This home's estimate is 1.8% lower than the average sale price ($54K) of 6 comparable homes.
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718 S 7th St #507, Springfield, IL 62703
About this home
Excellent opportunity to enjoy downtown living at its finest. The Town House is located in the heart of downtown Springfield, close to shopping, work and dining. Unit 507 is a finely appointed one bedroom condo with a large balcony. This unit is super clean and neat with newer flooring and paint, simply ready for you to move in and enjoy. The Town House offers a large lobby, a colonnade room perfect for gathering with family and friends, 24 hour staff, underground parking (based upon availability & a nominal cost). The association fee includes: all utilities, basic cable, staffing, common area interior and exterior maintenance.

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Market trends in 62703, IL
Last updated August 2026
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Seller's Market
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Provided by Redfin
Sale history for 718 S 7th St #507
$77/sq ft
$80/sq ft
$65/sq ft
$41/sq ft
Tax history for 718 S 7th St #507
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R-5(B)
General Residence and Office District
These districts are designed to provide for all the facilities permitted in the R-3 general residence districts plus administrative, professional, and business offices. The districts are mapped in relation to areas that are developing into office centers with emphasis on accessibility to major streets and related functions, such as major business areas, hospitals, clinics, and apartments utilized by office employees and administrative personnel.Include but are not limited to:
- Bank
- Day care facility
- Housing-Single unit
- Housing-Multiple units
- Housing-Senior
- Housing-Student
- Office
- Medical office
- Library
- Museum / gallery
Property details
Parking
- Parking Information
- Garage Spaces: 0
- Parking Features: Guest Parking, On Street, Parking Garage, Shared Garage/Stall, Underground
Interior
- Bedroom Information
- Bedrooms (Total): 1
- Bathroom Information
- Bathrooms (Full): 1
- Bathrooms (Half): 0
- Room 1 Information
- Room 1 Full Bathrooms: 1
- Room 1 Half Bathrooms: 0
- Room 1 Area: 650
- Room 1 Area Units: Feet.Inches
- Room 1 Type: Main Level
- Room 2 Information
- Room 2 Full Bathrooms: 0
- Room 2 Half Bathrooms: 0
- Room 2 Type: Upper Level
- Room 3 Information
- Room 3 Full Bathrooms: 0
- Room 3 Half Bathrooms: 0
- Room 3 Area Units: Feet.Inches
- Room 3 Type: Lower Level
- Room 4 Information
- Room 4 Full Bathrooms: 0
- Room 4 Half Bathrooms: 0
- Room 4 Area Units: Feet.Inches
- Room 4 Type: Basement Level
- Room 5 Information
- Room 5 Full Bathrooms: 0
- Room 5 Half Bathrooms: 0
- Room 5 Area Units: Feet.Inches
- Room 5 Type: Additional Level
- Room 6 Information
- Room 6 Egress Window: Yes
- Room 6 Flooring: Carpet
- Room 6 Length: 12.6
- Room 6 Level: Main
- Room 6 Type: Bedroom 1
- Room 6 Width: 11.6
- Room 7 Information
- Room 7 Flooring: Laminate
- Room 7 Length: 9.6
- Room 7 Level: Main
- Room 7 Type: Kitchen
- Room 7 Width: 7.4
- Room 8 Information
- Room 8 Full Bathrooms: 0
- Room 8 Half Bathrooms: 0
- Room 8 Type: Third Floor
- Heating & Cooling
- Heating: Forced Air, Central Air
- Interior Features
- Fireplaces Total: 0
Exterior
- Property Type
- Property Sub Type: Attached Condo
- Exterior Features
- Roof: Other
- Property Information
- Property Sub Type: Attached Condo
- Lot Information
- Lot Features: Corner Lot, Level
- Lot Size Dimensions: unknown
- Building Information
- Is New Construction: No
- Building Area Total: 650
- Stories (Total): 4
Financial
- Tax Information
- Tax Year: 2022
- Tax Annual Amount: 514.62
- Tax Legal Description: Town House Condominiums Unit 507
Utilities
- Utility Information
- Water Source: Public Sewer, Public
Location
- HOA Information
- Association Fee 2: 517
- School Information
- High School: Springfield District #186
- Location Information
- Directions: Corner of 7th and Lawrence
- Subdivision Name: None
- MLS Area Minor: Springfield
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Condo/Co-op
- Year Built: —
- Year Renovated: —
- County: Sangamon County
- APN: 14340190041
Other
- Listing Information
- MLS Area Minor: Springfield
- Standard Status: Closed
- Home Information
- Living Area: 650
- Building Area Total: 650
- Stories: 1
- Year Built: 1958
- Information for Agents
- Attribution Contact: Offc: 217-787-7000
About this building
Around this home
Schools
Public K-5 • Assigned • 1.1mi
Public 6-8 • Assigned • 2.0mi
Public 9-12 • Assigned • 0.9mi
Lifestyle
Provided by Walk Score and Local Logic
Sun exposure
In this area, properties receive around 10.2 hours in June and 4 hours in December, which is comparable to the U.S. average for solar exposure.
Sell confidently with a local market expert in Springfield. 3 minutes to get started.
Nearby similar homes
New listings for sale in 62703
Home values near 718 S 7th St #507
| Address | Redfin Estimate |
|---|---|
2 Beds | 1.5 Baths | 1060 Sq. Ft. | $66,094 |
1 Beds | 1 Baths | 669 Sq. Ft. | $53,325 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 636 Sq. Ft. | $51,331 |
1 Beds | 1 Baths | 690 Sq. Ft. | $70,623 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 520 Sq. Ft. | $52,133 |
3 Beds | 2 Baths | 2035 Sq. Ft. | $123,757 |
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