NOT LISTED FOR SALE

502 E Melbourne Ave Peoria, IL 61603

West Bluff Neighborhood

Estimated Value: $82,000 - $95,000

4 Beds
1 Bath
816 Sq Ft
$109/Sq Ft Est. Value

About This Home

This home is located at 502 E Melbourne Ave, Peoria, IL 61603 and is currently estimated at $88,658, approximately $108 per square foot. 502 E Melbourne Ave is a home located in Peoria County with nearby schools including Von Steuben Middle School, Peoria High School, and Peoria Christian School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Murillo Luis
Bought by
Rodriguez Miguel
Current Estimated Value
$88,658

Purchase Details

Closed on
Jan 14, 2016
Sold by
Rebecca Ochs
Bought by
Murillo Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2004
Bought by
Ochs Michael and Roeder Rebecca
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rodriguez Miguel $93,000 None Listed On Document
Murillo Luis $50,000 --
Ochs Michael $67,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murillo Luis $41,600
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,856 $20,520 $3,030 $17,490
2023 $1,772 $18,830 $2,780 $16,050
2022 $1,726 $17,890 $2,740 $15,150
2021 $1,694 $17,040 $2,610 $14,430
2020 $1,690 $16,870 $2,580 $14,290
2019 $1,715 $17,210 $2,630 $14,580
2018 $1,766 $18,130 $2,650 $15,480
2017 $1,766 $18,320 $2,680 $15,640
2016 $1,717 $18,320 $2,680 $15,640
2015 $1,245 $17,960 $2,630 $15,330
2014 $1,252 $19,530 $2,500 $17,030
2013 -- $19,770 $2,530 $17,240
Source: Public Records

Map

Illinois Peoria County Peoria 61603 West Bluff

502 E Melbourne Ave, Peoria, IL

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