NOT LISTED FOR SALE

Salem, IL 62881

Estimated Value: $966,714

Studio
-- Bath
-- Sq Ft
0.77 Acres

Last Sold June 06, 2014

Last sale price $500,000

Est. 93% increase in value since last sale

Current estimated payment $6,310/month

About This Home

As of June 2014

Solid structure built in 2 phases - 1965 and 1975. Basement under original structure 5712 sq. ft. and not included in ''SF Total Apx''. 2/3 of basement finished as community room and offices. Facmility has infrastructure customary to a full service bank i.e. private offices, conference rooms, vaults etc. Facility is constructed in such a manner it is conducive to partitioning.Disclosure: South Addition 1975 on slab, original on basement.

Last Agent to Sell the Property

Jim Somer

SOMER REAL ESTATE License #471004184 Listed on: 06/06/2014

Last Buyer's Agent

Jim Somer

SOMER REAL ESTATE License #471004184 Listed on: 06/06/2014

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,400

Year Built

  • Built in 1965

Lot Details

  • 0.77

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$12,400

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Legal Description: RE Only
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Other Flooring, Tile/Vinyl
  • Half Basement: Walk Out
  • Total Sq Ft: 7637

Exterior Features

  • Exterior Finish: Brick, Block
  • Roof Construction: Asphalt/Fiberglass
  • Construction: Brick
  • Foundation: Basement, Slab

Garage/Parking

  • Numberparking Spaces Allocated: 30

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City
  • Gas Company: Salem
  • Water Company: Salem
  • Electric: 3 Phase

Association/Amenities

  • Additional Amenities: Emergency Lights
  • Amenities: Other Amenities

Lot Info

  • Estimated Number of Acres: 0.77
  • Zoning: Commercial
  • Estimated Land Size: 227x111 75x111
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Sale/Lease Other

Tax Info

  • Annual Taxes: 12400
  • Parcel Id Number Tax Id: 11-00-008-275
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jun 6, 2014
Sold by
Squibb T W and Squibb Kendra Ann
Bought by
Iuka State Bank
Seller's Agent
Jim Somer
SOMER REAL ESTATE
Buyer's Agent
Jim Somer
SOMER REAL ESTATE
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$966,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,714
Avg. Annual Appreciation
5.85%

Purchase Details

Listed on
Jul 18, 2012
Closed on
Aug 31, 2012
Sold by
First Bank
Bought by
Squibb T W
Seller's Agent
Jim Somer
SOMER REAL ESTATE
Buyer's Agent
Jim Somer
SOMER REAL ESTATE
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.31%

Purchase Details

Listed on
Jul 18, 2012
Closed on
Aug 30, 2012
Sold by
First Bank
Bought by
Squibb T W
Seller's Agent
Jim Somer
SOMER REAL ESTATE
Buyer's Agent
Jim Somer
SOMER REAL ESTATE
List Price
$200,000
Sold Price
$200,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Iuka State Bank $500,000 Larimer Abstract & Title
Squibb T W -- Larimer Abstract & Title
Squibb T W -- Larimer Abstract & Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2014 06/06/14 Sold $500,000 0.0% --
06/06/2014 06/06/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $500,000 +150.0% --
08/31/2012 08/31/12 Sold $200,000 0.0% -- View Prior Sale
07/18/2012 07/18/12 Pending -- -- --
07/18/2012 07/18/12 For Sale $200,000 -- --
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 $15,061 $204,390 $21,290 $183,100
2023 $15,124 $191,020 $19,900 $171,120
2022 $14,681 $173,650 $18,090 $155,560
2021 $14,396 $162,290 $16,910 $145,380
2020 $14,219 $161,050 $16,780 $144,270
2019 $14,016 $155,160 $16,170 $138,990
2018 $14,049 $155,160 $16,170 $138,990
2017 $13,916 $152,110 $15,850 $136,260
2016 $13,704 $143,500 $14,950 $128,550
2015 $131 $143,500 $14,950 $128,550
2012 $63 $69,860 $14,650 $55,210
Source: Public Records

Agents Affiliated with this Home

  • Jim Somer

    Seller's Agent in 2014

    Jim Somer

    SOMER REAL ESTATE

    (618) 267-5123

    8 in this area

    40 Total Sales

    Jim Somer
    Section Image
See All Agents

Source: RMLS Alliance

MLS Number: RMAEB326842

RMLS Alliance

APN: 1100008275

Illinois Marion County Salem

62881

Not Listed for Sale

Other

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