Seller's Agent in 2021
Kim Fazio
RE/MAX
(618) 407-6194
111 in this area
187 Total Sales
2610 Madison Ave Granite City, IL 62040
Estimated Value: $144,000 - $256,000
16
Beds
4
Baths
3,440
Sq Ft
$57/Sq Ft
Est. Value
Highlights
- Brick or Stone Mason
- Forced Air Heating System
- Coin Laundry
About This Home
As of April 2021GREAT INCOME POTENTIAL ON THESE 12 UNITS. TWO BUILDINGS 2610 - 2612 MADISON AVE. ONE BUILDING HAS 8 UNITS AND ONE BUILDING HAS 4 UNITS. FULLY LEASED. EIGHT UNIT ARE 1 BEDROOM WITH BASEMENT AND COIN OPERATED LAUNDRY. SELLER PAYS GAS, WATER, SEWER AND TRASH. FOUR UNIT ARE TWO BEDROOMS ON A CRAWL. SELLER PAYS WATER, SEWER AND TRASH. MOST UNITS HAVE SELLER OWNED RANGE AND REFRIGERATORS. MANY UNITS HAVE BEEN UPDATED WITH PAINT AND FLOORING. MANY UNITS HAVE NEWER WINDOWS WITHIN LAST 3 YEARS. ALL UNITS ARE CURRENTLY OCCUPIED. MOST WITH A LEASE BUT SEVERAL LONG TERM RENTERS ARE NOT. PRE APPROVED BUYERS ONLY FOR SHOWINGS. SOLD AS IS. ADDITIONAL PARCEL 22-2-20-18-16-402-001. BUYER TO VERIFY ALL INFORMATION PROVIDED AS IT IS GATHERED FROM VARIOUS SOURCES.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,910
Year Built
- Built in 1962
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 80 x 120
Parking
- On-Street Parking
Home Design
- Brick or Stone Mason
Schools
- Granite City Dist 9 Elementary And Middle School
- Granite City High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electric
- Assessor Parcel Number 22-2-20-18-16-402-001.001
Community Details
Overview
- 2 Buildings
- 12 Units
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2021
Closed on
Apr 30, 2021
Sold by
Hunt Gerald L and Hunt Katherine M
Bought by
2610 Madison Avenue Land Trust
Seller's Agent
Kim Fazio
RE/MAX Alliance
Buyer's Agent
Jeff Moss
Hartmann Realtors, Inc
List Price
$245,000
Sold Price
$200,000
Premium/Discount to List
-$45,000
-18.37%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,688
Avg. Annual Appreciation
-0.30%
Original Mortgage
$160,000
Outstanding Balance
$145,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$52,312
Purchase Details
Closed on
May 24, 2006
Sold by
Taylor Jack and Taylor Velda
Bought by
Hunt Gerald L and Hunt Katherine M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2610 Madison Avenue Land Trust | $200,000 | Abstracts & Titles | |
| Hunt Gerald L | $260,000 | Pontoon Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2610 Madison Avenue Land Trust | $160,000 | |
| Previous Owner | Hunt Gerald L | $234,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $200,000 | 0.0% | $58 / Sq Ft |
| 03/10/2021 03/10/21 | Price Changed | $200,000 | -18.4% | $58 / Sq Ft |
| 02/26/2021 02/26/21 | For Sale | $245,000 | -- | $71 / Sq Ft |
Source: MARIS MLS
Tax History Compared to Growth
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 | $2,910 | $33,390 | $2,960 | $30,430 |
| 2023 | $2,910 | $30,100 | $2,670 | $27,430 |
| 2022 | $2,866 | $27,580 | $2,450 | $25,130 |
| 2021 | $2,676 | $25,870 | $2,300 | $23,570 |
| 2020 | $4,558 | $43,090 | $2,200 | $40,890 |
| 2019 | $4,427 | $40,850 | $2,090 | $38,760 |
| 2018 | $4,321 | $39,660 | $2,030 | $37,630 |
| 2017 | $4,239 | $41,130 | $2,110 | $39,020 |
| 2016 | $4,323 | $41,130 | $2,110 | $39,020 |
| 2015 | $3,898 | $41,130 | $2,110 | $39,020 |
| 2014 | $3,898 | $41,130 | $2,110 | $39,020 |
| 2013 | $3,898 | $41,130 | $2,110 | $39,020 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Fazio
-
Jeff Moss
Buyer's Agent in 2021
Jeff Moss
Hartmann Realtors, Inc
(618) 344-7900
10 in this area
37 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS21011990
APN: 22-2-20-18-16-402-001.001
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