NOT LISTED FOR SALE

503 7th St Lincoln, IL 62656

Estimated Value: $97,000 - $131,000

3 Beds
1 Bath
1,914 Sq Ft
$60/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $67,000 $35 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $798/month

Highlights

  • Deck
  • Ceiling Fan
  • Replacement Windows
  • Central Elementary School Rated A-

About This Home

As of January 2022

Stately 3 bedroom story and a half vinyl sided home perched upon a generous tree shaded 80X153 corner lot! The main floor of home boasts an enclosed front porch, generous open bright and airy living/dining concept, eat-in kitchen with built-ins as well as an adjacent laundry room area, two comfortable bedrooms, and a full tiled comparted bath. Upstairs, you will find a third bedroom with electric baseboard heat and great adjacent floored attic storage space. The large partially finished basement is host to mechanicals, ample storage/work space, den/family room area, and a potential fourth bedroom. Lower level features electric baseboard heat. Property also features a side deck and a wonderfully large backyard. Sold as presented with no repairs at expense of seller, this generous property is truly packed full of potential! Make it your own and be proud to call it home for years to come! NOTE -- financing will need to be cash or conventional.

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 06/13/2021

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 06/13/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,965

Year Built

  • Built in 1897

Lot Details

  • 0.28

Interior Spaces

  • 1 Full Bathroom
  • 1.5-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Blinds
  • Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,965

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1.5 Story
  • Legal Description: 12-1362 lots 20 & 21 Lincoln Hill Addn to Lincoln.
  • Lvt Date: 06/14/2021
  • Year Built: 1897
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Range/Oven, Washer
  • Interior Amenities: Blinds, Ceiling Fan
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 12x11, On Level: Main, Flooring: Hardwood
  • Basement Foundation: Full, Block, Brick, Partially Finished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 10x11, On Level: Main, Flooring: Carpet
  • Bedroom 2 Egress Window: Yes
  • Bedroom 3: Dimensions: 10x12, On Level: Upper, Flooring: Carpet
  • Bedroom 3 Egress Window: Yes
  • Formal Dining Room: Dimensions: 16x16, On Level: Main, Flooring: Vinyl
  • Kitchen: Dimensions: 14x14, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining/Living Combo, Dining Formal, Eat-In Kitchen
  • Laundry: Dimensions: 9x8, On Level: Main, Flooring: Vinyl
  • Living Room: Dimensions: 15x16, On Level: Main, Flooring: Vinyl
  • Basement Finished Sq Ft: 294
  • Total Basement Sq Ft: 1148
  • Price Per Sq Ft: 41.36
  • Finished Sq Ft: 1914
  • Total Sq Ft: 1620
  • Finished Main Level Sq Ft: 1260
  • Upper Level Finished Sq Ft: 360

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Amenities: Deck, Shed, Replacement Windows
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: On Street Parking

Utilities

  • Heating Cooling: Electric, Gas, Baseboard, Forced Air
  • Water Sewer: Public Water, Public Sewer

Schools

  • High School: Lincoln

Lot Info

  • Estimated Lot Size: 80X153
  • Lot Description: Corner, Level
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 1965.24
  • Parcel Id Number Tax Id: 12-355-021-00
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2020

MLS Schools

  • High School School District: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2021
Closed on
Jan 24, 2022
Sold by
Tallman Joshua
Bought by
Sipes Christopher J
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$69,900
Sold Price
$67,000
Premium/Discount to List
-$2,900
-4.15%
Current Estimated Value
$114,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,441
Avg. Annual Appreciation
15.43%

Purchase Details

Listed on
Aug 5, 2015
Closed on
Jan 19, 2016
Sold by
Rohlfs Donald C
Bought by
Tallman Joshua
Seller's Agent
Sandra Alexander
Coldwell Banker Cornerstone
List Price
$75,900
Sold Price
$72,500
Premium/Discount to List
-$3,400
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.30%
Source: Public Records

Range of Values:

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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
Sipes Christopher J $67,000 None Available
Tallman Joshua $72,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2022 01/24/22 Sold $67,000 -4.1% $35 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
06/13/2021 06/13/21 For Sale $69,900 -3.6% $37 / Sq Ft
01/19/2016 01/19/16 Sold $72,500 -4.5% $40 / Sq Ft View Prior Sale
10/30/2015 10/30/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $75,900 -- $42 / 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 $2,297 $31,400 $9,960 $21,440
2023 $2,151 $29,070 $9,220 $19,850
2022 $2,053 $27,110 $8,600 $18,510
2021 $1,962 $26,100 $8,280 $17,820
2020 $1,965 $26,100 $8,280 $17,820
2019 $1,913 $25,590 $8,120 $17,470
2018 $1,840 $24,610 $7,810 $16,800
2017 $1,830 $24,610 $7,810 $16,800
2016 $1,813 $24,900 $7,900 $17,000
2015 $2,224 $23,770 $7,620 $16,150
2014 $2,224 $23,770 $7,620 $16,150
2013 $2,224 $21,930 $7,030 $14,900
2012 $2,224 $22,250 $7,130 $15,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1007784

RMLS Alliance

APN: 12-355-021-00