NOT LISTED FOR SALE

516 E Locust St Salem, IL 62881

Estimated Value: $72,000 - $94,089

2 Beds
1 Bath
1,120 Sq Ft
$73/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $81,500 $73 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $530/month

55 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Porch
  • Corner Lot
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of January 2024

Come see this super cute 2 bed/1 bath home with an inviting front porch and huge private fenced in back yard! The home features a open living room and dining room with lots of natural light! The majority of the home features the original hardwoods. The bathroom and kitchen have luxury vinyl. The basement has 875 extra unfinished sq feet, and has room for an additional bathroom. There is also a full unfinished attic that can easily be another 1 to 2 bedrooms.

Last Agent to Sell the Property

DeeAnn Arey

Midwest Farm & Land Co. LLC Brokerage Phone: 303-646-7867 License #475199304 Listed on: 09/21/2023

Last Buyer's Agent

Melissa Jarrell

Equity Realty Group License #475204551

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 57 x 140
  • Fenced Yard
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Unfinished Basement
  • Partial Basement
  • Storage In Attic

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Hawthorn Elementary School
  • Franklin Middle School
  • Salem Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • George E Lester Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1100010355

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,019

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Architectural Style: Ranch
  • New Construction: No
  • PricePerSqFt: 72.77
  • Age55PlusDevelopment: No
  • Attribution Contact: Pref: 303-646-7867
  • Special Features: None

Interior Features

  • Appliances: Microwave, Range/Oven
  • Basement: Partial, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Storage, Cable Available, Ceiling Fan(s), Window Treatments
  • Living Area: 1120
  • TotalBasementSqFt: 875
  • KitchenDining: Dining/Living Combo

Exterior Features

  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • Construction Type: Frame, Aluminum Siding
  • Exterior Features: Fenced Yard, Porch
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Heating: Gas, Forced Air, Central Air
  • Water Source: Public Sewer, Public
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • MandatoryMonthlyFee: No

Schools

  • Elementary School: Hawthorn
  • High School: Salem Community High School
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Size: 57 x 140
  • Additional Parcels Description: none
  • Parcel #: 1100010355
  • ZonedAgricultural: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1018.76
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Jan 3, 2024
Sold by
Hedlund Kent Douglas and Hedlund Patricia Sue
Bought by
Smith Andrew
Seller's Agent
DeeAnn Arey
Midwest Farm & Land Co. LLC
Buyer's Agent
Melissa Jarrell
Equity Realty Group
List Price
$85,000
Sold Price
$81,500
Premium/Discount to List
-$3,500
-4.12%
Views
224
Current Estimated Value
$82,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$772
Avg. Annual Appreciation
-7.76%
Original Mortgage
$3,260
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2019
Sold by
Conner Jordan A and Conner Joy Dice
Bought by
Hedlund Kent Douglas and Swenson Hedlund Patricia Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,300
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 6, 2015
Sold by
Federal National Mortgage Association
Bought by
Dice Joy R
Seller's Agent
Mark Miller
Hudson Realtors
Buyer's Agent
Stacey Russell, CSC
JEFF DUNAHEE REALTY
List Price
$24,900
Sold Price
$26,500
Premium/Discount to List
$1,600
6.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%

Purchase Details

Listed on
Jul 13, 2015
Closed on
Jul 13, 2015
Sold by
Marion County Sheriff
Bought by
Federal National Mortgage Association
Seller's Agent
Mark Miller
Hudson Realtors
Buyer's Agent
Stacey Russell, CSC
JEFF DUNAHEE REALTY
List Price
$24,900
Sold Price
$26,500
Premium/Discount to List
$1,600
6.43%

Purchase Details

Closed on
Mar 26, 2007
Sold by
Crouch Robert C
Bought by
Mcintosh Ricky L and Mcintosh Amanda J

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
6.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smith Andrew $81,500 Near North Title
Hedlund Kent Douglas $54,000 Larimer Abstract & Title
Dice Joy R -- Wheatland Title
Federal National Mortgage Association -- Wheatland Title
Mcintosh Ricky L $22,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Smith Andrew $3,260
Open Smith Andrew $80,023
Previous Owner Hedlund Kent Douglas $51,300
Previous Owner Mcintosh Ricky L $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $81,500 -4.1% $73 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $85,000 +220.8% $76 / Sq Ft
08/11/2015 08/11/15 Sold $26,500 +6.4% $24 / Sq Ft
08/06/2015 08/06/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $24,900 -- $22 / 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 $1,124 $21,250 $3,380 $17,870
2023 $1,097 $19,860 $3,160 $16,700
2022 $1,019 $18,050 $2,870 $15,180
2021 $964 $16,870 $2,680 $14,190
2020 $949 $16,750 $2,660 $14,090
2019 $925 $16,240 $2,560 $13,680
2018 $927 $16,240 $2,560 $13,680
2017 $908 $15,920 $2,510 $13,410
2016 $875 $15,020 $2,370 $12,650
2015 $14 $15,020 $2,370 $12,650
2012 $13 $14,400 $2,330 $12,070
Source: Public Records

Agents Affiliated with this Home

  • DeeAnn Arey

    Seller's Agent in 2024

    DeeAnn Arey

    Midwest Farm & Land Co. LLC

    (303) 646-7867

    15 in this area

    178 Total Sales

    DeeAnn Arey
    Section Image
  • Melissa Jarrell

    Buyer's Agent in 2024

    Melissa Jarrell

    Equity Realty Group

    (618) 927-6342

    27 in this area

    67 Total Sales

    Melissa Jarrell
    Section Image

  • M

    Seller's Agent in 2015

    Mark Miller

    Hudson Realtors

  • S

    Buyer's Agent in 2015

    Stacey Russell, CSC

    JEFF DUNAHEE REALTY

See All Agents

Map

Source: RMLS Alliance

MLS Number: EB450687

RMLS Alliance

APN: 1100010355

Illinois Marion County Salem 62881

516 E Locust St, Salem, IL

This home is located at 516 E Locust St, Salem, IL 62881 since 21 September 2023 and is currently estimated at $82,272, approximately $73 per square foot. This property was built in 1940. 516 E Locust St is a home located in Marion County with nearby schools including Franklin Park Middle School, Hawthorn Elementary School, and Salem Community High School.

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.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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