NOT LISTED FOR SALE

Estimated Value: $66,000 - $174,823

2 Beds
1 Bath
672 Sq Ft
$151/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $60,000 $89 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $613/month

134 Days on Market

About This Home

As of December 2023

Situated in the sought after Morgan Park community just minutes from I-57 you will find this quaint, charming ranch style home which is turn key ready for a passive income rental or can be a great home to move into and build equity over time. The property offers a good layout with a large open living room, formal dining room and two spacious bedrooms. Nice fenced yard, close to park location. This home has great upside and should not be a house you pass on and will not last long in this short inventory market.

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 06/06/2023

RE/MAX Premier

Last Buyer's Agent

Earick Rayburn

Rayburn Realty Group INC License #471014672

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,492

Year Built

  • Built in 1924

Lot Details

  • 3,123 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Shoop Math-Sci Tech Elementary S
  • Morgan Park High School

Utilities

  • No Cooling
  • No Heating
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,492

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1924
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 74900
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: None
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Shoop Math-Sci Tech Elementary S
  • High School: Morgan Park High School
  • Middle/Junior School: Shoop Math-Sci Tech Elementary S
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.0717
  • Lot Dimensions: 3125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1492.43
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Nov 8, 2023
Sold by
Rcf 2 Acquisition Trust
Bought by
Good Homes Unlimited Inc
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Earick Rayburn
Rayburn Realty Group INC
List Price
$89,900
Sold Price
$60,000
Premium/Discount to List
-$29,900
-33.26%
Views
153
Current Estimated Value
$103,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,906
Avg. Annual Appreciation
36.70%
Original Mortgage
$135,952
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2023
Sold by
Judicial Sales Corporation
Bought by
Rcf 2 Acquisition Trust

Purchase Details

Closed on
Jun 2, 2007
Sold by
Davis Francine
Bought by
Heard Henry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.26%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 7, 2002
Sold by
Davis Francine
Bought by
Davis Francine
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 Buyer Sale Price Title Company
Good Homes Unlimited Inc $60,000 None Listed On Document
Rcf 2 Acquisition Trust -- None Listed On Document
Heard Henry A -- None Available
Davis Francine -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Good Homes Unlimited Inc $150,000
Closed Good Homes Unlimited Inc $135,952
Previous Owner Heard Henry A $35,000
Previous Owner Heard Henry A $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $60,000 -19.9% $89 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
09/19/2023 09/19/23 Price Changed $74,900 -16.7% $111 / Sq Ft
06/06/2023 06/06/23 For Sale $89,900 -- $134 / 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 $529 $5,400 $1,875 $3,525
2023 $516 $2,500 $1,465 $1,035
2022 $516 $2,500 $1,465 $1,035
2021 $504 $2,500 $1,465 $1,035
2020 $1,492 $6,683 $2,031 $4,652
2019 $1,479 $7,344 $2,031 $5,313
2018 $1,454 $7,344 $2,031 $5,313
2017 $1,529 $7,088 $1,875 $5,213
2016 $1,423 $7,088 $1,875 $5,213
2015 $1,302 $7,088 $1,875 $5,213
2014 $1,228 $6,600 $1,718 $4,882
2013 $1,203 $6,600 $1,718 $4,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11801308

Midwest Real Estate Data (MRED)

APN: 25-20-124-017-0000