NOT LISTED FOR SALE

2509 NE Madison Ave Peoria, IL 61603

Downtown Peoria Neighborhood

Estimated Value: $36,000 - $109,740

2 Beds
1 Bath
1,332 Sq Ft
$46/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $25,500 $19 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $373/month

6 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Replacement Windows
  • Eat-In Kitchen
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2024

Calling all investors looking to add to their portfolio or any first-time buyers looking for a starter home. This 2 bedroom, 1 bath home offers a large kitchen along with a potential office space or dining area on the main floor. This home features a newer roof (within the last 5 years) newer furnace (within the last 2-3 years) and some replacement windows. The basement has potential for a "man cave" or family room space. Schedule your appointment today!

Last Agent to Sell the Property

Amanda Allsup

RE/MAX Traders Unlimited Brokerage Phone: 309-648-8187 License #475186236 Listed on: 04/05/2024

RE/MAX Traders Unlimited

Last Buyer's Agent

Adam Merrick

Adam Merrick Real Estate License #471018071

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $460

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 134 x 30
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,332 Sq Ft Home
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Peoria High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sibley Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 14-35-353-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$460

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1935
  • Architectural Style: Bungalow
  • New Construction: No
  • PricePerSqFt: 19.14
  • Attribution Contact: Cell: 309-648-8187
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Full, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Cable Available
  • Living Area: 1332
  • TotalBasementSqFt: 888
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Unknown, Vinyl Siding
  • Exterior Features: Replacement Windows
  • Roof: Shingle
  • 100YearPlain: No
  • Conversion: 0

Garage/Parking

  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Heating: Gas, Forced Air, Gas Water Heater, No Cooling
  • Water Source: Public Sewer, Public
  • UtilitiesOnYN: No

Condo/Co-op/Association

  • Senior Community: No
  • MandatoryAnnualFee: No

Schools

  • High School: Peoria High

Lot Info

  • Zoning: R
  • Lot Size: 134 x 30
  • Parcel #: 14-35-353-013
  • ZonedAgricultural: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 460.12
  • TaxExemptions: Homestead/Owner Occupied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Ac Wallace Holdings Llc
Bought by
Affordable Place Llc
Current Estimated Value
$61,685

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 14, 2024
Sold by
Horton David and Horton Victoria
Bought by
Ac Wallace Holdings Llc
Seller's Agent
Amanda Allsup
RE/MAX Traders Unlimited
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$28,000
Sold Price
$25,500
Premium/Discount to List
-$2,500
-8.93%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.87%

Purchase Details

Closed on
Feb 20, 2014
Bought by
Horton Victoria and Horton David
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Affordable Place Llc -- Freedom Title Insurance Agency
Ac Wallace Holdings Llc $25,500 None Listed On Document
Horton Victoria $25,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $25,500 -8.9% $19 / Sq Ft
04/05/2024 04/05/24 For Sale $28,000 -- $21 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $431 $9,110 $1,290 $7,820
2023 $449 $8,350 $1,180 $7,170
2022 $460 $7,360 $1,130 $6,230
2021 $474 $7,010 $1,080 $5,930
2020 $478 $6,940 $1,070 $5,870
2019 $475 $7,080 $1,090 $5,990
2018 $465 $7,870 $1,220 $6,650
2017 $460 $7,950 $1,230 $6,720
2016 $456 $7,950 $1,230 $6,720
2015 $439 $7,800 $1,210 $6,590
2014 $434 $8,280 $1,280 $7,000
2013 -- $8,390 $1,300 $7,090
Source: Public Records

Agents Affiliated with this Home

  • Amanda Allsup

    Seller's Agent in 2024

    Amanda Allsup

    RE/MAX

    (309) 648-8187

    2 in this area

    50 Total Sales

    Section Image
  • Adam Merrick

    Buyer's Agent in 2024

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    105 in this area

    4,379 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1249382

RMLS Alliance

APN: 14-35-353-013

Illinois Peoria County Peoria 61603 Downtown Peoria

2509 NE Madison Ave, Peoria, IL

This home is located at 2509 NE Madison Ave, Peoria, IL 61603 since 05 April 2024 and is currently estimated at $61,685, approximately $46 per square foot. This property was built in 1935. 2509 NE Madison Ave is a home located in Peoria County with nearby schools including Lincoln School, Peoria High School, and St Thomas Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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