NOT LISTED FOR SALE

502 Water St Lincoln, IL 62656

Estimated Value: $158,000 - $201,547

3 Beds
2 Baths
1,980 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $164,900 $83 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,259/month

Highlights

  • Fenced Yard
  • Porch
  • Garage
  • Central Elementary School Rated A-
  • Ceiling Fan
  • Replacement Windows

About This Home

As of May 2021

Gorgeous 3 bedroom, 2.5 bath vinyl sided corner lot two story home. Remarkable woodwork, striking hardwood flooring, custom fully equipped kitchen, two car attached garage, upper level laundry, and a master bath that is truly out of this world!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 03/21/2021

Last Buyer's Agent

Robert Neal

ME Realty License #475175518

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1892

Lot Details

  • 7,841

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Additional Features

  • Porch
  • Fenced Yard

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,961

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Legal Description: 8-1844 SW 92 ft of NW 83 ft lot 2 block 7 Park's Addn to Lincoln.
  • Lvt Date: 05/11/2021
  • Year Built: 1892
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave Oven, Refrigerator, Range/Oven, Washer
  • Fireplace: Family Room
  • Interior Amenities: Garage Door Opener(s), Blinds, Ceiling Fan
  • Number Fireplaces: 1
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 14x14, On Level: Upper, Flooring: Hardwood
  • Basement Foundation: Brick, Partial, Unfinished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 12x14, On Level: Upper, Flooring: Hardwood
  • Bedroom 2 Egress Window: Yes
  • Bedroom 3: Dimensions: 11x15, On Level: Upper, Flooring: Hardwood
  • Bedroom 3 Egress Window: Yes
  • Family Room: Dimensions: 12x28, On Level: Main, Flooring: Hardwood
  • Formal Dining Room: Dimensions: 11x14, On Level: Main, Flooring: Hardwood
  • Kitchen: Dimensions: 11x17, On Level: Main, Flooring: Hardwood
  • Kitchen Dining: Breakfast Bar, Dining Formal, Pantry
  • Laundry: On Level: Upper
  • Living Room: Dimensions: 12x14, On Level: Main, Flooring: Hardwood
  • Total Basement Sq Ft: 724
  • Price Per Sq Ft: 83.28
  • Finished Sq Ft: 1980
  • Total Sq Ft: 1980
  • Finished Main Level Sq Ft: 1076
  • Upper Level Finished Sq Ft: 904

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Amenities: Fenced Yard, Porch, Replacement Windows
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached
  • Garage Yn: Yes
  • Number Cars: 2
  • Number Of Garage Remotes: 1

Utilities

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

Lot Info

  • Estimated Lot Size: 83X92
  • Lot Description: Corner, Level
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 2960.58
  • Parcel Id Number Tax Id: 08-237-005-00
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2019

MLS Schools

  • High School School District: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2021
Closed on
May 10, 2021
Sold by
Behrends Anastasia V
Bought by
Frost Rheannon P and Frost Mikel E
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Robert Neal
ME Realty
List Price
$164,900
Sold Price
$164,900
Current Estimated Value
$182,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,487
Avg. Annual Appreciation
2.24%
Original Mortgage
$156,600
Outstanding Balance
$141,697
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$40,690

Purchase Details

Closed on
Jul 30, 2018
Sold by
Behrends Anastasia V
Bought by
Behrends Anastasia V

Purchase Details

Listed on
Feb 12, 2016
Closed on
Oct 19, 2016
Sold by
Benedict Daniel L and Benedict Julie A
Bought by
Behrends Anastasia
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$139,900
Sold Price
$114,000
Premium/Discount to List
-$25,900
-18.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%

Purchase Details

Listed on
Oct 12, 2015
Closed on
Dec 3, 2015
Sold by
Jp Morgan Chase Bank
Bought by
Benedict Daniel L and Benedict Julie A
Seller's Agent
Diane Schriber
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$45,540
Sold Price
$55,010
Premium/Discount to List
$9,470
20.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
128.88%

Purchase Details

Closed on
Sep 10, 2015
Sold by
Scioto County Sheriff
Bought by
Jp Morgan Chase Bank

Purchase Details

Listed on
May 30, 2012
Closed on
Mar 15, 2013
Sold by
Blackburn Phillip L and Blackburn Tasha L
Bought by
Grant Sean J
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$135,500
Sold Price
$122,500
Premium/Discount to List
-$13,000
-9.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$122,667
Interest Rate
3.52%
Mortgage Type
Stand Alone First
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
Frost Rheannon P $165,000 None Available
Behrends Anastasia V -- None Available
Behrends Anastasia $114,000 --
Benedict Daniel L $55,500 --
Jp Morgan Chase Bank -- --
Grant Sean J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frost Rheannon P $156,600
Previous Owner Grant Sean J $122,667
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2021 05/11/21 Sold $164,900 0.0% $83 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/21/2021 03/21/21 For Sale $164,900 +44.6% $83 / Sq Ft
10/20/2016 10/20/16 Sold $114,000 -18.5% -- View Prior Sale
08/23/2016 08/23/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $139,900 +154.3% --
12/04/2015 12/04/15 Sold $55,010 +20.8% -- View Prior Sale
10/21/2015 10/21/15 Pending -- -- --
10/12/2015 10/12/15 For Sale $45,540 -62.8% --
03/22/2013 03/22/13 Sold $122,500 -9.6% -- View Prior Sale
02/12/2013 02/12/13 Pending -- -- --
05/30/2012 05/30/12 For Sale $135,500 -- --
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 $3,551 $44,730 $8,640 $36,090
2023 $3,350 $41,420 $8,000 $33,420
2022 $3,228 $38,710 $7,480 $31,230
2021 $3,085 $37,160 $7,180 $29,980
2020 $3,037 $36,610 $7,070 $29,540
2019 $2,961 $35,890 $6,930 $28,960
2018 $2,926 $35,180 $6,790 $28,390
2017 $2,908 $35,180 $6,790 $28,390
2016 $2,832 $35,140 $6,780 $28,360
2015 $3,154 $38,470 $6,700 $31,770
2014 $3,154 $38,470 $6,700 $31,770
2013 $3,154 $36,520 $6,360 $30,160
2012 $3,154 $37,170 $6,470 $30,700
Source: Public Records

Agents Affiliated with this Home

  • Seth Goodman

    Seller's Agent in 2021

    Seth Goodman

    ME Realty

    (217) 737-3742

    952 in this area

    1,880 Total Sales

    Seth Goodman
    Section Image

  • R

    Buyer's Agent in 2021

    Robert Neal

    ME Realty

    (217) 735-5424

    57 in this area

    90 Total Sales

    Robert Neal
    Section Image
  • Diane Schriber

    Seller's Agent in 2015

    Diane Schriber

    ME Realty

    (217) 737-7770

    65 in this area

    95 Total Sales

    Diane Schriber
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1006967

RMLS Alliance

APN: 08-237-005-00

Illinois Logan County Lincoln 62656

502 Water St, Lincoln, IL

Not Listed for Sale

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