NOT LISTED FOR SALE

5110 Basom Rd Salem, IL 62881

Estimated Value: $81,447

10 Acres
$8,145 Price per Acre
435,600 Sq Ft Lot

Last Sold March 11, 2021

Last sale price $50,000

Est. 63% increase in value since last sale

Current estimated payment $429/month

154 Days on Market

About This Lot

As of March 2021

This is a great little property only 4 miles from Salem IL. There are multiple home sites for a family to build their dream home or even a home builder looking to build multiple homes for resale. The property has a possible location for a 1-2 acre pond. I found lots of deer and turkey sign while walking the property and you can see why the property sits right in the middle of a big piece of timber.

Last Agent to Sell the Property

Shane Yearian

Trophy Properties & Auction License #475139684 Listed on: 09/14/2020

Last Buyer's Agent

Shane Yearian

Trophy Properties & Auction License #475139684 Listed on: 09/14/2020

Property Details

Property Type

  • Land

Lot Details

Schools

  • Salem High School

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Lots/Acres/Farms
  • Type: Acres
  • Legal Description: NW NE NE
  • Lvt Date: 09/14/2020
  • Miscellaneous: Close To Shopping
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Access: Shared Access

Utilities

  • Water Sewer: Public Water
  • Utilities Available: Electricity/Lot Line

Schools

  • High School: Salem

Lot Info

  • Estimated Lot Size: 10 Ac.
  • Lot Description: Timber/Partial
  • Zoning: Residential
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 12
  • Parcel Id Number Tax Id: 0730200024
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
Mar 11, 2021
Sold by
Brown Tim and Brown Michelle
Bought by
Troutt Dustin W and Troutt Dawn M
Seller's Agent
Shane Yearian
Trophy Properties & Auction
Buyer's Agent
Shane Yearian
Trophy Properties & Auction
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Current Estimated Value
$81,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,447
Avg. Annual Appreciation
10.65%
Original Mortgage
$40,000
Outstanding Balance
$35,857
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$45,590

Purchase Details

Closed on
May 3, 2019
Sold by
Moody Vicki Sue
Bought by
Brown Tim and Brown Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.75%
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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Purchase History

Date Buyer Sale Price Title Company
Troutt Dustin W $50,000 Quad County Title
Brown Tim $50,000 Quad County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troutt Dustin W $40,000
Previous Owner Brown Tim $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $50,000 -9.1% --
02/15/2021 02/15/21 Pending -- -- --
09/14/2020 09/14/20 For Sale $55,000 -- --
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 $35 $572 $572 $0
2023 $32 $496 $496 $0
2022 $30 $426 $426 $0
2021 $26 $363 $363 $0
2020 $22 $305 $305 $0
2019 $19 $253 $253 $0
2018 $16 $205 $205 $0
2017 $13 $162 $162 $0
2016 $10 $123 $123 $0
2015 $0 $87 $87 $0
2012 $0 $51 $51 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shane Yearian

    Trophy Properties & Auction

See All Agents

Map

Source: RMLS Alliance

MLS Number: EB436149

RMLS Alliance

APN: 0730200024

Illinois Marion County Salem 62881

5110 Basom Rd, Salem, IL

Not Listed for Sale

Lots

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