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  • Listed by: MCR Realty Professionals, Inc • Melissa D Smith • 217-331-2062
    Bought with: MCR Realty Professionals, Inc
    $25,000

    500 E Water St, Litchfield, IL 62056

    2beds
    789sqft
    Single Family Residence
    Built in 1946
    10,018 Square Feet Lot
    $25,100 Zestimate®
    $32/sqft
    $968 Estimated rent

    Home value

    $25,100

    Estimated sales range

    Not available

    $968/mo

    Zestimate® history
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    What's special

    Fantastic starter home or income-producing opportunity! This two bed, one bath home offers a nice, clean exterior with classic and easy-to-maintain white vinyl siding, a covered front porch, and endless potential to turn what's there into something extraordinary! When you pull up to 500 E Water Street it's easy to image the possibilities. There's a one car detached garage that's extra long for additional storage. The back yard is surprisingly large, offering an easy shape to fence in. Inside, the sellers have removed the old carpet and have started the work of refinishing the original hardwood floors. One less step you have to take! The eat in kitchen is bright and includes the refrigerator and stove. There's also a mud room coming in from the garage. That's where you'll find the included washer and dryer (functionality unknown) and access for the basement. There's big bedrooms with hardwood floors. A very functional layout!

    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa D Smith 217-331-2062,

    MCR Realty Professionals, Inc,

    Melissa D Smith 217-331-2062,

    MCR Realty Professionals, Inc

    Bought with:

    Melissa D Smith, 475.175009

    MCR Realty Professionals, Inc

    Source: MARIS,MLS#: 25082168MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Bedroom
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 144
    • Dimensions: 12x12
    Bedroom 2
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 132
    • Dimensions: 11x12
    Bathroom
    • Features: Floor Covering: Vinyl
    • Level: Main
    • Area: 49
    • Dimensions: 7x7
    Kitchen
    • Features: Floor Covering: Vinyl
    • Level: Main
    • Area: 156
    • Dimensions: 13x12
    Laundry
    • Features: Floor Covering: Vinyl
    • Level: Main
    • Area: 108
    • Dimensions: 9x12
    Living room
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 192
    • Dimensions: 16x12
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Gas Oven, Refrigerator, Washer
    • Laundry: Laundry Room, Main Level
    Features
    • Flooring: Hardwood
    • Basement: Partial
    • Has fireplace: No
    Interior area
    • Total structure area: 789
    • Total interior livable area: 789 sqft
    • Finished area above ground: 789
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage, Gravel
    • Garage spaces: 1
    Features
    • Levels: One
    • Patio & porch: Porch
    Lot
    • Size: 10,018 Square Feet
    • Dimensions: 197 x 50
    • Features: Back Yard
    Details
    • Parcel number: 1504401006
    • Special conditions: Listing As Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Block
    Condition
    • Year built: 1946

    Utilities & green energy

    • Electric: Ameren
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: Not In A Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Litchfield

    Financial & listing details

    • Price per square foot: $32/sqft
    • Tax assessed value: $47,880
    • Annual tax amount: $1,425
    • Date on market: 12/23/2025
    • Cumulative days on market: 182 days
    • Listing terms: Cash,Conventional
    • Ownership: Private
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    8/19/2026Listing removed$875$1/sqft
    Source: Zillow Rentals Report a problem
    8/13/2026Listed for rent$875$1/sqft
    Source: Zillow Rentals Report a problem
    7/30/2026Sold$25,000-35.9%$32/sqft
    Source: MARIS #25082168 Report a problem
    7/14/2026Pending sale$39,000$49/sqft
    Source: MARIS #25082168 Report a problem
    7/14/2026Listed for sale$39,000$49/sqft
    Source: MARIS #25082168 Report a problem
    6/24/2026Listing removed$39,000$49/sqft
    Source: MARIS #25082168 Report a problem
    6/10/2026Price change$39,000-22%$49/sqft
    Source: MARIS #25082168 Report a problem
    12/23/2025Listed for sale$50,000$63/sqft
    Source: MARIS #25082168 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,425 +4.9%$15,960 +7.3%
    2023$1,359 +5.5%$14,880 +7.5%
    2022$1,288 +6.1%$13,840 +10.3%
    2021$1,214 +4.7%$12,550 +2.4%
    2020$1,160 -0.9%$12,250 +2.1%
    2019$1,170 -9.4%$12,000 -7.3%
    2018$1,291 +1.9%$12,950 +2.8%
    2017$1,267 $12,600 +1.2%
    2016$1,267 +839.8%$12,450
    2015$135 -78.1%$12,450 +0.6%
    2013$614 -3%$12,380 -3.1%
    2011$633 +0.8%$12,770 -1.6%
    2009$628 $12,980
    Find assessor info on the county website

    Neighborhood: 62056

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Litchfield Dist 12
    • Middle: Litchfield Dist 12
    • High: Litchfield Community High Scho

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