NOT LISTED FOR SALE

12697 Southwest Hwy Palos Park, IL 60464

Estimated Value: $1,044,000 - $1,427,000

5 Beds
5.5 Baths
8,566 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $955,000 $111 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,631/month

Highlights

  • Sauna
  • Open Floorplan
  • Deck
  • Palos East Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Vaulted Ceiling

About This Home

As of February 2023

ESTATE LIFESTYLE showcasing Grandiose architectural features starting from the landscaping, leading to entry and throughout the home. Upon entry you will be greeted by a custom winding staircase that leads up through the sky of vaulted ceilings which are present throughout the entirety of the home. Custom marble and Brazilian Cherry HW flooring guide you to the expansive entertaining parlor featuring a wood burning ornate hand chiseled marble hearth, custom bar and complete walk out patio for entertainment. Please explore the home via foot or elevator! Head upstairs and you will be greeted by 4 generous bedrooms with ensuite baths, master bedroom option with ensuite bath on main and more space to come. Head toward the elevator and I will meet you in the basement with a home theatre system, heated marble floors, commercial sized bar and more. Schedule with confidence, rent with excitement! Short term leases are considered: perfect for a relocation!

Last Agent to Rent the Property

Diana Bzdyk

Compass License #475142827 Listed on: 09/09/2022

Compass

Last Renter's Agent

Elias Masud

Compass License #475163294

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,319

Year Built

  • Built in 2007

Lot Details

  • 1.02

Parking

  • 3 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick or Stone Mason
  • Asphalt Roof

Interior Spaces

  • 8,566 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Wet Bar
  • Bookcases
  • Bar Fridge
  • Coffered Ceiling
  • Vaulted Ceiling
  • Double Sided Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room
  • Formal Dining Room
  • Home Office
  • Sauna
  • Home Gym
  • Storm Screens

Kitchen

  • Built-In Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Outdoor Grill

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 11/1/22
  • Rent includes parking

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,319

Year Built

Built in 2007

Lot Details

0

Parking

3

Rental Info

  • Available Date: 2022-11-01
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Detached
  • Rental Price: 8500
  • Is Parking Included in Price: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Detached: 2 Stories
  • Property Sub-Type: Detached
  • Year Built: 2007
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Bar Fridge, Washer, Dryer, Stainless Steel Appliance(s), Range Hood, Gas Cooktop, Wall Oven
  • Basement: Full
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Double Sided
  • Fireplaces: 4
  • Furnished: No
  • Interior Amenities: Vaulted/Cathedral Ceilings, Sauna/Steam Room, Bar-Wet, Elevator, Hardwood Floors, First Floor Bedroom, In-Law Arrangement, Second Floor Laundry, First Floor Full Bath, Bookcases, Coffered Ceiling(s), Open Floorplan, Some Carpeting, Some Window Treatmnt, Some Wood Floors, Drapes/Blinds, Granite Counters
  • LivingArea: 8566
  • Room Type: Bedroom 5, Office, Mud Room, Exercise Room, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Steam Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Master Bedroom,Basement,Other
  • Total Sq Ft: 0
  • Bathroom: Full,Whirlpool & Sep Shwr
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Outdoor Grill
  • List Price: 8500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Type: Island

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • Rent Includes: Parking

Schools

  • Middle/Junior School District: 118

Lot Info

  • Lot Dimensions: 44431.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2022
Sold by
665 Carpenter Llc
Bought by
12697 Sw Highway Llc
Current Estimated Value
$1,227,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Outstanding Balance
$250,071
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$977,235

Purchase Details

Closed on
Feb 23, 2022
Sold by
665 Carpenter Llc
Bought by
12697 Sw Highway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Outstanding Balance
$250,071
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$977,235

Purchase Details

Listed on
Oct 16, 2021
Closed on
Feb 9, 2022
Sold by
665 Carpenter Llc
Bought by
12697 Sw Highway Llc
Seller's Agent
Diana Bzdyk
Compass
Buyer's Agent
Aleksandra Rajska
Compass
Sold Price
$8,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Outstanding Balance
$250,071
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$977,235

