NOT LISTED FOR SALE

722 Iowa St Madison, IL 62060

Estimated Value: $52,000 - $99,000

-- Bed
3 Baths
1,768 Sq Ft
$44/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $39,000 $22 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $564/month

293 Days on Market

About This Home

As of March 2018

Great Investment property. Three 1 bedroom, 1 bath units with steady occupancy. New roof in 2014.

Last Agent to Sell the Property

Debbie Cerkoski

Palm Tree Realty, Llc License #471017025 Listed on: 06/07/2017

Last Buyer's Agent

Andrew Hannigan

Keller Williams Pinnacle License #475151706

Keller Williams Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,844

Year Built

  • 1934

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 37.5x127.5

Parking

  • On-Street Parking

Home Design

  • 1,768 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Concrete Block And Stucco Construction

Utilities

  • Mini Split Air Conditioners
  • Two Cooling Systems Mounted To A Wall/Window
  • Cooling System Mounted To A Wall/Window
  • Two Heating Systems
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,844

Year Built

1934

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: 7th
  • Municipality Township: Venice
  • Special Description: No Exemptions
  • Age: 83
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Square Footage: 1768

Exterior Features

  • Construction: Brick Veneer Predom, Concrete Block, Frame

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: 1 Window/Wall, 2 Window/Wall, Individual Units
  • Heating: Dual System

Lot Info

  • Lot Dimensions: 37.5X127.5
  • Lot Sq Ft: 4792
  • Acres: 0.1100

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric

Multi Family

  • Gross Operating Income: 15600.00
  • Units: 3
  • Total Expenses: 3240.00
  • Type Of Units: 3-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 1710

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2017
Closed on
Mar 30, 2018
Sold by
Cox Taniesha
Bought by
Edwards Christopher A
Seller's Agent
Debbie Cerkoski
Palm Tree Realty, Llc
Buyer's Agent
Andrew Hannigan
Keller Williams Pinnacle
List Price
$49,000
Sold Price
$39,000
Premium/Discount to List
-$10,000
-20.41%
Current Estimated Value
$78,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,076
Avg. Annual Appreciation
9.58%
Original Mortgage
$29,250
Outstanding Balance
$25,609
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$52,467

Purchase Details

Listed on
Jan 27, 2014
Closed on
May 13, 2014
Sold by
Cr Capital Group Llc
Bought by
Cox Taniesha
Seller's Agent
Ryan Gehris
USRealty.com, LLP
Buyer's Agent
Ryan Gehris
USRealty.com, LLP
List Price
$21,900
Sold Price
$13,000
Premium/Discount to List
-$8,900
-40.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.63%

Purchase Details

Closed on
May 27, 2004
Sold by
Coffman Betty J
Bought by
Caravan Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Edwards Christopher A $39,000 Abstracts & Titles
Cox Taniesha $13,000 None Available
Caravan Properties Llc $25,000 Landstar Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Christopher A $29,250
Previous Owner Caravan Properties Llc $25,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2018 03/30/18 Sold $39,000 -13.3% $22 / Sq Ft
12/31/2017 12/31/17 Price Changed $45,000 -8.2% $25 / Sq Ft
06/07/2017 06/07/17 For Sale $49,000 +276.9% $28 / Sq Ft
05/09/2014 05/09/14 Sold $13,000 -40.6% $7 / Sq Ft View Prior Sale
05/09/2014 05/09/14 For Sale $21,900 -- $12 / Sq Ft
Source: MARIS MLS

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 $1,844 $15,010 $970 $14,040
2023 $1,844 $13,240 $1,040 $12,200
2022 $1,731 $11,710 $920 $10,790
2021 $1,603 $11,030 $870 $10,160
2020 $1,609 $10,790 $850 $9,940
2019 $1,623 $10,990 $870 $10,120
2018 $1,653 $12,920 $1,020 $11,900
2017 $1,738 $13,060 $1,030 $12,030
2016 $1,711 $13,060 $1,030 $12,030
2015 $1,373 $10,530 $1,000 $9,530
2014 $1,373 $10,530 $1,000 $9,530
2013 $1,373 $10,650 $1,010 $9,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS17045848

MARIS MLS

APN: 21-2-19-25-11-204-020