505 South Water St
Bethany, IL 61914
2 bd 1 ba 996 sqft Built 1920 Lot 4,356 sqft single_family
Most recent sale
$39,000
Jun 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 19, 2024 | Sold | $72,000 | MRED |
| Mar 16, 2024 | Listing removed | — | CentralIllinois |
| Feb 29, 2024 | Price changed | $74,900 | MRED |
| Jan 12, 2024 | Listed | $79,000 | MRED |
| Mar 7, 2023 | Listing removed | $41,500 | MRED |
| Jun 14, 2022 | Sold | $39,000 | MRED |
| May 27, 2022 | Listing removed | — | CentralIllinois |
| Apr 15, 2022 | Price changed | $44,900 | MLS #6217718 |
| Mar 16, 2022 | Price changed | $46,900 | MLS #6217718 |
| Feb 12, 2022 | Listed | $49,900 | MLS #6217718 |
| Jun 21, 2011 | Listing removed | $19,000 | CentralIllinois |
| Oct 19, 2005 | Sold | $18,000 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $13,166 | $776 | $13,942 | $1,248 |
| 2022 | $9,557 | $1,935 | $11,492 | $480 |
| 2021 | $9,086 | $1,840 | $10,926 | $441 |
| 2020 | $8,725 | $1,767 | $10,492 | $415 |
| 2019 | $8,572 | $1,736 | $10,308 | $403 |
| 2018 | $10,673 | $1,072 | $11,745 | $564 |
| 2017 | $10,840 | $1,089 | $11,929 | $565 |
| 2016 | $10,864 | $1,091 | $11,955 | $574 |
| 2015 | $12,810 | $1,070 | $13,880 | $562 |
| 2014 | $10,652 | $1,166 | $11,818 | $1,122 |
| 2013 | $12,917 | $1,166 | $14,083 | $1,329 |
| 2012 | $11,850 | $1,070 | $12,920 | $1,244 |
| 2010 | $11,750 | $1,069 | $12,819 | $1,225 |
| 2009 | $11,750 | $1,069 | $12,819 | $1,203 |
Property facts
Year built
1920
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
996 sqft
Lot size
4,356 sqft
ZIP code
61914
City
Bethany
Street
South Water St
Coordinates
39.64483, -88.74296
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$234
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 South Water St last sell?
505 South Water St most recently sold on Jun 14, 2022 for $39,000.
What is the current tax assessment for 505 South Water St?
The most recent total assessment for 505 South Water St (year 2024) is $13,942 with $1,248 in property tax.
How does 505 South Water St's assessment compare to its last sale price?
The current assessment is 64.3% below the last sale price of $39,000.
When was 505 South Water St built?
505 South Water St was built in 1920.
How does 505 South Water St compare to others on South Water St?
We track 3 other properties on South Water St. Browse the list under "Other properties on South Water St" to compare beds, baths, and sale history.
What are the property facts for 505 South Water St?
505 South Water St is a 2 bed, 1 bath, 996 sqft, 4,356 sqft lot single_family.
Is 505 South Water St a flip candidate?
Yes — 505 South Water St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 South Water St a tax-appeal candidate?
No — 505 South Water St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.6%
Implied 1-yr
-2.3%
2026 Q2
$89.4K
2026 Q3
$88.8K
ZIP 61914 — Median Price History + Forecast
Explore nearby
Geography
Other properties on South Water St