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700 Park Hills Dr, Effingham, IL, 62401

5beds
4baths
3,542sqft
$525,000
$148price/sqft
$3,899/moest. monthly cost
$155,960/yrincome needed

About This Home

Welcome to this stunning home located on the highly desirable north side of Effingham in the sought-after Park Hills neighborhood. Offering over 2,500 square feet of above-grade living space, plus a fully finished walk-out basement, this property combines space, comfort, and style in all the right ways. Step inside to discover beautiful hardwood floors flowing throughout the main level, creating a warm and inviting atmosphere. The kitchen is a true centerpiece, featuring elegant granite countertops, easy-close cabinetry, and quality appliances—perfect for both everyday living and entertaining. Upstairs, you’ll find four of the five spacious bedrooms, including a breathtaking primary suite. The master bedroom and en-suite bath offer a private retreat feel, complete with an impressively large walk-in closet that truly stands out. The fully finished walk-out basement expands your living space even further, offering the fifth bedroom and an additional full bathroom—ideal for guests, extended family, or a private home office setup.With its prime location, generous layout, and thoughtful finishes throughout, this home in Park Hills is one you won’t want to miss. Schedule your private showing today!

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

--
South Side Grade SchoolGrades 1-31.5 mi
6/10
8/10
Effingham High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1988

Materials

  • Foundation: Basement
  • Roof: Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Refrigerator,Range Hood
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access,Full

Bedroom

  • Level: Upper

Bedroom

  • Level: Upper

Bedroom

  • Level: Upper

Bedroom

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Family Room

  • Level: Basement

Features

  • Fireplace,Bath in Primary Bedroom,Walk-In Closet(s)
  • Number of fireplaces: 2
  • Fireplace features: Gas,Family/Living/Great Room
  • Fireplace: Yes
  • Finished area below ground: 1,000
  • Finished area above ground: 2,542

Foyer

  • Level: Main

Half Bath

  • Level: Main

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,542
  • Total interior livable area: 3,542 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Living Room

  • Level: Basement

Office

  • Level: Main

Other

  • Level: Upper

Other

  • Level: Basement

Primary Bathroom

  • Level: Upper

Primary Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 0311212014
  • Zoning: RES
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Deck

Lot

  • Lot size: 0.38 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Strong Wind
Tornado
Winter Weather
Hail
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$374$4,488
Property Taxes $599$7,188
Electricity $272$3,269
Total$3,899$46,788
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$133,680/yr
40% on housing$116,970/yr
45% on housing$103,973/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.4%
11.4%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$148This listing

vs Other Active Listings

Avg $/sqft

ZIP 62401$174
Effingham County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 62401$118
Effingham County$103

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Listed for sale$575,000
2016-08-16Sold$299,000
2016-03-02Listed for sale$319,000
2015-09-07Listing removed$329,000
2015-03-06Listed for sale$329,000
2014-09-02Listing removed$339,900
2014-03-27Listed for sale$339,900
2013-09-08Listing removed$345,000
2013-06-12Listed for sale$345,000

For Sale by Agent

AgentAlex Steppe
BrokerageRE/MAX Key Advantage

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