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8733 West Madison Drive

8733 West Madison Drive, Niles, IL 60714
Property in Niles
Sold Jul 26, 2016
$564,000
$90,375 by Quorum Federal Cu
Mortgage
Sold Dec 08, 1999
$360,000
$288,000 by Hartford Financial Services In
Mortgage Due Jan 01, 2030
Local assessors in Niles, IL have categorized 8733 West Madison Drive as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 7,607 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8733 West Madison Drive has a total of 2,494 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8733 West Madison Drive was last sold in Jun 29, 2016 for $564,000. According to our calculations, that's $226.14 per sqft. Prior to that sales transaction, the property was sold for $360,000 in Nov 22, 1999. Current property owners are expected to pay $13,027 in taxes per year. The property on 8733 West Madison Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $53,000. To break that down further, the land itself was valued at $9,889. While improvements to the property were assessed at a total of $43,111. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,607
  • Total Building Area: 2,494
  • Gross Building Area: 2,494
  • Building Area: 2,494
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,494
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CALLERO & CATINOS RANSOM RIDGE UNIT2
  • Land Acres: 0.175
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CALLERO) & (CATINOS) (RANSOM) RIDGE (UNIT2) SUB OF N W SW SEC 23-41-12

Ownership

  • Current Owner : MURPHY DAVID T
  • Current Owner 2: MURPHY BRIDGET
  • Previous Owner : HARRIS ALAN M
  • Previous Owner 2: HARRIS KIMBERLY M
  • Owner Before Previous Owner: WETHEKAM EDWIN J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805902

Geography

  • District: 22
  • Parcel: 09-23-331-024-0000
  • Lot: 64
  • Meridian: SEC 23 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0296
  • Longitude: -87.8444

    Address

  • Full Address: 8733 W Madison Dr
  • Legal Unit: 2
  • Address - House Number: 8733
  • Street Direction: W
  • Address - Street Name: Madison
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Niles
  • Carrier Code: C012
  • 4-Digit Zip Code: 2323
  • Zip Code: 60714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,027
  • Tax Rate Code Area: 22023

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 653,505
  • High Value: 801,574
  • Low Value: 505,437

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,375
  • First Open Lien Mortgage Lender: QUORUM FEDERAL CU
  • First Open Lien Mortgage Recording Date: Jul 26, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $90,375
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $530,000
  • Market Land Value: $98,890
  • Market Improvement Value: $431,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $9,889
  • Assessed Improvements Value: $43,111

    Sales

  • Current Sale Contract Date: Jun 29, 2016
  • Current Sale Recording Date: Jul 26, 2016
  • Current Sale Transaction ID: 1677974197
  • Current Sale Price: $564,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1620818084
  • Previous Sale Recording Date: Dec 08, 1999
  • Previous Sale Contract Date: Nov 22, 1999
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DIRECT MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 26, 2016
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: HARTFORD FINANCIAL SERVICES IN
  • Previous Mortgage Transaction Date: Dec 08, 1999
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $288,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jan 01, 2030

About Niles



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Frequently Asked Questions

What neighborhood is 8733 West Madison Drive located in?
The 8733 West Madison Drive is a located in the neighborhood of Niles in Niles, Niles.
What is the average sales price for listings in 8733 West Madison Drive?
The average sales price for units in 8733 West Madison Drive is $0 currently.

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