NOT LISTED FOR SALE

502 N Hamilton St Lincoln, IL 62656

Estimated Value: $69,000 - $105,000

2 Beds
1 Bath
1,132 Sq Ft
$82/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $47,000 $42 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $630/month

2 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Patio
  • Hydromassage or Jetted Bathtub
  • Porch
  • 5-minute walk to Latham Park

About This Home

As of June 2022

Roomy two bedroom wood/aluminum sided bungalow style home situated on a tree shaded corner lot just a short stroll from the historic downtown district! Interior boasts a front facing living room, family room with French doors, formal dining room, efficient equipped kitchen, two nice sized bedrooms, and a full hall bath with a whirlpool tub in addition to adjacent laundry facilities. Property also features a side deck/patio area, covered front porch, fenced yard, older detached garage structure, partial basement (exterior access only), 200 AMP electrical, newer water heater, updated central air conditioning unit (2014), and a newer architectural roof (2020). Current owner purchased property in 2015 for $58,375, but is motivated to sell and has priced this property aggressively at $45,000! Being sold AS IS -- conventional or cash only, please!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 03/22/2022

Last Buyer's Agent

Ty Tucker

ME Realty License #475185836

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1920

Lot Details

  • Fenced Yard

Parking

  • Garage

Home Design

  • Bungalow

Interior Spaces

  • Ceiling Fan
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,437

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Legal Description: 8-2139 NW 90 ft lots 7 & 8 block 17 Latham & Gilletts Addn to Lincoln.
  • Lvt Date: 03/24/2022
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave Oven, Range/Oven, Refrigerator, Washer, Dryer
  • Interior Amenities: Jetted Tub, Blinds, Ceiling Fan, Window Coverings
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 13x13, On Level: Main, Flooring: Laminate
  • Basement Foundation: Partial, Brick, Unfinished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 10x9, On Level: Main, Flooring: Laminate
  • Bedroom 2 Egress Window: Yes
  • Family Room: Dimensions: 15x15, On Level: Main, Flooring: Laminate
  • Formal Dining Room: Dimensions: 14x11, On Level: Main, Flooring: Laminate
  • Kitchen: Dimensions: 11x9, On Level: Main, Flooring: Laminate
  • Kitchen Dining: Dining Formal
  • Laundry: Dimensions: 6x11, On Level: Main, Flooring: Laminate
  • Living Room: Dimensions: 16x13, On Level: Main, Flooring: Laminate
  • Total Basement Sq Ft: 500
  • Price Per Sq Ft: 41.52
  • Finished Sq Ft: 1132
  • Total Sq Ft: 1132
  • Finished Main Level Sq Ft: 1132

Exterior Features

  • Exterior: Aluminum Siding, Wood Siding
  • Exterior Amenities: Deck, Fenced Yard, Patio, Porch
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes
  • Number Cars: 1

Utilities

  • Heating Cooling: Gas, Forced Air, Central Air
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Estimated Lot Size: 80X90
  • Lot Description: Corner, Level
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 1436.64
  • Parcel Id Number Tax Id: 08-255-149-00
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2021

MLS Schools

  • High School School District: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
May 26, 2022
Sold by
Bloch Sharon R
Bought by
Merrifield Matthew and Merrifield Angel
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Ty Tucker
ME Realty
List Price
$45,000
Sold Price
$47,000
Premium/Discount to List
$2,000
4.44%
Current Estimated Value
$92,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,349
Avg. Annual Appreciation
21.35%
Original Mortgage
$37,600
Outstanding Balance
$35,847
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$56,502

Purchase Details

Listed on
Jun 23, 2015
Closed on
Jul 31, 2015
Sold by
Jones Larry G
Bought by
Bloch Sharon R
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$59,000
Sold Price
$58,375
Premium/Discount to List
-$625
-1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.12%
Original Mortgage
$46,700
Interest Rate
3.96%
Mortgage Type
New Conventional
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
Merrifield Matthew $47,000 None Available
Bloch Sharon R $58,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrifield Matthew $37,600
Previous Owner Bloch Sharon R $46,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2022 06/01/22 Sold $47,000 +4.4% $42 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $45,000 -22.9% $40 / Sq Ft
07/31/2015 07/31/15 Sold $58,375 -1.1% -- View Prior Sale
06/27/2015 06/27/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $59,000 -- --
Source: RMLS Alliance

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 $1,714 $24,700 $7,400 $17,300
2023 $1,595 $22,870 $6,850 $16,020
2022 $1,517 $21,370 $6,400 $14,970
2021 $1,437 $20,510 $6,140 $14,370
2020 $1,410 $20,210 $6,050 $14,160
2019 $1,368 $19,810 $5,930 $13,880
2018 $1,345 $19,420 $5,810 $13,610
2017 $1,338 $19,420 $5,810 $13,610
2016 $1,302 $19,400 $5,800 $13,600
2015 $1,255 $19,030 $5,790 $13,240
2014 $1,255 $19,030 $5,790 $13,240
2013 $1,255 $18,070 $5,500 $12,570
2012 $1,255 $18,400 $5,600 $12,800
Source: Public Records

Agents Affiliated with this Home

  • Seth Goodman

    Seller's Agent in 2022

    Seth Goodman

    ME Realty

    (217) 737-3742

    952 in this area

    1,879 Total Sales

    Seth Goodman
    Section Image

  • T

    Buyer's Agent in 2022

    Ty Tucker

    ME Realty

    (217) 828-1626

    67 in this area

    102 Total Sales

    Ty Tucker
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1013139

RMLS Alliance

APN: 08-255-149-00

Illinois Logan County Lincoln 62656

502 N Hamilton St, Lincoln, IL

Not Listed for Sale

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