127 Murray Ave, Panama, IL 62077
Property image
Property image
SOLD
MAR 11, 2026
Listed by Stephanie Noyes, MCR Realty Professionals, Inc, (217) 851-5961 . Bought with Keller Williams Pinnacle

$235,900

Trulia Estimate
  • 4 Beds
  • 1.5 Baths
  • 1,562 sqft (on 6.40 acres)

127 Murray Ave, Panama, IL 62077

Est. Refi. Payment $1,679/mo*
Refinance Your Home
Currently Off Market - Sold Mar 11, 2026 for $212,980 (7% above list price)

Home Value

Trulia Estimate
$236K
Since last month
Increased$39K (+20%)
Since last year
Increased$103K (+77%)
Since last sale
Increased$23K (+10.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +186% in the last 10 years
MonthEstimated value
2026
September 2026$236K
August 2026$197K
July 2026$199K
June 2026$199K
May 2026$199K
April 2026$198K
March 2026$214K
February 2026$197K
January 2026$196K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
113 Hickory St, Panama, IL
0.32
Single-Family Home
$76,760
06/12/26
2
1
1,098
127 Hilton Ave, Panama, IL
0.16
Single-Family Home
$65,500
06/15/26
3
1
1,056
518 North Ave, Panama, IL
0.41
Single-Family Home
$17,000
04/10/26
3
1
1,326
1976 Motyka Ln, Donnellson, IL
1.36
Single-Family Home
$430,000
08/06/26
2
2.5
1,280
313 E Taylor St, Sorento, IL
3.08
Single-Family Home
$118,450
01/28/26
3
1
1,008
117 S West St, Sorento, IL
3.38
Single-Family Home
$86,000
08/13/26
3
1
1,774
603 S Main St, Sorento, IL
3.41
Single-Family Home
$148,000
09/24/25
3
1.5
1,293

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Panama Ave, Panama, IL 62077
0.13
$16,900
-
-
-
For Sale
Walnut St, Panama, IL 62077
0.12
-
-
-
-
Off Market
127 Hilton Ave, Panama, IL 62077
0.16
$65,500
3
1
1,056
Recently Sold
236 Cleveland Ave, Panama, IL 62077
0.20
$208,100
3
2.5
2,520
Off Market
107 Fisher Ave, Panama, IL 62077
0.26
-
-
-
-
Off Market
206 Jefferson St, Panama, IL 62077
0.26
$92,100
2
1
740
Off Market
202 Plum St, Donnellson, IL 62019
0.24
-
2
1
1,180
Off Market
103 Fisher Ave, Panama, IL 62077
0.29
$320,000
3
2
1,500
For Sale
113 Hickory St, Panama, IL 62077
0.32
$76,760
2
1
1,098
Recently Sold
126 Colvin Ave, Sorento, IL 62086
0.41
$21,200
2
1
766
Off Market
518 North Ave, Panama, IL 62077
0.41
$17,000
3
1
1,326
Recently Sold

Local Information

  • Map ViewExplore the area around 127 Murray Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1977
6.4 acre lot
1,562 sqft
$136/sqft
Garage

About this House

Charming and beautifully updated ranch home situated on a peaceful, wooded 6.40 acre +/- setting that is ideal for nature hikes and ATV riding. This adorable property offers 4 bedrooms, a full bath, and a convenient half bath located in the primary bedroom with the potential to be easily converted into a second full bath. The bright kitchen features a dining combination, making it perfect for everyday living and entertaining. The living room is enhanced with surround sound, creating a comfortable space for relaxing or hosting guests. Numerous updates throughout the home provide a truly move-in-ready feel, including a mini-split system added to the primary bedroom in fall 2025 for added comfort. Exterior amenities include a storage shed and a spacious 24x28 detached garage with concrete flooring, electric heat, and wall unit air conditioning. Enjoy summer days in the 52 foot above-ground pool installed in 2024. The home is serviced by public water, public sewer, and natural gas. Offering space, comfort, and functionality, this property is ready for its next owner.
127 Murray Ave, Panama, IL 62077 is a 4 bedroom, 2 bathroom, 1,562 sqft single-family home built in 1977. It last sold for $212,980 on Mar 11, 2026 (7% above the $199,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $235,900, with a rent estimate of $1,196/month.

Home Details for 127 Murray Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 7Types of Rooms: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Primary Bathroom, Bathroom, Kitchen, Laundry, Living Room, Mud Room
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 1562 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedLaundry: Main Level
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: AmerenHas Electric on Property
Levels, Entrance, & Accessibility
Levels: One

Exterior Features

Exterior Home Features
Patio / Porch: PatioOther Structures: Shed(s)Has a Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 2Number of Covered Spaces: 4Has a CarportHas a GarageNo Attached GarageParking Spaces: 4Parking: Detached,Garage,Garage Door Opener
Pool
Pool: Above GroundPool
Frontage
Road Surface Type: GravelNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1562 Square Feet

Days on Market

Cumulative Days on Market: 60

Property Information

Year Built
Year Built: 1977
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional,Ranch
Building
Construction Materials: Vinyl SidingNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty
Property Information
Condition: Updated/RemodeledParcel Number: 2022353007, 2022353001, 2022354003, & other

Price & Status

Price
List Price: $199,900Price Per Sqft: $136/sqft
Status Change & Dates
Off Market Date: Wed Mar 11 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: PanamaCommunity: Not In A Subdivision
School Information
Elementary School: Hillsboro Dist 3Jr High / Middle School: Hillsboro Dist 3High School: Hillsboro Community High SchooHigh School District: HILLSBORO DIST 3

Building

Building Area
Building Area: 1562 Square Feet

HOA

Association for this Listing: Southwestern Illinois Board of REALTORSNo HOA

Lot Information

Lot Area: 6.4 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Business

Business Information
Ownership: Private

Miscellaneous

BasementMls Number: 26000674Above Grade Unfinished Area: 1562Showing Requirements: Appointment Only

Price and Tax history

DateEventPrice
Mar 11, 2026
Source: MARIS #26000674
Sold
$212,980
Jan 19, 2026
Source: MARIS #26000674
Contingent
$199,900
Jan 10, 2026
Source: MARIS #26000674
Listed For Sale
$199,900
Jun 12, 2020
Source: MARIS #20025003
Sold
$90,000

Market trends in Walshville

Last updated August 2026
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Around this home

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Frequently asked questions about 127 Murray Ave

  • What is 127 Murray Ave estimated to be worth?
    Trulia's estimated value for 127 Murray Ave in Panama, IL is $235,900.
  • What is the price history for 127 Murray Ave?
    127 Murray Ave in Panama, IL last sold for $212,980 in March 2026.
  • Is Panama a buyer's or seller's market?
    Panama is currently a balanced market, based on recent for-sale activity.
  • What are the closest schools to 127 Murray Ave?
    The closest schools to 127 Murray Ave in Panama, IL are Beckemeyer Elementary School (rated 7/10), Hillsboro High School (rated 7/10), Hillsboro Jr High School (rated 8/10).
  • Does 127 Murray Ave have air conditioning?
    Yes, 127 Murray Ave in Panama, IL has air conditioning.
  • Does 127 Murray Ave have a pool?
    Yes, 127 Murray Ave in Panama, IL has a pool.

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