NOT LISTED FOR SALE

503 S Franklin St Salem, IL 62881

Estimated Value: $63,000 - $114,000

2 Beds
1 Bath
882 Sq Ft
$97/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $61,000 $69 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $533/month

1 Day on Market

Highlights

  • Patio
  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Bungalow
  • Ceiling Fan
  • Replacement Windows

About This Home

As of October 2022

Exceptionally well maintained 2-bedroom home. Hardwood floors living room, dining room, and kitchen. HVAC and Roof 2021, Water Heater 2022. All windows except utility replaced. 8 x 12 shed and 10 x 20 carport.

Last Agent to Sell the Property

Chris Tanner

SOMER REAL ESTATE License #475146456 Listed on: 09/14/2022

Last Buyer's Agent

Trudie Smith

SOMER REAL ESTATE License #475178075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 1925

Lot Details

  • 7,100

Home Design

  • Bungalow

Interior Spaces

  • 1 Full Bathroom
  • Ceiling Fan
  • Replacement Windows
  • Oven or Range

Outdoor Features

  • Patio

Schools

  • Salem Elementary School

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$989

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Legal Description: Lot 7, Block 5, Mc Elwain & Nicohols Add, City of Salem, Marion County, Ill
  • Lvt Date: 09/15/2022
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Range/Oven
  • Interior Amenities: Ceiling Fan
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 10x11, On Level: Main, Flooring: Carpet
  • Basement Foundation: Concrete, Partial, Poured, Unfinished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 10x12, On Level: Main, Flooring: Carpet
  • Bedroom 2 Egress Window: Yes
  • Formal Dining Room: Dimensions: 12.5x12.5, On Level: Main, Flooring: Hardwood
  • Kitchen: Dimensions: 9x14.5, On Level: Main, Flooring: Hardwood
  • Kitchen Dining: Dining Formal
  • Laundry: Dimensions: 9.5x7, On Level: Main, Flooring: Vinyl
  • Living Room: Dimensions: 12x13, On Level: Main, Flooring: Hardwood
  • Total Basement Sq Ft: 648
  • Price Per Sq Ft: 69.16
  • Finished Sq Ft: 882
  • Total Sq Ft: 882
  • Finished Main Level Sq Ft: 882

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Amenities: Patio, Replacement Windows, Shed
  • Road Access: Curbs & Gutters
  • Roofing: Shingles
  • Construction Type: Frame

Garage/Parking

  • Garage Parking: Carport, Curbs & Gutters, Gravel

Utilities

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

Schools

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

Lot Info

  • Estimated Lot Size: 125 x 55.8
  • Lot Description: Level
  • Subdivision: McElwain & Nichols
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Tax Info

  • Annual Taxes: 989.18
  • Parcel Id Number Tax Id: 1100009710
  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 7, 2022
Sold by
Frank Buerster Living Trust
Bought by
T Squared Holdings Llc
Seller's Agent
Chris Tanner
SOMER REAL ESTATE
Buyer's Agent
Trudie Smith
SOMER REAL ESTATE
List Price
$63,000
Sold Price
$61,000
Premium/Discount to List
-$2,000
-3.17%
Views
19
Current Estimated Value
$85,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,344
Avg. Annual Appreciation
0.99%
Original Mortgage
$56,000
Interest Rate
5.89%
Mortgage Type
New Conventional
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
T Squared Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open T Squared Holdings Llc $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $61,000 -3.2% $69 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $63,000 -- $71 / 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 $960 $13,030 $2,350 $10,680
2023 $964 $12,180 $2,200 $9,980
2022 $1,053 $12,460 $3,390 $9,070
2021 $1,033 $11,650 $3,170 $8,480
2020 $1,004 $11,370 $3,150 $8,220
2019 $989 $10,950 $3,030 $7,920
2018 $992 $10,950 $3,030 $7,920
2017 $982 $10,730 $2,970 $7,760
2016 $967 $10,120 $2,800 $7,320
2015 $9 $10,120 $2,800 $7,320
2012 $9 $10,050 $2,740 $7,310
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: EB446256

RMLS Alliance

APN: 1100009710

Illinois Marion County Salem 62881

503 S Franklin St, Salem, IL

This home is located at 503 S Franklin St, Salem, IL 62881 since 14 September 2022 and is currently estimated at $85,344, approximately $96 per square foot. This property was built in 1925. 503 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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