$222,800
Studio
5540 Prospect Ln, Lerna, IL 62440
Est. Refi. Payment $1,651/mo*
Refinance Your HomeCurrently Off Market - Sold Jul 12, 2023 for $180,000
Home Value
Trulia Estimate
$223KSince last month
Decreased$200 (-0.1%)Since last year
Increased$13K (+6.4%)Since last sale
Increased$43K (+24.1%)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 +102% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $223K |
| August 2026 | $224K |
| July 2026 | $219K |
| June 2026 | $219K |
| May 2026 | $219K |
| April 2026 | $217K |
| March 2026 | $215K |
| February 2026 | $212K |
| January 2026 | $211K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
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 |
|---|---|---|---|---|---|---|---|
1.08 | Single-Family Home | $293,000 | 03/05/26 | 3 | 2 | 1,970 | |
0.46 | Single-Family Home | $80,000 | 05/18/26 | - | - | ||
0.64 | Single-Family Home | $352,000 | 08/21/26 | 4 | 3.5 | 2,409 | |
0.88 | Single-Family Home | $130,000 | 08/18/26 | - | - | ||
1.31 | Single-Family Home | $400,000 | 03/05/26 | 3 | 2.5 | 2,086 | |
1.42 | Single-Family Home | $220,000 | 07/13/26 | 2 | 2 | 1,720 | |
0.76 | Single-Family Home | $19,000 | 05/22/26 | - | - | ||
1.17 | Single-Family Home | $573,460 | 04/30/26 | 3 | 4.5 | 3,683 | |
1.18 | Single-Family Home | $700,000 | 04/30/26 | - | - | ||
1.93 | Single-Family Home | $167,000 | 05/28/26 | 4 | 2 | 1,750 |
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 |
|---|---|---|---|---|---|---|
0.25 | - | 4 | 4 | 1,700 | Off Market | |
0.25 | $290,500 | 3 | 2 | 2,016 | Off Market | |
0.47 | $415,000 | 5 | 3 | 3,179 | For Sale | |
0.69 | $430,000 | 4 | 2 | 1,742 | For Sale | |
0.83 | $31,900 | - | - | - | Recently Sold | |
0.90 | $32,000 | - | - | - | For Sale | |
0.91 | - | - | - | - | Off Market | |
0.98 | $150,000 | - | - | - | Recently Sold | |
0.99 | $515,000 | 3 | 2.5 | 1,950 | For Sale | |
0.99 | $315,500 | 2 | 3 | 1,957 | Off Market | |
1.02 | $559,000 | 4 | 3.5 | 4,926 | Off Market | |
1.08 | $293,000 | 3 | 2 | 1,970 | Recently Sold |
Local Information
- Map ViewExplore the area around 5540 Prospect Ln.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
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Home Highlights
Single-Family Home
0.38 acre lot
About this House
This single-family home is located at 5540 Prospect Ln, Lerna, IL. 5540 Prospect Ln is in Lerna, IL and in ZIP code 62440. This property has a lot size of 0.38 acres.
5540 Prospect Ln, Lerna, IL 62440 is a studio single-family home. It last sold for $180,000 on Jul 12, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $222,800, with a rent estimate of $1,810/month.
Home Details for 5540 Prospect Ln
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Property Type / Style Property Type: Single Family Home |
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Lot Area: 0.38 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 12, 2023 Source: CIBR #6227542 | Sold | $180,000 |
Jun 22, 2023 Source: CIBR #6227542 | Pending | $159,500 |
Jun 9, 2023 Source: CIBR #6227542 | Contingent | $159,500 |
Jun 7, 2023 Source: CIBR #6227542 | Listed For Sale | $159,500 |
Sep 7, 2007 Source: N/A | Sold | $120,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $2,867 | $129,390 |
Home facts updated by county records
Market trends in Lerna
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Around this home
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Frequently asked questions about 5540 Prospect Ln
- What is 5540 Prospect Ln estimated to be worth?Trulia's estimated value for 5540 Prospect Ln in Lerna, IL is $222,800.
- What is the price history for 5540 Prospect Ln?5540 Prospect Ln in Lerna, IL last sold for $180,000 in July 2023.
- Is Lerna a buyer's or seller's market?Lerna is currently a seller's market, based on recent for-sale activity.
- What are the closest schools to 5540 Prospect Ln?The closest schools to 5540 Prospect Ln in Lerna, IL are Arland D Williams Jr Elementary School (rated 6/10), Mattoon High School (rated 6/10), Mattoon Middle School (rated 6/10).
- How big is the lot at 5540 Prospect Ln?The lot at 5540 Prospect Ln in Lerna, IL is about 0.38 acres (16,553 sq ft).
Apartments for Rent
Off Market Homes Near 5540 Prospect Ln
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SOLDAUG 18, 2026- SOLDAUG 18, 2026
SOLDJUL 24, 2026
SOLDJUL 13, 2026
SOLDJUL 10, 2026
SOLDJUN 17, 2026
SOLDMAY 28, 2026
SOLDMAY 26, 2026
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