NOT LISTED FOR SALE

507 Omaha Ave Lincoln, IL 62656

Estimated Value: $78,000 - $125,000

3 Beds
1 Bath
1,212 Sq Ft
$81/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $55,590 $46 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $713/month

111 Days on Market

Highlights

  • Wooded Lot
  • Porch
  • Eat-In Kitchen
  • Ranch Style House
  • Attached Garage
  • Patio

About This Home

As of October 2020

Comfortable three bedroom vinyl sided ranch style home with lots to offer at a reasonable price! Interior features a generous living room with hardwood flooring, built-ins, and crown molding, a large equipped eat-in kitchen, three bedrooms -- all with laminate flooring, full hall bath, and rear laundry/mechanical room area with an exterior access point. Property also features an attached garage, efficient fenced backyard with a concrete patio area, architectural roof, and all appliances to remain upon settlement for new owner(s) including washer and dryer. With over 1,200 square feet of finished living space on one floor along with generous interior room sizes, 507 Omaha Avenue, Lincoln has been priced to attract attention and to move quickly!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 05/20/2020

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 05/20/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 75x87
  • Fenced
  • Wooded Lot

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,212 Sq Ft Home
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Schools

  • Lincoln Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 08-317-002-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$804

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1960
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Structure Type: Manufactured House
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Window Treatments
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Fencing: Fenced
  • Lot Features: Wooded
  • Construction Type: Vinyl Siding, Other
  • Patio And Porch Features: Patio, Porch
  • Roof: Shingle

Garage/Parking

  • Garage Yn: Yes
  • Parking Features: Attached, Garage Door Opener

Utilities

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

Schools

  • Elementary School: Lincoln Elementary School District #27
  • High School: Lincoln
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning: Residential
  • Lot Size: 75X87
  • Parcel #: 08-317-002-00

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 804.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Oct 14, 2020
Sold by
Hartman Maizel Joan
Bought by
Harms Gregory Paul
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$59,900
Sold Price
$55,590
Premium/Discount to List
-$4,310
-7.2%
Current Estimated Value
$97,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,147
Avg. Annual Appreciation
11.68%
Original Mortgage
$44,400
Outstanding Balance
$39,491
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$58,246

Purchase Details

Closed on
Mar 29, 2004
Bought by
Hartman Maizel J
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
Harms Gregory Paul $56,000 None Available
Hartman Maizel J $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harms Gregory Paul $44,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2020 10/14/20 Sold $55,590 -7.2% $46 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $59,900 -- $49 / 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 $2,369 $25,840 $5,360 $20,480
2023 $2,262 $23,920 $4,960 $18,960
2022 $2,206 $22,360 $4,640 $17,720
2021 $2,125 $21,460 $4,450 $17,010
2020 $806 $21,140 $4,380 $16,760
2019 $963 $20,720 $4,290 $16,430
2018 $814 $20,320 $4,210 $16,110
2017 $809 $20,320 $4,210 $16,110
2016 $789 $20,300 $4,210 $16,090
2015 $923 $19,840 $4,070 $15,770
2014 $923 $19,840 $4,070 $15,770
2013 $923 $18,830 $3,860 $14,970
2012 $923 $19,170 $3,930 $15,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA20200256

RMLS Alliance

APN: 08-317-002-00