NOT LISTED FOR SALE

522 E Madison St Belvidere, IL 61008

Estimated Value: $146,000 - $183,000

2 Beds
2 Baths
1,992 Sq Ft
$81/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $53,000 $27 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $1,133/month

34 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 4-minute walk to Big Thunder Park

About This Home

As of April 2023

Two-family in a nice location, convenient to parks, shops, and transportation. Each unit has one bedroom and one bathroom. There's a covered front porch and a shed in the backyard. Please independently verify all information including schools and taxes. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

Larry Holen

DICKERSON & NIEMAN License #471007097 Listed on: 02/16/2023

Last Buyer's Agent

Matt Koch

Gambino Realtors License #475137404

Gambino Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,104

Year Built

  • Built in 1900

Lot Details

  • 8,276

Parking

  • 1 Car Parking Space

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,992 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Lincoln Elementary School
  • Belvidere Central Middle School
  • Belvidere High School

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,104

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: MULTIFAMILY
  • Exemptions: Owner
  • Front: 66
  • General Features: Porch Covered
  • Legal Description: 25-44-3 LT 5 WM Cooper's Sub 522 E MADISON ST
  • Lvt Date: 02/16/2023
  • Rear: 66
  • Side 1: 132
  • Side 2: 132
  • Style: 2 Story
  • Type: 2 Units
  • Number Of Floors In Bldg: 2
  • Number Of Units In Bldg: 2
  • Agent Only_ L A1 User Code: 4810
  • Elementary School: Lincoln Elementary
  • Estimated Total Finished Sq Ft: 1992
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Two-family in a nice location, convenient to parks, shops, and transportation. Each unit has one bedroom and one bathroom. There's a covered front porch and a shed in the backyard. Please independently verify all information including schools and taxes. This is a Fannie Mae HomePath property.
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Partial
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 1

Utilities

  • Sewer: City
  • Water: City
  • Separate Utilities: Yes

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2021
  • Taxes: 2104

MLS Schools

  • HighSchool: Belvidere High
  • School District: Belvidere 100
  • Middle School: Belvidere Central Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Apr 4, 2023
Sold by
Fannie Mae
Bought by
Hernandez Manuel
Seller's Agent
Larry Holen
DICKERSON & NIEMAN
Buyer's Agent
Matt Koch
Gambino Realtors
List Price
$44,900
Sold Price
$53,000
Premium/Discount to List
$8,100
18.04%
Views
629
Current Estimated Value
$160,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,554
Avg. Annual Appreciation
49.86%

Purchase Details

Listed on
Jul 1, 2013
Closed on
Oct 18, 2013
Bought by
Zmijewski Ariel and Zmijewski Tina B
Seller's Agent
Jane Eurek
Dickerson & Nieman Realtors
Buyer's Agent
Jane Eurek
Dickerson & Nieman Realtors
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%
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
Hernandez Manuel $53,000 Attorney Only
Zmijewski Ariel -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2023 04/07/23 Sold $53,000 +18.0% $27 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $44,900 -10.2% $23 / Sq Ft
08/30/2013 08/30/13 Sold $50,000 -9.1% $30 / Sq Ft View Prior Sale
08/12/2013 08/12/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $55,000 -- $33 / 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 $3,532 $40,863 $3,844 $37,019
2023 $3,532 $19,941 $5,894 $14,047
2022 $2,339 $24,149 $5,894 $18,255
2021 $2,244 $23,113 $5,894 $17,219
2020 $2,203 $21,362 $6,214 $15,148
2019 $2,104 $38,579 $24,856 $13,723
2018 $2,144 $77,679 $64,473 $13,206
2017 $2,093 $19,672 $6,512 $13,160
2016 $2,083 $18,779 $6,406 $12,373
2015 $2,332 $20,437 $8,008 $12,429
2014 $1,044 $23,891 $8,008 $15,883
Source: Public Records

Agents Affiliated with this Home

  • Larry Holen

    Seller's Agent in 2023

    Larry Holen

    DICKERSON & NIEMAN

    (815) 703-7060

    8 in this area

    228 Total Sales

    Larry Holen
    Section Image
  • Matt Koch

    Buyer's Agent in 2023

    Matt Koch

    Gambino Realtors

    (815) 543-7945

    4 in this area

    68 Total Sales

    Matt Koch
    Section Image

  • J

    Seller's Agent in 2013

    Jane Eurek

    Dickerson & Nieman Realtors

    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202300676

NorthWest Illinois Alliance of REALTORS®

APN: 05-25-154-006

Illinois Boone County Belvidere 61008

522 E Madison St, Belvidere, IL

Not Listed for Sale

MultiFamily

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