516 E Locust St, Salem, IL 62881 Property Records

Marion County property record for 516 E Locust St, Salem, IL 62881 · Last verified August 2026

Property Highlights

Property TypeResidential > Single Family > Home
Lot Size8,020 sqft (0.184 acres)
OccupancyOwner Occupied
Last Sale$81,500 (2024)
Tax Bill$1,147.00 (2025)

Owner

Source: Marion County records · APN 1100010355

Assessment roll updated July 16, 2026 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Mailing Address516 E LOCUST ST, SALEM, IL 62881-3325
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Jan 05, 2024Warranty Deed, Transfer · Federal Housing Administration (FHA) Mortgage
US BANK NA
Dec 31, 2019Warranty Deed, Transfer · Conventional Mortgage
US BANK NA

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleJan 05, 2024 · Amount on Record
Deed SaleJan 05, 2024 · Amount on Record
Prior SaleDec 31, 2019 · Amount on Record
Deed Doc Number202437
Record RefreshedSep 20, 2026

January 2024: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION IL
Recording DateJan 05, 2024
Property Address516 E LOCUST ST, SALEM, IL 62881-3325
Document Number2024R00037
Instrument DateJan 03, 2024
Instrument2024R00037
Transaction TypeTransfer
Record UpdatedJan 25, 2024
Title CompanyACCOMMODATION

Transaction

AmountAmount Recorded
Loan-to-Value (LTV)LTV on Record
Tax$81.50
Amount AccuracyFrom Affidavit or Verified
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name
Address3023 OLD 51 RD, SANDOVAL, IL 62882-2525

Transferred To (Grantee/Buyer)

NameVerified Name
Address516 E LOCUST ST, SALEM, IL 62881-3325
InvestorPossibly a Property Investor

Mortgage

Document Number2024R00038
DateJan 05, 2024
Instrument2024R00038
Lender
NameUS BANK NA
TypeBank
Agreement
TypeFederal Housing Administration (FHA) Mortgage
AmountAmount Recorded
Term361 Months
DueFeb 01, 2054

Mortgage

Document Number2024R00039
DateJan 05, 2024
Instrument2024R00039
Lender
NameUS BANK NA
TypeBank
AddressOWENSBORO, KY 42301
Agreement
TypeStand Alone Second Mortgage
AmountAmount Recorded
Term121 Months
DueFeb 01, 2034

December 2019: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION IL
Recording DateDec 31, 2019
Property Address516 E LOCUST ST, SALEM, IL 62881-3325
Document Number2019R05734
Instrument DateDec 30, 2019
Instrument2019R05734
Transaction TypeTransfer
Record UpdatedAug 10, 2021
Title CompanyLARIMER ABSTRACT AND TITLE, LARIMER ABSTRACT & TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$81.00
Amount AccuracyCalculated from Tax
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address516 E LOCUST ST, SALEM, IL 62881-3325

Mortgage

Document Number2019R05735
DateDec 31, 2019
Instrument2019R05735
Lender
NameUS BANK NA
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Interest
Rate TypeFixed Rate
Rate3.75%

Tax Assessment & Valuation

Source: Marion County records · Assessment roll updated July 16, 2026 · Last verified August 2026

Property Jurisdictions

TypeName
StateIllinois
CountyMarion County
County SubdivisionSalem Township
MunicipalitySalem City
Elementary School DistrictSalem School District 111 (PK - 08)
Secondary School DistrictSalem Community High School District 600 (09 - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2025$1,147.00 (+12.67%)$22,640 (+25.43%) Land $2,630 Building $20,010$67,920 (+25.43%) Land $7,890 Building $60,030
2022$1,018.00 Homeowner's exemption$18,050 Land $2,870 Building $15,180$54,150 Land $8,610 Building $45,540

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Marion County (17121C), updated November 16, 2011 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026

Flood

FEMA Flood ZoneZone X
Flood HazardMinimal
500-Year FloodplainNo
Special Flood Hazard AreaNo
Nearest Special Flood Hazard AreaZone AE, within 500 ft

Wildfire

Wildfire RiskLow
above 20% of the US · above 71% of Illinois
Wildfire LikelihoodAbout 1 in 10,000 per year
ExposureDirect
burnable vegetation at the parcel

Values are read at the parcel center point; lenders make the official flood determination.

Property Details

APN / Parcel Number

Primary APN1100010355

Exterior

Lot Area8,020 sqft (0.184 acres)

Location & Zoning

Street Address516 E LOCUST ST
CitySALEM
StateIL
Zip62881-3325
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionGEO. E. LESTER ADD. LOT 8 BLOCK 7
Legal SubdivisionLESTER ADD
Legal Block7
Legal Lot Number8
JurisdictionMARION IL
Minor Civil DivisionSALEM
Census Blockgroup3
Census Block3026
Census Tract952100

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