NOT LISTED FOR SALE

14944 Terrace Ln Midlothian, IL 60445

Estimated Value: $169,000 - $225,000

3 Beds
1 Bath
894 Sq Ft
$220/Sq Ft Est. Value

Last Sold February 24, 2014

Last sale price $60,000 $67 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $1,448/month

189 Days on Market

Highlights

  • Landscaped Professionally
  • First Floor Utility Room
  • Detached Garage
  • Ranch Style House
  • Fenced Yard
  • Patio

About This Home

As of February 2014

Cute 3 bedroom 1 bath ranch, with side drive and 2 car garage *This is a Fannie Mae HomePath property. Purchase for as little as 3% down! Approved for HomePath Mortgage. See HomePath website for more information on this property.

Last Agent to Sell the Property

Jim Kennedy

Kennedy Connection Realtors Listed on: 08/05/2013

Last Buyer's Agent

Jody Kelly

Coldwell Banker Residential

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,801

Year Built

  • 1954

Lot Details

  • Fenced Yard
  • Landscaped Professionally

Parking

  • Detached Garage
  • Driveway

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Vinyl Siding

Utilities

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

Additional Features

  • First Floor Utility Room
  • Patio

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $1,800 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,801

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1954
  • Tax Exemptions: Homeowner
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 20X12, On Level: Main Level, Flooring: Wood Laminate
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 12X09, On Level: Main Level, Flooring: Wood Laminate
  • Additional Rooms: Utility Room-1st Floor
  • Master Bedroom: Dimensions: 12X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Utility Room-1st Floor, Dimensions: 06X06, On Level: Main Level
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 12X10, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 894

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt

Utilities

  • Electricity: Fuses, 60 Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 228
  • Junior High Dist: 143

Lot Info

  • Lot Dimensions: 62X168
  • Lot Description: Fenced Yard, Landscaped Professionally
  • Parcel Identification Number: 28104130340000

Tax Info

  • Taxes: 2888

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2019
Sold by
Chainey Micahel J and Chainey Jessica
Bought by
Chainey Michael J
Current Estimated Value
$191,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2016
Sold by
Chainey Michael J and Chainey Jessica
Bought by
Chainey Michael J and Chainey Jessica

Purchase Details

Listed on
Aug 5, 2013
Closed on
Feb 18, 2014
Sold by
Fannie Mae
Bought by
Chainey Michael J
Seller's Agent
Jim Kennedy
Kennedy Connection Realtors
Buyer's Agent
Jody Kelly
Coldwell Banker Residential
List Price
$67,500
Sold Price
$60,000
Premium/Discount to List
-$7,500
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$57,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2013
Sold by
Halvorson Kyle L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 8, 2002
Sold by
Pedre Manuel
Bought by
Halvorson Kyle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,825
Interest Rate
7.14%

Purchase Details

Closed on
Sep 4, 2001
Sold by
Wanagas Catherine
Bought by
Pedre Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,100
Interest Rate
7.03%
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
Chainey Michael J -- Attorney
Chainey Michael J -- Timios Inc
Chainey Michael J -- First American Title
Federal National Mortgage Association -- None Available
Halvorson Kyle L $104,500 --
Pedre Manuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chainey Michael J $124,000
Closed Chainey Michael J $101,250
Closed Chainey Michael J $86,487
Closed Chainey Michael J $57,000
Previous Owner Halvorson Kyle L $65,000
Previous Owner Halvorson Kyle L $25,000
Previous Owner Halvorson Kyle L $96,000
Previous Owner Halvorson Kyle L $93,825
Previous Owner Pedre Manuel $62,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2014 02/24/14 Sold $60,000 +20.0% $67 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
01/08/2014 01/08/14 Price Changed $50,000 -25.9% $56 / Sq Ft
11/12/2013 11/12/13 For Sale $67,500 0.0% $76 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $67,500 -- $76 / 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 $4,801 $16,000 $2,842 $13,158
2023 $3,644 $16,000 $2,842 $13,158
2022 $3,644 $11,176 $2,436 $8,740
2021 $3,544 $11,176 $2,436 $8,740
2020 $3,473 $11,176 $2,436 $8,740
2019 $2,962 $10,248 $2,233 $8,015
2018 $2,912 $10,248 $2,233 $8,015
2017 $2,832 $10,248 $2,233 $8,015
2016 $3,736 $8,708 $2,030 $6,678
2015 $3,653 $8,708 $2,030 $6,678
2014 $2,761 $9,350 $2,030 $7,320
2013 $2,995 $10,816 $2,030 $8,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08412190

Midwest Real Estate Data (MRED)

APN: 28-10-413-034-0000