2848 Madison Avenue

Local assessors in Granite City, IL have categorized 2848 Madison Avenue as a office type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 4,800 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 400 ft.

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. Moving onto specific details regarding the building. Our sources show that the building condition is average. The property was last sold in Nov 17, 2004 for $37,000. That's $23.18 per sqft. 2848 Madison Avenue was last assessed in 2022. The total value of the property was assessed at $27,220. Specifically, the land the property is located on was valued at $7,700. While improvements on the property were assessed at a total of $19,520. 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 $2,723. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.