$900,000
SOLD DEC 20, 2024

511 E Olive St Decatur, IL 62526

Martin Luther King Neighborhood
4 Beds
1 Bath
1,546 Sq Ft
5,600 Sq Ft Lot

Recently Sold

$582 Per Sq Ft

3% Below List Price

49 Days on Market

Highlights

  • Window Unit Cooling System
  • Bungalow
  • Heating System Uses Gas

About This Home

As of December 2024

INVESTOR ALERT! This package includes 25 properties all located in Decatur. All are currently rented, 9 properties are Section 8 tenants. Properties included are 1408 E Olive, 450 E Olive, 443 E Olive, 527 E Olive, 263 E Olive, 451 E Olive, 545 S 19th St, 1173 E Harrison, 1854 N Maple, 1420 E Division, 1605 N Walnut Grove, 2121 W Waggoner, 1057 W Howard, 1645 N Monroe, 645 W Sawyer, 1565 N Wilson, 1023 S Silas, 1075 S Silas, 913 W View, 1789 N Lowber, 825 E Lincoln, 1201 W King, 1404 E Cantrell, 2002 N College Will be sold as a package only. Current annual net rent roll $165,390.27

Last Agent to Sell the Property

Sandra Yelovich

Brinkoetter REALTORS® License #475180564 Listed on: 08/08/2024

Last Buyer's Agent

Austin Deaton

Brinkoetter REALTORS® License #475198953

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $701

Year Built

  • Built in 1885

Lot Details

  • 5,600 Sq Ft Lot

Home Design

  • Bungalow
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • No Kitchen Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Ha Woods Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-12-11-108-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$701

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1546.0
  • Lot Size Acres: 0.13
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Subdivision Name: Ha Woods Add
  • Year Built: 1885
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 773.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, None
  • Has Basement: Unfinished, Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Aluminum Siding
  • Roof: Asphalt
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 5600.0
  • Parcel #: 04-12-11-108-010
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 700.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2019
Sold by
Nims Real Estate Group Inc
Bought by
J J & Cc Enterprises Llc
Current Estimated Value
$396,569

Purchase Details

Closed on
Aug 31, 2015
Sold by
Hassan Alaa
Bought by
Loftis Central Illinois Llc

Purchase Details

Closed on
Aug 27, 2015
Sold by
Bpw Group Llp and Pelligrino Scott
Bought by
Hassan Alla

Purchase Details

Closed on
Aug 1, 2015
Source: Public Records

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Range of Values:

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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 $21,000 None Available
Warranty Deed $290,000 None Available
Warranty Deed $186,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $72,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $900,000 -2.6% $582 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $924,000 0.0% $598 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $924,000 +926.7% $598 / Sq Ft
06/02/2024 06/02/24 Sold $90,000 -10.0% $58 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
12/12/2023 12/12/23 For Sale $100,000 +1566.7% $65 / Sq Ft
02/23/2018 02/23/18 Sold $6,000 -69.8% $4 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
02/13/2017 02/13/17 For Sale $19,900 -- $13 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $706 $7,297 $319 $6,978
2023 $701 $7,039 $308 $6,731
2022 $383 $3,742 $312 $3,430
2021 $360 $3,494 $291 $3,203
2020 $68 $636 $100 $536
2019 $68 $636 $100 $536
2018 $370 $3,522 $177 $3,345
2017 $379 $3,616 $182 $3,434
2016 $386 $3,653 $184 $3,469
2015 $367 $3,589 $181 $3,408
2014 $343 $3,553 $179 $3,374
2013 $352 $3,687 $186 $3,501
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sandra Yelovich

    Brinkoetter REALTORS®

    (217) 855-1196

    3 in this area

    170 Total Sales

    Sandra Yelovich
    Section Image
  • Jillian Williams

    Seller's Agent in 2024

    Jillian Williams

    Main Place Real Estate

    (217) 422-3335

    3 in this area

    130 Total Sales

    Jillian Williams
    Section Image
  • Austin Deaton

    Buyer's Agent in 2024

    Austin Deaton

    Brinkoetter REALTORS®

    (217) 620-1843

    2 in this area

    152 Total Sales

    Austin Deaton
    Section Image
  • Kathy James

    Seller's Agent in 2018

    Kathy James

    Cutting Edge Realty

    (217) 979-9463

    27 Total Sales

    Kathy James
    Section Image
See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6243987

APN: 04-12-11-108-010

Illinois Macon County Decatur 62526 Martin Luther King

511 E Olive St, Decatur, IL

This home is located at 511 E Olive St, Decatur, IL 62526 and is currently priced at $900,000, approximately $582 per square foot. This property was built in 1885. 511 E Olive St is a home located in Macon County with nearby schools including Hope Academy.

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