$56,000
SOLD JAN 31, 2025

508 E Locust St Salem, IL 62881

2 Beds
1 Bath
1,159 Sq Ft
0.36 Acres

Recently Sold

$48 Per Sq Ft

7% Below List Price

27 Days on Market

Highlights

  • 1 Car Detached Garage
  • Bungalow
  • Ceiling Fan
  • Porch
  • Central Heating
  • Level Lot

About This Home

As of January 2025

You may find the screened front porch with swing and cushion already installed is your new favorite space!! Storage abounds in this 1940's bungalow with a walk-in pantry and full basement. Eat-in kitchen. Formal dining room, living room and one bedroom have original hardwood floors. Some original woodwork and doors, appliances are included, newer storms and screens and breaker box.

Last Agent to Sell the Property

Rhonda Mulvany

SOMER REAL ESTATE Brokerage Phone: 618-548-5123 License #471004349 Listed on: 11/14/2024

Last Buyer's Agent

Anna Lange

SOMER REAL ESTATE License #475193597

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $160

Year Built

  • Built in 1940

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 115 x 140
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Poured Concrete
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,159 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Salem Elementary And Middle School
  • Salem Community High School

Utilities

  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 11-00-010-346

Home Details

Home Type

Single Family

Est. Annual Taxes

$160

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Architectural Style: Bungalow
  • New Construction: No
  • Attribution Contact: Phone: 618-548-5123
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Blinds, Ceiling Fan(s), Window Treatments
  • Living Area: 1159
  • KitchenDining: Dining Formal,Eat-In Kitchen

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Frame, Other
  • Exterior Features: Porch
  • Foundation Details: Poured Concrete
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Heating: Gas, Central Air
  • Water Source: Public, Public Sewer

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size: 115 x 140
  • Parcel #: 11-00-010-346

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 160
  • TaxExemptions: Senior Freeze,Senior Homestead,Veterans Disability

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Jan 27, 2025
Sold by
Travis Paula D
Bought by
Landry Lawrence E
Seller's Agent
Rhonda Mulvany
SOMER REAL ESTATE
Buyer's Agent
Anna Lange
SOMER REAL ESTATE
List Price
$59,900
Sold Price
$56,000
Premium/Discount to List
-$3,900
-6.51%
Views
12
Current Estimated Value
$68,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,631
Avg. Annual Appreciation
27.03%
Original Mortgage
$56,565
Outstanding Balance
$56,227
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$12,404

Purchase Details

Closed on
Aug 29, 2005
Sold by
Garner Richard K and Garner Lois G
Bought by
Travis Robert E and Travis Paula D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.89%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $17,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $56,565 New Conventional
Previous Owner $35,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $56,000 -6.5% $48 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $59,900 0.0% $52 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $59,900 -- $52 / 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 -- $25,390 $6,750 $18,640
2023 -- $23,730 $6,310 $17,420
2022 $160 $21,580 $5,740 $15,840
2021 $168 $20,160 $5,360 $14,800
2020 $167 $20,010 $5,320 $14,690
2019 $171 $19,170 $5,120 $14,050
2018 $171 $19,170 $5,120 $14,050
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Mulvany

    Seller's Agent in 2025

    Rhonda Mulvany

    SOMER REAL ESTATE

    (618) 267-5946

    117 in this area

    199 Total Sales

    Rhonda Mulvany
    Section Image

  • A

    Buyer's Agent in 2025

    Anna Lange

    SOMER REAL ESTATE

    Section Image
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Map

Source: RMLS Alliance

MLS Number: EB455958

RMLS Alliance

APN: 1100010346

Illinois Marion County Salem 62881

508 E Locust St, Salem, IL

Sold

Detached

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