NOT LISTED FOR SALE

504 E Madison St Pontiac, IL 61764

Estimated Value: $156,000 - $194,000

4 Beds
2 Baths
2,694 Sq Ft
$68/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $150,000 $56 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,303/month

5 Days on Market

About This Home

As of November 2021

Looking for an updated spacious home? This is the one! This home has 3 to 4 bedrooms with 2 full bathrooms. Lots of beautiful old woodwork, but updated electrical, drywall, plumbing, make this home full of charm, yet updated for todays needs. New hardwood floors and roof in 2019. Kitchen has tall cabinets with a breakfast nook that overlooks the fenced in back yard. Full baths on main floor and 2nd floor. The main floor has a dining room, living room, family room and large foyer. All bedrooms are on the 2nd floor. There is also a full walk up attic and full basement. The 4th bedroom has been converted to a 2nd floor laundry room, but can be converted back to make a 4th bedroom. There is a large closet on the 2nd floor that has hookups for laundry. This home was used as a two unit in the past. Assume hooks up are still in walls if needed. No garage, but the owners have spoke with the city and there is room to build one. Come see all that this home has to offer!

Last Agent to Sell the Property

Nicole Dransfeldt

Star Grieff Realty License #475178882 Listed on: 09/29/2021

Last Buyer's Agent

Star Grieff

Star Grieff Realty License #471020765

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,598

Year Built | Renovated

  • 1906 | 1996

Lot Details

  • 7,187

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Full Attic
  • Unfinished Basement

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,598

Year Built | Renovated

1906 | 1996

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories
  • Property Sub Type: 2 Stories
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 1996
  • Rebuilt Year: 1996
  • Architectural Style: Other
  • Directions: From Howard, turn south on Hazel. Go 1 block to house.
  • Lot Size: 120X60
  • New Construction: No
  • Ownership: Fee Simple
  • Subdivision Name: Not Applicable
  • Special Features: None
  • Year Built: 1906
  • Year Renovated: 1996

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3981
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Attic: Full
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Dining Room Type: No additional rooms

Exterior Features

  • Roof: Asphalt
  • Exterior Building Type: Vinyl Siding
  • Lot Features: Fenced Yard
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Washington Elementary School
  • High School: Pontiac High School
  • Junior High Dist: 90
  • Middle Or Junior School: Pontiac Junior High School

Lot Info

  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 23

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 2620.08
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Nov 9, 2021
Sold by
Gerth Ray G and Gerth Jennifer L
Bought by
Williams Jonathan M
Seller's Agent
Nicole Dransfeldt
Star Grieff Realty
Buyer's Agent
Star Grieff
Star Grieff Realty
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Current Estimated Value
$184,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,128
Avg. Annual Appreciation
3.85%
Original Mortgage
$147,283
Outstanding Balance
$135,842
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$37,111

Purchase Details

Closed on
Jul 19, 2012
Sold by
Ricketts Kevin and Ricketts Susan
Bought by
Gerth Ray and Gerth Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,400
Interest Rate
3.65%

Purchase Details

Closed on
Jul 23, 2009
Sold by
Bank Of Pontiac
Bought by
Hw Kevin Ricketts and Ricketts Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Williams Jonathan M $150,000 None Available
Gerth Ray $94,000 --
Hw Kevin Ricketts $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Jonathan M $147,283
Previous Owner Gerth Jennifer L $0
Previous Owner Gerth Ray $9,400
Previous Owner Gerth Ray $75,200
Previous Owner Hw Kevin Ricketts $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $150,000 -6.2% $56 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $159,900 -- $59 / 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
2024 $3,598 $44,913 $4,629 $40,284
2023 $3,468 $42,014 $4,330 $37,684
2022 $3,659 $42,389 $4,330 $38,059
2021 $2,662 $32,174 $4,163 $28,011
2020 $2,620 $31,207 $4,038 $27,169
2019 $2,533 $29,840 $3,861 $25,979
2018 $2,960 $34,059 $3,900 $30,159
2017 $2,949 $34,025 $3,896 $30,129
2016 $2,969 $34,438 $3,943 $30,495
2015 $2,999 $34,438 $3,943 $30,495
2013 -- $35,345 $4,225 $31,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11231176

Midwest Real Estate Data (MRED)

APN: 15-15-22-435-001