$40,000
SOLD SEP 20, 2024

512 7th St Lincoln, IL 62656

2 Beds
1 Bath
1,520 Sq Ft
10,759 Sq Ft Lot

Recently Sold

$26 Per Sq Ft

20% Below List Price

68 Days on Market

Highlights

  • 2 Car Detached Garage
  • Porch
  • Forced Air Heating System
  • Central Elementary School Rated A-
  • Eat-In Kitchen

About This Home

As of September 2024

This home located in the heart of Historic Lincoln, IL! From the brick lined street out front to the 2 car garage potential for this property is massive! The home offers marvelous hardwood trim and floors throughout it's spacious living areas. Hurry so you don't miss the huge potential for sweat equity this property offers!

Last Agent to Sell the Property

Joe Tetzlaff

RE/MAX Professionals Brokerage Phone: 217-416-3481 License #471000757 Listed on: 06/19/2024

RE/MAX Professionals

Last Buyer's Agent

Non-Member Agent RMLSA

Non-MLS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1892

Lot Details

  • Lot Dimensions are 55x190
  • Sloped Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,520 Sq Ft Home
  • 1.5-Story Property
  • Eat-In Kitchen
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Lincoln High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1235000900

Home Details

Home Type

Single Family

Year Built

Built in 1892

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1892
  • Architectural Style: One and Half Story
  • New Construction: No
  • PricePerSqFt: 26.32
  • Attribution Contact: Mobl: 217-416-3481
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1520
  • TotalBasementSqFt: 780
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Sloped
  • Road Surface Type: Other
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: Gas, Forced Air, Gas Water Heater, Central Air
  • Water Source: Public Sewer, Public
  • UtilitiesOnYN: No

Condo/Co-op/Association

  • Senior Community: No

Schools

  • High School: Lincoln

Lot Info

  • Lot Size: 55x190
  • Parcel #: 1235000900

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2941.84
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Sep 13, 2024
Sold by
Us Bank Na Ttee
Bought by
Tippet Mark and Tippet Josiah
Seller's Agent
Joe Tetzlaff
RE/MAX Professionals
Buyer's Agent
Non-Member Agent RMLSA
Non-MLS
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%
Views
120
Current Estimated Value
$88,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,956
Avg. Annual Appreciation
120.89%
Original Mortgage
$32,000
Outstanding Balance
$31,793
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$54,487

Purchase Details

Closed on
Jun 10, 1998
Bought by
Vandeventer Phyleta Ann
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
Special Warranty Deed $40,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $32,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $40,000 -10.9% $26 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $44,900 -10.0% $30 / Sq Ft
06/19/2024 06/19/24 For Sale $49,900 -- $33 / 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 $3,059 $33,820 $7,420 $26,400
2023 $1,770 $31,310 $6,870 $24,440
2022 $1,770 $29,200 $6,410 $22,790
2021 $1,670 $28,110 $6,170 $21,940
2020 $1,448 $28,110 $6,170 $21,940
2019 $1,617 $27,560 $6,050 $21,510
2018 $1,267 $26,500 $5,820 $20,680
2017 $1,260 $26,500 $5,820 $20,680
2016 $1,229 $26,810 $5,890 $20,920
2015 $1,361 $27,360 $5,670 $21,690
2014 $1,361 $27,360 $5,670 $21,690
2013 $1,361 $25,250 $5,230 $20,020
2012 $1,361 $25,620 $5,310 $20,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1029909

RMLS Alliance

APN: 12-350-009-00