28 days on rocket

508 S Marion Ave, Salem, IL, 62881

$65,000

Home List Price

$772*

Closing Credit

2 Bedrooms
1 Full Bath
1,100 SqFt
$59/SqFt
House

Location

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508 S Marion Ave, Salem$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Year Built1941
HeatingNatural Gas, Central
CoolingCeiling Fan(s)
BasementYes
FireplaceWood Burning
MLS #EB454784
StatusActive

About 508 S Marion Ave

Nice bungalow style home with 2 large bedrooms. Original hardwoods and original wood trimwork throughout, attractive woodburning fireplace. Original wood built-ins. Nice sized back yard with tall chain link fence making a safe place for children or pets to play! Covered front porch. Full basement with walkout for storage. Convenient location with no neighbors behind to give it a little bit o’ country feel!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1941
  • Living Area: 1,100 SqFt

Listing Office:

  • Office Name: SOMER REAL ESTATE
  • Office Phone: (618) 548-5123
  • Listing Agent: Penelope Crain

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator
  • Basement: Yes
  • Interior: Ceiling Fan(s)
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Fenced Yard

Parking Information:

  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Sloped

Utilities

Utilities Information:

  • Heating: Natural Gas, Central
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Salem Community High School, Public District Grades 9-12
  • Franklin Park Middle School, Public District Grades 4-8

Other

Directions Information:

  • Directions: From East Main Street turn South on Marion to property on E side of road

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $66
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Salem, IL.

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Salem, IL

City

Med. Sold Price

$135K

Med. Price/SqFt

$96

Avg. Days On Market

25

# of Sold Homes

12

508 S Marion Ave vs Salem

28 DAYS ON ROCKET

+3 Days

$65,000

-$70K Less

$59/SqFt

-$37 Less

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $37/SqFt less than other homes in Salem, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #EB454784

Listing Office:

  • Office Name: SOMER REAL ESTATE
  • Office Phone: (618) 548-5123
  • Listing Agent: Penelope Crain

IDX 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/18/2024, 8:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$66$14,010
2019$68$12,840
2018$34$12,840
2017$1$12,590

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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.

Middle School

school-card-donut-3228260
8
/10

  • Franklin Park Middle School

  • 1325 N Franklin St

  • 1.32 miles

  • Public District Grades 4-8

High School

school-card-donut-3228261
6
/10

  • Salem Community High School

  • 1200 N Broadway Ave

  • 0.98 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,066. Most Salem, IL residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 S Marion Ave

What is the listing price of this property?

The listing price of 508 S Marion Ave property is $65,000.

What type of property is this?

The property 508 S Marion Ave is a house located in Salem, Illinois, 62881.

Is this property for sale now?

Active Listing: 508 S Marion Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 508 S Marion Ave are:
Franklin Park Middle School: GreatSchools Rating 8/10
Salem Community High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $66 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 508 S Marion Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 508 S Marion Ave is 1,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 S Marion Ave is 1941.

Rocket Homes›Illinois›Marion County›Salem›62881›508 S Marion Ave

This home is located at 508 S Marion Ave in Salem, IL and zip code 62881. This 1,100 square foot home was built in 1941. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $65,000.

In August 2024 more than 3 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 7 were sold below. In August 2024 in Salem, IL there were 11.4% more homes for sale than in July 2024. Listings spent 25 days on the market in August 2024, and had a median list price of $135,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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