NOT LISTED FOR SALE

401 4th St Unit 401 Madison Street Galena, IL 61036

Estimated Value: $456,000 - $562,000

2 Beds
3 Baths
3,500 Sq Ft
$143/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $415,000 $119 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,942/month

765 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Great Room
  • Galena Primary School Rated A-
  • 3 Fireplaces
  • Brick or Stone Mason

About This Home

As of June 2022

Looking for your very own Galena Getaway? Here is a unique opportunity to purchase a luxury Historic Brick in a quiet part of Galena. The stunning home was built in 1891 as Galena's East Side/First Ward School. It has been totally transformed into a lovely residence while preserving its historic grandeur. With three levels, two bedrooms and three baths it can be shared by friends or family for added affordability. The home features a beautiful solarium with stone accent walls and large glass windows/skylights to allow in plenty of natural light. The kitchen features plenty of counter space and a nice open floor plan to the dining area which features a wine cellar. Perfect location, just minutes away from all forms of dining and recreational activities downtown Galena. This home's furnishings are negotiable on a separate bill of sale. Call today to schedule you're private tour of this beautiful home!

Last Agent to Sell the Property

Garrett Hillary

KELLER WILLIAMS REALTY SIGNATURE License #475166902 Listed on: 04/06/2022

KELLER WILLIAMS REALTY SIGNATURE

Last Buyer's Agent

AGENT NON-MLS

NON-MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,641

Lot Details

  • 1.03 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Window Treatments
  • Great Room

Kitchen

  • Built-In Oven
  • Stove
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Deck
  • Fire Pit
  • Enclosed Glass Porch

Schools

  • Galena Elementary And Middle School
  • Galena High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,641

Lot Details

0

Listing Details

  • Interior Amenities: Bar-Wet, Ceiling-Vaults/Cathedral, CO Detectors, Smoke Detectors, Window Treatments
  • Road Frontage: City/Town, Hard Surface Road
  • Type: City/Town
  • Electric: Circuit Breaker
  • Additional Room 5: Solarium, Dimensions: 17'9"x14'10", On Level: Lower
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Wall Oven, Washer
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1496
  • Estimated Below Grade Finished Sq Ft: 952
  • General Features: Deck, Great Room, Home Warranty, L.L. Finished Space, Fire-Pit/Fireplace, Laundry Basement, Patio-Brick Paver, Porch Glass
  • Grid: Galena
  • Legal Description: To follow on Deed
  • Lot Acreage: 1.03
  • Lvt Date: 04/06/2022
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Stove Range Fuel: Gas
  • Style: 2 Story
  • Type: House
  • Agent Only_ L A1 User Code: F_7837
  • Egress: Yes
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 3500
  • Estimated Upper Sq Ft: 1052
  • Garage Type Driveway: Gravel
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Looking for your very own Galena Getaway? Here is a unique opportunity to purchase a luxury Historic Brick in a quiet part of Galena. The stunning home was built in 1891 as Galena's East Side/First Ward School. It has been totally transformed into a lovely residence while preserving its historic grandeur. With three levels, two bedrooms and three baths it can be shared by friends or family for added affordability. The home features a beautiful solarium with stone accent walls and large glass windows/skylights to allow in plenty of natural light. The kitchen features plenty of counter space and a nice open floor plan to the dining area which features a wine cellar. Perfect location, just minutes away from all forms of dining and recreational activities downtown Galena. This home's furnishings are negotiable on a separate bill of sale. Call today to schedule you're private tour of this beautiful home!
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 2548
  • L O1 Brokerage Number: 481011083
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 2
  • Basement Type: Full
  • Master Bedroom: Dimensions: 15'9"x11'6", On Level: Upper
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 11'6"x8'11", On Level: Upper
  • Dining Room: Yes, On Level: Lower, Dimensions: 28'1"x17'3"
  • Family Room: Yes, On Level: Upper, Dimensions: 27'10"x13'1"
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Kitchen: Dimensions: 24'3"x9'4", On Level: Lower
  • Living Room: Yes, On Level: Main, Dimensions: 27'10"x23'7"
  • Number Of Fireplaces: 3
  • Price Per Sq Ft: 118.57
  • Total Bathrooms: 3
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Natural Gas

Schools

  • School District: Galena
  • Elementary School: Galena
  • Middle School: Galena
  • High School: Galena

Tax Info

  • Year: 2021
  • Taxes: 10641

MLS Schools

  • HighSchool: Galena
  • School District: Galena
  • Middle School: Galena

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Jun 16, 2022
Sold by
Gutman Daniel and Gutman Mary C
Bought by
Hubanks Joseph and Sanman Matthew
Seller's Agent
Garrett Hillary
KELLER WILLIAMS REALTY SIGNATURE
Buyer's Agent
AGENT NON-MLS
NON-MLS OFFICE
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Current Estimated Value
$496,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,437
Avg. Annual Appreciation
5.59%
Original Mortgage
$330,400
Outstanding Balance
$285,725
Interest Rate
5.12%
Mortgage Type
New Conventional
Estimated Equity
$206,556

Purchase Details

Closed on
Sep 16, 2020
Sold by
Backman Jeff M
Bought by
Gutman Daniel

Purchase Details

Closed on
Nov 16, 2018
Sold by
Brogan John J and Brogan Joanne
Bought by
Downey John M and Backman Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.12%
Mortgage Type
New Conventional
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
Hubanks Joseph $415,000 Chicago Title Co
Gutman Daniel $365,000 Old Republic Nat L Title
Downey John M $360,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hubanks Joseph $330,400
Previous Owner Downey John M $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $415,000 -2.4% $119 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/06/2020 04/06/20 For Sale $425,000 -- $121 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $14,688 $189,146 $16,186 $172,960
2023 $12,351 $154,291 $13,203 $141,088
2022 $12,351 $131,581 $11,260 $120,321
2021 $10,641 $121,721 $10,416 $111,305
2020 $9,117 $101,397 $10,418 $90,979
2019 $9,052 $101,397 $10,418 $90,979
2018 $7,883 $101,397 $10,418 $90,979
2017 $7,738 $101,397 $10,418 $90,979
2016 $8,499 $101,376 $10,417 $90,959
2015 $8,542 $101,376 $10,417 $90,959
2014 $8,124 $101,376 $10,417 $90,959
Source: Public Records

Agents Affiliated with this Home

  • Garrett Hillary

    Seller's Agent in 2022

    Garrett Hillary

    KELLER WILLIAMS REALTY SIGNATURE

    (815) 297-4150

    50 in this area

    247 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    AGENT NON-MLS

    NON-MLS OFFICE

See All Agents

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202201902

NorthWest Illinois Alliance of REALTORS®

APN: 06-500-198-00

Illinois Jo Daviess County Galena 61036

401 4th St Unit 401 Madison Street, Galena, IL

This home is located at 401 4th St Unit 401 Madison Street, Galena, IL 61036 since 06 April 2022 and is currently estimated at $501,808, approximately $143 per square foot. 401 4th St Unit 401 Madison Street is a home located in Jo Daviess County with nearby schools including Galena Primary School, Galena Middle School, and Galena High 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.

NorthWest Illinois Alliance of REALTORS® 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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