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503 S Walnut St, Delavan, IL, 61734

3beds
2baths
2,420sqft
$245,000
$101price/sqft
$2,149/moest. monthly cost
$85,960/yrincome needed

About This Home

Nestled at the end of a quiet street on a beautifully fenced 1.18-acre lot, this sprawling and meticulously maintained ranch-style home offers over 2,400 square feet of comfortable living space with exceptional amenities throughout. Featuring 3 bedrooms and 1.5 bathrooms, this charming wood-sided residence combines spacious interiors with functional design. The inviting open-concept living room showcases expansive floor space, a cozy gas log fireplace, and rear-facing French doors that fill the home with natural light. A generously sized formal dining room with a front-facing bay window flows seamlessly into the adjacent laundry, half bath, and mechanical room. The fully equipped kitchen includes a charming dining nook with French doors leading to an impressive heated 19x29 sunroom — perfect for year-round entertaining and relaxation. The home also offers three comfortably sized bedrooms and a full hallway bathroom, complete with a therapeutic bathtub. Outside, the property continues to impress with a two-car attached garage, an additional 24x32 detached garage, and an 18x25 Morton building with concrete floors, providing abundant storage and workspace options. Additional highlights include a rear patio, covered front porch with porch swing, architectural roof, gutter guards, newer Rheem HVAC system (2018), and a combination of vinyl and Andersen windows. This exceptional property offers space, versatility, and peaceful surroundings — a truly outstanding opportunity.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

4/10
Delavan Elementary SchoolGrades PK-60.3 mi
5/10
Delavan Jr High SchoolGrades 7-80.3 mi
5/10
Delavan High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1971

Materials

  • Foundation: Block,Concrete Perimeter,Slab
  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence,Residential

Interior

Additional Level

  • Area: 0

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Water Softener Owned

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main
  • Dimensions: 13ft 0in x 14ft 0in

Bedroom2

  • Level: Main
  • Dimensions: 12ft 0in x 10ft 0in

Bedroom3

  • Level: Main
  • Dimensions: 10ft 0in x 12ft 0in

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Window features: Replacement Windows
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Living Room
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,420
  • Total interior livable area: 2,420 sqft

Kitchen

  • Level: Main
  • Dimensions: 9ft 0in x 10ft 0in

Laundry

  • Level: Main
  • Dimensions: 9ft 0in x 10ft 0in

Living Room

  • Level: Main
  • Dimensions: 21ft 0in x 25ft 0in

Main Level

  • Area: 2420

Other

  • Level: Main
  • Dimensions: 16ft 0in x 19ft 0in

Other

  • Level: Main
  • Dimensions: 9ft 0in x 10ft 0in

Other

  • Area: 0

Property

Details

  • Parcel number: 212109401021
  • Zoning description: Residential

Features

  • Patio & porch: Patio,Porch

Lot

  • Lot size: 1.17 Acres
  • Features: Level
  • Lot size dimensions: 240 x 213

Parking

  • Total spaces: 2
  • Parking features: Attached,Detached,Oversized,Paved
  • 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 WaveVery High
  • Tornado
    TornadoVery High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Drought
Inland Flooding
Strong Wind
Winter Weather
Hail
Heat Wave
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 $1,238$14,856
Home Insurance *$321$3,852
Property Taxes $404$4,848
Electricity $186$2,233
Total$2,149$25,788
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,680/yr
40% on housing$64,470/yr
45% on housing$57,306/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: 12.5%
12.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$101This listing

vs Other Active Listings

Avg $/sqft

ZIP 61734$103
Tazewell County$104

vs Homes Sold Last Month

Median $/sqft

ZIP 61734$80
Tazewell County$106

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
2026-08-17Price change$220,000
2026-08-11Price change$235,000
2026-08-03Price change$245,000
2026-07-27Price change$255,000
2026-07-17Listed for sale$260,000
2026-07-16Pending sale$260,000
2026-07-07Price change$260,000
2026-06-26Price change$270,000
2026-05-25Listed for sale$275,000
2026-04-02Listing removed$240,000
2026-03-02Price change$240,000
2026-02-25Listed for sale$268,000
2022-05-18Sold$250,000
2022-03-30Pending sale$250,000
2022-03-24Listed for sale$250,000
2007-04-23Sold$140,000

For Sale by Agent

AgentMari Halliday
BrokerageJim Maloof Realty, Inc.

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