NOT LISTED FOR SALE

502 Frorer Ave Lincoln, IL 62656

Estimated Value: $63,000 - $97,595

2 Beds
1 Bath
1,128 Sq Ft
$70/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $41,500 $37 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $589/month

52 Days on Market

Highlights

  • Front Porch
  • Bungalow
  • 1-Story Property
  • Tankless Water Heater
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

Adorable 2 bedroom SE Lincoln just a short walk to down town and Lincoln High School. Great corner lot in wonderful neighborhood. This home has had many recent updates including newer windows, vinyl siding, tankless water heater, and 200 amp electric service., but still has a charming covered front porch. Kitchen has plenty of oak cabinetry, easy flow open floor plan with living/dining room combination; updated bathroom with tile shower surround. Home has laminate flooring thru-out. WHAT A DEAL THIS IS!

Last Agent to Sell the Property

Renee Sommer

County Line Realty License #471004125 Listed on: 12/28/2020

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,199

Year Built

  • Built in 1902

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40x100

Home Design

  • Bungalow
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • No Kitchen Appliances
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 08-293-047-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,199

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1128.0
  • Directions: Home Ave., right on Willametter Ave, left on S Sheridan St., left on Frorer Ave, house on corner of Frorer Ave and S Sheridan St.
  • Lot Size Acres: 0.09
  • Lot Size: 40x100
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Gravel
  • Building Stories: 1
  • Year Built: 1902
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 5124
  • Stories: 1

Interior Features

  • Appliances: None, Tankless Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Main Level Master
  • Fireplace: No
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace
  • Patio And Porch Features: Front Porch

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Size Sq Ft: 3920.0
  • Parcel #: 08-293-047-00
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1199.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2020
Closed on
Feb 19, 2021
Sold by
Freedom Mortgage Corp
Bought by
Family Lease Llc
Seller's Agent
Renee Sommer
County Line Realty
Buyer's Agent
Non Member
Central Illinois Board of REALTORS
List Price
$42,500
Sold Price
$41,500
Premium/Discount to List
-$1,000
-2.35%
Current Estimated Value
$78,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,399
Avg. Annual Appreciation
14.61%

Purchase Details

Closed on
Dec 15, 2020
Sold by
Logan County Sheriff
Bought by
Freedom Mortgage Corp

Purchase Details

Listed on
Sep 2, 2015
Closed on
Sep 12, 2016
Sold by
Friedline Adam D and Friedline Abbey E
Bought by
Linne Craig E
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$64,000
Sold Price
$59,900
Premium/Discount to List
-$4,100
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%

Purchase Details

Listed on
May 11, 2014
Closed on
Jul 31, 2014
Sold by
Greer James R and Greer Janice M
Bought by
Friedline Adam and Friedline Abbey
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$63,000
Sold Price
$57,000
Premium/Discount to List
-$6,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%
Original Mortgage
$50,510
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2012
Sold by
Berker John R
Bought by
Greer James R and Greer Janice M

Purchase Details

Closed on
Oct 1, 2007
Sold by
Benedict Darrell L and Benedict Leona P
Bought by
Berker John R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Family Lease Llc $41,500 None Available
Freedom Mortgage Corp -- None Available
Linne Craig E $60,000 --
Friedline Adam $57,000 --
Greer James R -- --
Berker John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Friedline Adam $50,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2021 03/12/21 Sold $41,500 -2.4% $37 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
12/28/2020 12/28/20 For Sale $42,500 -29.0% $38 / Sq Ft
09/12/2016 09/12/16 Sold $59,900 -6.4% -- View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
09/02/2015 09/02/15 For Sale $64,000 +12.3% --
07/31/2014 07/31/14 Sold $57,000 -9.5% -- View Prior Sale
06/14/2014 06/14/14 Pending -- -- --
05/11/2014 05/11/14 For Sale $63,000 -- --
Source: Central Illinois Board of REALTORS®

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 $2,068 $22,560 $3,990 $18,570
2023 $1,975 $20,880 $3,690 $17,190
2022 $1,334 $19,520 $3,450 $16,070
2021 $1,261 $18,740 $3,310 $15,430
2020 $1,236 $18,460 $3,260 $15,200
2019 $1,198 $18,100 $3,200 $14,900
2018 $1,178 $17,750 $3,140 $14,610
2017 $1,171 $17,750 $3,140 $14,610
2016 $1,141 $17,740 $3,140 $14,600
2015 -- $17,860 $3,090 $14,770
2014 -- $17,860 $3,090 $14,770
2013 -- $11,730 $2,930 $8,800
2012 -- $11,940 $2,980 $8,960
Source: Public Records

Agents Affiliated with this Home

  • Renee Sommer

    Seller's Agent in 2021

    Renee Sommer

    County Line Realty

    (217) 454-2327

    6 in this area

    144 Total Sales

    Renee Sommer
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Central Illinois Board of REALTORS

  • Seth Goodman

    Seller's Agent in 2016

    Seth Goodman

    ME Realty

    (217) 737-3742

    953 in this area

    1,880 Total Sales

    Seth Goodman
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6207381

APN: 08-293-047-00

Illinois Logan County Lincoln 62656

502 Frorer Ave, Lincoln, IL

Not Listed for Sale

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