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405 South Madison Street

405 South Madison Street, Oswego, IL 60543
Property in Oswego
Sold Nov 21, 2014
$196,000
$150,000 by Peoples Home Equity Inc
Mortgage Due Oct 01, 2031
Sold Jun 01, 1994
$132,000
This has been categorized as a residential property type. There are a total of 2 floors. The basement is 700 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 7,302 square feet.

Learn more about the property and building on this page. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. The property was last sold in Nov 13, 2014 for $196,000. That's $280.00 per sqft. Prior to that sales transaction, the property was also sold in Jun 1, 1994 for $132,000. 405 South Madison Street was last assessed in 2022. The total value of the property was assessed at $69,915. Specifically, the land the property is located on was valued at $15,967. While improvements on the property were assessed at a total of $53,948. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,772. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 700
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,302
  • Total Building Area: 700
  • Gross Building Area: 700
  • Building Area: 700
  • Building Area Measurement: Total Area

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAWLEYS ADDN
  • Land Acres: 0.168
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LT 18 WITH EXC NELY PT LT 17 & PT VAC ALLEY ADJ BLK 2 HAWLEYS ADDN VILLAGE OF OSWEGO

Ownership

  • Current Owner : HARRIS LARRY A
  • Previous Owner : SCANLAN JOSEPH J
  • Previous Owner 2: SCANLAN NANCY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890106

Geography

  • Assessors Map Reference: 3263-B4
  • Parcel: 03-20-104-004
  • Block: 2
  • Lot: 18,17
  • Municipality: OSWEGO TOWNSHIP
  • Latitude: 41.6772
  • Longitude: -88.3568

    Address

  • Full Address: 405 S Madison St
  • Address - House Number: 405
  • Street Direction: S
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Oswego
  • Carrier Code: R012
  • 4-Digit Zip Code: 9056
  • Zip Code: 60543

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,772
  • Tax Rate Code Area: OS008

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 343,694
  • High Value: 401,620
  • Low Value: 285,767

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: PEOPLES HOME EQUITY INC
  • First Open Lien Mortgage Recording Date: Oct 18, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Oct 01, 2031
  • Second Open Lien Mortgage Lender: WEST SUBURBAN BANK
  • Second Open Lien Mortgage Recording Date: May 09, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $209,745
  • Market Land Value: $47,901
  • Market Improvement Value: $161,844

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,915
  • Assessed Land Value: $15,967
  • Assessed Improvements Value: $53,948

    Sales

  • Current Sale Contract Date: Nov 13, 2014
  • Current Sale Recording Date: Nov 21, 2014
  • Current Sale Transaction ID: 1178322648
  • Current Sale Price: $196,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201400016473
  • Previous Sale Recording Date: Jun 01, 1994
  • Previous Sale Contract Date: Jun 01, 1994
  • Previous Sale Amount: $132,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PEOPLES HOME EQUITY INC
  • First Mortgage Transaction Date: Nov 21, 2014
  • First Mortgage Loan Amount: $156,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2044

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: ROOKER, ANDREW J JR & JENNIFER

About Oswego



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Frequently Asked Questions

What neighborhood is 405 South Madison Street located in?
The 405 South Madison Street is a located in the neighborhood of Oswego in Oswego, Oswego.
What is the average sales price for listings in 405 South Madison Street?
The average sales price for units in 405 South Madison Street is $0 currently.

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