When was property at 8414 West Madison Drive built and last sold?

The property at 8414 West Madison Drive was built in 1961 and last sold on May 9, 2002 for $289,000.

How much is this home worth?

The estimated value of the home located at 8414 West Madison Drive is $0.

What are some comparable homes to 8414 West Madison Drive?

There are currently no comparable homes to 8414 West Madison Drive.

Niles

60714

Niles

8414 W MADISON Drive

$507,000

● House - Off Market

8414 W MADISON Drive

Niles, IL 60714

3 Beds

2 Baths

$3,261

Est. Monthly

5.07%

Cap Rate

About This Property

Welcome to this beautifully rehabbed 3-bedroom, 2-bathroom bi-level home, located on a quiet residential street. This property boasts a stunning kitchen with all new stainless-steel appliances. So much invested in the past 5 years, the home features a newer roof with skylights, a fully remodeled bathroom with new plumbing on the second floor, and new hardwood floors on the first floor, with refinished hardwood on the second floor. The fully remodeled basement remains brand new and never used. The entire house has been repainted with high-end paint. Additional highlights include a custom 3-car garage, a new main water service line going to the street, and new landscaping in the front of the house. Enjoy a surround sound system in both the living room and basement, with built-in speakers in the walls and ceilings, and a subwoofer option on both floors. The roof is only 3-4 years old. This home is in a great location with award-winning Park Ridge schools. Walking distance to the park and Emerson Junior High and just a few minutes from the Metra, stores, mall, and highways.

Unit Size

Days on Market

Land Size

0.14 acres

Price per sqft

Property Type

House

Property Taxes

$687

HOA Dues

Year Built

1961

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12179684)

Price History

Date / Event	Date	Event
Jan 23, 2025	Sold	Premium
Sold
Dec 24, 2024	In contract	-
In contract
Oct 4, 2024	Temporarily off market	-
Temporarily off market
Oct 3, 2024	Listed by Coldwell Banker Realty	$524,000
Listed by Coldwell Banker Realty
Sep 13, 2024	Temporarily off market	-
Temporarily off market
Sep 12, 2024	Listed by Coldwell Banker Realty	$549,000
Listed by Coldwell Banker Realty

	Welcome to this beautifully rehabbed 3-bedroom, 2-bathroom bi-level home, located on a quiet residential street. This property boasts a stunning kitchen with all new stainless-steel appliances. So much invested in the past 5 years, the home features a newer roof with skylights, a fully remodeled bathroom with new plumbing on the second floor, and new hardwood floors on the first floor, with refinished hardwood on the second floor. The fully remodeled basement remains brand new and never used. The entire house has been repainted with high-end paint. Additional highlights include a custom 3-car garage, a new main water service line going to the street, and new landscaping in the front of the house. Enjoy a surround sound system in both the living room and basement, with built-in speakers in the walls and ceilings, and a subwoofer option on both floors. The roof is only 3-4 years old. This home is in a great location with award-winning Park Ridge schools. Walking distance to the park and Emerson Junior High and just a few minutes from the Metra, stores, mall, and highways.
Aug 15, 2024	Listed by Coldwell Banker Realty	$575,000
Listed by Coldwell Banker Realty

	Welcome to this beautifully rehabbed 3-bedroom, 2-bathroom bi-level home, located on a quiet residential street. This property boasts a stunning kitchen with all new stainless-steel appliances. With approximately $100,000 invested in the past 5 years, the home features a newer roof with skylights, a fully remodeled bathroom with new plumbing on the second floor, and new hardwood floors on the first floor, with refinished hardwood on the second floor. The fully remodeled basement remains brand new and never used. The entire house has been repainted with high-end paint. Additional highlights include a custom 3-car garage, a new main water service line going to the street (a $15k investment), and new landscaping in the front of the house. Enjoy a surround sound system in both the living room and basement, with built-in speakers in the walls and ceilings, and a subwoofer option on both floors. The roof is only 3-4 years old. This home is in a great location with award-winning Park Ridge schools. Walking distance to the park and Emerson Junior High and just a few minutes from the Metra, stores, mall, and highways.

Property Highlights

Building Info

Overview

General

Year Built: 1961

Effective Year Built: 1961
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 6
Building Style: 41
Exterior Walls Type: 24
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 15
Living Units: 1
Floor Cover: 0
Basement Type: 3
Basement Area: 0
Garage Type: 4
Parking Space Count: 3
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,250

Total Building Area: 1,095
Gross Building Area: 1,095
Building Area: 1,095
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,095
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: GREENWOOD ESTATE
Land Acres: 0000000144
Standard Land Use Code: 1001
County Land Use Code: 2-34
Legal Description 1: (GREENWOOD)(ESTATE) SUB IN EH SW SEC 23-41-12

Neighborhood

School District Name: Park Ridge Consolidated Community School District 64

Census Tract: 805902

Geography

District: 22

Parcel: 09-23-323-044-0000
Lot: 154
Meridian: SEC 23 TWN 41N RNG 12E
Municipality: MAINE
Latitude: 42.0303
Longitude: -87.8364

Address

Full Address: 8414 W Madison Dr

Address - House Number: 8414
Street Direction: W
Address - Street Name: Madison
Address - Suffix Type: Dr
State: IL
City Name: Niles
Carrier Code: C013
4-Digit Zip Code: 2318
Zip Code: 60714

Valuation

Tax

Tax Year: 2022

Tax Amount: $855,230
Tax Rate Code Area: 22023

Appraisal Valuation

Standard Deviation: 0.2265

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 471,618
High Value: 578,475
Low Value: 364,761

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $359,690

Market Land Value: $68,750
Market Improvement Value: $290,940

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $35,969
Assessed Land Value: $6,875
Assessed Improvements Value: $29,094

Sales

Current Sale Contract Date: May 09, 2002

Current Sale Recording Date: May 12, 2003
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 0313227068

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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First Mortgage Loan Type:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Niles

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

Average Home Size

1515 ft²

Average Home Age

49.2 years

Currently For Sale

44 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$3,100 /mo

1 Bed
2 Baths
1,328 ft²

120 N Northwest Highway #405, Park Ridge, IL, 60068 Listing by Lisa Lucas

Unit for rent at 2600 Windsor Mall, Park Ridge, IL, 60068

$2,875 /mo

2 Beds
2 Baths
1,320 ft²

2600 Windsor Mall #2E, Park Ridge, IL, 60068 Listing by Joseph Quartana

Unit for rent at 9349 Fern Lane, Des Plaines, IL, 60016

$2,800 /mo

4 Beds
2 Baths
2,040 ft²

9349 Fern Lane, Des Plaines, IL, 60016 Listing by Ashraf Memon

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Marla Schneider, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12179684

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

8414 W MADISON Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Niles

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions