7 Melody Ln
Ridge Farm, IL 61870
4 bd 2 ba 1,620 sqft Built 1995 Lot 28,750 sqft single_family
Most recent sale
$128,000
Apr 22, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 22, 2024 | Sold | $128,000 | MRED |
| Mar 13, 2024 | Listing removed | — | CentralIllinois |
| Mar 1, 2024 | Listed | $134,900 | MRED |
| Jan 1, 2005 | Sold | $91,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $41,256 | $7,190 | $48,446 | $2,062 |
| 2022 | $33,639 | $5,863 | $39,502 | $2,172 |
| 2021 | $32,533 | $5,670 | $38,203 | $2,172 |
| 2020 | $32,533 | $5,670 | $38,203 | $2,152 |
| 2019 | $30,904 | $5,386 | $36,290 | $2,180 |
| 2018 | $29,059 | $5,064 | $34,123 | $2,653 |
| 2017 | $27,675 | $4,823 | $32,498 | $2,301 |
| 2016 | $27,675 | $4,823 | $32,498 | $2,363 |
| 2015 | $27,037 | $4,712 | $31,749 | $2,400 |
| 2014 | $26,115 | $4,551 | $30,666 | $2,270 |
| 2013 | $26,115 | $4,551 | $30,666 | $2,253 |
| 2012 | $26,115 | $4,551 | $30,666 | $2,318 |
| 2011 | $26,115 | $4,551 | $30,666 | $2,113 |
| 2010 | $26,115 | $4,551 | $30,666 | $2,574 |
| 2007 | $30,228 | $4,551 | $34,779 | $2,920 |
| 2006 | $30,228 | $4,551 | $34,779 | $2,679 |
Property facts
Year built
1995
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,620 sqft
Lot size
28,750 sqft
ZIP code
61870
City
Ridge Farm
Street
Melody Ln
Coordinates
39.90285, -87.65364
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$768
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 7 Melody Ln last sell?
7 Melody Ln most recently sold on Apr 22, 2024 for $128,000.
What is the current tax assessment for 7 Melody Ln?
The most recent total assessment for 7 Melody Ln (year 2024) is $48,446 with $2,062 in property tax.
How does 7 Melody Ln's assessment compare to its last sale price?
The current assessment is 62.2% below the last sale price of $128,000.
When was 7 Melody Ln built?
7 Melody Ln was built in 1995.
How does 7 Melody Ln compare to others on Melody Ln?
We do not currently track other properties on Melody Ln.
What are the property facts for 7 Melody Ln?
7 Melody Ln is a 4 bed, 2 bath, 1,620 sqft, 28,750 sqft lot single_family.
Is 7 Melody Ln a flip candidate?
No — 7 Melody Ln does not appear in our flips dataset.
Is 7 Melody Ln a tax-appeal candidate?
No — 7 Melody Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.7%
Implied 1-yr
+26.7%
2026 Q1
$170.4K
2026 Q2
$178.3K
ZIP 61870 — Median Price History + Forecast
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Geography