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Pending
  • Listed by: Whitetail Properties Real Estate, LLC • Cody W Crum
    Price increase: $20K (5/28)
    $339,000

    498 Panama Ave, Sorento, IL 62086

    0beds
    --baths
    40.4Acres
    : 
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    Unimproved Land
    Built in ----
    40.4 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Year-round water source
    This 40.4± acre recreational property is located just outside of Panama, Illinois in Bond County and offers a well-rounded combination of habitat, water, and existing improvements suited for hunting and outdoor fun. The tract has been carefully maintained and managed, with established hunting and wildlife infrastructure already in place. Approximately 7± acres are tillable and currently utilized as food plots. Additional acreage is enrolled in CRP, generating an annual income of approximately $1,200. The CRP acreage also contributes to dense bedding cover. Mature oak and other timber are present across much of the property and support a healthy wildlife population. The property includes multiple existing deer stands and blinds, along with a trail system that allows access throughout the farm. These trails make it easier to navigate the property for hunting, management, or general recreation. The layout supports a variety of hunting setups and wind options without requiring much additional development. A year-round water source is a key feature of this property. Shoal Creek runs by the tract and provides consistent water access for wildlife. In addition, a pond is located on the property and adds another water source. An off-grid hunting cabin is located on the property and will remain furnished. The cabin features a metal roof, updated flooring, and a functional layout designed for extended stays. Inside, there is a combined kitchen and living area, a wood-burning stove for heat, and a toilet and shower. A loft area provides sleeping space. Electricity is supplied by generator, and propane used for additional heating or cooking options. The cabin is positioned to support hunting use while maintaining privacy and functionality. The property is accessed by a gated easement off Panama Avenue, providing a secluded setting while still allowing reliable year-round access. The surrounding area is primarily agricultural and recreational land, contributing to the deer and turkey populations. This property is located in a prime area of Bond County with convenient access to Interstate 55 and is roughly 30 miles from the Metro East area. The tract has been managed as a Quality Deer Management property, with attention given to habitat balance, food sources, and pressure management. This farm provides a strong foundation for continued wildlife management, hunting, and outdoor recreation without requiring immediate additional investment.
    166 days
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Cody W Crum,

    Whitetail Properties Real Estate, LLC

    Source: MARIS,MLS#: 26004649MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0

      Property

      Features
      • Has view: Yes
      • On waterfront: Yes
      • Waterfront features: Waterfront
      Lot
      • Size: 40.4 Acres
      • Features: Agricultural, Farm, Gently Rolling, Heavy Woods, Many Trees, Meadow, Native Plants, Open Lot, Pasture, Pond on Lot, Private, Scattered Woods, Secluded, Some Trees, Undeveloped, Views, Waterfront
      Details
      • Parcel number: 090128218001
      • Zoning: Recreational
      • Special conditions: Standard

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Sorento

      Financial & listing details

      • Tax assessed value: $22,956
      • Annual tax amount: $553
      • Date on market: 1/26/2026
      • Cumulative days on market: 248 days
      • Listing terms: Conventional
      Cody W Crum

      Cody W Crum

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/28/2026Pending sale$339,000+6.3%
        Source: MARIS #26004649 Report a problem
        5/6/2026Price change$319,000-5.9%
        Source: Whitetail Properties #107132 Report a problem
        3/10/2026Price change$339,000-5.7%
        Source: Whitetail Properties #107132 Report a problem
        1/27/2026Listed for sale$359,500-1.5%
        Source: MARIS #26004649 Report a problem
        1/1/2026Listing removed$365,000
        Source: MARIS #25068740 Report a problem
        11/25/2025Price change$365,000-3.9%
        Source: MARIS #25068740 Report a problem
        10/10/2025Listed for sale$380,000+117.1%
        Source: MARIS #25068740 Report a problem
        9/12/2023Sold$175,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$553 +5.6%$7,652 +12.3%
        2023$523 +12%$6,813 +12.6%
        2022$468 +8.9%$6,050 +13%
        2021$429 +10.5%$5,354 +13.4%
        2020$388 +55.8%$4,723 +55%
        2017$249 +35.1%$3,048 +28.7%
        2016$185 $2,369
        2015$185 +1054.8%$2,369 +21.8%
        2013$16 $1,945
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 62086

        Getting around

        0 / 100
        Car-Dependent
        9 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hillsboro Dist 3
        • Middle: Hillsboro Dist 3
        • High: Hillsboro Community High Schoo

        Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.