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    • Listed by: Real Broker LLC • Mitchell A Cain • Contact: 618-292-7227
    Bought with: Equity Realty Group, LLC
    $160,000

    505 Schroeder Dr, Salem, IL 62881

    3beds
    1,448sqft
    Single Family Residence
    Built in 1980
    10,079 Square Feet Lot
    $164,200 Zestimate®
    $110/sqft
    $1,566 Estimated rent

    Home value

    $164,200

    Estimated sales range

    Not available

    $1,566/mo

    Zestimate® history
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    What's special

    Fenced-in backyardUpdated finishesSpacious backyard
    Check out this beauty with a brand-new kitchen! This charming 3-bedroom, 2-bath home is truly move-in ready and perfect for a growing family. Located in one of Salem’s most desirable neighborhoods, this home features a spacious backyard, updated finishes, and a quiet, family-friendly atmosphere in the Prairie View Estates Subdivision. Enjoy the convenience of being close to your favorite restaurants, coffee shops, and grocery stores. Need some fresh air? Grab your pup from the fenced-in backyard and take a relaxing stroll through the peaceful neighborhood with minimal traffic. This home has been lovingly maintained and is ready for its next owners to make it their own. *Agent owned home*

    Zillow last checked:

    Listing updated:

    Listed by:

    Mitchell A Cain 618-292-7227,

    Real Broker LLC

    Bought with:

    Melissa D Jarrell, 475.204551

    Equity Realty Group, LLC

    Source: MARIS,MLS#: 26003664MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,448 sqft
    • Finished area above ground: 1,448

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    Lot
    • Size: 10,079 Square Feet
    • Features: City Lot
    Details
    • Parcel number: 1100024425
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Year built: 1980

    Utilities & green energy

    • Electric: Ameren
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Not Available, Water Connected

    Community & HOA

    Community
    • Subdivision: Prairie View Estates
    HOA
    • Has HOA: No
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $110/sqft
    • Tax assessed value: $121,350
    • Annual tax amount: $2,539
    • Date on market: 1/22/2026
    • Cumulative days on market: 12 days
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan

    Price history

    DateEventPrice
    3/4/2026Sold$160,000-8.6%$110/sqft
    Source: MARIS #26003664 Report a problem
    2/3/2026Pending sale$175,000$121/sqft
    Source: MARIS #26003664 Report a problem
    1/23/2026Listed for sale$175,000+84.2%$121/sqft
    Source: MARIS #26003664 Report a problem
    10/28/2025Sold$95,000-32.1%$66/sqft
    Source: MARIS #25065145 Report a problem
    2/4/2015Listing removed$139,900$97/sqft
    Source: Somer Real Estate #330775 Report a problem
    12/27/2014Listed for sale$139,900+70.6%$97/sqft
    Source: Somer Real Estate #330775 Report a problem
    6/16/2014Sold$82,000-6.3%$57/sqft
    Source: Public Record Report a problem
    3/25/2014Listed for sale$87,500+379.5%$60/sqft
    Source: Jeff Dunahee Realty #324981 Report a problem
    8/16/2012Sold$18,250-55.8%$13/sqft
    Source: Public Record Report a problem
    2/15/2006Sold$41,250$28/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,539 +0.8%$40,450 +7%
    2023$2,519 +5%$37,810 +10%
    2022$2,399 +3.5%$34,370 +7%
    2021$2,317 +1.4%$32,120 +4.6%
    2020$2,284 +2.3%$30,710
    2019$2,232 -0.2%$30,710
    2018$2,237 +1.5%$30,710 +2%
    2017$2,205 +243%$30,100 +139.1%
    2016$643 +10596.5%$12,590
    2015$6 +4.7%$12,590 +2.1%
    2012$6 -71.9%$12,330 -57.3%
    2011$20 -99%$28,850 -2.1%
    2010$1,994 -2%$29,470
    2009$2,035 $29,470
    Find assessor info on the county website

    Neighborhood: 62881

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Salem Dist 111
    • Middle: Salem Dist 111
    • High: Salem Community

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

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