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Single Family ResidentialResidential
$86,333$102 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $73,200 on Apr 25, 2019

507 S SCHOOL ST

LACON, IL 61540
0
Baths
850 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1977
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$86K
$79K low$94K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$73,200 · Apr 25, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$806 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$29,831 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$1,589
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$28,242
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$28,169
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$89,493

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residential
CountyMARSHALL
Lot (acres)The size of the land the home sits on, from county records.0.11
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Midland Elementary SchoolB-
Elementary · Grades PK–4 · 0.4 mi
M
Midland Middle SchoolB
Middle · Grades 5–8 · 3.0 mi
H
Midland High SchoolD
High · Grades 9–12 · 6.1 mi

District: Midland Community Unit School District 7

Neighborhood · ZIP 61540These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.113
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.79%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.2,607
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.40 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$74,676
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$85,285
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

507 S School St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 76% of homes in Marshall County
  • Smaller than 85% of homes in Marshall County
  • Has a smaller lot than 96% of homes in Lacon 61540
  • Newer than 81% of homes in Lacon 61540

What homes are worth in Lacon 61540

Each bar is how many homes fall in that price range. The marker is this home.

This home
$42K$370K

This home is worth more than 25% of homes in Lacon 61540.

How it measures up in Lacon 61540

The dot is this home. The mark in the middle is the typical home in Lacon 61540.

Estimated value$86,333
CheaperTypical $123,870Pricier

Pricier than 25% of homes nearby

Price per ft²$102
CheaperTypical $109Pricier

Pricier than 45% of homes nearby

Living area850 ft²
SmallerTypical 1,131 ft²Bigger

Bigger than 18% of homes nearby

Lot size0.11 ac
SmallerTypical 0.28 acBigger

Bigger than 4% of homes nearby

Year built1977
OlderTypical 1950Newer

Newer than 81% of homes nearby

How 507 S School St ranks against every home in each area.
MeasureThis homeLacon 61540Marshall County
Estimated valuepricier than$86,33325% of homes24% of homes
Price per ft²pricier than$10245% of homes43% of homes
Living areabigger than850 ft²18% of homes15% of homes
Lot sizebigger than0.11 ac4% of homes4% of homes
Year builtnewer than197781% of homes76% of homes

About 507 S School St

How much is 507 S School St, Lacon, IL worth?

The TopHap Estimate for 507 S School St, Lacon, IL is $86,333 as of Sep 24, 2026. The likely range is $79,109 to $93,557. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 507 S School St, Lacon, IL last sell?

507 S School St, Lacon, IL last sold on Apr 25, 2019 for $73,200, according to the county's recorded deed.

How big is 507 S School St, Lacon, IL?

507 S School St, Lacon, IL has 850 square feet of living space and a 0.11-acre lot.

When was 507 S School St, Lacon, IL built?

507 S School St, Lacon, IL was built in 1977, making it 49 years old. The building has 1 story.

What schools serve 507 S School St, Lacon, IL?

507 S School St, Lacon, IL is assigned to Midland Elementary School (elementary), rated B-; Midland Middle School (middle), rated B; Midland High School (high), rated D. All sit in Midland Community Unit School District 7. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 507 S School St, Lacon, IL compare to other homes in Lacon 61540?

Among the 1,149 homes in Lacon 61540, it is worth more than 25% of them ($86,333 against a typical $123,870), its price per square foot is higher than 45% of them ($102 against a typical $109), it is bigger than 18% of them (850 ft² against a typical 1,131 ft²), its lot is bigger than 4% of them (0.11 ac against a typical 0.28 ac) and it is newer than 81% of them (1977 against a typical 1950). Measured against all of Marshall County, it is worth more than 24% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 507 S School St, Lacon, IL?

The 2025 property tax bill for 507 S School St, Lacon, IL was $806. The county assessed it at $29,831.

More homes on S School St

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Assigned schools

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