507 Merchant St
Effingham, IL 62401
2 bd 1 ba 936 sqft Built 1980 Lot 3,485 sqft condos
Most recent sale
$101,000
May 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 13, 2022 | Sold | $101,000 | Public Record |
| May 6, 2022 | Sold | $101,000 | MRED |
| Mar 30, 2022 | Listed | $99,900 | MLS #6220023 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $34,250 | $3,950 | $38,200 | $2,580 |
| 2022 | $28,570 | $3,290 | $31,860 | $2,219 |
| 2021 | $28,290 | $3,260 | $31,550 | $2,288 |
| 2020 | $27,490 | $3,170 | $30,660 | $2,247 |
| 2019 | $27,220 | $3,140 | $30,360 | $2,205 |
| 2018 | $26,170 | $3,020 | $29,190 | $2,133 |
| 2017 | $25,660 | $2,960 | $28,620 | $2,097 |
| 2016 | $24,910 | $2,870 | $27,780 | $1,609 |
| 2015 | $24,180 | $2,790 | $26,970 | $1,560 |
| 2014 | $23,480 | $2,710 | $26,190 | $1,466 |
| 2013 | $23,020 | $2,660 | $25,680 | $1,430 |
| 2012 | $22,680 | $2,620 | $25,300 | $1,393 |
| 2010 | $22,680 | $2,620 | $25,300 | $1,395 |
| 2009 | $22,460 | $2,590 | $25,050 | $1,387 |
| 2008 | $21,390 | $2,470 | $23,860 | $1,350 |
| 2007 | $20,370 | $2,350 | $22,720 | $1,259 |
Property facts
Year built
1980
Property type
condos
Stories
1
Beds
2
Baths
1
Living area
936 sqft
Lot size
3,485 sqft
ZIP code
62401
City
Effingham
Street
Merchant St
Coordinates
39.12630, -88.54489
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
$606
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 507 Merchant St last sell?
507 Merchant St most recently sold on May 13, 2022 for $101,000.
What is the current tax assessment for 507 Merchant St?
The most recent total assessment for 507 Merchant St (year 2024) is $38,200 with $2,580 in property tax.
How does 507 Merchant St's assessment compare to its last sale price?
The current assessment is 62.2% below the last sale price of $101,000.
When was 507 Merchant St built?
507 Merchant St was built in 1980.
How does 507 Merchant St compare to others on Merchant St?
We track 8 other properties on Merchant St. Browse the list under "Other properties on Merchant St" to compare beds, baths, and sale history.
What are the property facts for 507 Merchant St?
507 Merchant St is a 2 bed, 1 bath, 936 sqft, 3,485 sqft lot condos.
Is 507 Merchant St a flip candidate?
No — 507 Merchant St does not appear in our flips dataset.
Is 507 Merchant St a tax-appeal candidate?
No — 507 Merchant 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
+6.1%
Implied 1-yr
+24.2%
2026 Q3
$351.9K
2026 Q4
$367.2K
ZIP 62401 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Merchant St