501 N Walnut St, Springfield, IL 62702
Property image
Property image
OFF MARKET

501 N Walnut St
Springfield, IL 62702

Oak Ridge
  • 3 Beds
  • 2 Baths
  • 1,414 sqft
3 Beds
2 Baths
1,414 sqft

Home Value

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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
524 W Carpenter St, Springfield, IL
0.07
Single-Family Home
$115,000
01/23/26
3
2
1,026
920 W Calhoun St, Springfield, IL
0.40
Single-Family Home
$10,000
10/06/25
3
1
1,325
252 N English Ave, Springfield, IL
0.34
Single-Family Home
$90,000
06/23/26
3
2
1,291
202 S Glenwood Ave, Springfield, IL
0.45
Single-Family Home
$38,000
11/14/25
3
1.5
1,616
135 N State St, Springfield, IL
0.35
Single-Family Home
$148,127
06/12/26
3
2
1,627
926 Patton Ave, Springfield, IL
0.36
Single-Family Home
$95,000
03/26/26
3
1.5
1,073
200 N Douglas Ave, Springfield, IL
0.42
Single-Family Home
$110,000
09/12/25
3
1.5
1,685
700 W Dorlan Ave, Springfield, IL
0.23
Single-Family Home
$120,000
10/10/25
2
2
1,008
749 N Walnut St, Springfield, IL
0.22
Single-Family Home
$143,000
06/22/26
3
1
1,603
917 N Osburn Ave, Springfield, IL
0.33
Single-Family Home
$47,500
11/26/25
3
1
1,200

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
606 W Carpenter St, Springfield, IL 62702
0.04
$133,100
2
1.5
1,721
Off Market
610 W Carpenter St, Springfield, IL 62702
0.05
$97,600
2
1
611
Off Market
524 W Carpenter St, Springfield, IL 62702
0.07
$115,000
3
2
1,026
Recently Sold
520 W Carpenter St, Springfield, IL 62702
0.08
$114,100
3
2
1,500
Off Market
702 W Miller St, Springfield, IL 62702
0.12
$86,200
3
2
1,506
Off Market
335 N Glenwood Ave, Springfield, IL 62702
0.19
$132,900
4
2
1,848
Off Market
422 W Carpenter St, Springfield, IL 62702
0.17
$78,800
1
1
1,000
Off Market
421 W Reynolds St, Springfield, IL 62702
0.18
$74,200
3
1
1,216
Off Market
319 N Glenwood Ave, Springfield, IL 62702
0.20
$87,100
2
1
1,200
Off Market
728 N Osburn Ave, Springfield, IL 62702
0.19
$113,900
2
1
1,191
Off Market
732 N Osburn Ave, Springfield, IL 62702
0.19
$103,600
2
1
980
Off Market
411 W Carpenter St, Springfield, IL 62702
0.20
$79,900
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 501 N Walnut St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1912
Living Area
1,414 sqft

About this House

INVESTOR ALERT! This is a distressed property in need of repair and finishing - price is reflective. Main level features a living room, full bath, formal dining, eat-in kitchen. Upper level offers two additional large bedrooms, a sunroom and a full bath. Unfinished basement for storage. Furnace & water heater are still in place but home is in need of roof replacement. Currently a single family floor plan but original home was a duplex, so may be able to be converted. Offers a convenient central location close to downtown in Springfield High School district.
501 N Walnut St, Springfield, IL 62702 is a 3 bedroom, 2 bathroom, 1,414 sqft single-family home in Oak Ridge, built in 1912. It last sold for $7,500 on Feb 1, 2023. It is currently off market. The Trulia Estimate rent is $1,332/month.

Home Details for 501 N Walnut St

Property Information

Year Built
Year Built: 1912
Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Feb 1, 2023
Source: N/A
Sold
$7,500
Jan 3, 2023
Source: RMLS Alliance as distributed by MLS GRID #CA1018956
PriceChange
$14,900
Price decreased by 7%
Dec 12, 2022
Source: RMLS Alliance as distributed by MLS GRID #CA1018956
PriceChange
$16,000
Price decreased by 20%
Nov 19, 2022
Source: RMLS Alliance as distributed by MLS GRID #CA1018956
PriceChange
$19,900
Price decreased by 20%
Nov 8, 2022
Source: RMLS Alliance as distributed by MLS GRID #CA1018956
PriceChange
$24,900
Price decreased by 9%

Market trends in Springfield

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$192K
$20.83KMoM
Sale-to-List Price
100.0%
0.3%MoM
Price per sq ft
$116
$4MoM
Available listings
342
34MoM

Around this home

Neighborhood Overview

Oak Ridge
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Oak Ridge

At least 4 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 70 % Say yards are well-kept

  • 67 % Say it's dog friendly

  • 67 % Say kids play outside

  • 64 % Say there are sidewalks

  • 64 % Say there's holiday spirit

  • 60 % Say it's walkable to grocery stores

  • 56 % Say it's quiet

  • 50 % Say it's walkable to restaurants

  • 50 % Say there's wildlife

  • 50 % Say parking is easy

  • 50 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

  • 36 % Say people would walk alone at night

  • 32 % Say neighbors are friendly

  • 28 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Rita Flynn
    "Friendly neighbors, no fights, peace, and quiet. A nice neighborhood for your animal. Be able to relax in your home without any worries of someone trying to break in or rob or kill you."
    1
    Flag
  • Trulia User
    "Established neighborhood with long time residents but a good mix of young and old. People look out for each other here."
    0
    Flag
  • Josephlm1979
    "quiet neighborhood where most people own their home, and have for many years. cloae to schools and amenities."
    4
    Flag
  • Nelleon6
    "We all get are grass cut at the same time know each other well. They have animals that we like to see nice people"
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 501 N Walnut St

  • What is the price history for 501 N Walnut St?
    501 N Walnut St in Springfield, IL last sold for $7,500 in February 2023.
  • Is Springfield a buyer's or seller's market?
    Springfield is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Springfield?
    The median sale price in Springfield is $192K. That is up $20.83K from the prior month.
  • What are the closest schools to 501 N Walnut St?
    The closest schools to 501 N Walnut St in Springfield, IL are Enos Elementary School (rated 4/10), Springfield High School (rated 5/10), U S Grant Middle School (rated 2/10).

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