708 W Water St, Farmer City, IL, 61842
About This Home
Welcome to your new oasis! This delightful 2-bedroom, 1-bathroom home is perfectly situated on a quiet street, offering peace and tranquility. The spacious corner lot features a fully fenced backyard, ideal for pets and outdoor gatherings. Enjoy the convenience of a detached 2-car heated garage, perfect for year-round use or as a hobby space. Inside, you'll find a cozy layout with plenty of natural light, making it the perfect place to relax and unwind. Don't miss out on this gem-schedule your showing today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1908
Materials
- Foundation: Crawlspace
- Roof: Asphalt
- Construction materials: Other
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater,Oven,Range,Refrigerator,Range Hood
- Laundry features: Main Level
Basement
- Basement: Crawl Space
Bedroom
- Level: Upper
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bonus Room
- Level: Main
Dining Room
- Level: Main
Features
- Finished area above ground: 1,024
Heating & Cooling
- Heating features: Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 1,024
- Total interior livable area: 1,024 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Other
- Level: Main
Primary Bedroom
- Level: Upper
Property
Details
- Parcel number: 0528311005
- Zoning: R-2
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch,Patio
Lot
- Lot size: 0.26 Acres
Parking
- Total spaces: 2
- Parking features: Detached,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
- Strong Wind
- Drought
- Hail
- Heat Wave
- Inland Flooding
- Lightning
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $677 | $8,124 |
| Home Insurance * | $99 | $1,188 |
| Property Taxes | $184 | $2,208 |
| Electricity | $130 | $1,569 |
| Total | $1,090 | $13,080 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Pending sale | $134,000 |
| 2026-07-23 | Listed for sale | $134,000 |
| 2023-09-15 | Sold | $113,200 |
| 2023-08-03 | Contingent | $109,900 |
| 2023-08-01 | Listed for sale | $109,900 |
| 2019-03-20 | Sold | $77,000 |
| 2018-10-10 | Price change | $79,900 |
| 2018-07-25 | Listed for sale | $84,900 |
| 2015-01-05 | Sold | $64,000 |
| 2014-11-04 | Price change | $72,900 |
| 2014-09-16 | Price change | $75,900 |
| 2014-08-30 | Price change | $78,500 |
| 2014-06-05 | Price change | $81,000 |
| 2014-05-15 | Listed for sale | $83,000 |
| 2013-07-01 | Sold | $83,000 |
| 2007-07-16 | Sold | $84,000 |
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