NOT LISTED FOR SALE

638 E Main St Salem, IL 62881

Estimated Value: $88,455

-- Bed
-- Bath
-- Sq Ft
1.85 Acres

Last Sold July 31, 2015

Last sale price $50,000

Est. 77% increase in value since last sale

Current estimated payment $557/month

39 Days on Market

About This Home

As of July 2015

Great setup for welding, repair shop or automotive related business. Great opportunity for a group of car enthusiasts to get-together and ''chip in '' for an ultimate ''man cave'' to work on their vehicles or just hang out! 4 bays with overhead doors. 310' of total road frontage with a large corner lot and plenty of off-street parking. Almost 2 acres in a high traffic area with many possibilities.Disclosure: Underground storage tanks have been removed per EPA requirements ''No Further Remediation Letter'' issued, filed at Marion County Courthouse

Last Agent to Sell the Property

Lynn Gardner

JEFF DUNAHEE REALTY License #471001890 Listed on: 05/08/2015

Last Buyer's Agent

SUE HUELSKOETTER

JEFF DUNAHEE REALTY License #475133444

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1970

Lot Details

  • 1.85

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$2,533

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Legal Description: RE Only
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Half Basement: No Basement
  • Total Sq Ft: 1846

Exterior Features

  • Exterior Finish: Steel, Block
  • Roof Construction: Asphalt/Fiberglass
  • Construction: Block, Pole Barn
  • Foundation: Slab

Garage/Parking

  • Numberparking Spaces Allocated: 25

Utilities

  • Electric Company: Ameren
  • Cooling: None
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City
  • Gas Company: City of Salem
  • Water Company: City of Salem
  • Electric: 200 Amp Box

Association/Amenities

  • Additional Amenities: Overhead Doors

Lot Info

  • Estimated Number of Acres: 1.85
  • Geo Subdivision: IL
  • Irregular Lot: No

Rental Info

  • Sale Lease Includes: Sale/Lease Other

Tax Info

  • Annual Taxes: 2533
  • Parcel Id Number Tax Id: 1100017745 & 1100017755
  • Tax Incentive: None
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2015
Closed on
Jul 30, 2015
Sold by
Beckman Maurice H
Bought by
Rct Properties Llc
Seller's Agent
Lynn Gardner
JEFF DUNAHEE REALTY
Buyer's Agent
SUE HUELSKOETTER
JEFF DUNAHEE REALTY
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%
Current Estimated Value
$88,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,455
Avg. Annual Appreciation
5.77%
Original Mortgage
$35,889
Outstanding Balance
$28,970
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$59,485

Purchase Details

Listed on
May 8, 2015
Closed on
Jul 16, 2015
Sold by
Rauthenberg Beverly Jo and Vaughn Mary Louise
Bought by
Beckman Maurice H
Seller's Agent
Lynn Gardner
JEFF DUNAHEE REALTY
Buyer's Agent
SUE HUELSKOETTER
JEFF DUNAHEE REALTY
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,889
Outstanding Balance
$28,970
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$59,485
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rct Properties Llc -- --
Rct Properties Llc $50,000 --
Beckman Maurice H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rct Properties Llc $35,889
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $50,000 -9.1% --
06/16/2015 06/16/15 Pending -- -- --
05/08/2015 05/08/15 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 $3,922 $53,230 $38,950 $14,280
2023 $3,283 $41,470 $28,120 $13,350
2022 $3,187 $37,700 $25,560 $12,140
2021 $3,126 $35,240 $23,890 $11,350
2020 $3,088 $34,970 $23,710 $11,260
2019 $3,043 $33,690 $22,840 $10,850
2018 $3,051 $33,690 $22,840 $10,850
2017 $3,022 $33,030 $22,390 $10,640
2016 $2,976 $31,160 $21,120 $10,040
2015 $28 $31,160 $21,120 $10,040
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lynn Gardner

    JEFF DUNAHEE REALTY

  • S

    Buyer's Agent in 2015

    SUE HUELSKOETTER

    JEFF DUNAHEE REALTY

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAEB333352

RMLS Alliance

APN: 1100017746

Illinois Marion County Salem 62881

638 E Main St, Salem, IL

This home is located at 638 E Main St, Salem, IL 62881 since 08 May 2015 and is currently estimated at $88,455. This property was built in 1970. 638 E Main 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.

Nearby Homes