NOT LISTED FOR SALE

502 N Elm St Franklin Grove, IL 61031

Franklin Grove-Nachusa Neighborhood

Estimated Value: $162,922 - $400,000

-- Bed
-- Bath
1,417 Sq Ft
$176/Sq Ft Est. Value

About This Home

This home is located at 502 N Elm St, Franklin Grove, IL 61031 and is currently estimated at $248,731, approximately $175 per square foot. 502 N Elm St is a home located in Lee County with nearby schools including Ashton-Franklin Center Elementary School, Ashton-Franklin Center Middle School, and Ashton-Franklin Center High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2017
Sold by
Searing Cullen William and Searing Melissa Ann
Bought by
Searcy Lance R and Searcy Janice L
Current Estimated Value
$248,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,988
Outstanding Balance
$118,100
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$73,373

Purchase Details

Closed on
Feb 28, 2014
Sold by
Good Nicholas J and Good Crystal M
Bought by
Searing Cullen William and Searing Melissa Ann

Purchase Details

Closed on
Oct 17, 2011
Sold by
Borell Melode S and Estate Of Mary Louise Haward
Bought by
Good Nicholas J and Good Crystal M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
4.12%
Mortgage Type
New Conventional

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
Searcy Lance R $138,500 --
Searing Cullen William $64,000 --
Good Nicholas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Searcy Lance R $135,988
Previous Owner Good Nicholas J $99,200
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
2023 $3,415 $46,853 $3,302 $43,551
2022 $3,181 $42,984 $3,029 $39,955
2021 $3,380 $45,057 $2,899 $42,158
2020 $3,309 $43,745 $2,815 $40,930
2019 $3,263 $42,471 $2,733 $39,738
2018 $3,012 $40,449 $2,603 $37,846
2017 $2,814 $38,130 $2,603 $35,527
2016 $2,827 $38,130 $2,603 $35,527
2015 $3,380 $38,130 $2,603 $35,527
2014 $3,389 $38,130 $2,603 $35,527
2013 $2,998 $41,333 $3,258 $38,075
Source: Public Records

Map

Illinois Lee County Franklin Grove 61031 Franklin Grove-Nachusa

502 N Elm St, Franklin Grove, IL

Homes for Sale in Franklin Grove, IL

This home is located at 502 N Elm St, Franklin Grove, IL 61031 and is currently estimated at $248,731, approximately $175 per square foot. 502 N Elm St is a home located in Lee County with nearby schools including Ashton-Franklin Center Elementary School, Ashton-Franklin Center Middle School, and Ashton-Franklin Center High School.

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