NOT LISTED FOR SALE

516 E Locust St Salem, IL 62881

Estimated Value: $41,000 - $96,000

2 Beds
1 Bath
1,120 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: January 3, 2024

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

Est. 6% decrease in value since last sale

Current estimated payment $499 / mo

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 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
  • Frame Construction
  • 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

8,015 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Architectural Style: Ranch
  • New Construction: No
  • 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
  • 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

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 21, 2023
Closed on
Jan 3, 2024
Sold by
Bought by
Seller's Agent
DeeAnn Arey
MIDWEST FARM & LAND
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
$76,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,203
Avg. Annual Appreciation
-2.70%
Original Mortgage
$3,260
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2019
Sold by
Bought by

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
Bought by
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
10.28%

Purchase Details

Listed on
Jul 13, 2015
Closed on
Jul 13, 2015
Sold by
Bought by
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
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$81,500 Near North Title
$54,000 Larimer Abstract & Title
-- Wheatland Title
-- Wheatland Title
$22,500 None Available
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
Closed $3,260
Open $80,023
Previous Owner $51,300
Previous Owner $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 Prior Sale
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 View Prior Sale
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

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
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

    (303) 646-7867

    15 in this area

    209 Total Sales

    DeeAnn Arey
    Section Image
  • Melissa Jarrell

    Buyer's Agent in 2024

    Melissa Jarrell

    Equity Realty Group

    (618) 927-6342

    40 in this area

    105 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

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RMLS Alliance 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.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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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