503 William St
Farmer City, IL 61842
3 bd 1 ba 1,622 sqft Built 1908 Lot 7,656 sqft single_family
Most recent sale
$66,000
Apr 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 23, 2025 | Sold | $167,000 | MRED |
| May 2, 2025 | Listed | $169,900 | MRED |
| Apr 21, 2022 | Sold | $66,000 | MLS #11255268 |
| Jan 21, 2022 | Relisted | $78,900 | MLS #11255268 |
| Dec 2, 2021 | Listing removed | $78,900 | MRED |
| Oct 25, 2021 | Listed | $78,900 | MLS #11255268 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $50,184 | $4,470 | $54,654 | $2,503 |
| 2023 | $22,276 | $4,097 | $26,373 | $2,293 |
| 2022 | $19,140 | $3,520 | $22,660 | $2,190 |
| 2021 | $19,950 | $3,364 | $23,314 | $738 |
| 2020 | $20,262 | $3,417 | $23,679 | $154 |
| 2019 | $20,262 | $3,417 | $23,679 | $153 |
| 2018 | $19,787 | $3,337 | $23,124 | $152 |
| 2017 | $19,304 | $3,209 | $22,513 | $159 |
| 2016 | $18,925 | $3,146 | $22,071 | $159 |
| 2015 | $18,925 | $3,146 | $22,071 | $154 |
| 2014 | $18,925 | $3,146 | $22,071 | $153 |
| 2013 | $18,925 | $3,146 | $22,071 | $155 |
| 2012 | $18,925 | $3,146 | $22,071 | $249 |
| 2010 | — | — | $21,596 | $1,103 |
| 2009 | — | — | $21,173 | $235 |
| 2008 | — | — | $20,697 | $281 |
Property facts
Year built
1908
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,622 sqft
Lot size
7,656 sqft
ZIP code
61842
City
Farmer City
Street
William St
Coordinates
40.24793, -88.64405
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$396
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 503 William St last sell?
503 William St most recently sold on Apr 21, 2022 for $66,000.
What is the current tax assessment for 503 William St?
The most recent total assessment for 503 William St (year 2024) is $54,654 with $2,503 in property tax.
How does 503 William St's assessment compare to its last sale price?
The current assessment is 17.2% below the last sale price of $66,000.
When was 503 William St built?
503 William St was built in 1908.
How does 503 William St compare to others on William St?
We track 8 other properties on William St. Browse the list under "Other properties on William St" to compare beds, baths, and sale history.
What are the property facts for 503 William St?
503 William St is a 3 bed, 1 bath, 1,622 sqft, 7,656 sqft lot single_family.
Is 503 William St a flip candidate?
No — 503 William St does not appear in our flips dataset.
Is 503 William St a tax-appeal candidate?
No — 503 William 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 William St