503 E Cedar Ln, Monticello, IL 61856
Property image
Property image
OFF MARKET

$244,700

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,293 sqft

503 E Cedar Ln, Monticello, IL 61856

Est. Refi. Payment $1,731/mo*
Refinance Your Home
Currently Off Market - Sold Jun 27, 2025 for $232,000

Home Value

Trulia Estimate
$245K
Since last month
Increased$200 (+0.1%)
Since last year
Increased$12K (+5.3%)
Since last sale
Increased$14K (+5.9%)
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 +66% in the last 10 years
MonthEstimated value
2026
September 2026$246K
August 2026$245K
July 2026$246K
June 2026$243K
May 2026$242K
April 2026$241K
March 2026$240K
February 2026$235K
January 2026$238K
2025
2023
2022
2021

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
908 Lincoln Dr, Monticello, IL
0.21
Single-Family Home
$173,000
09/15/26
3
1
1,084
842 N Walnut St, Monticello, IL
0.24
Single-Family Home
$190,000
11/10/25
3
1.5
1,403
716 E Grant St, Monticello, IL
0.23
Single-Family Home
$312,000
12/12/25
3
2
1,468
702 E Lincoln St, Monticello, IL
0.29
Single-Family Home
$152,000
07/20/26
3
1
903
708 E North St, Monticello, IL
0.13
Single-Family Home
$280,000
11/03/25
4
3
1,150
704 E Lincoln St, Monticello, IL
0.29
Single-Family Home
$150,000
06/29/26
2
1
1,020
819 E Center St, Monticello, IL
0.43
Single-Family Home
$155,000
06/11/26
2
1
1,497
604 E Center St, Monticello, IL
0.42
Single-Family Home
$93,000
05/19/26
3
1
1,244
105 Lone Beech Rd, Monticello, IL
0.25
Single-Family Home
$285,000
10/17/25
3
2
2,589
411 E Lincoln St, Monticello, IL
0.35
Single-Family Home
$139,950
05/29/26
2
1
840

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
505 N Maple Ln, Monticello, IL 61856
0.06
$260,300
3
2
1,650
Off Market
501 E Cedar Ln, Monticello, IL 61856
0.02
$286,100
4
2
1,989
Off Market
818 Stoddard Ct, Monticello, IL 61856
0.08
$234,700
3
2
1,536
Off Market
404 Maple Ln, Monticello, IL 61856
0.06
$246,700
3
2
1,713
Off Market
602 E Cedar Ln, Monticello, IL 61856
0.07
$268,800
3
1.5
1,363
Off Market
1103 Hickory Ln, Monticello, IL 61856
0.07
$265,100
4
2
2,114
Off Market
401 E Cedar Ln, Monticello, IL 61856
0.08
$288,100
3
3
2,550
Off Market
403 Maple Ln, Monticello, IL 61856
0.09
$169,300
3
1
1,100
Off Market
1003 Poplar St, Monticello, IL 61856
0.11
$273,000
3
1.5
1,535
Off Market
1106 Poplar Ln, Monticello, IL 61856
0.09
$191,100
3
1
1,090
Off Market
1009 Poplar St, Monticello, IL 61856
0.10
$266,500
3
1.5
1,226
Off Market

Local Information

  • Map ViewExplore the area around 503 E Cedar Ln.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1962
1,293 sqft
$189/sqft
1 Car Garage

About this House

Welcome to this charming and well-maintained 3-bedroom, 1-bath ranch offering over 1,200 sq ft of comfortable living space-all on one convenient level. Nestled in the heart of Monticello, this home combines classic appeal with modern updates that are sure to impress. Step inside to discover a bright and inviting interior, where large windows flood the space with natural light throughout the day. The kitchen was beautifully remodeled in 2023, featuring quartz countertops, and new flooring, and a layout perfect for everyday living and entertaining. The bathroom was tastefully updated in 2015 as well. All three bedrooms are generously sized, offering flexible space for family, guests, or a home office. The smart, single-level layout ensures easy living with everything right where you need it. Step outside to your own private retreat-complete with a spacious deck, a gazebo and pergola, and a relaxing saltwater hot tub, all included with the property. Whether you're sipping your morning coffee or hosting an evening gathering, this outdoor space is the perfect escape. This is truly a move-in-ready gem offering comfort, convenience, and character inside and out. Don't miss your chance to call this Monticello beauty home!
503 E Cedar Ln, Monticello, IL 61856 is a 3 bedroom, 1 bathroom, 1,293 sqft single-family home built in 1962. It last sold for $232,000 on Jun 27, 2025 (1% above the $229,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $244,700, with a rent estimate of $1,605/month.
Last check for updates: about 4 hours ago
Listed by Kyle Koester, (217) 202-5639
KELLER WILLIAMS-TREC-MONT
Bought with: Kyle Koester, (217) 202-5639, KELLER WILLIAMS-TREC-MONT
Source: MRED as distributed by MLS GRID, MLS#12351005

