$265,000
SOLD JAN 13, 2025

506 Madison St Unit 4 Joliet, IL 60435

3 Beds
2 Baths
1,750 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$151 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • Mature Trees
  • Fenced Yard
  • 2 Car Attached Garage
  • Ranch Style House
  • Porch
  • Patio

About This Home

As of January 2025

Move-in ready, all-brick ranch with basement and 2-car garage! Spacious and well maintained and waiting for you. Enjoy evenings on the covered front porch. Inside is large living room with picture room. Eat-in kitchen with plenty of cabinets includes appliances. Spacious living room / dining room combo. Family room with fireplace and plantation shutters with lovely views to backyard. Master suite with large master bath features double bowl vanity. Two additional bedrooms share hall bath. In a work from home situation? Main floor office space will suit your needs and Main floor laundry. DRY basement is ready for your vision for finishing. Fenced-in back yard. Roof and furnace replaced in 2023. Estate sale sold "as-is"

Last Agent to Sell the Property

Emily Tracy

Next Home Crossroads License #471018203 Listed on: 09/26/2024

Last Buyer's Agent

George Ayling

Select a Fee RE System License #471002936

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,646

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 83 x 131
  • Fenced Yard
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,750 Sq Ft Home
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Utility Room with Study Area
  • Carpet
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Built-In Oven
  • Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer
  • Sink Near Laundry

Accessible Home Design

  • Grab Bar In Bathroom
  • Halls are 36 inches wide or more
  • Accessibility Features
  • Level Entry For Accessibility
  • Ramp on the main level

Outdoor Features

  • Patio
  • Porch

Schools

  • Joliet West High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,646

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Washer, Dryer, Cooktop, Built-In Oven
  • Basement: Partial
  • Accessibility Features: Hall Width 36 Inches or More, Bath Grab Bars, Main Level Entry, Ramp - Main Level
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 1750
  • Room Type: Study
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm,L-shaped
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 280000
  • Lot Features: Fenced Yard, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Multiple Locations, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Joliet West High School
  • Middle/Junior School District: 86

Lot Info

  • Lot Dimensions: 83 X 131
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 5646
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Jan 9, 2025
Sold by
Theresa M Ventura Living Trust and Ventura Francine
Bought by
Matthews Annie Mae
Seller's Agent
Emily Tracy
Next Home Crossroads
Buyer's Agent
George Ayling
Select a Fee RE System
List Price
$289,000
Sold Price
$265,000
Premium/Discount to List
-$24,000
-8.3%
Total Days on Market
16
Views
54
Current Estimated Value
$272,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,623
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Nov 17, 2005
Sold by
Ventura Theresa M
Bought by
Ventura Theresa M and Theresa M Ventura Living Trust

Purchase Details

Closed on
Nov 19, 2001
Sold by
Ventura Theresa M and Ventura Robert
Bought by
Ventura Theresa M and Ventura Robert

Purchase Details

Closed on
Sep 6, 2000
Sold by
Hales Elizabeth
Bought by
Ventura Robert and Ventura Theresa

Purchase Details

Closed on
Dec 4, 1998
Sold by
Schultz Lucille L and Schultz Marilyn J
Bought by
Hales Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,320
Interest Rate
6.8%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $265,000 Old Republic Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $145,000 Chicago Title Insurance Co
Warranty Deed $118,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $94,320 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Sold $265,000 -5.4% $151 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
10/04/2024 10/04/24 Price Changed $280,000 -3.1% $160 / Sq Ft
10/02/2024 10/02/24 For Sale $289,000 -- $165 / 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
2023 $6,177 $79,743 $19,315 $60,428
2022 $5,772 $72,133 $17,472 $54,661
2021 $5,298 $67,370 $16,318 $51,052
2020 $5,049 $63,979 $15,497 $48,482
2019 $4,657 $59,460 $14,402 $45,058
2018 $4,379 $54,944 $13,308 $41,636
2017 $4,024 $49,953 $12,099 $37,854
2016 $3,758 $45,967 $11,092 $34,875
2015 $3,562 $43,100 $10,400 $32,700
2014 $3,562 $42,900 $10,350 $32,550
2013 $3,562 $45,195 $11,495 $33,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12163202

Midwest Real Estate Data (MRED)

APN: 07-07-125-004