508 South Water St
Bethany, IL 61914
3 bd 2 ba 1,612 sqft Built 2001 Lot 15,246 sqft single_family
Most recent sale
$40,000
Feb 10, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 22, 2024 | Sold | $129,000 | MRED |
| Oct 4, 2024 | Listed | $139,000 | MRED |
| Feb 10, 2024 | Sold | $40,000 | MRED |
| Dec 7, 2023 | Price changed | $49,900 | MRED |
| Nov 30, 2023 | Listed | $20,000 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $11,521 | $2,802 | $14,323 | $1,282 |
| 2022 | $25,289 | $5,051 | $30,340 | $2,128 |
| 2021 | $24,044 | $4,802 | $28,846 | $2,045 |
| 2020 | $23,088 | $4,611 | $27,699 | $2,002 |
| 2019 | $22,682 | $4,530 | $27,212 | $1,982 |
| 2018 | $22,354 | $2,886 | $25,240 | $1,865 |
| 2017 | $22,704 | $2,931 | $25,635 | $1,872 |
| 2016 | $22,754 | $2,937 | $25,691 | $1,898 |
| 2015 | $22,310 | $2,880 | $25,190 | $1,883 |
| 2014 | $20,775 | $3,139 | $23,914 | $1,700 |
| 2013 | $20,775 | $3,139 | $23,914 | $1,691 |
| 2012 | $19,060 | $2,880 | $21,940 | $1,535 |
| 2010 | $23,749 | $2,877 | $26,626 | $2,000 |
| 2009 | $23,749 | $2,877 | $26,626 | $1,998 |
Property facts
Year built
2001
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,612 sqft
Lot size
15,246 sqft
ZIP code
61914
City
Bethany
Street
South Water St
Coordinates
39.64439, -88.74305
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
$240
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 508 South Water St last sell?
508 South Water St most recently sold on Feb 10, 2024 for $40,000.
What is the current tax assessment for 508 South Water St?
The most recent total assessment for 508 South Water St (year 2024) is $14,323 with $1,282 in property tax.
How does 508 South Water St's assessment compare to its last sale price?
The current assessment is 64.2% below the last sale price of $40,000.
When was 508 South Water St built?
508 South Water St was built in 2001.
How does 508 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 508 South Water St?
508 South Water St is a 3 bed, 2 bath, 1,612 sqft, 15,246 sqft lot single_family.
Is 508 South Water St a flip candidate?
Yes — 508 South Water St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 508 South Water St a tax-appeal candidate?
No — 508 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