NOT LISTED FOR SALE

509 S State St Lincoln, IL 62656

Estimated Value: $81,000 - $119,000

2 Beds
1 Bath
1,119 Sq Ft
$87/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $73,000 $65 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $621/month

Highlights

  • Fenced Yard
  • Porch
  • Shed
  • Northwest Elementary School Rated 9+
  • Patio
  • Ceiling Fan

About This Home

As of November 2021

As cute as they come! Darling two bedroom beautifully decorated vinyl/aluminum sided story and a half bungalow home! The main floor welcomes you home with its open living/dining concept, classy fully equipped kitchen, large bedroom with great floor space, and a nicely updated full hall bath. The upper level is host to a 35X9 bedroom/den -- your choice! Property also features a usable basement with laundry facilities, mechanicals, and great storage/work space, an expansive fenced backyard with a patio, detached garage with a large attached workshop/storage area, covered front porch, and all appliances to remain upon settlement for new owner(s) including washer and dryer. Sellers are also leaving two wall mounted televisions with home. The most unique feature? The two custom murals located on the privacy fencing that were done by the owner herself in recent years -- SO COOL! Sold as presented, this charming residential dwelling will leave you (and yours) wanting to call it home!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 08/30/2021

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 08/30/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $509

Year Built

  • Built in 1882

Lot Details

  • Fenced Yard

Parking

  • Garage

Interior Spaces

  • 1 Full Bathroom
  • 1.5-Story Property
  • Ceiling Fan
  • Blinds
  • Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed
  • Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$509

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1.5 Story
  • Legal Description: 12-2501 S 50 ft of W 2 ft lot 1 & S 50 ft lots 2 thru 5 blk 54 Knapp, Bird & Tinsley's Addn.
  • Lvt Date: 08/30/2021
  • Year Built: 1882
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Refrigerator, Range/Oven, Washer
  • Interior Amenities: Blinds, Ceiling Fan
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 12x20, On Level: Main, Flooring: Carpet
  • Basement Foundation: Block, Brick, Partial, Unfinished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 35x9, On Level: Upper, Flooring: Other
  • Bedroom 2 Egress Window: Yes
  • Formal Dining Room: Dimensions: 14x11, On Level: Main, Flooring: Carpet
  • Kitchen: Dimensions: 12x10, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining/Living Combo, Dining Formal
  • Laundry: On Level: Basement
  • Living Room: Dimensions: 14x12, On Level: Main, Flooring: Carpet
  • Total Basement Sq Ft: 550
  • Price Per Sq Ft: 65.24
  • Finished Sq Ft: 1119
  • Total Sq Ft: 1119
  • Finished Main Level Sq Ft: 804
  • Upper Level Finished Sq Ft: 315

Exterior Features

  • Exterior: Aluminum Siding, Vinyl Siding
  • Exterior Amenities: Fenced Yard, Patio, Porch, Shed
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, Alley
  • Garage Yn: Yes

Utilities

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

Lot Info

  • Estimated Lot Size: 50X162
  • Lot Description: Level
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 509.4
  • Parcel Id Number Tax Id: 12-504-005-60
  • Tax Exemptions: Homestead/Owner Occupied, Senior Freeze, Senior Homestead
  • Tax Year: 2020

MLS Schools

  • High School School District: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Nov 5, 2021
Sold by
Villarreal Manuel R and Villarreal Jan C
Bought by
Kragelund Oliver
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$79,900
Sold Price
$73,000
Premium/Discount to List
-$6,900
-8.64%
Current Estimated Value
$97,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,256
Avg. Annual Appreciation
7.51%
Original Mortgage
$70,500
Outstanding Balance
$64,619
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$32,637

Purchase Details

Closed on
Mar 31, 2016
Sold by
Villarreal Manuel R and Garza Jan C
Bought by
Villarreal Manuel R and Garza Jan C

Purchase Details

Listed on
Jun 26, 2014
Closed on
Mar 30, 2015
Sold by
West Theadora
Bought by
Villarreal Manuel and Garza Villarreal Jan C
Seller's Agent
Linda Barrick
IN BETWEEN OFFICES
List Price
$65,900
Sold Price
$50,000
Premium/Discount to List
-$15,900
-24.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%
Original Mortgage
$40,000
Interest Rate
3.88%
Mortgage Type
New Conventional
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
Kragelund Oliver $73,000 None Available
Villarreal Manuel R -- --
Villarreal Manuel $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kragelund Oliver $70,500
Previous Owner Villarreal Manuel $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $73,000 -2.5% $65 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
09/23/2021 09/23/21 Price Changed $74,900 -6.3% $67 / Sq Ft
08/30/2021 08/30/21 For Sale $79,900 +59.8% $71 / Sq Ft
03/30/2015 03/30/15 Sold $50,000 -24.1% $46 / Sq Ft View Prior Sale
01/17/2015 01/17/15 Pending -- -- --
06/26/2014 06/26/14 For Sale $65,900 -- $61 / 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 $1,307 $20,450 $4,730 $15,720
2023 $1,207 $18,940 $4,380 $14,560
2022 $1,134 $17,660 $4,080 $13,580
2021 $508 $17,010 $3,930 $13,080
2020 $509 $17,010 $3,930 $13,080
2019 $554 $16,670 $3,850 $12,820
2018 $497 $16,030 $3,700 $12,330
2017 $495 $16,030 $3,700 $12,330
2016 $500 $16,210 $3,740 $12,470
2015 $470 $16,460 $4,010 $12,450
2014 $470 $16,460 $4,010 $12,450
2013 $470 $15,190 $3,700 $11,490
2012 $470 $15,410 $3,750 $11,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1009556

RMLS Alliance

APN: 12-504-005-60