NOT LISTED FOR SALE

502 S Franklin St Salem, IL 62881

Estimated Value: $38,000 - $56,000

1 Bed
1 Bath
576 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 04, 2022

Last sale price $35,000 $61 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $323/month

3 Days on Market

About This Home

As of August 2022

Very well-maintained property. 100 amp electric upgrade, additional insulation added in attic, walls insulated when siding installed, Superior brand windows, water heater replaced 2020.

Last Agent to Sell the Property

Chris Tanner

SOMER REAL ESTATE License #475146456 Listed on: 06/13/2022

Last Buyer's Agent

Trudie Smith

SOMER REAL ESTATE License #475178075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $733

Year Built

  • Built in 1948

Lot Details

  • 6,970

Home Design

  • Bungalow

Interior Spaces

  • 1 Full Bathroom
  • Ceiling Fan
  • Oven or Range

Schools

  • Salem Elementary School

Home Details

Home Type

Single Family

Est. Annual Taxes

$733

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Legal Description: Lot 1, Blk 5 Mc Elwain & Nichols Add. City of Salem, Marion County Illinois
  • Lvt Date: 06/14/2022
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Interior Amenities: Ceiling Fan
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 1
  • Master Bedroom: Dimensions: 11.25x9.25, On Level: Main, Flooring: Carpet
  • Basement Foundation: Crawl Space
  • Master Bedroom Egress Window: Yes
  • Kitchen: Dimensions: 15.75x12, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Galley
  • Laundry: Dimensions: 5.75x6.75, On Level: Main, Flooring: Vinyl
  • Living Room: Dimensions: 12x13, On Level: Main, Flooring: Carpet
  • Additional Room 1: Dimensions: 5.75x6.75, On Level: Main, Flooring: Vinyl
  • Price Per Sq Ft: 60.76
  • Finished Sq Ft: 576
  • Total Sq Ft: 576
  • Finished Main Level Sq Ft: 576

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Amenities: Shed
  • Roofing: Shingles
  • Construction Type: Frame

Garage/Parking

  • Garage Parking: Gravel

Utilities

  • Heating Cooling: Gas, Forced Air, Window Unit
  • Utilities On: Yes
  • Water Sewer: Public Water, Public Sewer
  • Utility Companies: Salem Ameren

Schools

  • Elementary School: Salem
  • Middle School: Salem
  • High School: Salem Community High School
  • Elementary School: Salem

Lot Info

  • Estimated Lot Size: 55.5 x 125
  • Lot Description: Level
  • Subdivision: McElwain & Nichols
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Tax Info

  • Annual Taxes: 732.62
  • Parcel Id Number Tax Id: 1100009680
  • Tax Year: 2020

MLS Schools

  • High School School District: Salem Community High School
  • Middle School: Salem

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

Property History

Date Event Price Change Sq Ft Price
08/04/2022 08/04/22 Sold $35,000 -12.3% $61 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $39,900 -- $69 / Sq Ft
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 $745 $10,110 $2,350 $7,760
2023 $748 $9,450 $2,200 $7,250
2022 $844 $9,980 $3,390 $6,590
2021 $828 $9,330 $3,170 $6,160
2020 $743 $8,420 $3,150 $5,270
2019 $733 $8,110 $3,030 $5,080
2018 $734 $8,110 $3,030 $5,080
2017 $727 $7,950 $2,970 $4,980
2016 $717 $7,500 $2,800 $4,700
2015 $7 $7,500 $2,800 $4,700
2012 $7 $7,550 $2,740 $4,810
Source: Public Records

Agents Affiliated with this Home

  • Chris Tanner

    Seller's Agent in 2022

    Chris Tanner

    SOMER REAL ESTATE

    (618) 332-2262

    49 in this area

    95 Total Sales

    Chris Tanner
    Section Image

  • T

    Buyer's Agent in 2022

    Trudie Smith

    SOMER REAL ESTATE

    Section Image
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Map

Source: RMLS Alliance

MLS Number: EB444890

RMLS Alliance

APN: 1100009680

Illinois Marion County Salem 62881

502 S Franklin St, Salem, IL

This home is located at 502 S Franklin St, Salem, IL 62881 since 13 June 2022 and is currently estimated at $49,188, approximately $85 per square foot. This property was built in 1948. 502 S Franklin St is a home located in Marion County with nearby schools including Franklin Park Middle School, Hawthorn Elementary School, and Salem Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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