NOT LISTED FOR SALE

Estimated Value: $169,000 - $185,081

1 Bed
1 Bath
900 Sq Ft
$345/mo HOA Fee

Last Sold May 05, 2021

Last sale price $115,500 $128 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,559/month

49 Days on Market

Highlights

  • Pond
  • Community Pool
  • Balcony
  • Edwin Aldrin Elementary School Rated A-
  • Tennis Courts
  • Intercom

About This Home

As of May 2021

Impeccable 3rd floor unit in Lakewood subdivision. This beautiful condo offers updated eat-in kitchen with maple cabinets, granite counter top, stainless appliances, pantry closet. Hardwood floors, Central A/C, newer bathroom with ceramic tiles and vanity, bedroom with huge walk-in closet. Living room with fireplace and sliding door to private balcony. Great convenient location with lots of parking. Coin laundry on 2nd floor, bike room, outdoor swimming pool. New roof in the building. Rentals to immediate family only. Taxes do not reflect homeowners exemption

Last Agent to Sell the Property

Kinga Korpacz

Exit Realty Redefined License #475141596 Listed on: 02/01/2021

Exit Realty Redefined

Last Buyer's Agent

Frances Hill

Ardain Real Estate Inc. License #475137421

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1978 | Remodeled in 2015

Lot Details

  • 30.34

HOA Fees

  • $345 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Shake Roof

Interior Spaces

  • 900 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laminate Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway
  • Visitor Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Pond
  • Balcony

Schools

  • Robert Frost Junior High School
  • Schaumburg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 12 Units
  • Mary Association, Phone Number (847) 490-0524
  • Lakewood Subdivision, Condo Floorplan
  • Property managed by Lakewood Condo Association

Amenities

  • Common Area
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,951

Year Built

Built in 1978 | Remodeled in 2015

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Lakewood
  • Year Built: 1978
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 3
  • Rehab Year: 2015
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2015

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Wood Laminate Floors
  • LivingArea: 900
  • Other Equipment: Intercom
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 120000
  • Lot Features: Common Grounds, Pond(s)
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 1
  • Parking Features: Assigned, Visitor Parking
  • ParkingTotal: 1
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 345
  • Association Amenities: Coin Laundry, On Site Manager/Engineer, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Lakewood Condo Association
  • Management Contact Name: mary
  • Management Phone: 847-490-0524
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Schaumburg High School
  • Middle/Junior School: Robert Frost Junior High School
  • Middle/Junior School District: 54

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2951
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
May 3, 2021
Sold by
Korpacz Kinga
Bought by
Edelman Leon A
Seller's Agent
Kinga Korpacz
Exit Realty Redefined
Buyer's Agent
Frances Hill
Ardain Real Estate Inc.
List Price
$120,000
Sold Price
$115,500
Premium/Discount to List
-$4,500
-3.75%
Current Estimated Value
$178,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,770
Avg. Annual Appreciation
10.17%
Original Mortgage
$105,769
Outstanding Balance
$95,703
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$82,567

Purchase Details

Listed on
Jul 31, 2018
Closed on
Nov 16, 2018
Sold by
Matusiewicz Iwona and Matusiewicz Krzystof
Bought by
Korpacz Kinga
Seller's Agent
Kinga Korpacz
Exit Realty Redefined
Buyer's Agent
Kinga Korpacz
Exit Realty Redefined
List Price
$115,000
Sold Price
$109,000
Premium/Discount to List
-$6,000
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%
Original Mortgage
$87,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2006
Sold by
Bobka Iwetta and Bobka Chlopecki Iwetta
Bought by
Drozd Iwona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2003
Sold by
Pearl Pampenalla Philip and Pearl Pampenalla
Bought by
Bobka Iwetta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,700
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 1994
Sold by
Wozniczka Teresa B and Osuch Teresa B
Bought by
Pampenella Philip and Pampenella Pearl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
8.62%
Source: Public Records

Range of Values:

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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
Edelman Leon A $115,500 Saturn Title Llc
Korpacz Kinga $109,000 Saturn Title Llc
Drozd Iwona $137,000 Alliance Title Company
Bobka Iwetta -- 1St American Title
Pampenella Philip $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edelman Leon A $105,769
Previous Owner Korpacz Kinga $87,000
Previous Owner Drozd Iwona $109,600
Previous Owner Bobka Iwetta $101,700
Previous Owner Pampenella Philip $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2021 05/05/21 Sold $115,500 -3.8% $128 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $120,000 +3.9% $133 / Sq Ft
02/11/2021 02/11/21 Off Market $115,500 -- --
02/01/2021 02/01/21 For Sale $120,000 +10.1% $133 / Sq Ft
11/16/2018 11/16/18 Sold $109,000 -5.2% $121 / Sq Ft View Prior Sale
10/02/2018 10/02/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $115,000 -- $128 / 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 $3,352 $11,968 $1,861 $10,107
2023 $3,251 $11,968 $1,861 $10,107
2022 $3,251 $11,968 $1,861 $10,107
2021 $2,982 $9,838 $1,262 $8,576
2020 $2,931 $9,838 $1,262 $8,576
2019 $2,951 $11,009 $1,262 $9,747
2018 $1,090 $7,067 $1,129 $5,938
2017 $1,090 $7,067 $1,129 $5,938
2016 $1,262 $7,067 $1,129 $5,938
2015 $1,241 $6,770 $996 $5,774
2014 $1,243 $6,770 $996 $5,774
2013 $1,194 $6,770 $996 $5,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10983958

Midwest Real Estate Data (MRED)

APN: 07-27-102-020-1476