509 Merchant St
Effingham, IL 62401
2 bd 1 ba 936 sqft Built 1980 Lot 3,485 sqft condos
Most recent sale
$115,000
May 30, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 30, 2023 | Sold | $115,000 | Public Record |
| May 10, 2023 | Listing removed | — | CentralIllinois |
| Jan 17, 2023 | Price changed | $124,000 | MRED |
| Dec 28, 2022 | Price changed | $129,900 | MRED |
| Nov 22, 2022 | Listed | $137,000 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $28,570 | $3,110 | $31,680 | $967 |
| 2021 | $28,290 | $3,080 | $31,370 | $1,025 |
| 2020 | $27,490 | $2,990 | $30,480 | $1,036 |
| 2019 | $27,220 | $2,960 | $30,180 | $1,026 |
| 2018 | $26,170 | $2,850 | $29,020 | $1,033 |
| 2017 | $25,660 | $2,790 | $28,450 | $1,035 |
| 2016 | $24,910 | $2,710 | $27,620 | $1,044 |
| 2015 | $24,180 | $2,630 | $26,810 | $1,052 |
| 2014 | $23,480 | $2,550 | $26,030 | $1,026 |
| 2013 | $23,020 | $2,500 | $25,520 | $1,027 |
| 2012 | $22,680 | $2,460 | $25,140 | $1,381 |
| 2010 | $22,680 | $2,460 | $25,140 | $1,383 |
| 2009 | $22,460 | $2,440 | $24,900 | $1,376 |
| 2008 | $21,390 | $2,320 | $23,710 | $1,339 |
| 2007 | $20,370 | $2,210 | $22,580 | $1,249 |
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
39.12640, -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
$690
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 509 Merchant St last sell?
509 Merchant St most recently sold on May 30, 2023 for $115,000.
What is the current tax assessment for 509 Merchant St?
The most recent total assessment for 509 Merchant St (year 2022) is $31,680 with $967 in property tax.
How does 509 Merchant St's assessment compare to its last sale price?
The current assessment is 72.5% below the last sale price of $115,000.
When was 509 Merchant St built?
509 Merchant St was built in 1980.
How does 509 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 509 Merchant St?
509 Merchant St is a 2 bed, 1 bath, 936 sqft, 3,485 sqft lot condos.
Is 509 Merchant St a flip candidate?
No — 509 Merchant St does not appear in our flips dataset.
Is 509 Merchant St a tax-appeal candidate?
No — 509 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