NOT LISTED FOR SALE

403 E Madison St Pontiac, IL 61764

Estimated Value: $69,000 - $89,000

3 Beds
2 Baths
1,800 Sq Ft
$45/Sq Ft Est. Value

Sale Details

Date Sold: September 24, 2021

Last sale price $53,000 $29 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $514 / mo

252 Days on Market

Highlights

  • Traditional Architecture
  • First Floor Utility Room
  • Porch
  • Corner Lot

About This Home

As of September 2021

Great investment opportunity on 2 unit home a few blocks from downtown area. Unit 1 has LR, Bedroom, Bath and Kitchen all on first floor. Unit 2 has LR, DR, Kitchen, Utility Room on first floor and 2 spacious bedrooms on 2nd floor. Laminate flooring throughout. 48 hour notice for showings.

Last Agent to Sell the Property

Lisa Martin

Panno Realty License #471020961 Listed on: 12/03/2020

Last Buyer's Agent

Judy Somers

Palen Real Estate License #475125301

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,402

Year Built

  • Built in 1905

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 120
  • Corner Lot

Home Design

  • Traditional Architecture
  • Converted Dwelling
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • First Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Schools

  • Attendance Centers Elementary School
  • Pontiac Junior High School
  • Pontiac High School

Additional Features

  • Porch
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,402

Year Built

Built in 1905

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • MRD_AP1: Stove,Refrigerator
  • MRD_AP2: Stove,Refrigerator,Washer,Dryer
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Utility Room-1st Floor
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Porch
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Shingle Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Conversion YN: Y

Schools

  • Elementary School: Attendance Centers
  • High School: Pontiac High School
  • Middle/Junior School: Pontiac Junior High School

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 60 X 120
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 1402
  • Tax Year: 2019

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Sep 24, 2021
Sold by
Fosnaugh Eric
Bought by
Independence Property Co Llc
Seller's Agent
Lisa Martin
Panno Realty
Buyer's Agent
Judy Somers
Palen Real Estate
List Price
$59,000
Sold Price
$53,000
Premium/Discount to List
-$6,000
-10.17%
Current Estimated Value
$80,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,158
Avg. Annual Appreciation
9.48%
Original Mortgage
$53,309
Outstanding Balance
$48,613
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$31,545
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Independence Property Co Llc $53,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Independence Property Co Llc $53,309
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $53,000 -10.2% $29 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
12/03/2020 12/03/20 For Sale $59,000 -- $33 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $1,102 $11,914 $4,629 $7,285
2023 $1,073 $11,145 $4,330 $6,815
2022 $1,488 $14,797 $4,330 $10,467
2021 $1,447 $14,227 $4,163 $10,064
2020 $1,434 $13,799 $4,038 $9,761
2019 $1,402 $13,195 $3,861 $9,334
2018 $1,670 $15,829 $3,900 $11,929
2017 $1,664 $15,813 $3,896 $11,917
2016 $1,671 $16,005 $3,943 $12,062
2015 $1,688 $16,005 $3,943 $12,062
2013 $1,695 $16,903 $4,225 $12,678
Source: Public Records

Agents Affiliated with this Home

  • Lisa Martin

    Seller's Agent in 2021

    Lisa Martin

    Panno Realty

    (815) 674-4007

    101 in this area

    123 Total Sales

    Lisa Martin
    Section Image
  • Judy Somers

    Buyer's Agent in 2021

    Judy Somers

    Palen Real Estate

    (815) 674-7502

    1 in this area

    48 Total Sales

    Judy Somers
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10946087

Midwest Real Estate Data (MRED)

APN: 15-15-22-429-005

Illinois Livingston County Pontiac 61764

403 E Madison St, Pontiac, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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