NOT LISTED FOR SALE

1408 N Lorel Ave Chicago, IL 60651

Austin Neighborhood

Estimated Value: $261,000 - $285,000

2 Beds
2 Baths
960 Sq Ft
$281/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $220,000 $229 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,671/month

5 Days on Market

About This Home

As of September 2021

multiple offers received, highest and best by Sunday at 12 pm. Awesome Austin opportunity! Single-family 2 bedrooms, 1.1 bath home. separate dining room and beautiful bamboo hardwood floors throughout. partially finished basement and large yard with a parking lot out back that can fit 2 cars. property sold as-is this is a great investment. parks and pools, shopping and restaurants.

Last Agent to Sell the Property

Michelle Cruz

Su Familia Real Estate Inc License #475146912 Listed on: 07/21/2021

Last Buyer's Agent

Jecenia Cabrera

Coldwell Banker Realty License #475179821

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1925 | 2021

Lot Details

  • 3,049

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1.5-Story Property
  • Partially Finished Basement
  • Finished Basement Bathroom

Parking

  • Uncovered Parking
  • Parking Included in Price

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built | Renovated

1925 | 2021

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1.5 Story
  • Property Sub Type: 1.5 Story
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • Directions: North Avenue west of Laramie, south on Lorel to address.
  • Lot Size: 125 X 25
  • New Construction: No
  • Ownership: Fee Simple
  • Actual Status: Closed
  • Special Features: None
  • Year Built: 1925
  • Year Renovated: 2021

Interior Features

  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: No additional rooms

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Parking: Space/s

Utilities

  • Cooling: None
  • Heating: Radiator(s)
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 1812.68
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Sep 28, 2021
Sold by
Gutierrez Hellis
Bought by
Ovalle Leoncio G and De Leon Evelin
Seller's Agent
Michelle Cruz
Su Familia Real Estate Inc
Buyer's Agent
Jecenia Cabrera
Coldwell Banker Realty
List Price
$199,000
Sold Price
$220,000
Premium/Discount to List
$21,000
10.55%
Current Estimated Value
$269,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,521
Avg. Annual Appreciation
4.80%
Original Mortgage
$176,000
Outstanding Balance
$163,001
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$106,520

Purchase Details

Listed on
Jan 16, 2013
Closed on
Feb 19, 2013
Sold by
Omega Investments Inc
Bought by
Gutierrez Hellis
Seller's Agent
Jason O'Beirne
Jameson Sotheby's Intl Realty
Buyer's Agent
Jose Acevedo
Landmark Heritage Realty
List Price
$40,000
Sold Price
$32,000
Premium/Discount to List
-$8,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.10%

Purchase Details

Listed on
Jan 16, 2013
Closed on
Jan 9, 2013
Sold by
Hope Holdings Llc Cha
Bought by
Omega Investments Inc
Seller's Agent
Jason O'Beirne
Jameson Sotheby's Intl Realty
Buyer's Agent
Jose Acevedo
Landmark Heritage Realty
List Price
$40,000
Sold Price
$32,000
Premium/Discount to List
-$8,000
-20%

Purchase Details

Closed on
Sep 18, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hope Holdings Llc

Purchase Details

Closed on
May 23, 2012
Sold by
Moore Lesa Loran
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 26, 2005
Sold by
Moore Lesa Loran and Wansley Lawrence
Bought by
Moore Lesa Loran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1997
Sold by
Sargent Jessie
Bought by
Esco Percy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
8.27%

Purchase Details

Closed on
Nov 10, 1993
Sold by
Carter Theodore and Carter Sheree
Bought by
Wells Lesa Loran and Wansley Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,550
Interest Rate
6.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ovalle Leoncio G $220,000 Stewart Title
Gutierrez Hellis $32,000 None Available
Omega Investments Inc -- None Available
Hope Holdings Llc $20,000 Attorneys Title Guaranty Fun
Federal Home Loan Mortgage Corporation -- None Available
Moore Lesa Loran -- Tek Title Llc
Esco Percy $75,000 --
Wells Lesa Loran $39,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ovalle Leoncio G $176,000
Previous Owner Moore Lesa Loran $68,500
Previous Owner Esco Percy $72,750
Previous Owner Wells Lesa Loran $53,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2021 09/28/21 Sold $220,000 +10.6% $229 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $199,000 +521.9% $207 / Sq Ft
02/19/2013 02/19/13 Sold $32,000 -20.0% $33 / Sq Ft View Prior Sale
01/24/2013 01/24/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $40,000 -- $42 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $2,887 $17,100 $4,000 $13,100
2024 $2,887 $17,100 $4,000 $13,100
2023 $2,793 $17,000 $3,200 $13,800
2022 $2,793 $17,000 $3,200 $13,800
2021 $2,749 $17,000 $3,200 $13,800
2020 $1,837 $11,350 $3,120 $8,230
2019 $1,845 $12,612 $3,120 $9,492
2018 $1,813 $12,612 $3,120 $9,492
2017 $1,689 $11,223 $2,720 $8,503
2016 $1,748 $11,223 $2,720 $8,503
2015 $1,576 $11,223 $2,720 $8,503
2014 $2,240 $12,072 $2,560 $9,512
2013 $1,717 $12,072 $2,560 $9,512
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michelle Cruz

    Su Familia Real Estate Inc

    (773) 501-1748

    1 in this area

    9 Total Sales

    Michelle Cruz
    Section Image
  • Jecenia Cabrera

    Buyer's Agent in 2021

    Jecenia Cabrera

    Coldwell Banker Realty

    (773) 956-3156

    1 in this area

    23 Total Sales

    Jecenia Cabrera
    Section Image
  • Jason O'Beirne

    Seller's Agent in 2013

    Jason O'Beirne

    Jameson Sotheby's Intl Realty

    (773) 368-3421

    1 in this area

    346 Total Sales

    Jason O'Beirne
    Section Image

  • J

    Buyer's Agent in 2013

    Jose Acevedo

    Landmark Heritage Realty

    (773) 252-2222

    2 in this area

    33 Total Sales

    Jose Acevedo
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11163718

Midwest Real Estate Data (MRED)

APN: 16-04-112-031-0000

Illinois Cook County Chicago 60651 Austin

1408 N Lorel Ave, Chicago, IL

Not Listed for Sale

Detached

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