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301 Madison Avenue

301 Madison Avenue, Charleston, IL 61920
Property in Charleston
Sold Feb 19, 2021
$73,000
$116,000 by First Neighbor Bank Na
Mortgage
Sold Feb 16, 2007
$68,000
$75,150 by First Financial Bank Na
Mortgage Due Feb 15, 2027
301 Madison Avenue in Charleston, IL was first built in 1925 and is 99 years old. This has been categorized as a residential property type. 301 Madison Avenue has 7,400 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 400 ft and the linear feet between the front and back of the lot is 1,120. In total, the area measurement of the land is 4,356 square feet.

Learn more about the property and building on this page. The condition of the building has been evaluated as average. 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, 301 Madison Avenue sold most recently in Feb 17, 2021 for a total of $73,000. If you work out the math, that's approximately a cost of $9.86 per sqft. Before that, the property was also sold for $68,000 in Feb 7, 2007. 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 $2,068 in taxes each year. 301 Madison Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $24,258. If we break it down further, the land itself was valued at $4,668. Improvements to the property, however, were assessed at a total of $19,590. 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
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Building Condition: Average
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 400
  • Total Building Area: 7,400
  • Building Area: 7,400
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 7,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: A COMPTONS SUBD
  • Land Acres: 0.1
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: A COMPTONS SUBD (FRAC L150 OF OT) BLK 3 LOT 14 SE 1/4 SEC 10 T12N R09E

Ownership

  • Current Owner : COTTONE PAUL
  • Previous Owner : SAUNDERS BRANDON A
  • Previous Owner 2: SAUNDERS MICHELLE N
  • Owner Before Previous Owner: EDWARDS TRUDY L
  • Owner Before Previous Owner 2: TRESNER TRACY L
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Charleston Community Unit School District 1
  • Census Tract: 000500

Geography

  • District: 02
  • Parcel: 02-1-05891-000
  • Block: 3
  • Lot: 14
  • Meridian: SEC 10 TWN 12N RNG 09E
  • Municipality: CHARLESTON
  • Latitude: 39.4959
  • Longitude: -88.1788

    Address

  • Full Address: 301 Madison Ave
  • Address - House Number: 301
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Charleston
  • Carrier Code: C008
  • 4-Digit Zip Code: 1447
  • Zip Code: 61920

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,068
  • Tax Rate Code Area: 02003

    Appraisal Valuation

  • Standard Deviation: 0.3553
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 28
  • Final Value: 205,083
  • High Value: 277,959
  • Low Value: 132,206

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $116,000
  • First Open Lien Mortgage Lender: FIRST NEIGHBOR BANK NA
  • First Open Lien Mortgage Recording Date: Feb 19, 2021
  • First Open Lien Mortgage Loan Amount: $116,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $72,774
  • Market Land Value: $14,004
  • Market Improvement Value: $58,770

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,258
  • Assessed Land Value: $4,668
  • Assessed Improvements Value: $19,590

    Sales

  • Current Sale Contract Date: Feb 17, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Transaction ID: 11827724687
  • Current Sale Price: $73,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202100792978
  • Previous Sale Recording Date: Feb 16, 2007
  • Previous Sale Contract Date: Feb 07, 2007
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NEIGHBOR BANK NA
  • First Mortgage Transaction Date: Feb 19, 2021
  • First Mortgage Loan Amount: $116,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FINANCIAL BANK NA
  • Previous Mortgage Transaction Date: Feb 16, 2007
  • Previous Mortgage Loan Amount: $75,150
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Feb 15, 2027

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Frequently Asked Questions

What neighborhood is 301 Madison Avenue located in?
The 301 Madison Avenue is a located in the neighborhood of Charleston in Charleston, Charleston.
What is the average sales price for listings in 301 Madison Avenue?
The average sales price for units in 301 Madison Avenue is $0 currently.

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