The substantial 12.56± acres in the up-and-coming west side of Salem present significant development potential. The convenience of readily available utilities at the N. Hotze entrance and accessibility from US HWY 50 adds a notable advantage. Furthermore, its proximity just minutes away from the interstate within the I-57 interchange business district enhances opportunities for growth and increased visibility, making it an appealing prospect for potential development endeavors.
Property Details
Property Features
Listing Office:
Office Name: Property Peddler Inc
Office Phone: (618) 473-2500
Listing Agent: MELISSA JARRELL
Lot Features
Lot Information:
Lot: Agricultural
Lot Size: 12.56 Acres
Other
Directions Information:
Directions: From Interstate 57 go West to Hotze Rd, turn North, follow around to Mills cart Rd, property on the south side of road.
Price Information
Listing Price Info
Price Summary:
List Price: $695,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Salem, IL.
This property is $555.5K more than the Median Sold Price in Salem, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RMLSA
MLS Number: #EB451860
Listing Office:
Office Name: Property Peddler Inc
Office Phone: (618) 473-2500
Listing Agent: MELISSA JARRELL
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,536
Per Month
Principal & Interest
$3,469
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,150
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Hawthorn Elementary School
1300 Bobcat Cir
Distance between this listing and this school2.08 miles
Public District Grades KG-3
3
/10
Sandoval Elementary School
300 E Perry Ave
Distance between this listing and this school6.72 miles
Public District Grades PK-6
3
/10
Jordan Elementary School
311 Airport Rd
Distance between this listing and this school9.07 miles
Public District Grades 2-3
Nearby Schools
8
/10
Franklin Park Middle School
1325 N Franklin St
Distance between this listing and this school2.22 miles
Public District Grades 4-8
4
/10
Selmaville Elementary School
3185 Selmaville Rd
Distance between this listing and this school2.49 miles
Public District Grades KG-8
3
/10
Odin Attendance Center K-8
102 S Merritt St
Distance between this listing and this school3.44 miles
Public District Grades PK-8
Nearby Schools
6
/10
Salem Community High School
1200 N Broadway Ave
Distance between this listing and this school2.80 miles
Public District Grades 9-12
2
/10
Odin Attendance Center 9-12
102 S Merritt St
Distance between this listing and this school3.44 miles
Public District Grades 9-12
2
/10
Sandoval Sr High School
859 W Missouri Ave
Distance between this listing and this school7.50 miles
The neighbors living near this home have an average income of $39,803. Residents of Salem, IL typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 00 Mills Cart Rd
What is the listing price of this property?
The listing price of 00 Mills Cart Rd property is $695,000.
What type of property is this?
The property 00 Mills Cart Rd is land located in Salem, Illinois, 62881.
Is this property for sale now?
Active Listing: 00 Mills Cart Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 00 Mills Cart Rd in Salem, IL and zip code 62881. This home sits on a 12.56 acre lot. It has been listed on Rocket Homes since January 11, 2024 and is currently priced at $695,000.
In October 2024 more than 4 listings in Salem, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below. In October 2024 in Salem, IL there were 14.6% more homes for sale than in September 2024. In October 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $139,500.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Hunting
Hunting
Monster Trucks
NASCAR
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Ram
Chevrolet
GMC
Classic Country
New Country