516 E Locust St, Salem, IL 62881
Property image
Property image
OFF MARKET

$95,300

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,120 sqft

516 E Locust St, Salem, IL 62881

Est. Refi. Payment $703/mo*
Refinance Your Home
Currently Off Market - Sold Jan 3, 2024 for $81,500

Home Value

Trulia Estimate
$95.3K
Since last month
Increased$500 (+0.5%)
Since last year
Increased$6K (+6.6%)
Since last sale
Increased$14K (+17.4%)
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 +40% in the last 10 years
MonthEstimated value
2026
August 2026$96K
July 2026$95K
June 2026$95K
May 2026$96K
April 2026$93K
March 2026$92K
February 2026$93K
January 2026$92K
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
307 E Elm St, Salem, IL
0.14
Single-Family Home
$30,000
09/03/25
2
1
1,110
511 N Shelby Ave, Salem, IL
0.43
Single-Family Home
$80,000
05/15/26
3
1
1,092
501 N Shelby Ave, Salem, IL
0.41
Single-Family Home
$95,000
08/03/26
2
1
1,156
803 S Maple St, Salem, IL
0.44
Single-Family Home
$80,000
05/07/26
2
1
838
1220 S Jefferson St, Salem, IL
0.46
Single-Family Home
$86,000
09/02/25
3
1
1,106
416 S Maple St, Salem, IL
0.36
Single-Family Home
$112,500
04/21/26
3
1
1,259
315 S Lackey St, Salem, IL
0.37
Single-Family Home
$42,000
12/23/25
3
1
977
621 E Oglesby St, Salem, IL
0.61
Single-Family Home
$82,000
12/01/25
2
1
865
212 W Allmon St, Salem, IL
0.67
Single-Family Home
$83,000
08/17/26
2
1
1,485
515 N Marion St, Salem, IL
0.44
Single-Family Home
$62,800
01/14/26
2
1
760

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
508 E Locust St, Salem, IL 62881
0.02
$67,600
2
1
1,159
Off Market
508 S Marion Ave, Salem, IL 62881
0.05
$86,100
2
1
1,100
Off Market
511 S Hamilton St, Salem, IL 62881
0.09
$79,000
2
1
996
Off Market
S Hamilton St, Salem, IL 62881
0.07
-
-
-
-
Off Market
312 E Locust St, Salem, IL 62881
0.14
-
2
1
1,056
Off Market
307 E Elm St, Salem, IL 62881
0.14
$81,900
2
1
1,110
Off Market
527 S Rotan St, Salem, IL 62881
0.15
$95,000
3
1
1,134
Recently Sold
416 S Marion Ave, Salem, IL 62881
0.10
$81,500
3
1
1,468
Off Market
308 S Jefferson St, Salem, IL 62881
0.17
$70,900
2
1
975
Off Market
307 E Church St, Salem, IL 62881
0.17
$23,000
-
-
-
For Sale
303 E Church St, Salem, IL 62881
0.18
$66,800
2
1
1,427
Off Market

Local Information

  • Map ViewExplore the area around 516 E Locust St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1940
Living Area
1,120 sqft
Price/Sqft
$85

About this House

Come see this super cute 2 bed/1 bath home with an inviting front porch and huge private fenced in back yard! The home features a open living room and dining room with lots of natural light! The majority of the home features the original hardwoods. The bathroom and kitchen have luxury vinyl. The basement has 875 extra unfinished sq feet, and has room for an additional bathroom. There is also a full unfinished attic that can easily be another 1 to 2 bedrooms.
516 E Locust St, Salem, IL 62881 is a 2 bedroom, 1 bathroom, 1,120 sqft single-family home built in 1940. It last sold for $81,500 on Jan 3, 2024 (4% below the $85,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $95,300, with a rent estimate of $1,194/month.
Last check for updates: about 4 hours ago
Listed by Dee Ann Arey, (303) 646-7867
MIDWEST FARM & LAND
Bought with: MELISSA JARRELL, (618) 927-6342, DYNACONNECTIONS
Source: MRED as distributed by MLS GRID, MLS#EB450687

Home Details for 516 E Locust St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,Egress Window,PartialNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Dining Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1120 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Microwave, RangeMicrowave
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Windows, Doors, Floors & Walls
Window: Window Treatments
View
No View

Exterior Features

Exterior Home Features
Patio / Porch: PorchFencing: Fenced
Parking & Garage
No Attached GarageParking: No Garage,On Street
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Frame, Aluminum SidingNot a New Construction
Property Information
Parcel Number: 1100010355

Price & Status

Price
List Price: $85,000
Status Change & Dates
Off Market Date: Wed Jan 03 2024

Location

Direction & Address
City: SalemCommunity: George E Lester
School Information
Elementary School: HawthornJr High / Middle School: FranklinHigh School: Salem Community High School

Lot Information

Lot Area: 7980 sqft

Offer

Listing Terms: FHA

Miscellaneous

BasementMls Number: EB450687

Additional Information

Source Internet Automated Valuation DisplaySource Internet Consumer CommentSource Internet Entire Listing DisplayMRD Listing On IDX Display: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Jan 3, 2024
Source: MRED as distributed by MLS GRID #EB450687
Sold
$81,500
Nov 15, 2023
Source: RMLS Alliance as distributed by MLS GRID #EB450687
Pending
$85,000
Sep 21, 2023
Source: RMLS Alliance as distributed by MLS GRID #EB450687
Listed For Sale
$85,000
Mar 24, 2021
Source: N/A
ListingRemoved
Dec 31, 2019
Source: N/A
Sold
$54,000

Market trends in Salem

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
41
4MoM

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 Salem

At least 33 Trulia users voted on each feature.

  • 95 % Say parking is easy

  • 92 % Say yards are well-kept

  • 86 % Say there's holiday spirit

  • 85 % Say car is needed

  • 85 % Say kids play outside

  • 83 % Say people would walk alone at night

  • 79 % Say it's dog friendly

  • 70 % Say it's quiet

  • 62 % Say there's wildlife

  • 56 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 50 % Say there are sidewalks

  • 45 % Say they plan to stay for at least 5 years

  • 44 % Say it's walkable to grocery stores

  • 35 % Say it's walkable to restaurants

  • 34 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Denise Collier
    "It’s a quiet neighborhood no one bothers us. We can leave our kids bikes out in the yard and my husbands boat out in the yard and no one messes with it. "
    0
    Flag
  • Denise Collier
    "It’s quiet. No one bothers anyone. Can trust my neighbors. It’s close to the park and the schools. I can trust that my kids are safe and can walk to school without having to worry about them. I know they’re safe and they have neighbors to watch over them. "
    0
    Flag
  • Edaa16
    "Nothing really, neighbors don’t mess with me much. There’s plenty of trees for shade, and a lake to look at. But your not allowed to fish it, so I guess that’s unique. "
    8
    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 516 E Locust St

  • What is 516 E Locust St estimated to be worth?
    Trulia's estimated value for 516 E Locust St in Salem, IL is $95,300.
  • What is the price history for 516 E Locust St?
    516 E Locust St in Salem, IL last sold for $81,500 in January 2024.
  • Is Salem a buyer's or seller's market?
    Salem is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Salem?
    Residents describe Salem, IL as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See recently sold homes in Salem, IL.
  • Does 516 E Locust St have air conditioning?
    Yes, 516 E Locust St in Salem, IL has air conditioning.
  • Does 516 E Locust St have laundry facilities?
    Yes, 516 E Locust St in Salem, IL has laundry facilities.

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