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

503 E Cedar Ln
Monticello, IL 61856

  • 3 Beds
  • 1 Bath
  • 1,293 sqft

$244,800

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $1,693/mo*
Refinance Your Home

$244,800

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $1,693/mo*
Refinance Your Home
3 Beds
1 Bath
1,293 sqft

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

Property Type
Single-Family Home
Year Built
1962
Living Area
1,293 sqft
Price/Sqft
$189
Parking
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). It is currently off market. The Trulia Estimate is $244,800, with a rent estimate of $1,656/month.

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
Last check for updates: about 7 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

Price History for 503 E Cedar Ln

DatePriceEventSource
06/27/2025$232,000Sold
MRED as distributed by MLS GRID #12351005
05/14/2025$229,900ContingentMRED as distributed by MLS GRID #12351005
05/07/2025$229,900Listed For SaleMRED as distributed by MLS GRID #12351005
06/04/2018$139,000Sold
MRED as distributed by MLS GRID #09904662

Market trends in Monticello

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
29
3MoM
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Comparable Sales for 503 E Cedar Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
810 E North St, Monticello, IL
0.13
Single-Family Home
$269,900
08/06/25
3
1.5
1,411
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
918 E Lincoln St, Monticello, IL
0.29
Single-Family Home
$143,000
08/20/25
2
1
1,004
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

Nearby homes

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Assigned Schools

These are the assigned schools for 503 E Cedar Ln.
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. "
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  • 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
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  • 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
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Homes for sale near 503 E Cedar Ln

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Off Market Homes Near 503 E Cedar Ln

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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