507 Richland Ave
Effingham, IL 62401
2 bd 1 ba 2,288 sqft Built 1930 Lot 6,098 sqft single_family
Most recent sale
$87,000
Sep 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 26, 2022 | Sold | $87,000 | MLS #11493670 |
| Aug 18, 2022 | Listed | $89,900 | MLS #11493670 |
| Jul 19, 2022 | Listed | $89,900 | MLS #6222102 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $21,580 | $7,150 | $28,730 | $1,535 |
| 2022 | $18,000 | $5,960 | $23,960 | $1,669 |
| 2021 | $17,820 | $5,900 | $23,720 | $1,285 |
| 2020 | $17,320 | $5,730 | $23,050 | $1,250 |
| 2019 | $17,150 | $5,670 | $22,820 | $1,221 |
| 2018 | $16,490 | $5,450 | $21,940 | $1,165 |
| 2017 | $16,170 | $5,340 | $21,510 | $1,136 |
| 2016 | $15,700 | $5,180 | $20,880 | $1,099 |
| 2015 | $15,240 | $5,030 | $20,270 | $1,062 |
| 2014 | $14,800 | $4,880 | $19,680 | $993 |
| 2013 | $14,510 | $4,780 | $19,290 | $966 |
| 2012 | $14,300 | $4,710 | $19,010 | $939 |
| 2010 | $14,300 | $4,710 | $19,010 | $940 |
| 2009 | $14,160 | $4,660 | $18,820 | $933 |
| 2008 | $13,490 | $4,440 | $17,930 | $914 |
| 2007 | $12,850 | $4,230 | $17,080 | $859 |
Property facts
Year built
1930
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
2,288 sqft
Lot size
6,098 sqft
ZIP code
62401
City
Effingham
Street
Richland Ave
Coordinates
39.11804, -88.54852
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
$522
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Richland Ave last sell?
507 Richland Ave most recently sold on Sep 26, 2022 for $87,000.
What is the current tax assessment for 507 Richland Ave?
The most recent total assessment for 507 Richland Ave (year 2024) is $28,730 with $1,535 in property tax.
How does 507 Richland Ave's assessment compare to its last sale price?
The current assessment is 67.0% below the last sale price of $87,000.
When was 507 Richland Ave built?
507 Richland Ave was built in 1930.
How does 507 Richland Ave compare to others on Richland Ave?
We track 8 other properties on Richland Ave. Browse the list under "Other properties on Richland Ave" to compare beds, baths, and sale history.
What are the property facts for 507 Richland Ave?
507 Richland Ave is a 2 bed, 1 bath, 2,288 sqft, 6,098 sqft lot single_family.
Is 507 Richland Ave a flip candidate?
No — 507 Richland Ave does not appear in our flips dataset.
Is 507 Richland Ave a tax-appeal candidate?
No — 507 Richland Ave 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 Richland Ave