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501 Walnut St

Mahomet, IL 61853

4 bd 2 ba 2,364 sqft Built 1917 single_family
Most recent sale
$219,900
Oct 26, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 26, 2022 Sold $219,900 Public Record
Oct 25, 2022 Sold $219,900 MRED
Aug 26, 2022 Price changed $219,900 MLS #11434833
Aug 10, 2022 Price changed $224,900 MLS #11434833
Jul 14, 2022 Price changed $229,000 MLS #11434833
Jun 14, 2022 Listed $239,500 MLS #11434833

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $68,370 $12,950 $81,320 $5,468
2023 $64,320 $12,180 $76,500 $5,028
2022 $53,890 $10,200 $64,090 $4,249
2021 $50,940 $9,640 $60,580 $3,994
2020 $50,090 $9,480 $59,570 $3,913
2019 $49,300 $9,330 $58,630 $3,805
2018 $48,240 $9,130 $57,370 $3,685
2017 $45,940 $8,690 $54,630 $3,510
2016 $45,940 $8,690 $54,630 $3,493
2015 $45,040 $8,520 $53,560 $3,429
2014 $45,040 $8,520 $53,560 $3,416
2013 $43,240 $8,180 $51,420 $3,239
2012 $43,240 $8,180 $51,420 $3,282
2011 $43,240 $8,180 $51,420 $3,356
2010 $45,040 $8,520 $53,560 $3,336
2009 $45,040 $8,520 $53,560 $3,267
2008 $45,040 $8,520 $53,560 $3,335
2006 $40,190 $7,510 $47,700 $3,391
2005 $37,390 $6,990 $44,380 $3,126

Property facts

Year built
1917
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,364 sqft
Lot size
ZIP code
61853
City
Mahomet
Street
Walnut St
Coordinates
40.19174, -88.40699

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,319
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 501 Walnut St last sell?
501 Walnut St most recently sold on Oct 26, 2022 for $219,900.
What is the current tax assessment for 501 Walnut St?
The most recent total assessment for 501 Walnut St (year 2024) is $81,320 with $5,468 in property tax.
How does 501 Walnut St's assessment compare to its last sale price?
The current assessment is 63.0% below the last sale price of $219,900.
When was 501 Walnut St built?
501 Walnut St was built in 1917.
How does 501 Walnut St compare to others on Walnut St?
We track 8 other properties on Walnut St. Browse the list under "Other properties on Walnut St" to compare beds, baths, and sale history.
What are the property facts for 501 Walnut St?
501 Walnut St is a 4 bed, 2 bath, 2,364 sqft single_family.
Is 501 Walnut St a flip candidate?
No — 501 Walnut St does not appear in our flips dataset.
Is 501 Walnut St a tax-appeal candidate?
No — 501 Walnut St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q2
$410.3K
2026 Q3
$417K
ZIP 61853 — Median Price History + Forecast

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