$130,000
SOLD MAY 5, 2025

742 Palmer Ave Unit 2 Lincoln, IL 62656

4 Beds
-- Bath
1,944 Sq Ft
0.31 Acres

Recently Sold

$67 Per Sq Ft

About This Home

As of May 2025

Updated duplex each with a 1 car attached garage. 1 unit has a storage shed. Open concept duplex.

Last Agent to Sell the Property

Michael Simonson

Werth & Assoc, REALTORS Brokerage Phone: 217-735-3411 License #475130057 Listed on: 04/01/2025

Last Buyer's Agent

Michael Simonson

Werth & Assoc, REALTORS Brokerage Phone: 217-735-3411 License #475130057 Listed on: 04/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 80x120
  • Corner Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Bedrooms
  • 1,944 Sq Ft Home
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Lincoln Comm District #404 High School

Listing and Financial Details

  • Assessor Parcel Number 12-607-014-11

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,096

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1979
  • New Construction: No
  • Structure Type: One Story
  • PricePerSqFt: 66.87
  • Attribution Contact: Phone: 217-735-3411
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 4

Utilities

  • Heating: Natural Gas
  • Sewer: Private Sewer
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 2
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 2
  • NumberofWaterMeters: 1
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfDishwashers: 2

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Lincoln Comm District #404

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size: 80x120
  • Parcel #: 12-607-014-11

Tax Info

  • Tax Year: 23
  • Tax Annual Amount: 4095.94
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2025
Closed on
Apr 30, 2025
Sold by
Diers Joseph M and Diers Linda Sue
Bought by
Taylor Charles A and Taylor Susan M
Seller's Agent
Michael Simonson
Werth & Assoc, REALTORS
Buyer's Agent
Michael Simonson
Werth & Assoc, REALTORS
List Price
$130,000
Sold Price
$130,000
Views
2
Current Estimated Value
$132,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,587
Avg. Annual Appreciation
6.79%
Original Mortgage
$100,000
Outstanding Balance
$99,736
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$32,851
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 Type Sale Price Title Company
Warranty Deed $130,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $130,000 0.0% $67 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $130,000 -- $67 / 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 $4,290 $47,440 $8,050 $39,390
2023 $4,096 $43,920 $7,450 $36,470
2022 $3,983 $40,950 $6,950 $34,000
2021 $3,721 $38,130 $6,690 $31,440
2020 $3,728 $38,130 $6,690 $31,440
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Simonson

    Werth & Assoc, REALTORS

    (217) 737-7234

    57 Total Sales

    Michael Simonson
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Map

Source: RMLS Alliance

MLS Number: CA1035440

RMLS Alliance

APN: 12-607-014-11

Illinois Logan County Lincoln 62656

742 Palmer Ave Unit 2, Lincoln, IL

This home is located at 742 Palmer Ave Unit 2, Lincoln, IL 62656 and is currently priced at $130,000, approximately $66 per square foot. This property was built in 1979. 742 Palmer Ave Unit 2 is a home located in Logan County with nearby schools including Adams Elementary School, Central Elementary School, and Lincoln Junior 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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