NOT LISTED FOR SALE

502 N Elm St Lexington, IL 61753

Estimated Value: $228,000 - $264,000

2 Beds
2.5 Baths
2,688 Sq Ft
$93/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $225,000 $84 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,720/month

Highlights

  • Ranch Style House
  • Bonus Room
  • Living Room
  • Lexington High School Rated 9+
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of February 2023

Situated on a large corner lot this all brick Ranch home has 4 bedroom, 2.5 bathroom and boasts a gorgeous kitchen with quartz countertops, soft close cabinets, bar seating and stainless steel appliances all completed in 2015. Kitchen opens into the dining room and upstairs family room. First floor primary bedroom along with second bedroom and first floor laundry. Lower level family room, 3rd and 4th bedrooms with egress windows, second full bath, bonus room, and large storage room. 1/3 of windows replaced in 2014 and remainder were done in summer of 2022. Water heater new in 2020. Trane Brand Furnace and Central Air new in 2012. Shed from Countryside Barns in Eureka purchased in 2017 will stay. 2 car attached garage has an operational 1/2 bath. Huge Side yard to entertain family and friends.

Last Agent to Sell the Property

Jacqui Miller

Keller Williams Revolution License #475127261 Listed on: 01/25/2023

Keller Williams Revolution

Last Buyer's Agent

Ryan Leake

Keller Williams Revolution License #475168509

Keller Williams Revolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 132x132

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 2,688 Sq Ft Home
  • Family Room
  • Living Room
  • Bonus Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer

Partially Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Lexington Elementary School
  • Lexington Jr High Middle School
  • Lexington High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,996

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Not Applicable
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Dryer
  • Basement: Full, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 2688
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1344
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 189900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lexington Elementary
  • High School: Lexington High School
  • Middle/Junior School: Lexington Jr High
  • Middle/Junior School District: 7

Lot Info

  • Lot Dimensions: 132X132
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 3996.38
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Feb 1, 2023
Sold by
Tompkins David B and Tompkins Mary A
Bought by
Gresham Weston Niles and Gresham Shelby Jo
Seller's Agent
Jacqui Miller
Keller Williams Revolution
Buyer's Agent
Ryan Leake
Keller Williams Revolution
List Price
$189,900
Sold Price
$225,000
Premium/Discount to List
$35,100
18.48%
Views
46
Current Estimated Value
$248,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,908
Avg. Annual Appreciation
3.69%
Original Mortgage
$180,000
Outstanding Balance
$174,668
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$71,112
Source: Public Records

Range of Values:

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Average Value
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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
Gresham Weston Niles $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gresham Weston Niles $25,000
Open Gresham Weston Niles $180,000
Previous Owner Tompkins David B $110,000
Previous Owner Tompkins David B $108,000
Previous Owner Tompklins David B $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $225,000 +18.5% $84 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $189,900 -- $71 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $4,141 $73,697 $6,692 $67,005
2022 $4,141 $51,748 $5,705 $46,043
2021 $3,996 $50,066 $5,520 $44,546
2020 $3,945 $49,365 $5,443 $43,922
2019 $4,024 $50,285 $5,544 $44,741
2018 $4,269 $50,803 $5,601 $45,202
2017 $4,233 $50,445 $5,562 $44,883
2016 $4,030 $47,988 $5,291 $42,697
2015 $3,980 $47,612 $5,250 $42,362
2014 $3,734 $47,612 $5,250 $42,362
2013 -- $47,612 $5,250 $42,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11705672

Midwest Real Estate Data (MRED)

APN: 09-08-130-005