Well maintained ranch style home near town square and i57. Large living Room, large eat-in kitchen with large island and room for a dining table and chairs. Off the hall A large master bedroom with bathroom. Also off the hall two more bedrooms and the main bathroom. In addition, a 12x18 pole barn for storage, workshop or mancave. Refrigerator, Water heater, Stove ,Washer & Dryer 2.5 years new. Lifetime steel roof, newer HVAC excellent condition.
This property is $20K more than the Median Sold Price and $12/SqFt more than other homes in Benton, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RMLSA
MLS Number: #QC4256845
Listing Office:
Office Name: homecoin.com
Listing Agent: Jonathan Minerick
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.
$617
Per Month
Principal & Interest
$550
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
$396
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
3
/10
Benton Grade School K-4
1000 E McKenzie St
Distance between this listing and this school1.53 miles
Public District Grades PK-4
4
/10
Frankfort Intermediate School
800 N Cherry St
Distance between this listing and this school6.92 miles
Public District Grades 3-6
4
/10
Zeigler-Royalton Elementary School
PO Box 87
Distance between this listing and this school8.76 miles
Public District Grades PK-5
Nearby Schools
7
/10
Benton Grade School 5-8
1000 Forrest St
Distance between this listing and this school1.51 miles
Public District Grades 5-8
5
/10
Central Jr High School
1600 E 9th St
Distance between this listing and this school6.87 miles
Public District Grades 7-8
8
/10
Ewing-Northern Elementary School
51 N Main St
Distance between this listing and this school7.08 miles
Public District Grades PK-8
Nearby Schools
3
/10
Benton Consolidated High School
511 E Main St
Distance between this listing and this school0.90 miles
Public District Grades 9-12
2
/10
Frankfort Community High School
601 E Main St
Distance between this listing and this school7.32 miles
Public District Grades 9-12
3
/10
Christopher High School
1 Bearcat Dr
Distance between this listing and this school7.71 miles
The neighbors living near this home have an average income of $36,942. Most Benton, 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 505 W Reed St
What is the listing price of this property?
The listing price of 505 W Reed St property is $110,000.
What type of property is this?
The property 505 W Reed St is a house located in Benton, Illinois, 62812.
Is this property for sale now?
Active Listing: 505 W Reed 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 $731 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 505 W Reed St has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 505 W Reed St is 1,360 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 505 W Reed St is 1970.
This home is located at 505 W Reed St in Benton, IL and zip code 62812. This 1,360 square foot home was built in 1970. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $110,000.
In October 2024, from all listings sold in Benton, IL there were more than 4 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price. Between September 2024 and October 2024, Benton, IL real estate market has seen increase in the number of listings by 11.8%. In October 2024 median list price was $90,000 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.