406 College St
Lerna, IL 62440
3 bd 1 ba 1,596 sqft Built 1905 Lot 13,939 sqft single_family
Most recent sale
$44,000
Dec 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 21, 2022 | Sold | $44,000 | MRED |
| Nov 21, 2022 | Listing removed | — | CentralIllinois |
| Oct 25, 2022 | Relisted | $49,500 | CentralIllinois |
| Oct 19, 2022 | Listing removed | — | CentralIllinois |
| Oct 10, 2022 | Listed | $49,500 | MRED |
| Aug 31, 2022 | Listing removed | $57,900 | MRED |
| May 30, 2012 | Sold | $48,000 | MRED |
| May 30, 2012 | Listing removed | $49,900 | CentralIllinois |
| Mar 30, 2012 | Price changed | $49,900 | CentralIllinois |
| Jan 2, 2012 | Relisted | $52,900 | CentralIllinois |
| Dec 20, 2011 | Listing removed | $52,900 | CentralIllinois |
| Aug 28, 2011 | Price changed | $52,900 | CentralIllinois |
| Aug 19, 2011 | Price changed | $54,900 | CentralIllinois |
| Aug 5, 2011 | Listed | $59,900 | CentralIllinois |
| Jun 21, 2011 | Listing removed | $54,000 | CentralIllinois |
| Jan 21, 2005 | Sold | $51,500 | MRED |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $17,024 | $1,558 | $18,582 | $764 |
| 2023 | $16,060 | $1,470 | $17,530 | $736 |
| 2022 | $18,926 | $3,245 | $22,171 | $1,173 |
| 2021 | $18,025 | $3,090 | $21,115 | $1,200 |
| 2020 | $18,025 | $3,090 | $21,115 | $1,211 |
| 2019 | $18,025 | $3,090 | $21,115 | $1,185 |
| 2018 | $18,025 | $3,090 | $21,115 | $1,192 |
| 2017 | $18,025 | $3,090 | $21,115 | $1,195 |
| 2016 | $18,025 | $3,090 | $21,115 | $1,190 |
| 2015 | $18,025 | $3,090 | $21,115 | $1,203 |
| 2014 | $18,025 | $3,090 | $21,115 | $1,169 |
| 2013 | $18,025 | $3,090 | $21,115 | $1,772 |
| 2012 | $18,025 | $3,090 | $21,115 | $1,302 |
| 2011 | $18,025 | $3,090 | $21,115 | $1,271 |
| 2009 | $17,157 | $2,941 | $20,098 | $1,183 |
| 2008 | $16,987 | $2,912 | $19,899 | $1,210 |
| 2007 | $13,648 | $2,816 | $16,464 | $1,001 |
Property facts
Year built
1905
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,596 sqft
Lot size
13,939 sqft
ZIP code
62440
City
Lerna
Street
College St
Coordinates
39.41719, -88.28729
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
$264
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 406 College St last sell?
406 College St most recently sold on Dec 21, 2022 for $44,000.
What is the current tax assessment for 406 College St?
The most recent total assessment for 406 College St (year 2024) is $18,582 with $764 in property tax.
How does 406 College St's assessment compare to its last sale price?
The current assessment is 57.8% below the last sale price of $44,000.
When was 406 College St built?
406 College St was built in 1905.
How does 406 College St compare to others on College St?
We track 6 other properties on College St. Browse the list under "Other properties on College St" to compare beds, baths, and sale history.
What are the property facts for 406 College St?
406 College St is a 3 bed, 1 bath, 1,596 sqft, 13,939 sqft lot single_family.
Is 406 College St a flip candidate?
No — 406 College St does not appear in our flips dataset.
Is 406 College St a tax-appeal candidate?
No — 406 College 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
-4.9%
Implied 1-yr
-19.4%
2025 Q3
$292.5K
2025 Q4
$292.5K
ZIP 62440 — Median Price History + Forecast
Explore nearby
Geography
Other properties on College St