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1507 Madison Street

1507 Madison Street, Quincy, IL 62301
Property in Quincy
Refi May 20, 2020
Transfer
$54,000 by United Community Bank
Mortgage Due Jun 01, 2035
Local assessors in Quincy, IL have categorized 1507 Madison Street as a residential type of property. The property's lot size has been calculated to be 7,505 square feet. The linear feet between the front and back of the lot was measured at 1,900 ft and the front of the lot was measured at 390 ft.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,570 in taxes each year. 1507 Madison Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $29,430. If we break it down further, the land itself was valued at $1,690. Improvements to the property, however, were assessed at a total of $27,740. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,505
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 390
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: NW SEC 12 2S9W LANDS BEG 117.5FT E NE COR 15TH MADISON E 39.5FT N 190 W 39.5FT S 190FT PT NW SEC 12

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Quincy School District 172
  • Census Tract: 001002

Geography

  • District: 23
  • Section: 12
  • Parcel: 237042600000
  • Meridian: SEC 12 TWN 02S RNG 09W
  • Municipality: QUINCY
  • Latitude: 39.9199
  • Longitude: -91.3913

    Address

  • Full Address: 1507 Madison St
  • Address - House Number: 1507
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Quincy
  • Carrier Code: C014
  • 4-Digit Zip Code: 5523
  • Zip Code: 62301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,570
  • Tax Rate Code Area: 23001

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 67
  • Final Value: 124,329
  • High Value: 153,259
  • Low Value: 95,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $54,000
  • First Open Lien Mortgage Lender: UNITED COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: May 20, 2020
  • First Open Lien Mortgage Loan Amount: $54,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Market Valuation

  • Market Total Value: $88,290
  • Market Land Value: $5,070
  • Market Improvement Value: $83,220

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,430
  • Assessed Land Value: $1,690
  • Assessed Improvements Value: $27,740

About Quincy



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Frequently Asked Questions

What neighborhood is 1507 Madison Street located in?
The 1507 Madison Street is a located in the neighborhood of Quincy in Quincy, Quincy.
What is the average sales price for listings in 1507 Madison Street?
The average sales price for units in 1507 Madison Street is $0 currently.

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