Could this be the location for your new or expanding business? Or is this the ideal location for an apartment complex? Great road frontage with level ground. Five Acres near Interstate access.
Property Details
Property Features
Property Information:
Year Built: 1967
Living Area: 1,604 SqFt
Listing Office:
Office Name: DAVE THOMPSON REALTY
Office Phone: (618) 997-1111
Listing Agent: David Thompson
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Exterior: Residence
Lot Features
Lot Information:
Lot: Level
Lot Size: 5.00 Acres
Other
Directions Information:
Directions: North on Russell from Route 13
Price Information
Listing Price Info
Price Summary:
List Price: $445,000
Price Per SqFt: $277/SqFt
Tax Information:
Annual Amount: $1,331
Tax Year: 2020
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 Marion, IL.
This property is $259K more than the Median Sold Price and $164/SqFt more than other homes in Marion, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RMLSA
MLS Number: #EB450937
Listing Office:
Office Name: DAVE THOMPSON REALTY
Office Phone: (618) 997-1111
Listing Agent: David Thompson
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,288
Per Month
Principal & Interest
$2,221
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
$1,401
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
5
/10
Lincoln Elementary School
400 Morningside Dr
Distance between this listing and this school1.09 miles
Public District Grades KG-5
8
/10
Washington Elementary School
420 E Main St
Distance between this listing and this school1.39 miles
Public District Grades KG-5
5
/10
Jefferson Elementary School
700 E Boulevard St
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Nearby Schools
4
/10
Marion Jr High School
1609 W Main St
Distance between this listing and this school1.08 miles
Public District Grades 6-8
3
/10
Washington Middle School
100 E 12th St
Distance between this listing and this school5.40 miles
Public District Grades 5-8
8
/10
Herrin Middle School
700 S 14th St
Distance between this listing and this school5.78 miles
Public District Grades 6-8
Nearby Schools
4
/10
Marion High School
1501 S Carbon St
Distance between this listing and this school2.09 miles
Public District Grades 9-12
4
/10
Johnston City High School
1500 Jefferson Ave
Distance between this listing and this school5.66 miles
Public District Grades 9-12
5
/10
Herrin High School
700 N 10th St
Distance between this listing and this school6.25 miles
The neighbors living near this home have an average income of $26,624. Most Marion, IL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1607 N Russell St
What is the listing price of this property?
The listing price of 1607 N Russell St property is $445,000.
What type of property is this?
The property 1607 N Russell St is land located in Marion, Illinois, 62959.
Is this property for sale now?
Active Listing: 1607 N Russell St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,331 (source: MLS/based on county public records data).
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 1607 N Russell St in Marion, IL and zip code 62959. This 1,604 square foot home, which was built in 1967, sits on a 5.00 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 12, 2023 and is currently priced at $445,000.
In November 2024 more than 5 listings in Marion, IL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 22 were sold below. The number of listings in Marion, IL increased by 2.4% between October 2024 and November 2024. In November 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $186,000.
From Rocket Homes Real Estate and based on county public records data.