505 Grimes Rd is a 1,411 square foot house on a 3.91 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Lincoln data, we estimate the home's value is $396,756.
Single-familyProperty Type
1971Year Built
3.91 acresLot Size
$281Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$396,756
$8,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 23.4% lower than the average sale price ($518K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$3,747 (−3.4%)
$131,000 + $191,800
$322,800
2024
$3,879 (+9.4%)
$131,000 + $191,800
$322,800
2023
$3,546 (−29.1%)
$72,200 + $151,400
$223,600
2022
$5,003 (−0.6%)
$72,200 + $151,400
$223,600
2021
$5,034 (+1.7%)
$72,200 + $151,400
$223,600
2020
$4,948 (+3.3%)
$72,200 + $151,400
$223,600
2019
$4,792 (+1.0%)
$72,200 + $151,400
$223,600
2018
$4,745 (−0.7%)
$72,200 + $151,400
$223,600
2016
$4,779 (−1.9%)
$72,200 + $151,400
$223,600
2015
$4,870
$72,200 + $151,400
$223,600
2013
$72,200 + $151,400
$223,600
Tax history for 505 Grimes Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,747 (−3.4%)
$131,000 + $191,800
$322,800
2024
$3,879 (+9.4%)
$131,000 + $191,800
$322,800
2023
$3,546 (−29.1%)
$72,200 + $151,400
$223,600
2022
$5,003 (−0.6%)
$72,200 + $151,400
$223,600
2021
$5,034 (+1.7%)
$72,200 + $151,400
$223,600
2020
$4,948 (+3.3%)
$72,200 + $151,400
$223,600
2019
$4,792 (+1.0%)
$72,200 + $151,400
$223,600
2018
$4,745 (−0.7%)
$72,200 + $151,400
$223,600
2016
$4,779 (−1.9%)
$72,200 + $151,400
$223,600
2015
$4,870
$72,200 + $151,400
$223,600
2013
$72,200 + $151,400
$223,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
TRANSITIONAL
Transitional District
To continue the Towns present settlement pattern of compact population centers South Lincoln, West Lincoln, Downingsville and Lincoln Center surrounded by a rural countryside; these regulations create a new transitional district around the village cores noted above and along established town roads. The Transitional District generally extends 1 mile from the edge of the Village District up the roads specified on the zoning map. The District extends 750 feet from the centerline of the road to both sides of the road. Since some boundaries extend larger to fully enclose an internal area And not leave a small cumbersome strip between parallel roads and not all distances from the village are exactly one mile, the map controls. The district’s goals are to encourage the sighting of development so as to maintain open land and to blend structures into the natural surroundings; to maintain scenic views; to reserve agricultural and forestland for production, to enhance ease of access by encouraging development in this district to cluster near existing roads, and to protect wetlands, water resources and wildlife habitat areas.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Property details
Interior
Basement Information
Basement Sq. Ft: 1,006
Basement Type: Unfinished
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Heat Pump
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Fair
Exterior Wall: Wood Siding/Shingle
Building Type: Single Family
Property Information
Living Sq. Ft: 1,411
Building Sq. Ft: 2,417
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: 3.91 ACRES AND DWELLING GRIMES RD 505
Parking & Garage Information
Parking Type: Basement Garage
Garage / Carport Type: Basement
Lot Information
# of Buildings: 1
Land Sq. Ft: 170,320
Municipality Name: LINCOLN
Acres: 3.91
County Use Description: RESIDENTIAL < 6 ACRES
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,411
Stories: 1.5
Lot Size: 3.91 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: —
County: Addison County
APN: 35410910578
Home facts updated by county records on Jun 16, 2026