Seller's Agent in 2022
Thomas Falloon
RE/MAX
(708) 525-6308
1 in this area
41 Total Sales
11500 W 123rd St Palos Park, IL 60464
Palos Park West NeighborhoodEstimated Value: $410,000 - $505,000
3
Beds
1
Bath
1,000
Sq Ft
$463/Sq Ft
Est. Value
Highlights
- Barn
- Stables
- Community Lake
- Palos West Elementary School Rated A
- Mature Trees
- Deck
About This Home
As of September 2022Unique property surrounded by high end homes. Zoned for up to 3 Horses on just under 3/4 of an acre in Palos Park. Imagine having your beautiful horse right in your own backyard and not having to trailer them anywhere to saddle up and hit the trails. Explore over 5000 acres of County Forest Preserve and miles of horse trails! For under 500k in Palos Park you get just under 3/4 acre, a cozy 3 bedrooms and 1 full bath home, a large 4 car heated garage with outside parking for another 10 cars and a 4 stall horse barn with hay loft and outdoor riding arena. (property zoned for 3 horses) In 2006 the house was rehabbed to include an A-Frame build out of the attic giving it an interior height of 12ft. (Ready to finish for immediate equity). This rehab also included a new roof, Log exterior, 200 amp service, Central air, High efficiency furnace, New copper plumbing throughout, Jacuzzi bath. 55 Gal High efficiency Water heater. GARAGE DETAILS: Heated with 12' & 8' high door clearance, 14 ft. ceiling (room for a car lift) new garage roof 2012, 220 amp service, natural gas heating. Mechanics dream space. BARN DETAILS: Recently installed floors and paint, 4 stall & Tack room. 400 Bale Storage in Hay loft, Hay elevator, heatable water hydrant in barn (city water), electric and lights. Outdoor Riding Arena House and Barn have City Water Yard has Well Water (New pump recently installed) House is connected to Village Sewer. This property is written into the Village Code as acceptable for 3 horses (proof available upon request). Lovely outdoor spaces - with soothing Koi pond, Lush landscaped yard with mature trees, beautifully maintained! 42 ft. parking pad for your motor home or horse trailer. A truly unique property with access off 123rd St or 123rd Place in wonderful Palos Park. Close to Shopping & transportation. Enjoy nature yet have convenient access to the city with a 30 minute drive to Chicago Loop or 5 minute drive to Metra train.
Last Agent to Sell the Property
RE/MAX 1st Service License #475168035 Listed on: 05/10/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,944
Year Built
- Built in 1954 | Remodeled in 2006
Lot Details
- 0.66 Acre Lot
- Lot Dimensions are 115x249x116x249
- Property is adjacent to nature preserve
- Kennel or Dog Run
- Fenced Yard
- Paved or Partially Paved Lot
- Mature Trees
Parking
- 4 Car Detached Garage
- Garage ceiling height seven feet or more
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Gravel Driveway
- Off-Street Parking
- Parking Included in Price
Home Design
- Log Cabin
- Block Foundation
- Tile Roof
- Box Stalls
- Cedar
Interior Spaces
- 1,000 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Crawl Space
- Carbon Monoxide Detectors
- Attic
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
- Whirlpool Bathtub
Laundry
- Laundry Room
- Laundry on main level
Outdoor Features
- Deck
- Patio
- Separate Outdoor Workshop
- Shed
- Outbuilding
Horse Facilities and Amenities
- Horses Allowed On Property
- Paddocks
- Stables
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 200+ Amp Service
- Lake Michigan Water
- TV Antenna
Additional Features
- Property is near a forest
- Barn
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Community Details
Overview
- Community Lake
Recreation
- Horse Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 8, 2004
Sold by
Miller Joyce E and Miller Joyce
Bought by
Miller Dennis
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
5.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 2004
Sold by
Imperial Crane Services Inc
Bought by
New Lenox State Bank and Trust #2403
Purchase Details
Closed on
Feb 22, 2002
Sold by
Peterson Scott K and Peterson Donald E
Bought by
Imperial Crane Services Inc
Purchase Details
Closed on
Apr 30, 1999
Sold by
Copack Margaret A and Copack Diane J
Bought by
Peterson Margaret P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,750
Interest Rate
7.5%
Purchase Details
Closed on
Jun 1, 1993
Sold by
Palos Bank & Trust Company
Bought by
First National Bank Of Cicero
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Miller Dennis | -- | First American Title Ins Co | |
| New Lenox State Bank | $240,000 | Chicago Title Insurance Comp | |
| Imperial Crane Services Inc | $209,000 | -- | |
| Peterson Margaret P | $169,000 | -- | |
| First National Bank Of Cicero | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Miller Dnnis | $139,435 | |
| Closed | Miller Dennis | $0 | |
| Closed | Miller Dennis | $25,000 | |
| Closed | Miller Dennis | $178,000 | |
| Previous Owner | Peterson Margaret P | $126,750 | |
| Previous Owner | Copack Margaret A | $5,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2022 09/14/22 | Sold | $450,000 | -4.3% | $450 / Sq Ft |
| 07/26/2022 07/26/22 | Pending | -- | -- | -- |
| 05/10/2022 05/10/22 | For Sale | $470,000 | -- | $470 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,327 | $38,000 | $9,287 | $28,713 |
| 2023 | $4,896 | $38,000 | $9,287 | $28,713 |
| 2022 | $4,896 | $22,423 | $7,858 | $14,565 |
| 2021 | $3,279 | $22,423 | $7,858 | $14,565 |
| 2020 | $2,944 | $22,423 | $7,858 | $14,565 |
| 2019 | $3,156 | $22,042 | $7,143 | $14,899 |
| 2018 | $3,068 | $22,042 | $7,143 | $14,899 |
| 2017 | $2,923 | $22,042 | $7,143 | $14,899 |
| 2016 | $3,925 | $19,967 | $5,715 | $14,252 |
| 2015 | $4,077 | $19,967 | $5,715 | $14,252 |
| 2014 | $3,577 | $19,967 | $5,715 | $14,252 |
| 2013 | $4,659 | $21,727 | $5,715 | $16,012 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Falloon
-
Helen Oliveri
Buyer's Agent in 2022
Helen Oliveri
Helen Oliveri Real Estate
(847) 967-0022
1 in this area
379 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11399482
APN: 23-30-405-002-0000
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