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422 South Madison Street

422 South Madison Street, Hinsdale, IL 60521
Property in Downers Grove
Sold Jul 21, 2021
$500,000
$375,000 by Draper & Kramer Mortgage Corp
Mortgage Due Jun 01, 2051
Sold Jun 02, 2017
$358,333
$340,000 by Wintrust Mortgage
Mortgage Due Jun 01, 2047
422 South Madison Street in Hinsdale, IL was first built in 1912 and is 112 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 422 South Madison Street has 1,649 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 basement is 1,099 sqft and has been categorized as a full basement. In total, the area measurement of the land is 6,098 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 400 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of brick. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 422 South Madison Street was last sold in May 25, 2021 for $500,000. According to our calculations, that's $181.95 per sqft. Prior to that sales transaction, the property was sold for $358,333 in May 17, 2017. Current property owners are expected to pay $5,135 in taxes per year. The property on 422 South Madison Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $103,940. To break that down further, the land itself was valued at $64,680. While improvements to the property were assessed at a total of $39,260. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,099
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,748
  • Gross Building Area: 2,748
  • Building Area: 1,649
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,649
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INCL STOUGHS 2ND ADD
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB OF BLKS 9 TO 20 INCL STOUGHS 2ND ADD

Ownership

  • Current Owner : LABABIDY MUHAMMED S
  • Previous Owner : VISHNUBHAKTA ASHOK
  • Previous Owner 2: RAVAL RUPAL
  • Owner Before Previous Owner: WELIN DOUGLAS A
  • Owner Before Previous Owner 2: THE LOIS L WELIN TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 15, 2024

Neighborhood

  • School District Name: Hinsdale Township High School District 86
  • School Tax School District: HINSDALE
  • Census Tract: 845200

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3146-A2
  • Parcel: 09-11-234-015
  • Block: 9-20
  • Lot: 11
  • Municipality: DOWNERS GROVE
  • Latitude: 41.7972
  • Longitude: -87.937

    Address

  • Full Address: 422 S Madison St
  • Address - House Number: 422
  • Street Direction: S
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hinsdale
  • Carrier Code: C060
  • 4-Digit Zip Code: 3966
  • Zip Code: 60521

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,135
  • Tax Rate Code Area: 9059

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 487,359
  • High Value: 563,965
  • Low Value: 410,753

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $375,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 21, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $375,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $311,820
  • Market Land Value: $194,040
  • Market Improvement Value: $117,780

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,940
  • Assessed Land Value: $64,680
  • Assessed Improvements Value: $39,260

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Transaction ID: 11844822205
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021-110019
  • Previous Sale Recording Date: Jun 02, 2017
  • Previous Sale Contract Date: May 17, 2017
  • Previous Sale Amount: $358,333
  • Previous Sale Document Type: Transfer on Death Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 21, 2021
  • First Mortgage Loan Amount: $375,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WINTRUST MORTGAGE
  • Previous Mortgage Transaction Date: Jun 02, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Hinsdale



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Frequently Asked Questions

What neighborhood is 422 South Madison Street located in?
The 422 South Madison Street is a located in the neighborhood of Downers Grove in Hinsdale, Hinsdale.
What is the average sales price for listings in 422 South Madison Street?
The average sales price for units in 422 South Madison Street is $0 currently.

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