NOT LISTED FOR SALE

12555 Rail Ln Palos Park, IL 60464

Palos Park West Neighborhood

Estimated Value: $579,000 - $717,000

3 Beds
3 Baths
2,242 Sq Ft
$293/Sq Ft Est. Value

Last Sold September 02, 2014

Last sale price $370,000 $165 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,626/month

92 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Ranch Style House
  • Palos West Elementary School Rated A
  • Vaulted Ceiling
  • Whirlpool Bathtub

About This Home

As of September 2014

This family-right 3 bedroom ranch on an acre+site boasts a free flowing open floor plan. Sought after features are all in place with a huge great room, updated kitchen w/sliding doors to a huge deck and spacious master opening to private patio. Three full baths, 3 car attached garage and new roof add to the appeal. All this in a quiet location where nature calls,with towering trees and beautiful gardens.

Last Agent to Sell the Property

Chris Pequet

Jameson Sotheby's International Realty License #475096854 Listed on: 03/14/2014

Jameson Sotheby's International Realty

Co-Listed By

Suzanne Downey

@properties Christie's International Real Estate License #475139961

Last Buyer's Agent

Valentina Hatzelis

RE/MAX 10 License #471004666

RE/MAX 10

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,500

Year Built

  • 1971

Lot Details

  • Wooded Lot

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Dining Area

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Brick Porch or Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,500

Year Built

1971

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Recent Rehab: Yes
  • Age: 41-50 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1971

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), 1st Floor Laundry
  • Number Of Rooms: 6
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Equipment: Central Vacuum, Ceiling Fan, Sprinkler-Lawn
  • Fireplace Details: Wood Burning
  • Attic: Unfinished
  • Fireplace Location: Family Room
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 15X6, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 15X10, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: Eating Area
  • Master Bedroom: Dimensions: 20X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Eating Area, Dimensions: 15X9, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 2: Dimensions: 15X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 17X11, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 2242
  • Family Room: Dimensions: 25X21, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Foundation: Concrete
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick, Cedar
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Deck, Brick Paver Patio
  • Acreage: 1.32

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 230
  • Elementary School: PALOS WEST ELEMENTARY SCHOOL
  • Middle School: PALOS SOUTH MIDDLE SCHOOL
  • High School: AMOS ALONZO STAGG HIGH SCHOOL
  • Junior High Dist: 118

Lot Info

  • Lot Dimensions: 227 X 267 X 241 X 186
  • Lot Description: Wooded
  • Parcel Identification Number: 23293020240000

Tax Info

  • Taxes: 8817.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2015
Sold by
Meade James
Bought by
The Meade Family Revocable Living Trust
Current Estimated Value
$657,840

Purchase Details

Listed on
Mar 14, 2014
Closed on
Aug 27, 2014
Sold by
The Chicago Trust Company Na
Bought by
Meade James
Seller's Agent
Chris Pequet
Jameson Sotheby's International Realty
Buyer's Agent
Valentina Hatzelis
RE/MAX 10
List Price
$395,000
Sold Price
$370,000
Premium/Discount to List
-$25,000
-6.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$296,000
Outstanding Balance
$229,582
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$428,258
Source: Public Records

Range of Values:

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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
The Meade Family Revocable Living Trust -- Attorney
Meade James $370,000 Git
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meade James $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2014 09/02/14 Sold $370,000 -6.3% $165 / Sq Ft
06/14/2014 06/14/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $395,000 -- $176 / 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 $13,500 $55,000 $19,280 $35,720
2023 $11,749 $55,000 $19,280 $35,720
2022 $11,749 $39,039 $16,314 $22,725
2021 $10,895 $39,039 $16,314 $22,725
2020 $10,500 $39,039 $16,314 $22,725
2019 $10,612 $40,685 $14,831 $25,854
2018 $10,299 $40,685 $14,831 $25,854
2017 $9,988 $40,685 $14,831 $25,854
2016 $9,343 $35,057 $11,864 $23,193
Source: Public Records

Agents Affiliated with this Home

  • Chris Pequet

    Seller's Agent in 2014

    Chris Pequet

    Jameson Sotheby's International Realty

    (630) 327-5175

    98 Total Sales

    Chris Pequet
    Section Image
  • Suzanne Downey

    Seller Co-Listing Agent in 2014

    Suzanne Downey

    @ Properties

    (630) 887-6700

    19 Total Sales

    Suzanne Downey
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08558179

Midwest Real Estate Data (MRED)

APN: 23-29-302-057-0000

Illinois Cook County Palos Park 60464 Palos Park West

12555 Rail Ln, Palos Park, IL

This home is located at 12555 Rail Ln, Palos Park, IL 60464 since 14 March 2014 and is currently estimated at $657,840, approximately $293 per square foot. This property was built in 1971. 12555 Rail Ln is a home located in Cook County with nearby schools including Palos West Elementary School, Palos South Middle School, and Amos Alonzo Stagg High School.

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