601 Water St
Farmer City, IL 61842
2 bd 1 ba 929 sqft Built 1975 Lot 11,250 sqft single_family
Most recent sale
$90,000
Sep 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 19, 2022 | Sold | $90,000 | MLS #11475412 |
| Jul 27, 2022 | Listed | $99,900 | MLS #11475412 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $39,340 | $6,151 | $45,491 | $2,744 |
| 2023 | $29,278 | $5,638 | $34,916 | $2,463 |
| 2022 | $21,828 | $4,844 | $26,672 | $1,998 |
| 2021 | $20,866 | $4,631 | $25,497 | $2,485 |
| 2020 | $21,192 | $4,703 | $25,895 | $2,520 |
| 2019 | $21,192 | $4,703 | $25,895 | $2,518 |
| 2018 | $20,695 | $4,593 | $25,288 | $2,435 |
| 2017 | $20,190 | $4,416 | $24,606 | $2,486 |
| 2016 | $19,794 | $4,329 | $24,123 | $2,429 |
| 2015 | $19,794 | $4,329 | $24,123 | $2,354 |
| 2014 | $19,794 | $4,329 | $24,123 | $2,343 |
| 2013 | $19,794 | $4,329 | $24,123 | $2,377 |
| 2012 | $19,794 | $4,329 | $24,123 | $2,336 |
| 2010 | — | — | $23,604 | $296 |
| 2009 | — | — | $23,141 | $283 |
| 2008 | — | — | $22,621 | $329 |
Property facts
Year built
1975
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
929 sqft
Lot size
11,250 sqft
ZIP code
61842
City
Farmer City
Street
Water St
Coordinates
40.24233, -88.64851
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
$540
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 601 Water St last sell?
601 Water St most recently sold on Sep 19, 2022 for $90,000.
What is the current tax assessment for 601 Water St?
The most recent total assessment for 601 Water St (year 2024) is $45,491 with $2,744 in property tax.
How does 601 Water St's assessment compare to its last sale price?
The current assessment is 49.5% below the last sale price of $90,000.
When was 601 Water St built?
601 Water St was built in 1975.
How does 601 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 601 Water St?
601 Water St is a 2 bed, 1 bath, 929 sqft, 11,250 sqft lot single_family.
Is 601 Water St a flip candidate?
No — 601 Water St does not appear in our flips dataset.
Is 601 Water St a tax-appeal candidate?
No — 601 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
0.0%
Implied 1-yr
-0.1%
2026 Q3
$166.3K
2026 Q4
$166.2K
ZIP 61842 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Water St