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731 Palmer Ave, Lincoln, IL, 62656

$175,000

Home List Price

$2,078*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,064 SqFt
$164/SqFt
House

Location

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731 Palmer Ave, Lincoln$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Oversized
Garage3 spaces
Year Built1957
HeatingNatural Gas, Forced Air, Central
CoolingCeiling Fan(s)
BasementYes
MLS #CA1031801
Lot Size0.69 Acres
StatusActive

About 731 Palmer Ave

Situated on a massive 150X200 .69 acre lot on the edge of town is where you will find this rock solid incredibly well maintained 2-3 bedroom, 1.5 bath vinyl sided bungalow style home with ample garage space and an incredibly usable basement! Main floor of home awaits you (and yours) with its roomy front facing living room host to hardwood flooring, updated tiled equipped eat-in kitchen with an adjacent pantry, two comfortably sized bedrooms -- both with newer carpeting, and a beautifully renovated (2022) full hall bath. The full usable basement is host to laundry facilities, mechanicals, a large optional third bedroom (no egress) with an adjacent half bath (toilet as well as shower), and great storage/work space. Seeking garage space? This property features a 2+ car 33X21 detached garage as well as an additional 25X12 one car detached garage with an attached 25X12 rec room/enclosed porch! Property also features a fantastic floored lit attic, neat circular driveway, architectural roof, vinyl replacement windows, gutter guards (2022), NEW water heater (2024), and all appliances to remain upon settlement for new owner(s) including washer and dryer. Much to offer here -- expect to be impressed!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1957
  • Living Area: 1,064 SqFt

Listing Office:

  • Office Name: ME Realty
  • Listing Agent: Seth Goodman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Oven, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Interior: Attic Storage, Blinds, Ceiling Fan(s)

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Exterior: Outbuilding(s), Patio, Porch, Porch/3-Season, Replacement Windows

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached, Oversized

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.69 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Lincoln Community High School, Public District Grades 9-12
  • Lincoln Jr High School, Public District Grades 6-8
  • Central Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Property is located at 731 Palmer Avenue, Lincoln.

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
  • Price Per SqFt: $164/SqFt

Tax Information:

  • Annual Amount: $2,637
  • Tax Year: 2020
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Housing Market Comparison

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

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Lincoln, IL

City

Med. Sold Price

$119.3K

Med. Price/SqFt

$88

Avg. Days On Market

20

# of Sold Homes

27

731 Palmer Ave vs Lincoln

54 DAYS ON ROCKET

+34 Days

$175,000

+$55.7K More

$164/SqFt

+$76 More

KEY TAKEAWAY

This property is $55.7K more than the Median Sold Price and $76/SqFt more than other homes in Lincoln, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1031801

Listing Office:

  • Office Name: ME Realty
  • Listing Agent: Seth Goodman

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: 11/5/2024, 2:20:52 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$2,637$38,770
2019$2,526$38,010
2018$2,513$36,550
2017$1,144$36,550

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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.

Elementary School

school-card-donut-2123579
8
/10

  • Central Elementary School

  • 100 7th St

  • 1.07 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2123580
7
/10

  • Lincoln Jr High School

  • 208 Broadway St

  • 1.07 miles

  • Public District Grades 6-8

High School

school-card-donut-2123581
6
/10

  • Lincoln Community High School

  • 1000 Primm Rd

  • 2.00 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 $37,357. Residents of Lincoln, IL typically earn less than $35k each year. Typical family type is 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 731 Palmer Ave

What is the listing price of this property?

The listing price of 731 Palmer Ave property is $175,000.

What type of property is this?

The property 731 Palmer Ave is a house located in Lincoln, Illinois, 62656.

Is this property for sale now?

Active Listing: 731 Palmer 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 731 Palmer Ave are:
Central Elementary School: GreatSchools Rating 8/10
Lincoln Jr High School: GreatSchools Rating 7/10
Lincoln 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 $2,637 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 731 Palmer Ave has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 731 Palmer Ave is 1,064 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 731 Palmer Ave is 1957.

Rocket Homes›Illinois›Logan County›Lincoln›62656›731 Palmer Ave

This home is located at 731 Palmer Ave in Lincoln, IL and zip code 62656. This 1,064 square foot home, which was built in 1957, sits on a 0.69 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $175,000.

In October 2024 more than 10 listings in Lincoln, IL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 8 were sold below. The inventory of homes for sale in Lincoln, IL between September 2024 and October 2024 increased by 9.3%. The median list price of listings available in October 2024 was $119,300, while the average time on the real estate market was 20 days.

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

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