502 Walnut St
Olney, IL 62450
3 bd 2 ba 1,300 sqft Built 1950 Lot 6,985 sqft single_family
Most recent sale
$81,500
Aug 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 26, 2022 | Sold | $81,500 | MLS #11072854 |
| Jun 24, 2022 | Relisted | $79,900 | MLS #11072854 |
| Jun 22, 2022 | Listing removed | $79,900 | MyStateMLS |
| Jun 21, 2022 | Relisted | $79,900 | MLS #11072854 |
| May 31, 2022 | Listing removed | $79,900 | MyStateMLS |
| Apr 29, 2022 | Listed | $79,900 | MLS #11072854 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $24,365 | $4,442 | $28,807 | $1,731 |
| 2022 | $20,889 | $3,808 | $24,697 | $1,981 |
| 2021 | $8,106 | $3,627 | $11,733 | $991 |
| 2020 | $7,947 | $3,556 | $11,503 | $981 |
| 2019 | $7,947 | $3,556 | $11,503 | $990 |
| 2018 | $7,947 | $3,556 | $11,503 | $976 |
| 2017 | $7,868 | $3,521 | $11,389 | $960 |
| 2016 | $7,493 | $3,353 | $10,846 | $926 |
| 2015 | $7,205 | $3,224 | $10,429 | $898 |
| 2014 | $7,064 | $3,161 | $10,225 | $860 |
| 2013 | $6,792 | $3,039 | $9,831 | $810 |
| 2012 | $6,469 | $2,894 | $9,363 | $769 |
| 2010 | $6,534 | $2,923 | $9,457 | $765 |
| 2009 | $6,406 | $2,866 | $9,272 | $744 |
| 2008 | $6,280 | $2,810 | $9,090 | $723 |
Property facts
Year built
1950
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,300 sqft
Lot size
6,985 sqft
ZIP code
62450
City
Olney
Street
Walnut St
Coordinates
38.73447, -88.08495
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$489
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 502 Walnut St last sell?
502 Walnut St most recently sold on Aug 26, 2022 for $81,500.
What is the current tax assessment for 502 Walnut St?
The most recent total assessment for 502 Walnut St (year 2024) is $28,807 with $1,731 in property tax.
How does 502 Walnut St's assessment compare to its last sale price?
The current assessment is 64.7% below the last sale price of $81,500.
When was 502 Walnut St built?
502 Walnut St was built in 1950.
How does 502 Walnut St compare to others on Walnut St?
We track 3 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 502 Walnut St?
502 Walnut St is a 3 bed, 2 bath, 1,300 sqft, 6,985 sqft lot single_family.
Is 502 Walnut St a flip candidate?
No — 502 Walnut St does not appear in our flips dataset.
Is 502 Walnut St a tax-appeal candidate?
No — 502 Walnut 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
+6.1%
Implied 1-yr
+24.5%
2025 Q3
$203.7K
2025 Q4
$212.7K
ZIP 62450 — Median Price History + Forecast
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