NOT LISTED FOR SALE

1348 E 7th St Lockport, IL 60441

Estimated Value: $306,000 - $377,574

3 Beds
1 Bath
1,500 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $129,879 $87 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $2,182/month

45 Days on Market

Highlights

  • Detached Garage
  • Milne Grove Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2016

1960 Ranch offers 3 bed, 1 bath, with approximately 1500 square feet of living space plus a full basement, and a detached garage. The home sits on a large 0.83 acre lot with mature trees. Inside the home has wood flooring, floor to ceiling stone fireplace, wall of windows, and comfortably sized bedrooms. The unfinished basement has the potential to be a second living area or rec room. The eat in galley style kitchen has a tile backsplash, ample storage, and good prep space. Come take a look before it's gone!

Last Agent to Sell the Property

Paul Rakowski

Owners.com Listed on: 08/01/2016

Last Buyer's Agent

Renee Saban

Coldwell Banker Real Estate Group License #475125389

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,445

Year Built

  • 1960

Lot Details

  • 0.83

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Stone Siding

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,445

Year Built

1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Type Detached: 1 Story
  • Estimated Year Built: 1960
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 12X12, On Level: Main Level
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 11X11, On Level: Main Level
  • Kitchen Type: Dimensions: 10X10, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X12, On Level: Main Level
  • Bedroom 2: Dimensions: 10X10, On Level: Main Level
  • Bedroom 3: Dimensions: 9X10, On Level: Main Level
  • Estimated Sq Ft: 1500

Exterior Features

  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Stone
  • Acreage: 0.83

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 205
  • Junior High Dist: 91

Lot Info

  • Lot Dimensions: 36155
  • Parcel Identification Number: 1104242010070000

Tax Info

  • Taxes: 3326.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2016
Closed on
Oct 14, 2016
Sold by
Deutsche Bank Trust Company Americas
Bought by
Sabans Properties Llc
Seller's Agent
Paul Rakowski
Owners.com
Buyer's Agent
Renee Saban
Coldwell Banker Real Estate Group
List Price
$163,700
Sold Price
$129,879
Premium/Discount to List
-$33,821
-20.66%
Current Estimated Value
$345,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,265
Avg. Annual Appreciation
11.51%

Purchase Details

Closed on
Jun 6, 2016
Sold by
Ricchiuto Michael J and Ricchiuto Patricia M
Bought by
Deutsche Banktrust Company Amercicas

Purchase Details

Closed on
Jun 25, 2008
Sold by
Ricchiuto Michael and Ricchiuto Patricia
Bought by
City Of Lockport

Purchase Details

Closed on
Jul 30, 2003
Sold by
Wentz William M and Wentz Donna A
Bought by
Ricchiuto Michael J and Ricchiuto Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
6.18%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 1, 1994
Sold by
Wentz William M
Bought by
Wentz William M and Wentz Donna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
8.08%
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
Sabans Properties Llc $129,879 Attorney
Deutsche Banktrust Company Amercicas $153,120 Attorney
City Of Lockport -- None Available
Ricchiuto Michael J $253,000 Multiple
Wentz William M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ricchiuto Michael J $202,000
Previous Owner Wentz William M $111,300
Closed Ricchiuto Michael J $25,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2016 10/20/16 Sold $129,879 -6.8% $87 / Sq Ft
09/16/2016 09/16/16 Price Changed $139,400 +7.3% $93 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
08/01/2016 08/01/16 Off Market $129,879 -- --
08/01/2016 08/01/16 For Sale $163,700 -- $109 / 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 $10,445 $121,662 $34,832 $86,830
2023 $10,445 $109,221 $31,270 $77,951
2022 $9,567 $103,921 $29,753 $74,168
2021 $9,103 $97,661 $27,961 $69,700
2020 $8,891 $94,450 $27,042 $67,408
2019 $8,478 $89,526 $25,632 $63,894
2018 $8,351 $86,083 $24,646 $61,437
2017 $8,076 $81,264 $23,266 $57,998
2016 $7,152 $76,161 $21,805 $54,356
2015 $6,702 $70,355 $20,143 $50,212
2014 $6,702 $67,005 $19,184 $47,821
2013 $6,702 $68,373 $19,576 $48,797
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paul Rakowski

    Owners.com

  • R

    Buyer's Agent in 2016

    Renee Saban

    Coldwell Banker Real Estate Group

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09302975

Midwest Real Estate Data (MRED)

APN: 11-04-24-201-007

Illinois Will County Lockport 60441

1348 E 7th St, Lockport, IL

This home is located at 1348 E 7th St, Lockport, IL 60441 since 01 August 2016 and is currently estimated at $345,144, approximately $230 per square foot. This property was built in 1960. 1348 E 7th St is a home located in Will County with nearby schools including Milne Grove Elementary School, Kelvin Grove Jr High School, and Lockport Township High School East.

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