NOT LISTED FOR SALE

354 Madison Ave Glencoe, IL 60022

Estimated Value: $1,186,000 - $1,440,000

5 Beds
4 Baths
1,779 Sq Ft
$714/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $935,000 $526 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,137/month

2 Days on Market

Highlights

  • Dining Room with Fireplace
  • Central School Rated A
  • Soaking Tub

About This Home

As of October 2021

LOCATION + SPACE IS EVERYTHING and 354 Madison is the perfect home to invest in! The classic center entry colonial feels timeless in character and charm. The dining room is upscaled with a fireplace and french doors into the family room. The kitchen is semi~open to the family room and is spacious and light with an eating area encircled with windows bringing in natural light and views into the huge back yard. The formal living room is the perfect space to relax with a good book. The second story bedrooms are great in size with generous closets to match and a hall bath. The primary bedroom has a vaulted ceiling, sweet light kissed windows, giant walk-in closet and a sybaris like spa bath that has major potential! The third story is a huge surprise with two additional large bedrooms with vaulted ceilings, full bathroom and a bonus yoga/meditation room or office. The finished space sprawls down to the finished basement with a cozy play space with fireplace, wine room, work room and laundry/utility room. The 2 car detached garage can be rebuilt in its existing footprint or rebuilt near the back of the property. The private back yard is perfect for play and entertaining! Madison Avenue is lined with mature trees and just steps away from all that Glencoe has to offer! Walk out your front door to parks, ice skating, hockey, sledding, tennis, disc golf, baseball, and South School! Conveniently located close to downtown Glencoe's boutique shopping, restaurants, parks, train and more! The perfect home to grow with! Schedule your showing soon!

Last Agent to Sell the Property

Jessica Rosien

Compass License #475157036 Listed on: 08/25/2021

Compass

Last Buyer's Agent

Jody Dickstein

@properties Christie's International Real Estate License #475123608

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1940

Lot Details

  • 8,712

Parking

  • Driveway

Home Design

  • Aluminum Siding

Interior Spaces

  • 3-Story Property
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Finished Basement

  • Fireplace in Basement
  • Basement Window Egress

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 3 Stories
  • Property Sub Type: 3 Stories
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Colonial
  • Directions: Vernon South to Left on Madison to Home on Right.
  • Lot Size: 50X172
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Egress Window
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Basement,Dining Room
  • Total Sq Ft: 0
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplaces: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Walk-In Closet(s)
  • Dining Room Type: Bonus Room, Bedroom 5, Eating Area, Foyer, Office, Recreation Room, Walk In Closet, Workshop

Exterior Features

  • Roof: Asphalt
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Aluminum Siding
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Driveway: Asphalt
  • Parking: None

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Laundry Chute, Sink
  • Sewer: Sewer-Storm
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School #2: West School
  • Junior High Dist: 203
  • Middle Or Junior School: Central School

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 16762.18
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 5, 2021
Sold by
Weaver Michael S and Mitchell Maureen A
Bought by
Salzman Daniel and Salzman Melissa
Seller's Agent
Jessica Rosien
Compass
Buyer's Agent
Jody Dickstein
@properties Christie's International Real Estate
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%
Current Estimated Value
$1,269,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,708
Avg. Annual Appreciation
7.36%
Original Mortgage
$548,250
Outstanding Balance
$496,301
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$773,407

Purchase Details

Closed on
Jun 2, 2004
Sold by
Perkins Coie Llp
Bought by
Weaver Michael S and Mitchell Maureen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2003
Sold by
Walther Donald E and Walther Melisssa A
Bought by
Perkins Coie Llp

Purchase Details

Closed on
May 1, 2002
Sold by
Manhard Donald E and Manhard Patricia M
Bought by
Walther Donald E and Walther Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salzman Daniel $935,000 First American Title
Weaver Michael S $965,000 Old Republic National Title
Perkins Coie Llp $973,000 --
Walther Donald E $880,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salzman Daniel $548,250
Previous Owner Weaver Michael S $772,000
Previous Owner Walther Donald E $300,000
Closed Walther Donald E $420,000
Closed Weaver Michael S $96,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $935,000 -1.6% $526 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $950,000 -- $534 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $18,532 $94,475 $25,480 $68,995
2024 $18,532 $75,657 $22,750 $52,907
2023 $17,302 $75,657 $22,750 $52,907
2022 $17,302 $75,657 $22,750 $52,907
2021 $14,498 $53,899 $16,380 $37,519
2020 $16,762 $63,324 $16,380 $46,944
2019 $16,174 $68,831 $16,380 $52,451
2018 $16,009 $66,410 $14,560 $51,850
2017 $15,568 $66,410 $14,560 $51,850
2016 $14,820 $66,410 $14,560 $51,850
2015 $13,602 $54,557 $12,057 $42,500
2014 $13,280 $54,557 $12,057 $42,500
2013 $12,653 $54,557 $12,057 $42,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11199528

Midwest Real Estate Data (MRED)

APN: 05-07-418-007-0000