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123 East Main Street

123 East Main Street, Salem, IL 62881
Property in Salem
This has been categorized as a commercial property type. In total, the area measurement of the land is 4,308 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 123 East Main Street sold most recently in Mar 21, 2017 for a total of $130,500. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,218 in taxes each year. 123 East Main Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $26,240. If we break it down further, the land itself was valued at $4,100. Improvements to the property, however, were assessed at a total of $22,140. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,308
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.098
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: O. T. 36' E 1/2 LOT 4 BLOCK 1 SQUARE 4

Ownership

  • Current Owner : WABASH INDEPENDENT NETWORKS
  • Previous Owner : US SONET LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salem School District 111
  • Census Tract: 952100

Geography

  • District: 11
  • Parcel: 1100008480
  • Block: 1
  • Lot: 4
  • Municipality: SALEM TOWNSHIP
  • Latitude: 38.6268
  • Longitude: -88.9447

    Address

  • Full Address: 123 E Main St
  • Address - House Number: 123
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Salem
  • Carrier Code: C004
  • 4-Digit Zip Code: 2924
  • Zip Code: 62881

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,218
  • Tax Rate Code Area: 11015

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,000,000
  • First Open Lien Mortgage Lender: MARION COUNTY SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Mar 24, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $8,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $78,720
  • Market Land Value: $12,300
  • Market Improvement Value: $66,420

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,240
  • Assessed Land Value: $4,100
  • Assessed Improvements Value: $22,140

    Sales

  • Current Sale Contract Date: Mar 21, 2017
  • Current Sale Recording Date: Mar 24, 2017
  • Current Sale Transaction ID: 1806467385
  • Current Sale Price: $130,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017R01930

    Last Sale Mortgage

  • First Mortgage Lender: MARION COUNTY SAVINGS BANK
  • First Mortgage Transaction Date: Mar 24, 2017
  • First Mortgage Loan Amount: $8,000,000
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Salem



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Frequently Asked Questions

What neighborhood is 123 East Main Street located in?
The 123 East Main Street is a located in the neighborhood of Salem in Salem, Salem.
What is the average sales price for listings in 123 East Main Street?
The average sales price for units in 123 East Main Street is $0 currently.

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