Sold138d on market

503 Velma St

Washington, IL, 61571 • 61571 • Tazewell County

$195,000

$113/sqft

3Beds

2Baths

1,724Sqft

0.34 acLot

1971Built

Property DNA

4 highlights

Ranch Style

Built 1971 · 55 years of history

Beverly Farms

61571

Shed(s)

2-Car Garage

Attached

This home is in high demand

Listed 138 days ago · 7 views · Top 2% likely to sell soon

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Market activity

Demand and pricing signals for this listing

7 views

People checking out this listing

138 days on market

Established listing

$113/sqft

Price per square foot

Selling Soon Prediction

Very High

This home ranks in the top 2% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Single Family · Built 1971

Recently updated throughout, this 3-bedroom, 2-bathroom home features fresh neutral colors, new flooring and carpeting, updated cabinetry and countertops, stylish bathroom vanities, modern lighting fixtures, ceiling fans, and more. The spacious basement offers a large family room and convenient walk-out access to the backyard. The primary bedroom includes sliding glass doors leading to a private deck—perfect for relaxing outdoors. Enjoy an oversized attached garage plus an additional rear-entry garage, ideal for extra storage or a workshop. The fenced-in yard provides a private outdoor space, and the convenient location is close to shopping, schools, and other local amenities.

Standout features identified

Our analysis highlights fenced-in yard, private deck, and spacious basement as key attractions of this home.

Estimated monthly payment

Based on current rates

$1,285/month

Principal & Interest$1,025

Property Tax$195

Insurance$65

Down payment20% ($39,000)

3%50%

Est. 6.88% rate · 30yr fixed · $156,000 loan

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At a glance

Key facts and listing details

TypeSingle Family Residence, Residential

Year Built1971

HeatingForced Air

CoolingCentral Air

Parking2 Attached Garage spaces

Lot0.34 Acres

Property

Home typeSingle Family

Sub-typeSingle Family Residence, Residential

StyleRanch

Year built1971

Stories1

Systems

HeatingForced Air

CoolingCentral Air

RoofShingle

ConstructionFrame, Vinyl Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingAttached

Garage2 spaces

BasementPartially Finished

Lot0.34 Acres

Location & Tax

Neighborhood61571

Annual tax$3,576

Parcel020220408008

Bathrooms & Fees

Full baths2

Features & details

8 categories of property features

Interior Features

Interior

Ceiling Fan(s)

Appliances

Dishwasher

Range Hood

Range

Refrigerator

Tankless Water Heater

Heating

Forced Air

Cooling

Central Air

Exterior Features

Parking

Attached

Construction

Frame

Vinyl Siding

Lot Features

Level

Other Structures

Shed(s)

Room details

12 rooms detailed

Bedroom1

Main

Bedroom2

Main

Bedroom3

Main

Other

500 sqft

Additional Level

Family Room

Listing insights

Market data and value estimates

StatusSold

Days on market138

Est. value$203,100

Est. rent$1,804/mo

Tax rate2.11%

Price/sqft$113

On marketOct 24, 2025

PostedOct 24, 2025

Last sold$195,000

MLS updatedNov 21, 2025

Tour days6

How are the schools in Washington?

3 schools rated nearby

Beverly Manor Elementary School

Elementary • Public • 4-8

0.4 mi

Washington Community High School

High • Public • 9-12

2.7 mi

J L Hensey Elementary School

Primary • Public • PK-3

1.1 mi

Location

Washington, IL, 61571

Expand map

Price history

6 events

DateEventPrice$/sqftSource

Nov 21, 2025Sold$195,000$113RMLS Alliance as distributed by MLS GRID

Oct 29, 2025Contingent$199,500$116RMLS Alliance as distributed by MLS GRID

Oct 28, 2025Listed For Sale$199,500$116RMLS Alliance as distributed by MLS GRID

Oct 27, 2025Pending Sale$199,500$116RMLS Alliance as distributed by MLS GRID

Oct 24, 2025Listed For Sale$199,500$116RMLS Alliance as distributed by MLS GRID

Sep 5, 2025Sold$91,000$53RMLS Alliance as distributed by MLS GRID

Sold$195,000

Nov 21, 2025•$113/sqft•RMLS Alliance as distributed by MLS GRID

Contingent$199,500

Oct 29, 2025•$116/sqft•RMLS Alliance as distributed by MLS GRID

Listed For Sale$199,500

Oct 28, 2025•$116/sqft•RMLS Alliance as distributed by MLS GRID

Pending Sale$199,500

Oct 27, 2025•$116/sqft•RMLS Alliance as distributed by MLS GRID

Listed For Sale$199,500

Oct 24, 2025•$116/sqft•RMLS Alliance as distributed by MLS GRID

Sold$91,000

Sep 5, 2025•$53/sqft•RMLS Alliance as distributed by MLS GRID

Tax history

15 years of records

YearTax paidAssessed value

Apr 9, 2024$3,576$45,750

Apr 9, 2023$3,327$42,450

Apr 9, 2022$3,183$39,660

Apr 9, 2021$3,058$38,690

Apr 9, 2020$3,035$38,690

Apr 9, 2019$2,974$38,690

Apr 9, 2018$2,918$38,690

Apr 9, 2017$2,918$37,610

Apr 9, 2016$2,843$37,610

Apr 9, 2015$2,709—

Apr 9, 2013$2,616$13,750

Apr 9, 2012—$13,750

Apr 9, 2011—$13,750

Apr 9, 2010—$13,750

Apr 9, 2009$2,331$37,610

Nearby homes

Off Market

$135,700

4 bd1 ba1,903 sqft

505 Velma St, Washington, IL

Recently Sold

$160,000

3 bd1 ba1,352 sqft

404 Hope St, Washington, IL

Off Market

$139,200

4 bd2 ba1,248 sqft

502 Velma St #A-B, Washington, IL

Off Market

$183,800

3 bd1.5 ba1,728 sqft

500 Hope St, Washington, IL

Off Market

$193,800

1 ba1,440 sqft

500 Velma St #A-B, Washington, IL

Off Market

$205,300

4 bd2 ba1,440 sqft

500 Velma St, Washington, IL

Off Market

$103,100

1 bd1 ba720 sqft

500 Velma St APT B, Washington, IL

Off Market

$219,300

2 ba1,440 sqft

500 Velma St APT A, Washington, IL

Neighborhood details

Local context around this listing

Washington, IL • Tazewell County

Nearby cities

Creve CoeurEast PeoriaGlasfordGreen ValleyMackinawManitoMortonPekin

Nearby zip codes

61571

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Value estimates

Live

Est. value$203,100

Est. rent$1,804/mo

30yr rate est.6.88%

Affordability$1,369/mo

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Based on information submitted to the MLS GRID as of 2026-04-08 19:42:45 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)

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