NOT LISTED FOR SALE

502 N Sherman St Lincoln, IL 62656

Estimated Value: $115,000 - $137,656

2 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold June 27, 2017

Last sale price $72,500

Est. 77% increase in value since last sale

Current estimated payment $830/month

115 Days on Market

Highlights

  • Ranch Style House
  • Porch
  • Garage
  • Fenced Yard
  • Ceiling Fan

About This Home

As of June 2017

Wonderfully constructed all brick 2 bedroom, 2 full bath conveniently located ranch style home -- a must to view! Main floor features a generous living room, efficient kitchen, formal dining room with plenty of room for a large table and chairs, two bedrooms -- one with hardwood flooring, and a full hall bath. The full partially finished basement features a generous family room/den area, laundry/bar area, full bath, and a large storage/mechanical room. Property also features a fenced backyard, two car detached garage with a newer garage door as well as garage door opener -- features additional adjacent off-street rear parking, vinyl windows throughout, efficient hot water heat, central air conditioning, and neat cedar lined closets. Situated just a short stroll from historic downtown Lincoln, Illinois, you will find 502 N. Sherman Street -- built to last -- various desirable features found both inside as well as out!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 01/06/2017

Last Buyer's Agent

Brenda Short

IN BETWEEN OFFICES License #471003248

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $2,083

Year Built

  • Built in 1959

Lot Details

  • 7,405

Home Design

  • Ranch Style House

Interior Spaces

  • 2 Full Bathrooms
  • Ceiling Fan
  • Window Treatments
  • Washer

Kitchen

  • Oven or Range
  • Microwave

Parking

  • Garage
  • Garage Door Opener

Additional Features

  • Porch
  • Fenced Yard

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$2,083

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Lvt Date: 01/07/2017
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Appliances: Microwave Oven, Refrigerator, Range/Oven, Washer
  • Interior Amenities: Garage Door Opener(s), Ceiling Fan, Window Coverings
  • Total Full Baths: 2
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 12x12, On Level: Main, Flooring: Hardwood
  • Basement Foundation: Full, Block, Concrete, Partially Finished
  • Bedroom 2: Dimensions: 11x11, On Level: Main, Flooring: Carpet
  • Family Room: Dimensions: 13x32, On Level: Lower, Flooring: Vinyl
  • Formal Dining Room: On Level: Main, Flooring: Carpet
  • Informal Dining Room: Dimensions: 14x10
  • Kitchen: Dimensions: 10x14, On Level: Main, Flooring: Laminate
  • Kitchen Dining: Dining Formal
  • Laundry: Dimensions: 12x10, On Level: Lower
  • Living Room: Dimensions: 13x20, On Level: Main, Flooring: Carpet
  • Price Per Sq Ft: 31.25
  • Total Sq Ft: 2320
  • Finished Lower Level Sq Ft: 650
  • Finished Main Level Sq Ft: 1160

Exterior Features

  • Exterior: Brick
  • Exterior Amenities: Fenced Yard, Porch
  • Roofing: Shingles
  • Construction Type: Modular, Other

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes

Utilities

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

Schools

  • Elementary School: Lincoln Elementary School District #27

Lot Info

  • Estimated Lot Size: 50X150
  • Lot Description: Agricultural
  • Zoning: Residential
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 2083.1
  • Parcel Id Number Tax Id: 08-465-013-00
  • Tax Year: 2015

MLS Schools

  • High School School District: Lincoln
  • Middle School: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2017
Closed on
Jun 27, 2017
Sold by
Ackerman Ruth E
Bought by
Fulk Robert D
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Brenda Short
IN BETWEEN OFFICES
List Price
$89,900
Sold Price
$72,500
Premium/Discount to List
-$17,400
-19.35%
Current Estimated Value
$128,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,164
Avg. Annual Appreciation
7.05%
Original Mortgage
$72,434
Outstanding Balance
$60,394
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$68,270

Purchase Details

Closed on
Mar 18, 2002
Bought by
Ackerman Ruth E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fulk Robert D $72,500 --
Ackerman Ruth E $81,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fulk Robert D $72,434
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2017 06/27/17 Sold $72,500 -19.4% --
05/01/2017 05/01/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $89,900 -- --
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 $1,810 $30,740 $6,160 $24,580
2023 $2,124 $28,460 $5,700 $22,760
2022 $2,033 $26,600 $5,330 $21,270
2021 $1,935 $25,540 $5,120 $20,420
2020 $1,901 $25,160 $5,040 $20,120
2019 $1,849 $24,670 $4,940 $19,730
2018 $1,823 $24,180 $4,840 $19,340
2017 $1,812 $24,180 $4,840 $19,340
2016 $3,384 $34,820 $4,840 $29,980
2015 $2,288 $33,810 $4,680 $29,130
2014 $2,288 $33,810 $4,680 $29,130
2013 $2,288 $32,090 $4,440 $27,650
2012 $2,288 $32,670 $4,520 $28,150
Source: Public Records

Agents Affiliated with this Home

  • Seth Goodman

    Seller's Agent in 2017

    Seth Goodman

    ME Realty

    (217) 737-3742

    952 in this area

    1,879 Total Sales

    Seth Goodman
    Section Image

  • B

    Buyer's Agent in 2017

    Brenda Short

    IN BETWEEN OFFICES

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA20170013

RMLS Alliance

APN: 08-465-013-00

Illinois Logan County Lincoln 62656

502 N Sherman St, Lincoln, IL

Not Listed for Sale

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