508 Locust St
Tremont, IL 61568
2 bd 1 ba 1,335 sqft Built 1950 Lot 8,250 sqft single_family
Most recent sale
$141,000
Jul 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 19, 2022 | Sold | $141,000 | Public Record |
| Jun 21, 2022 | Listed | $147,500 | MLS #PA1235300 |
| Dec 21, 2021 | Sold | $137,000 | Public Record |
| Dec 17, 2021 | Sold | $137,000 | RMLSAlliance |
| Mar 10, 2020 | Sold | $122,500 | Public Record |
| May 13, 2014 | Sold | $90,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $37,150 | $12,400 | $49,550 | $2,582 |
| 2023 | $30,850 | $10,290 | $41,140 | $2,749 |
| 2022 | $28,040 | $9,350 | $37,390 | $2,564 |
| 2021 | $26,960 | $8,990 | $35,950 | $2,964 |
| 2020 | $25,920 | $8,640 | $34,560 | $1,963 |
| 2019 | $25,700 | $8,640 | $34,340 | $1,966 |
| 2018 | $25,700 | $8,640 | $34,340 | $1,883 |
| 2017 | $25,700 | $8,640 | $34,340 | $1,849 |
| 2016 | $25,450 | $8,550 | $34,000 | $1,847 |
| 2015 | $25,910 | $8,470 | $34,380 | $1,882 |
| 2014 | $28,090 | $8,240 | $36,330 | $2,049 |
| 2013 | $28,090 | $8,240 | $36,330 | $2,032 |
| 2012 | $28,090 | $8,240 | $36,330 | $2,094 |
| 2011 | $28,090 | $8,240 | $36,330 | $1,954 |
| 2010 | $28,090 | $8,240 | $36,330 | $1,994 |
| 2009 | $28,550 | $8,240 | $36,790 | $1,952 |
| 2008 | $28,550 | $8,240 | $36,790 | $1,983 |
| 2007 | $28,550 | $8,240 | $36,790 | $1,946 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,335 sqft
Lot size
8,250 sqft
ZIP code
61568
City
Tremont
Street
Locust St
Coordinates
40.52163, -89.49247
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$846
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 508 Locust St last sell?
508 Locust St most recently sold on Jul 19, 2022 for $141,000.
What is the current tax assessment for 508 Locust St?
The most recent total assessment for 508 Locust St (year 2024) is $49,550 with $2,582 in property tax.
How does 508 Locust St's assessment compare to its last sale price?
The current assessment is 64.9% below the last sale price of $141,000.
When was 508 Locust St built?
508 Locust St was built in 1950.
How does 508 Locust St compare to others on Locust St?
We track 8 other properties on Locust St. Browse the list under "Other properties on Locust St" to compare beds, baths, and sale history.
What are the property facts for 508 Locust St?
508 Locust St is a 2 bed, 1 bath, 1,335 sqft, 8,250 sqft lot single_family.
Is 508 Locust St a flip candidate?
No — 508 Locust St does not appear in our flips dataset.
Is 508 Locust St a tax-appeal candidate?
No — 508 Locust 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
-1.4%
Implied 1-yr
-5.6%
2026 Q2
$190.7K
2026 Q3
$187.8K
ZIP 61568 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Locust St