Check Availability

1113 South Madison Street

1113 South Madison Street, Bloomington, IL 61701
Property in South Hill
Sold May 27, 2010
$88,000
$86,830 by Busey Bank
Mortgage Due Jun 01, 2040
1113 South Madison Street in Bloomington, IL was first built in 1925 and is 99 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1113 South Madison Street has 936 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 720 ft and the linear feet between the front and back of the lot is 1,020. In total, the area measurement of the land is 7,558 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. The garage is 460 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1113 South Madison Street sold most recently in May 20, 2010 for a total of $88,000. If you work out the math, that's approximately a cost of $94.02 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,697 in taxes each year. 1113 South Madison Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $37,730. If we break it down further, the land itself was valued at $8,542. Improvements to the property, however, were assessed at a total of $29,188. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,558
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 720
  • Total Building Area: 936
  • Gross Building Area: 1,196
  • Building Area: 936
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 936
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.174
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUB NW 9-23-2E E1/2 LOT 32 & N 1/2 VAC ALLEY LYG S & ADJ

Ownership

  • Current Owner : ALVAREZ JAIME
  • Previous Owner : RICH WILLIAM
  • Previous Owner 2: RICH PATRICIA ANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 087
  • Census Tract: 005900

Zoning

  • Zoning: R1C

Geography

  • District: 40
  • Parcel: 21-09-177-017
  • Lot: 32
  • Meridian: SEC 09 TWN 23N RNG 02E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4683
  • Longitude: -88.9953

    Address

  • Full Address: 1113 S Madison St
  • Address - House Number: 1113
  • Street Direction: S
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bloomington
  • Carrier Code: C012
  • 4-Digit Zip Code: 6648
  • Zip Code: 61701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,697
  • Tax Rate Code Area: 4001

    Appraisal Valuation

  • Standard Deviation: 0.2079
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 141,317
  • High Value: 170,712
  • Low Value: 111,923

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $136,830
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: May 27, 2010
  • First Open Lien Mortgage Loan Amount: $86,830
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2040
  • Second Open Lien Mortgage Lender: CEFCU
  • Second Open Lien Mortgage Recording Date: Jun 22, 2023
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $113,190
  • Market Land Value: $25,626
  • Market Improvement Value: $87,564

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,730
  • Assessed Land Value: $8,542
  • Assessed Improvements Value: $29,188

    Sales

  • Current Sale Contract Date: May 20, 2010
  • Current Sale Recording Date: May 27, 2010
  • Current Sale Transaction ID: 1178651478
  • Current Sale Price: $88,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2010-00011271

    Last Sale Mortgage

  • First Mortgage Lender: BUSEY BANK
  • First Mortgage Transaction Date: May 27, 2010
  • First Mortgage Loan Amount: $86,830
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2040

About South Hill



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1113 South Madison Street located in?
The 1113 South Madison Street is a located in the neighborhood of South Hill in South Hill, Bloomington.
What is the average sales price for listings in 1113 South Madison Street?
The average sales price for units in 1113 South Madison Street is $0 currently.

Quantcast