2490 Homestead Ln
Salem, IL 62881
3 bd 2 ba 2,053 sqft Built 2018 Lot 795,841 sqft single_family
Most recent sale
$447,000
Sep 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 15, 2022 | Sold | $447,000 | Public Record |
| Sep 13, 2022 | Sold | $447,000 | MRED |
| Jul 15, 2022 | Listed | $475,000 | MLS #EB445395 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $77,070 | $7,661 | $84,731 | $4,783 |
| 2022 | $65,480 | $5,753 | $71,233 | $4,684 |
| 2021 | $61,200 | $5,169 | $66,369 | $4,577 |
| 2020 | $59,370 | $4,757 | $64,127 | $4,674 |
| 2019 | $57,200 | $4,345 | $61,545 | $4,397 |
| 2018 | — | $1,104 | $1,104 | $93 |
Property facts
Year built
2018
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
2,053 sqft
Lot size
795,841 sqft
ZIP code
62881
City
Salem
Street
Homestead Ln
Coordinates
38.66081, -89.02840
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,695
Gross rental yield
9.92%
Implied cap rate
6.45%
Trend-extrapolated value
—
Frequently asked questions
When did 2490 Homestead Ln last sell?
2490 Homestead Ln most recently sold on Sep 15, 2022 for $447,000.
What is the current tax assessment for 2490 Homestead Ln?
The most recent total assessment for 2490 Homestead Ln (year 2024) is $84,731 with $4,783 in property tax.
How does 2490 Homestead Ln's assessment compare to its last sale price?
The current assessment is 81.0% below the last sale price of $447,000.
When was 2490 Homestead Ln built?
2490 Homestead Ln was built in 2018.
How does 2490 Homestead Ln compare to others on Homestead Ln?
We track 1 other property on Homestead Ln. Browse the list under "Other properties on Homestead Ln" to compare beds, baths, and sale history.
What are the property facts for 2490 Homestead Ln?
2490 Homestead Ln is a 3 bed, 2 bath, 2,053 sqft, 795,841 sqft lot single_family.
Is 2490 Homestead Ln a flip candidate?
No — 2490 Homestead Ln does not appear in our flips dataset.
Is 2490 Homestead Ln a tax-appeal candidate?
No — 2490 Homestead 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
+8.5%
Implied 1-yr
+33.9%
2026 Q2
$292.5K
2026 Q3
$292.5K
ZIP 62881 — Median Price History + Forecast
Explore nearby
Geography
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