2 months on rocket

520 Cottonwood Dr, Salem, IL, 62881

$260,000

Home List Price

$3,088*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,770 SqFt
$147/SqFt
House

Location

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520 Cottonwood Dr, Salem$260,000

Buyer Closing Credits

$3,088*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached
Attached Garage2 spaces
Year Built1983
HeatingForced Air, Central
BasementYes
MLS #EB454542
Lot Size0.33 Acres
StatusActive

About 520 Cottonwood Dr

!!Seller is offering a Home Warranty to the buyer, and offing a $5,000 credit to the buyer for closing costs!! Welcome to your dream home in Salem, IL! This stunning 3-bedroom, 2.5-bathroom gem has been beautifully updated and is ready for you to move in and enjoy. Step inside to discover a completely remodeled kitchen featuring modern finishes and appliances, perfect for cooking and entertaining. All bathrooms have been updated, providing a fresh and contemporary feel. New flooring throughout the home adds to the clean, inviting atmosphere. The finished partial basement offers extra living space, perfect for a family room, home office, or play area, and an attached heated and cooled 2 car garage. The exterior of the home has been just as meticulously cared for, with a new roof, siding, and front windows ensuring durability and curb appeal. A new front door and elegant French doors enhance the home's charm and lead you to a backyard paradise. Outside, you'll find a spacious deck surrounding an above ground pool with furniture already there that stays with the home, a nice concrete patio, ideal for summer gatherings and relaxation, and two extra lots to add to the great sized yard. This must-see home is located in a friendly neighborhood, close to all the amenities Salem has to offer. Don’t miss out on this incredible opportunity—schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: One and Half Story
  • Year Built: 1983
  • Living Area: 1,770 SqFt

Listing Office:

  • Office Name: Real Broker LLC
  • Listing Agent: JOSEPH PURDY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Oven, Refrigerator
  • Basement: Yes
  • Interior: Bar, Garage Door Opener(s), High Speed Internet, Hot Tub

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio, Pool Above Ground, Shed(s)

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Central

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: 520 cottonwood dr salem il

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $2,945
  • 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

21

# of Sold Homes

4

520 Cottonwood Dr vs Salem

80 DAYS ON ROCKET

+59 Days

$260,000

+$125K More

$147/SqFt

+$51 More

KEY TAKEAWAY

This property is $125K more than the Median Sold Price and $51/SqFt more than other homes in Salem, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #EB454542

Listing Office:

  • Office Name: Real Broker LLC
  • Listing Agent: JOSEPH PURDY

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: 10/22/2024, 11:20:52 AM 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$2,945$39,360
2019$2,884$37,920
2018$2,890$37,920
2017$30$38,430

History based on county public records data.

Payment Calculator

$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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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-535944
8
/10

  • Franklin Park Middle School

  • 1325 N Franklin St

  • 1.11 miles

  • Public District Grades 4-8

High School

school-card-donut-535945
6
/10

  • Salem Community High School

  • 1200 N Broadway Ave

  • 0.79 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 $49,659. Most Salem, IL residents have annual incomes less than $35k. The most common type of family is married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 520 Cottonwood Dr

What is the listing price of this property?

The listing price of 520 Cottonwood Dr property is $260,000.

What type of property is this?

The property 520 Cottonwood Dr is a house located in Salem, Illinois, 62881.

Is this property for sale now?

Active Listing: 520 Cottonwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 520 Cottonwood Dr 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 $2,945 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 520 Cottonwood Dr has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 520 Cottonwood Dr is 1,770 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 Cottonwood Dr is 1983.

Rocket Homes›Illinois›Marion County›Salem›62881›520 Cottonwood Dr

This home is located at 520 Cottonwood Dr in Salem, IL and zip code 62881. This 1,770 square foot home, which was built in 1983, sits on a 0.33 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 03, 2024 and is currently priced at $260,000.

While more than 1 listings in Salem, IL in September 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below. In September 2024 in Salem, IL there were 14.6% less homes for sale than in August 2024. In September 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $135,000.

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

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