NOT LISTED FOR SALE

506 Cherry St Evansville, IL 62242

Estimated Value: $100,000 - $122,702

3 Beds
2 Baths
1,400 Sq Ft
$78/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $103,000 $74 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $794/month

124 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • 1 Car Attached Garage
  • Sun or Florida Room
  • Covered Patio or Porch
  • Accessible Full Bathroom

About This Home

As of December 2023

Welcome to this charming cottage-style home, ideally located on a corner lot in a wonderful community. With 1400 sq ft of potential, this residence offers a fantastic opportunity to create your dream space with some updates and personal touches. Inside, you'll find a cozy layout with wood floors that provide a great foundation for future renovations. The kitchen, equipped with cabinetry ready for a stylish makeover, presents the perfect canvas for your culinary vision. Rest easy knowing that a back-up generator is already in place, ensuring your comfort during any unexpected events. The attached garage provides convenience and storage, and the detached shed offers additional space to accommodate your hobbies and outdoor essentials.Nestled in a delightful community, you'll enjoy the benefits of peaceful living while still having easy access to nearby amenities, schools, parks, and entertainment. Your imagination and creativity will bring this gem to life!

Last Agent to Sell the Property

Brooke Mitchell

Keller Williams Pinnacle License #475184593 Listed on: 08/03/2023

Keller Williams Pinnacle

Last Buyer's Agent

Susan Kroll

Equity Realty Group, LLC License #475203999

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,574

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Bungalow
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1.5-Story Property
  • Combination Kitchen and Dining Room
  • Sun or Florida Room
  • Unfinished Basement

Bedrooms and Bathrooms

Accessible Home Design

  • Accessible Full Bathroom

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Sparta Dist 140 Elementary And Middle School
  • Sparta High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Assessor Parcel Number 14-071-005-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,574

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Style: 1.5 Story
  • Style Description: Bungalow / Cottage
  • Special Areas: Sun Room
  • Special Description: Tax Exempt
  • Age: 83
  • Ownership: Owner By Contract
  • Year Built: 1940
  • Accessibility Features: Accessible Full Bath
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Poured Concrete, Unfinished
  • Dining Room: Kitchen/Dining Combo
  • Interior Amenities: Some Wood Floors
  • Main Level Bedrooms: 2
  • Main Full Bathrooms: 1
  • Misc Features: Porch-Covered
  • Total Living Area: 1400.00
  • Bathrooms: 2.00
  • Bedrooms: 3.00
  • Square Footage: 1400
  • Total Full Baths: 2

Exterior Features

  • Architecture: Traditional
  • Construction: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking: Attached Garage, Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Heat Pump

Schools

  • School District: SPARTA DIST 140
  • Elementary School: SPARTA DIST 140
  • Middle School: SPARTA DIST 140
  • High School: Sparta
  • Elementary School: SPARTA DIST 140
  • Junior High School: SPARTA DIST 140
  • School District: SPARTA DIST 140
  • Senior High School: Sparta

Lot Info

  • Lot Description: Corner Lot, Level Lot
  • Lot Dimensions: .19
  • Lot Sq Ft: 8276
  • Acres: 0.1900

Building Info

  • Buildings: Shed(s)

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 1241
  • Taxes Paid Year: 2021
  • Assessor Parcel Number: 14-071-005-00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Dec 6, 2023
Sold by
Mccormick Carol May
Bought by
Koester Nick and Weiser Kayla S
Seller's Agent
Brooke Mitchell
Keller Williams Pinnacle
Buyer's Agent
Susan Kroll
Equity Realty Group, LLC
List Price
$119,900
Sold Price
$103,000
Premium/Discount to List
-$16,900
-14.1%
Views
305
Current Estimated Value
$109,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,676
Avg. Annual Appreciation
3.59%
Original Mortgage
$99,562
Outstanding Balance
$97,987
Interest Rate
7.75%
Mortgage Type
FHA
Estimated Equity
$11,689
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Koester Nick $103,000 Pinnacle Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koester Nick $99,562
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $103,000 -8.8% $74 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
09/09/2023 09/09/23 Price Changed $112,900 -5.8% $81 / Sq Ft
08/03/2023 08/03/23 For Sale $119,900 -- $86 / Sq Ft
Source: MARIS MLS

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
2023 $2,574 $31,590 $2,205 $29,385
2022 $1,371 $29,775 $2,080 $27,695
2021 $1,241 $29,060 $2,030 $27,030
2020 $1,397 $29,760 $2,079 $27,681
2019 $738 $26,635 $1,860 $24,775
2018 $974 $24,165 $2,051 $22,114
2017 $691 $26,370 $1,840 $24,530
2016 $776 $26,030 $1,815 $24,215
2015 $773 $21,000 $1,780 $19,220
2014 $773 $21,000 $1,780 $19,220
2013 $805 $21,000 $1,780 $19,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23045329

MARIS MLS

APN: 14-071-005-00