7491 Farmhome Ln
Cherry Valley, IL 61016
3 bd 3 ba 2,877 sqft Built 1981 Lot 17,860 sqft single_family
Most recent sale
$225,000
Feb 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 22, 2022 | Sold | $225,000 | Public Record |
| Feb 18, 2022 | Sold | $225,000 | MLS #11304462 |
| Jan 14, 2022 | Listed | $210,000 | MLS #11304462 |
| Jul 7, 2016 | Sold | $126,000 | Public Record |
| May 16, 2016 | Listing removed | $124,900 | NorthWestILAlliance |
| May 12, 2016 | Listed | $124,900 | MLS #201602757 |
| Mar 2, 2005 | Sold | $150,000 | Public Record |
| Nov 4, 1996 | Sold | $118,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $68,846 | $11,484 | $80,330 | $5,344 |
| 2023 | $62,276 | $10,388 | $72,664 | $4,915 |
| 2022 | $48,403 | $10,677 | $59,080 | $4,816 |
| 2021 | $46,032 | $10,154 | $56,186 | $4,869 |
| 2020 | $44,075 | $9,722 | $53,797 | $4,851 |
| 2019 | $42,008 | $9,266 | $51,274 | $4,741 |
| 2018 | $39,625 | $9,023 | $48,648 | $4,736 |
| 2017 | $38,456 | $8,757 | $47,213 | $4,732 |
| 2016 | $37,643 | $8,572 | $46,215 | $4,683 |
| 2015 | $36,952 | $8,415 | $45,367 | $4,635 |
| 2014 | $36,983 | $8,415 | $45,398 | $4,552 |
| 2013 | $38,037 | $8,655 | $46,692 | $4,402 |
| 2012 | $39,429 | $8,972 | $48,401 | $4,232 |
| 2011 | $43,189 | $9,076 | $52,265 | $4,516 |
| 2010 | $47,653 | $9,307 | $56,960 | $4,531 |
| 2009 | $48,193 | $9,412 | $57,605 | $4,225 |
| 2008 | $49,514 | $9,412 | $58,926 | $4,295 |
| 2007 | $46,450 | $9,102 | $55,552 | $3,978 |
| 2006 | $42,589 | $8,903 | $51,492 | $3,740 |
Property facts
Year built
1981
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,877 sqft
Lot size
17,860 sqft
ZIP code
61016
City
Cherry Valley
Street
Farmhome Ln
Coordinates
42.22867, -88.97216
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,350
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 7491 Farmhome Ln last sell?
7491 Farmhome Ln most recently sold on Feb 22, 2022 for $225,000.
What is the current tax assessment for 7491 Farmhome Ln?
The most recent total assessment for 7491 Farmhome Ln (year 2025) is $80,330 with $5,344 in property tax.
How does 7491 Farmhome Ln's assessment compare to its last sale price?
The current assessment is 64.3% below the last sale price of $225,000.
When was 7491 Farmhome Ln built?
7491 Farmhome Ln was built in 1981.
How does 7491 Farmhome Ln compare to others on Farmhome Ln?
We track 8 other properties on Farmhome Ln. Browse the list under "Other properties on Farmhome Ln" to compare beds, baths, and sale history.
What are the property facts for 7491 Farmhome Ln?
7491 Farmhome Ln is a 3 bed, 3 bath, 2,877 sqft, 17,860 sqft lot single_family.
Is 7491 Farmhome Ln a flip candidate?
No — 7491 Farmhome Ln does not appear in our flips dataset.
Is 7491 Farmhome Ln a tax-appeal candidate?
No — 7491 Farmhome Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q2
$274.7K
2026 Q3
$273.2K
ZIP 61016 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Farmhome Ln