NOT LISTED FOR SALE

508 E Locust St Salem, IL 62881

Estimated Value: $57,000 - $90,164

2 Beds
1 Bath
1,159 Sq Ft
$61/Sq Ft Est. Value

Last Sold January 31, 2025

Last sale price $56,000 $48 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $447/month

27 Days on Market

Highlights

  • Formal Dining Room
  • Porch
  • Bungalow
  • 1 Car Detached Garage
  • Living Room
  • Central Air

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 License #471004349 Listed on: 11/14/2024

Last Buyer's Agent

data change rules

MRED LLC

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
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,159 Sq Ft Home
  • Window Treatments
  • Living Room
  • Formal Dining Room

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Porch

Schools

  • Salem Elementary And Middle School
  • Salem Community High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Other Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$160

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Subdivision Name: None
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Geo E. Lester Add. Lots 6 and 7, Block 7
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: Full, Egress Window
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1159
  • Window Features: Window Treatments
  • Below Grade Bedrooms: 0
  • Dining Room: Separate

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Lot Features: Level
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Garage
  • ParkingTotal: 1

Utilities

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

Schools

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

Lot Info

  • Lot Size Acres: 0.36
  • Lot Dimensions: 115 x 140

Rental Info

  • Board Number: 29

Tax Info

  • Tax Annual Amount: 160
  • Tax Year: 2023
  • Tax Exemptions: Disabled Vet,Returning Vet,Senior

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
data change rules
MRED LLC
List Price
$59,900
Sold Price
$56,000
Premium/Discount to List
-$3,900
-6.51%
Views
12
Current Estimated Value
$70,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,791
Avg. Annual Appreciation
26.12%
Original Mortgage
$56,565
Outstanding Balance
$56,227
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$14,564

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 Buyer Sale Price Title Company
Landry Lawrence E -- None Listed On Document
Travis Robert E $17,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landry Lawrence E $56,565
Previous Owner Travis Robert E $35,000
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 -- -- --
11/14/2024 11/14/24 For Sale $59,900 -- $52 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB455958

Midwest Real Estate Data (MRED)

APN: 1100010346