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507 Spring St

Washington, IL 61571

3 bd 2 ba 1,139 sqft Built 1951 single_family
Most recent sale
$138,000
Apr 30, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 30, 2021 Sold $138,000 Public Record
Aug 24, 2015 Price changed $135,900 MLS #1164124
Jul 14, 2015 Listed $139,900 MLS #1164124
Nov 10, 2010 Sold $123,000 Public Record
Nov 10, 2004 Sold $119,000 Public Record
Sep 8, 2000 Sold $75,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $60,250 $11,380 $71,630 $4,927
2023 $51,040 $9,640 $60,680 $4,674
2022 $37,700 $9,010 $46,710 $3,566
2021 $33,110 $8,780 $41,890 $3,106
2020 $33,110 $8,780 $41,890 $3,062
2019 $33,110 $8,780 $41,890 $3,005
2018 $33,110 $8,780 $41,890 $2,951
2017 $33,110 $8,780 $41,890 $2,876
2016 $33,110 $8,780 $41,890 $2,805
2015 $33,110 $8,780 $41,890 $2,797
2014 $32,180 $8,530 $40,710 $2,742
2013 $32,180 $8,530 $40,710 $2,587
2012 $32,180 $8,530 $40,710 $2,586
2011 $32,180 $8,530 $40,710 $2,406
2010 $32,180 $8,530 $40,710 $2,744
2009 $33,900 $11,350 $45,250 $2,617
2008 $32,950 $11,030 $43,980 $2,589
2007 $31,610 $10,580 $42,190 $2,532

Property facts

Year built
1951
Property type
single_family
Stories
Beds
3
Baths
2
Living area
1,139 sqft
Lot size
ZIP code
61571
City
Washington
Street
Spring St
Coordinates
40.70259, -89.41441

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
$828
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 507 Spring St last sell?
507 Spring St most recently sold on Apr 30, 2021 for $138,000.
What is the current tax assessment for 507 Spring St?
The most recent total assessment for 507 Spring St (year 2024) is $71,630 with $4,927 in property tax.
How does 507 Spring St's assessment compare to its last sale price?
The current assessment is 48.1% below the last sale price of $138,000.
When was 507 Spring St built?
507 Spring St was built in 1951.
How does 507 Spring St compare to others on Spring St?
We track 7 other properties on Spring St. Browse the list under "Other properties on Spring St" to compare beds, baths, and sale history.
What are the property facts for 507 Spring St?
507 Spring St is a 3 bed, 2 bath, 1,139 sqft single_family.
Is 507 Spring St a flip candidate?
No — 507 Spring St does not appear in our flips dataset.
Is 507 Spring St a tax-appeal candidate?
No — 507 Spring 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
+2.0%
Implied 1-yr
+8.1%
2026 Q3
$302.3K
2026 Q4
$307.8K
ZIP 61571 — Median Price History + Forecast

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