Home Details for 503 E Cedar Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1293 Square Feet
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Living RoomHas a Fireplace
Levels, Entrance, & Accessibility
Stories: 1Accessibility: No Disability Access
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Block
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: Concrete,Garage Door Opener,On Site,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl Siding, BrickNot a New Construction
Property Information
Parcel Number: 05005400127700

Price & Status

Price
List Price: $229,900
Status Change & Dates
Off Market Date: Tue May 13 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: Monticello
School Information
Elementary School: Monticello ElementaryElementary School District: 25Jr High / Middle School: Monticello Junior High SchoolJr High / Middle School District: 25High School: Monticello High SchoolHigh School District: 25

Agent Information

Buyer Agent
Buyer Company Name: Koester Homes

Building

Building Area
Building Area: 1293 Square Feet

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 9044 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12351005Activation Date: Wed May 07 2025

Additional Information

MRD SHARE WITH CLIENTS: YesSource Internet Entire Listing DisplaySource Internet Address DisplayMRD REMARKSINTERNET: Yes

Price and Tax history

DateEventPrice
Jun 27, 2025
Source: MRED as distributed by MLS GRID #12351005
Sold
$232,000
May 14, 2025
Source: MRED as distributed by MLS GRID #12351005
Contingent
$229,900
May 7, 2025
Source: MRED as distributed by MLS GRID #12351005
Listed For Sale
$229,900
Jun 4, 2018
Source: MRED as distributed by MLS GRID #09904662
Sold
$139,000

Market trends in Monticello

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
31
6MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Monticello

At least 25 Trulia users voted on each feature.

  • 97 % Say it's dog friendly

  • 94 % Say people would walk alone at night

  • 93 % Say parking is easy

  • 88 % Say kids play outside

  • 86 % Say yards are well-kept

  • 84 % Say car is needed

  • 81 % Say there's holiday spirit

  • 79 % Say it's quiet

  • 73 % Say neighbors are friendly

  • 73 % Say they plan to stay for at least 5 years

  • 69 % Say it's walkable to restaurants

  • 66 % Say there are sidewalks

  • 53 % Say it's walkable to grocery stores

  • 50 % Say streets are well-lit

  • 47 % Say there are community events

  • 46 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Nikki Johnson
    "Love Monticello. It’s an amazing community. Safe, friendly and fun. Great location. Nice shops. Nice downtown. Great schools. Nice parks. Family oriented. "
    0
    Flag
  • Gtrg8t79r6
    "Easy. Takes 20 minutes to get to Champaign. Take Monticello road straight into Champaign. Decatur 30 min from here. Champaign from here. Springfield only 1 hour from here. Great location. Easy to get in to town and to get around. "
    0
    Flag
  • Pauljbrandon53
    "Best schools in the area, and a wonderful place to raise a family. Beautiful parks with miles of walking trails. Monticello is a very safe community."
    0
    Flag
  • Pauljbrandon53
    "Monticello has the Best school system south of Chicago, and there is very little crime, lovely older homes. "
    0
    Flag
  • mevanees
    "This area of Monticello provides easy walking/biking to the lovely downtown area including restaurants, shops and businesses. Also this area is easily accessible to the high school and all the related sports events. The large yard would make it a gardener's dream home."
    1
    Flag
  • Rk8family
    "Monticello is such a warm, welcoming community with lots to do for the whole family. It offers all the groups, organizations, and sports for the kids plus quaint shopping in town with tons of additional shopping in Champaign just 20 min. away."
    2
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information

Frequently asked questions about 503 E Cedar Ln

  • What is 503 E Cedar Ln estimated to be worth?
    Trulia's estimated value for 503 E Cedar Ln in Monticello, IL is $244,700.
  • What is the price history for 503 E Cedar Ln?
    503 E Cedar Ln in Monticello, IL last sold for $232,000 in June 2025.
  • Is Monticello a buyer's or seller's market?
    Monticello is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Monticello?
    Residents describe Monticello, IL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Monticello, IL.
  • Does 503 E Cedar Ln have air conditioning?
    Yes, 503 E Cedar Ln in Monticello, IL has air conditioning.
  • Does 503 E Cedar Ln have laundry facilities?
    Yes, 503 E Cedar Ln in Monticello, IL has laundry facilities.

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