7221 Highway 40
Altamont, IL 62411
3 bd 3 ba 1,900 sqft Built 1975 Lot 87,120 sqft single_family
Most recent sale
$231,000
Apr 15, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 15, 2024 | Sold | $231,000 | MRED |
| Mar 21, 2024 | Listing removed | — | CentralIllinois |
| Nov 15, 2023 | Price changed | $249,900 | MRED |
| Sep 18, 2023 | Listed | $259,900 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $51,100 | $3,970 | $55,070 | $3,301 |
| 2022 | $53,840 | $3,280 | $57,120 | $2,906 |
| 2021 | $53,840 | $3,280 | $57,120 | $2,804 |
| 2020 | $53,520 | $3,260 | $56,780 | $2,773 |
| 2019 | $51,460 | $3,130 | $54,590 | $2,660 |
| 2018 | $49,480 | $3,010 | $52,490 | $2,592 |
| 2017 | $47,810 | $2,910 | $50,720 | $2,515 |
| 2016 | $46,870 | $2,850 | $49,720 | $2,483 |
| 2015 | $44,220 | $2,690 | $46,910 | $2,395 |
| 2014 | $43,350 | $2,640 | $45,990 | $2,207 |
| 2013 | $43,350 | $2,640 | $45,990 | $2,181 |
| 2012 | $43,350 | $2,640 | $45,990 | $2,280 |
| 2010 | $41,680 | $2,540 | $44,220 | $2,076 |
| 2009 | $41,270 | $2,510 | $43,780 | $2,030 |
| 2008 | $39,300 | $2,390 | $41,690 | $1,952 |
| 2007 | $38,530 | $2,340 | $40,870 | $1,906 |
Property facts
Year built
1975
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,900 sqft
Lot size
87,120 sqft
ZIP code
62411
City
Altamont
Street
Highway 40
Coordinates
39.07930, -88.66702
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,386
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 7221 Highway 40 last sell?
7221 Highway 40 most recently sold on Apr 15, 2024 for $231,000.
What is the current tax assessment for 7221 Highway 40?
The most recent total assessment for 7221 Highway 40 (year 2024) is $55,070 with $3,301 in property tax.
How does 7221 Highway 40's assessment compare to its last sale price?
The current assessment is 76.2% below the last sale price of $231,000.
When was 7221 Highway 40 built?
7221 Highway 40 was built in 1975.
How does 7221 Highway 40 compare to others on Highway 40?
We do not currently track other properties on Highway 40.
What are the property facts for 7221 Highway 40?
7221 Highway 40 is a 3 bed, 3 bath, 1,900 sqft, 87,120 sqft lot single_family.
Is 7221 Highway 40 a flip candidate?
No — 7221 Highway 40 does not appear in our flips dataset.
Is 7221 Highway 40 a tax-appeal candidate?
No — 7221 Highway 40 is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+10.2%
Implied 1-yr
+40.9%
2025 Q3
$336.9K
2025 Q4
$357.6K
ZIP 62411 — Median Price History + Forecast
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Geography