516 East Locust Street

Local assessors in Salem, IL have categorized 516 East Locust Street as a residential type of property. The property's lot size has been calculated to be 8,020 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Jan 3, 2024 for $81,500. Prior to that sales transaction, the property was also sold in Dec 30, 2019 for $54,000. 516 East Locust Street was last assessed in 2022. The total value of the property was assessed at $18,050. Specifically, the land the property is located on was valued at $2,870. While improvements on the property were assessed at a total of $15,180. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,019. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.