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Single Family ResidentialResidential
$193,501$112 / 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 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $180,000 on Jul 12, 2023

5540 PROSPECT LN

LERNA, IL 62440
4
Beds
2
Baths
1,731 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.
0.38 ac
Lot SizeThe size of the land the home sits on, from county records.
1970
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$194K
$174K low$213K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$180,000 · Jul 12, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,954 (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.$47,529 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$8,611
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$38,918
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$43,130
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$142,587

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.50
39
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
21
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
81
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
74
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
37
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residential
CountyCOLES
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1982
Lot (acres)The size of the land the home sits on, from county records.0.38
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Basement
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

M
Mattoon Middle SchoolB-
Middle · Grades 6–8 · 5.0 mi
E
Arland D Williams Jr Elementary SchoolB-
Elementary · Grades KG–5 · 5.0 mi
H
Mattoon High SchoolB-
High · Grades 9–12 · 6.2 mi

District: Mattoon Community Unit School District 2

Neighborhood · ZIP 62440These 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.95
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 100.92

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.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.4%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.1,638
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.41 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$84,158
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$108,379
Average tempThe average temperature here across a full year.53°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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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

5540 Prospect Ln 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 more than 67% of homes in Coles County
  • Costs less per square foot than 65% of homes in Lerna 62440
  • Bigger than 68% of homes in Lerna 62440
  • Has a smaller lot than 76% of homes in Lerna 62440
  • Newer than 67% of homes in Coles County

What homes are worth in Lerna 62440

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

This home
$40K$810K

This home is worth more than 52% of homes in Lerna 62440.

How it measures up in Lerna 62440

The dot is this home. The mark in the middle is the typical home in Lerna 62440.

Estimated value$193,501
CheaperTypical $190,179Pricier

Pricier than 52% of homes nearby

Price per ft²$112
CheaperTypical $129Pricier

Pricier than 35% of homes nearby

Living area1,731 ft²
SmallerTypical 1,440 ft²Bigger

Bigger than 68% of homes nearby

Lot size0.38 ac
SmallerTypical 2 acBigger

Bigger than 24% of homes nearby

Year built1970
OlderTypical 1970Newer

Newer than 51% of homes nearby

How 5540 Prospect Ln ranks against every home in each area.
MeasureThis homeLerna 62440Coles County
Estimated valuepricier than$193,50152% of homes67% of homes
Price per ft²pricier than$11235% of homes59% of homes
Living areabigger than1,731 ft²68% of homes67% of homes
Lot sizebigger than0.38 ac24% of homes63% of homes
Year builtnewer than197051% of homes67% of homes

About 5540 Prospect Ln

How much is 5540 Prospect Ln, Lerna, IL worth?

The TopHap Estimate for 5540 Prospect Ln, Lerna, IL is $193,501 as of Aug 30, 2026. The likely range is $174,262 to $212,740. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5540 Prospect Ln, Lerna, IL last sell?

5540 Prospect Ln, Lerna, IL last sold on Jul 12, 2023 for $180,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 5540 Prospect Ln, Lerna, IL?

5540 Prospect Ln, Lerna, IL has 4 bedrooms, 2 bathrooms, 1,731 square feet of living space and a 0.38-acre lot.

When was 5540 Prospect Ln, Lerna, IL built?

5540 Prospect Ln, Lerna, IL was built in 1970, making it 56 years old. The building has 1 story.

What schools serve 5540 Prospect Ln, Lerna, IL?

5540 Prospect Ln, Lerna, IL is assigned to Mattoon Middle School (middle), rated B-; Arland D Williams Jr Elementary School (elementary), rated B-; Mattoon High School (high), rated B-. All sit in Mattoon Community Unit School District 2. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5540 Prospect Ln, Lerna, IL compare to other homes in Lerna 62440?

Among the 589 homes in Lerna 62440, it is worth more than 52% of them ($193,501 against a typical $190,179), its price per square foot is higher than 35% of them ($112 against a typical $129), it is bigger than 68% of them (1,731 ft² against a typical 1,440 ft²), its lot is bigger than 24% of them (0.38 ac against a typical 2 ac) and it is newer than 51% of them (1970 against a typical 1970). Measured against all of Coles County, it is worth more than 67% 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 5540 Prospect Ln, Lerna, IL?

The 2025 property tax bill for 5540 Prospect Ln, Lerna, IL was $2,954. The county assessed it at $47,529.

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