516 E Adams St, Springfield, IL 62701
OFF MARKET

516 E Adams St
Springfield, IL 62701

Downtown
  • Studio

$245,200

Trulia Estimate
as of Aug 13, 2026

$245,200

Trulia Estimate
as of Aug 13, 2026
Studio

Home Value

Trulia Estimate
$245K
Since last month
Decreased$700 (-0.3%)
Since last year
Increased$71K (+38.9%)
Since last sale
Increased$102K (+68.3%)
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 +11% in the last 10 years
MonthEstimated value
2026
August 2026$252K
July 2026$250K
June 2026$253K
May 2026$234K
April 2026$242K
March 2026$239K
February 2026$250K
January 2026$236K
2025
2024
2023

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
810 E Edwards St, Springfield, IL
0.37
Single-Family Home
$70,000
11/03/25
3
2.5
1,732
421 W Jackson Pkwy, Springfield, IL
0.61
Single-Family Home
$130,000
10/21/25
5
7.5
4,457
441 Jackson Pkwy, Springfield, IL
0.64
Single-Family Home
$158,900
06/08/26
3
1.5
1,420
328 W Mason St, Springfield, IL
0.63
Single-Family Home
$120,000
09/12/25
6
2
2,000
719 N 6th St, Springfield, IL
0.61
Single-Family Home
$94,000
04/23/26
-
-
434 W Edwards St, Springfield, IL
0.68
Single-Family Home
$115,000
10/09/25
3
2
2,094
901 S College St, Springfield, IL
0.73
Single-Family Home
$170,000
11/25/25
-
-
433 W Lawrence Ave, Springfield, IL
0.74
Single-Family Home
$174,500
06/15/26
3
1.5
2,029
413 W Capitol Ave, Springfield, IL
0.57
Single-Family Home
$69,000
06/04/26
-
-
815 S 4th St, Springfield, IL
0.49
Single-Family Home
$50,000
01/16/26
-
-

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
8 S Old State Capitol Plz #A, Springfield, IL 62701
0.02
$199,000
2
2
1,200
For Sale
226 S 6th St #302, Springfield, IL 62701
0.06
$112,200
1
1
719
Off Market
118 S 4th St, Springfield, IL 62701
0.11
$177,700
2
2
972
Off Market
6600 S 6th St, Springfield, IL 62701
0.09
$88,200
1
1.5
800
Off Market
6 Starnes St, Ringwood, IL 60072
0.28
$63,500
1
1
818
Off Market
301 N 5th St, Springfield, IL 62701
0.31
$299,000
-
-
-
For Sale
720 E Edwards St, Springfield, IL 62703
0.34
$367,200
2
2
5,190
Off Market
810 E Edwards St, Springfield, IL 62703
0.37
$70,000
3
2.5
1,732
Recently Sold
614 S 8th St, Springfield, IL 62703
0.38
$125,300
3
2
3,343
Off Market
718 S 7th St #302, Springfield, IL 62703
0.43
$78,900
2
2
1,148
Off Market
718 S 7th St #602, Springfield, IL 62703
0.43
$171,800
3
4
2,314
Off Market
718 S 7th St #703, Springfield, IL 62703
0.43
$54,100
2
1.5
881
Off Market

Local Information

  • Map ViewExplore the area around 516 E Adams St.
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Commute Destination

Home Highlights

Property Type
Single-Family Home

About this House

This single-family home is located at 516 E Adams St, Springfield, IL. 516 E Adams St is in the Downtown neighborhood in Springfield, IL and in ZIP code 62701.
516 E Adams St, Springfield, IL 62701 is a studio single-family home in Downtown. It last sold for $150,000 on Sep 17, 2024. It is currently off market. The Trulia Estimate is $245,200, with a rent estimate of $1,520/month.

Home Details for 516 E Adams St

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Sep 17, 2024
Source: N/A
Sold
$150,000
Sep 29, 2020
Source: N/A
Sold
$210,000

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
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Around this home

Neighborhood Overview

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

What Locals Say about Downtown

At least 9 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 85 % Say there are sidewalks

  • 81 % Say streets are well-lit

  • 78 % Say it's walkable to restaurants

  • 76 % Say parking is easy

  • 69 % Say it's dog friendly

  • 53 % Say there's wildlife

  • 53 % Say there are community events

  • 50 % Say people would walk alone at night

  • 43 % Say there's holiday spirit

  • 42 % Say neighbors are friendly

  • 39 % Say they plan to stay for at least 5 years

  • 35 % Say it's walkable to grocery stores

  • 29 % Say it's quiet

  • 23 % Say yards are well-kept

  • 15 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "its not far from my job. but the area isnt fantastic in my personal opinion but i know a lot of people that have lived over there and had no issues"
    11
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

63 pet-friendly rentals in Springfield, IL

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Homes for sale near 516 E Adams St

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Off Market Homes Near 516 E Adams St

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Frequently asked questions about 516 E Adams St

  • What is 516 E Adams St estimated to be worth?
    Trulia's estimated value for 516 E Adams St in Springfield, IL is $245,200.
  • What is the price history for 516 E Adams St?
    516 E Adams St in Springfield, IL last sold for $150,000 in September 2024.
  • 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.