NOT LISTED FOR SALE

5110 Basom Rd Salem, IL 62881

Salem Area

Estimated Value: $82,637

10 Acres
$8,264 Price per Acre
435,600 Sq Ft Lot

Sale Details

Date Sold: March 11, 2021

Last sale price $50,000

Est. 65% increase in value since last sale

Current estimated payment $617 / mo

153 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.

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Parking

  • Shared Driveway

Schools

  • Salem Community High School

Utilities

  • Electricity To Lot Line

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Subdivision Name: None
  • Legal Description: NW NE NE
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: LotsLands

Garage/Parking

  • Parking Features: Shared Driveway

Utilities

  • Utilities: Electric to Site

Schools

  • High School: Salem Community High School

Lot Info

  • Lot Dimensions: 10 Ac.
  • Zoning: Resid

Tax Info

  • Tax Annual Amount: 12
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Current Estimated Value
$82,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,637
Avg. Annual Appreciation
10.07%
Original Mortgage
$40,000
Outstanding Balance
$35,116
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$49,379

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $50,000 -9.1% --
02/14/2021 02/14/21 Pending -- -- --
09/14/2020 09/14/20 For Sale $55,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,958 $162,760 $58,121 $104,639
2025 $1,918 $159,570 $56,982 $102,588
2023 $1,918 $153,375 $54,770 $98,605
2022 $1,907 $150,369 $53,697 $96,672
2021 $3,292 $268,708 $66,321 $202,387
2020 $1,845 $145,912 $52,106 $93,806
2019 $1,809 $143,052 $51,085 $91,967
2018 $1,735 $140,248 $50,084 $90,164
2017 $1,707 $137,499 $49,102 $88,397
2016 $1,644 $134,804 $48,140 $86,664
2015 $1,621 $132,781 $47,418 $85,363
2014 $1,578 $130,182 $46,490 $83,692
Source: Public Records

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB436149

Midwest Real Estate Data (MRED)

APN: 0730200024

Illinois Marion County Salem 62881

5110 Basom Rd, Salem, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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