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508 Margaret Ave, Granite City, IL, 62040

$84,900

Home List Price

$1,008*

Closing Credit

2 Bedrooms
1 Full Bath
900 SqFt
$94/SqFt
House

Location

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508 Margaret Ave, Granite City$84,900

Buyer Closing Credits

$1,008*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingRear/Side Entry
Year Built1936
HeatingForced Air
CoolingElectric
FireplaceNone
MLS #24078868
Lot Size0.15 Acres
StatusActive

About 508 Margaret Ave

Ranch style home in Mitchell, many updates, great starter or down size home. Owner has installed newer shower enclosure and new toilet and new vanity. Then installed 6ft wooden privacy fence around back. Built in corner china cabinet, main level laundry/ electric dryer, 6x10 shed. Don't miss this one!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1936
  • Living Area: 900 SqFt

Listing Office:

  • Office Name: Century 21 Bailey & Company

Interior Features

Interior Information:

  • Appliances: Electric Oven, Refrigerator
  • Basement: No
  • Interior: Bookcases
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Rear/Side Entry

Lot Features

Lot Information:

  • Lot: Fencing
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Electric

Other

Directions Information:

  • Directions: hwy 203 ro Nameoki Rd to Lenox to Margaret

Price Information

Listing Price Info

Price Summary:

  • List Price: $84,900
  • Price Per SqFt: $94/SqFt

Tax Information:

  • Annual Amount: $213
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Granite City, IL.

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Granite City, IL

City

Med. Sold Price

$125.5K

Med. Price/SqFt

$96

Avg. Days On Market

42

# of Sold Homes

53

508 Margaret Ave vs Granite City

7 DAYS ON ROCKET

-35 Days

$84,900

-$40.6K Less

$94/SqFt

-$2 Less

KEY TAKEAWAY

This property is $40.6K less than the Median Sold Price and $2/SqFt less than other homes in Granite City, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MARIS
  • MLS Number: #24078868

Listing Office:

  • Office Name: Century 21 Bailey & Company

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

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.

IDX Based on information submitted to the MLS GRID. 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.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2025 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 9:23:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2005Home Sold
$44,000
Aug 30, 1999Home Sold
$44,000

Tax History

YEARPROP. TAXASSESSMENT
2020$213$8,950
2019$197$8,950
2018$197$8,390
2017$178$8,390

History based on county public records data.

Payment Calculator

$491

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-741794
4
/10

  • Mitchell Elementary School

  • 316 E Chain of Rocks Rd

  • 0.35 miles

  • Public District Grades KG-4

school-card-donut-741795
2
/10

  • Frohardt Elementary School

  • 2040 Johnson Rd

  • 3.38 miles

  • Public District Grades KG-4

school-card-donut-741796
6
/10

  • Hartford Elementary School

  • 110 W 2nd St

  • 4.60 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,983. The most common annual income of people living in Granite City, IL is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Margaret Ave

What is the listing price of this property?

The listing price of 508 Margaret Ave property is $84,900.

What type of property is this?

The property 508 Margaret Ave is a house located in Granite City, Illinois, 62040.

Is this property for sale now?

Active Listing: 508 Margaret Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $213 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 4, 2005 for $44,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 Margaret Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 508 Margaret Ave is 900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 Margaret Ave is 1936.

Rocket Homes›Illinois›Madison County›Granite City›62040›508 Margaret Ave

This home is located at 508 Margaret Ave in Granite City, IL and zip code 62040. This 900 square foot home, which was built in 1936, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $84,900.

While more than 14 listings in Granite City, IL in December 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 27 were sold below. Between November 2024 and December 2024, Granite City, IL real estate market has seen increase in the number of listings by 1.7%. In December 2024 median list price was $125,533 and the average listing age was 42 days.

From Rocket Homes Real Estate and based on county public records data.

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