2542 Fair Lane

Franklin, IL 62638

$1
Price
1,742,400 / 40
Lot Size / Acres

Description

If a secluded home in the country is what you seek, this 40± acre property near Franklin is what you’ve been waiting for! Tucked quietly away where Fair Lane dead-ends, you’ll be welcomed home by open fields & a thick canopy of trees. Whether you’re looking for your full-time residence or a rural getaway, both the land & home can be customized to suit a variety of dreams. Home: Built in 1982, this single-owner home’s floorplan features 1 bed/1 bath. Need more? The 1400sqft unfinished, walk-out basement...If a secluded home in the country is what you seek, this 40± acre property near Franklin is what you’ve been waiting for! Tucked quietly away where Fair Lane dead-ends, you’ll be welcomed home by open fields & a thick canopy of trees. Whether you’re looking for your full-time residence or a rural getaway, both the land & home can be customized to suit a variety of dreams. Home: Built in 1982, this single-owner home’s floorplan features 1 bed/1 bath. Need more? The 1400sqft unfinished, walk-out basement could be finished. Vaulted ceilings provide a wow-factor. Front & back porches lure you to take in the peaceful surroundings while sipping your morning coffee. Land: 40 taxable acres, 16.25± tillable (117.6 PI, Rozetta & Keomah) cash-rented for 2024. Buyer to receive 2nd half 2024 cash rent; open for 2025. Remainder is thick woodland & a shallow pond that could be developed. Online & in-person auction June 21 at 10AM. Selling as-is. Property will bring what the market bears at auction.
  1. Listed by Darrell Moore • Worrell Land Services, LLC • Office: 217-245-1618

Property Details for 2542 Fair Lane

Subdivision Name
None

Location

Listing Courtesy of Worrell Land Services, LLC
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LISTING UPDATED: 05/24/2024 03:01 PM

Property Details for 2542 Fair Lane

StatusAuction
MLS #CA1029290
Days on Market26
Taxes$903 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Acres
Year Built1982
Lot Size40.00 AC
CountyMorgan County

Location

Listing Courtesy of Worrell Land Services, LLC
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Building Information for 2542 Fair Lane

Lot Size40.00 AC

Payment Calculator

$75 per month

30 year fixed, 7.25% Interest

Principal and Interest

$0

Property Taxes

$75

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2542 Fair Lane

Summary
Location and General Information
  • City: Franklin
  • County Or Parish: Morgan
  • Directions: From Nortonville Road, head East on Carpenter then South on Froghill Road then East on Fair Lane.
  • Latitude: 39.558577
  • Longitude: -90.115904
  • MLSArea Minor: Remainder Morgan Co
  • Postal Code: 62638
  • State Or Province: IL
  • Township: 13N
  • Zoning: Agricultural
Taxes and HOA Information
  • Parcel Number: 18-20-200-003
  • Mandatory Assoc Annual Fee: No
  • Mandatory Assoc Monthly Fee: No
  • Tax Annual Amount: $903
  • Tax Legal Description: SE 1/4 of the NE 1/4 Sec 20 T 13N R9W Morgan Co, IL
  • Tax Year: 2022
School Information
  • High School: Franklin District #1
Property
Lot Information
  • Above Grade Finished Area: 1400.0
  • Below Grade Finished Area: 0.0
  • Cultivated Area: 16.25
  • Living Area: 1400.0
  • Lot Features: Agricultural, Level, Sloped, Wooded
  • Lot Size Acres: 40.0
  • Lot Size Dimensions: 40 acres
  • 100 Year Plain: No
  • Below Grade Area: 1400
  • Principal Meridian: 3
  • Section: 20
  • Road Surface Type: Gravel
  • Wooded Area: 23.75
Property and Assessments
  • Documents Available: Aerial Photos,Plat in Office,Soil Type,Tenant Lease (s),Topography Map
  • Mineral Rights: 1
  • Soil Index: 117.6
  • Soil Type: Rozetta and Keomah
  • Year Built: 1982
  • Year Built Source: Public Records
Utilities
  • Water Source: Private Well, Septic System, Water Not Connected
  • Utilities: Electricity Available, Propane
Interior and Exterior Features
Exterior Features
  • Exterior Features: Garage, Other Building Improvements, Pole Barn
Interior Features
  • Bathrooms Full: 1
  • Bedrooms Total: 1
  • Operating Recording Device: None
  • Stories: 1
Mobile Home
Mobile/Manufactured Home
  • Range: 9W

Property History for 2542 Fair Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2542 Fair Lane

Taxable ValueLand$9,090Additions$35,970Total$45,060
Tax Record2022$903 ($75 / month)
Home Facts
Lot Size1,742,400 SqFtStyleFarmsCountyMORGANAPN18-20-200-003

Schools near 2542 Fair Lane

This home is within Franklin Community Unit School District 1.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 2 to 5
Public - 6 to 12
Rating
School
Distance
Franklin East Grade School
PublicPK to 2

Alexander Elementary School
Public2 to 5

Franklin Jr/Sr High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2542 Fair Lane is a 40 ac of land for sale in Franklin, IL 62638. This property was listed for sale on May 20, 2024 by Worrell Land Services, LLC, it's currently listed at $1. This listing's school district is Franklin Community Unit School District 1. Nearby schools include Franklin East Grade School, Alexander Elementary School and Franklin Jr/Sr High School. 2542 Fair Lane is a 1-bed, 0-bath, 1,400 sqft 40 ac of land built in 1982 on a 1,742,400 sq. ft. / 40 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Worrell Land Services, LLC

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.