$180,000
SOLD DEC 31, 2013

1130 Palmer Place Waukegan, IL 60085

6 Beds
2 Baths
2,328 Sq Ft
0.29 Acres

Recently Sold

$77 Per Sq Ft

3% Above List Price

0 Day on Market

Highlights

  • Rooftop Deck
  • Two Heating Systems
  • Ceiling Fan
  • 2 Car Attached Garage

About This Home

As of December 2013

All the character of the 1930's has been maintained in this spectacular northside 2 flat. Each unit has tall windows, large rooms, living room w/ FP, eat in kitchen & sep dining room, 3 BR's and 1 BA. Hardwood floors t/o. Full basement for storage & laundry facilities, coin op W/D incl. Beautiful double lot w/ mature trees Buy as investment or live in one & rent other for add'l income. Upper unit has A/C & deck.

Last Agent to Sell the Property

Wendy Grubbs

Better Homes and Gardens Real Estate Star Homes Listed on: 11/11/2013

Last Buyer's Agent

Marty Golden

HomeSmart Connect LLC License #471003122

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 1935

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Two Heating Systems
  • Radiator
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Rooftop Deck
  • Lot Dimensions are 145x141

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,517

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1935
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Fireplace-Wood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Fireplace-Wood,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Roof Deck
  • List Price: 180000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s), Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 145X141
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6517
  • Tax Year: 2012
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2013
Closed on
Dec 19, 2013
Sold by
Patch Daniel R and Patch Michelle R
Bought by
Jones David E and Jones Leslie S
Seller's Agent
Wendy Grubbs
Better Homes and Gardens Real Estate Star Homes
Buyer's Agent
Marty Golden
HomeSmart Connect LLC
List Price
$175,000
Sold Price
$180,000
Premium/Discount to List
$5,000
2.86%
Current Estimated Value
$274,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,414
Avg. Annual Appreciation
2.88%
Original Mortgage
$172,550
Outstanding Balance
$52,330
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$198,891

Purchase Details

Closed on
Feb 21, 2003
Sold by
Patch Daniel R and Patch Michelle R
Bought by
Patch Daniel R and Patch Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,734
Interest Rate
5.71%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 1999
Sold by
Delphenis Raymond C
Bought by
Patch Daniel R and Patch Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,645
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1997
Sold by
Durkin Lois J
Bought by
Durkin Lois J and Lois J Durkin Declaration Of Trust

Purchase Details

Closed on
Jun 30, 1997
Sold by
Sedej Anne E
Bought by
Durkin Lois J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 None Available
Interfamily Deed Transfer -- --
Deed $170,000 --
Interfamily Deed Transfer -- --
Warranty Deed $92,666 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $172,550 Commercial
Previous Owner $186,734 FHA
Previous Owner $165,645 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2018 03/28/18 Rented $1,350 0.0% --
01/12/2018 01/12/18 For Rent $1,350 +12.5% --
07/28/2017 07/28/17 Rented $1,200 -4.0% --
06/08/2017 06/08/17 For Rent $1,250 0.0% --
12/31/2013 12/31/13 Sold $180,000 0.0% $77 / Sq Ft
11/11/2013 11/11/13 Price Changed $180,000 +2.9% $77 / Sq Ft
11/11/2013 11/11/13 Pending -- -- --
11/11/2013 11/11/13 For Sale $175,000 -- $75 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,330 $74,523 $12,199 $62,324
2023 $7,747 $67,130 $10,922 $56,208
2022 $7,747 $79,240 $14,118 $65,122
2021 $7,098 $68,080 $12,592 $55,488
2020 $7,190 $63,425 $11,731 $51,694
2019 $7,236 $58,119 $10,750 $47,369
2018 $7,501 $58,016 $13,695 $44,321
2017 $7,301 $51,328 $12,116 $39,212
2016 $6,892 $44,602 $10,528 $34,074
2015 $5,730 $39,920 $9,423 $30,497
2014 $5,081 $35,572 $9,128 $26,444
2012 $6,517 $38,539 $9,889 $28,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08485499

Midwest Real Estate Data (MRED)

APN: 08-16-403-043