$62,000
SOLD NOV 8, 2024

508 S Marion Ave Salem, IL 62881

2 Beds
1 Bath
1,100 Sq Ft
0.41 Acres

Recently Sold

$56 Per Sq Ft

11% Below List Price

35 Days on Market

Highlights

  • Fenced Yard
  • Bungalow
  • Ceiling Fan
  • Detached Garage
  • Dining Room
  • Wood Burning Fireplace

About This Home

As of November 2024

Nice bungalow style home with 2 large bedrooms. Original hardwoods and original wood trimwork throughout, attractive woodburning fireplace. Original wood built-ins. Nice sized back yard with tall chain link fence making a safe place for children or pets to play! Covered front porch. Full basement with walkout for storage. Convenient location with no neighbors behind to give it a little bit o’ country feel!

Last Agent to Sell the Property

Penny Crain

SOMER REAL ESTATE Brokerage Phone: 618-548-5123 License #471008446 Listed on: 08/21/2024

Last Buyer's Agent

Rhonda Mulvany

SOMER REAL ESTATE License #471004349

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55

Year Built

  • Built in 1941

Lot Details

  • Lot Dimensions are 106 x 160
  • Fenced Yard
  • Sloped Lot

Parking

  • Detached Garage

Home Design

  • Bungalow
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 1,100 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Dining Room
  • Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Salem Elementary And Middle School
  • Salem Community High School

Utilities

  • Heating System Uses Gas

Community Details

  • Surveyor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11-00-017-245

Home Details

Home Type

Single Family

Est. Annual Taxes

$55

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1941
  • Architectural Style: Bungalow
  • New Construction: No
  • PricePerSqFt: 56.36
  • Attribution Contact: Phone: 618-548-5123
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1100
  • TotalBasementSqFt: 1040
  • KitchenDining: Dining Informal

Exterior Features

  • Lot Features: Sloped
  • Construction Type: Frame, Other
  • Exterior Features: Fenced Yard
  • Foundation Details: Poured Concrete
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Parking Features: Detached

Utilities

  • Heating: Gas, Central Air
  • Water Source: Public Sewer, Public
  • NumberOfGarageRemotes: 0

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: 106 x 160
  • Parcel #: 11-00-017-245

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 60
  • TaxExemptions: Homestead/Owner Occupied,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 7, 2024
Sold by
Clark Starlene L
Bought by
Abbott Josiah
Seller's Agent
Penny Crain
SOMER REAL ESTATE
Buyer's Agent
Rhonda Mulvany
SOMER REAL ESTATE
List Price
$69,900
Sold Price
$62,000
Premium/Discount to List
-$7,900
-11.3%
Views
22
Current Estimated Value
$70,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,009
Avg. Annual Appreciation
13.80%
Original Mortgage
$3,100
Outstanding Balance
$2,074
Interest Rate
0.8%
Mortgage Type
New Conventional
Estimated Equity
$67,935
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $62,000 T & K Title
Warranty Deed $62,000 T & K Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,100 New Conventional
Closed $3,100 New Conventional
Open $60,140 New Conventional
Closed $60,140 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $62,000 -4.6% $56 / Sq Ft
09/06/2024 09/06/24 Price Changed $65,000 -7.0% $59 / Sq Ft
08/21/2024 08/21/24 For Sale $69,900 -- $64 / 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 $55 $17,770 $2,310 $15,460
2023 $59 $16,610 $2,160 $14,450
2022 $63 $15,100 $1,960 $13,140
2021 $67 $14,110 $1,830 $12,280
2020 $66 $14,010 $1,820 $12,190
2019 $68 $12,840 $1,750 $11,090
2018 $68 $12,840 $1,750 $11,090
2017 $98 $12,590 $1,720 $10,870
2016 $100 $11,870 $1,620 $10,250
2015 $1 $11,870 $1,620 $10,250
2012 $6 $12,070 $1,580 $10,490
Source: Public Records

Agents Affiliated with this Home

  • Penny Crain

    Seller's Agent in 2024

    Penny Crain

    SOMER REAL ESTATE

    (618) 548-5123

    67 in this area

    125 Total Sales

    Penny Crain
    Section Image
  • Rhonda Mulvany

    Buyer's Agent in 2024

    Rhonda Mulvany

    SOMER REAL ESTATE

    (618) 267-5946

    117 in this area

    198 Total Sales

    Rhonda Mulvany
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: EB454784

RMLS Alliance

APN: 1100017245

Illinois Marion County Salem 62881

508 S Marion Ave, Salem, IL

This home is located at 508 S Marion Ave, Salem, IL 62881 and is currently priced at $62,000, approximately $56 per square foot. This property was built in 1941. 508 S Marion Ave 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.

Nearby Homes