Purchase Details

Listed on
Oct 16, 2021
Closed on
Jan 24, 2022
Sold by
Barakat Dema
Bought by
665 Carpenter Llc
Seller's Agent
Diana Bzdyk
Compass
Buyer's Agent
Aleksandra Rajska
Compass
Sold Price
$8,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Outstanding Balance
$250,071
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$977,235

Purchase Details

Listed on
Aug 3, 2021
Closed on
Oct 8, 2021
Sold by
Barakat Dema
Bought by
665 Carpenter Llc
Seller's Agent
Alexandra Shaban
Jameson Sotheby's Intl Realty
Buyer's Agent
Diana Bzdyk
Compass
List Price
$999,000
Sold Price
$955,000
Premium/Discount to List
-$44,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$665,000
Interest Rate
9.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 7, 2008
Sold by
Foster Thomas E
Bought by
Barakat Dema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 12, 2007
Sold by
Barakat Dema E and Khairkhah Danoush
Bought by
Foster Thomas E and Carrington Builders

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,166,598
Interest Rate
8.25%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 27, 2005
Sold by
Wieneke Philip E and Wieneke Valore S
Bought by
Khairkhah Danoush and Barakat Dema E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 23, 2005
Sold by
Wieneke Philip E and Wieneke Valore
Bought by
Wieneke Philip E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving
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
12697 Sw Highway Llc -- --
12697 Sw Highway Llc -- --
12697 Sw Highway Llc -- --
12697 Sw Highway Llc -- --
665 Carpenter Llc -- --
665 Carpenter Llc -- --
665 Carpenter Llc -- --
Barakat Dema -- Multiple
Foster Thomas E -- Lawyers
Khairkhah Danoush $240,000 Attorneys Title Guaranty Fun
Wieneke Philip E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 12697 Sw Highway Llc $1,330,000
Closed 12697 Sw Highway Llc $665,000
Previous Owner 665 Carpenter Llc $665,000
Previous Owner Barakat Dema $1,178,000
Previous Owner Barakat Dema $1,200,000
Previous Owner Barakat Dema $1,250,000
Previous Owner Foster Thomas E $1,166,598
Previous Owner Khairkhah Danoush $144,000
Previous Owner Wieneke Philip E $206,250
Previous Owner Wieneke Philip E $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Rented $8,500 0.0% --
10/20/2022 10/20/22 Price Changed $8,500 -5.6% $1 / Sq Ft
09/09/2022 09/09/22 For Rent $9,000 -9.8% --
12/14/2021 12/14/21 Rented -- -- --
10/16/2021 10/16/21 For Rent $9,980 0.0% --
10/13/2021 10/13/21 Sold $955,000 -4.4% $111 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $999,000 0.0% $117 / Sq Ft
11/17/2020 11/17/20 Rented $7,000 0.0% --
10/29/2020 10/29/20 For Rent $7,000 0.0% --
10/29/2020 10/29/20 Price Changed $7,000 +16.7% $1 / Sq Ft
10/13/2020 10/13/20 Off Market $6,000 -- --
09/10/2020 09/10/20 For Rent $6,000 -- --
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 $23,319 $95,000 $16,698 $78,302
2023 $25,101 $95,000 $16,698 $78,302
2022 $25,101 $83,402 $14,472 $68,930
2021 $22,345 $83,401 $14,471 $68,930
2020 $21,597 $83,401 $14,471 $68,930
2019 $22,376 $89,214 $13,358 $75,856
2018 $21,713 $89,214 $13,358 $75,856
2017 $23,900 $100,730 $13,358 $87,372
2016 $21,194 $82,025 $11,132 $70,893
2015 $20,926 $82,025 $11,132 $70,893
2014 $20,699 $82,025 $11,132 $70,893
2013 $20,118 $86,975 $8,905 $78,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11625540

Midwest Real Estate Data (MRED)

APN: 23-27-417-021-0000