NOT LISTED FOR SALE

1502 N Cedar Lake Rd Round Lake Beach, IL 60073

Estimated Value: $234,000 - $257,000

3 Beds
2 Baths
1,144 Sq Ft
$215/Sq Ft Est. Value

Last Sold July 26, 2013

Last sale price $55,000 $48 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $1,717/month

10 Days on Market

Highlights

  • Vaulted Ceiling
  • Galley Kitchen
  • Patio
  • Detached Garage
  • In-Law or Guest Suite
  • 4-minute walk to Lakewood Park

About This Home

As of July 2013

Home on a double lot, great potential for a beautiful trilevel home or possibly rezoned for commercial use. Buyer please do your due diligience with the village in regards to zoning. Large 2 1/2 car garage, huge backyard. Great potential here no matter what. This is a short sale, we are using a professional short sale negotiating firm to work with the bank, to help expedite the process.

Last Agent to Sell the Property

Elona Hamilton

Hamilton Group, REALTORS License #471009004 Listed on: 09/09/2012

Last Buyer's Agent

Elona Hamilton

Hamilton Group, REALTORS License #471009004 Listed on: 09/09/2012

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $4,933

Year Built

  • 1974

Lot Details

  • 9,583

Parking

  • Detached Garage
  • Parking Available
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Aluminum Siding

Interior Spaces

  • In-Law or Guest Suite
  • Vaulted Ceiling
  • Laminate Flooring
  • Galley Kitchen

Finished Basement

  • English Basement
  • Finished Basement Bathroom
  • Crawl Space

Utilities

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

Additional Features

  • Patio
  • East or West Exposure
  • Property is near a bus stop

Property Details

Home Type

Other

Est. Annual Taxes

$4,933

Year Built

1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train
  • Architectural Style: Tri-Level
  • Type Detached: Split Level
  • Special Features: 12
  • Year Built: 1974

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Wood Laminate Floors, In-Law Arrangement
  • Number Of Rooms: 7
  • Attic: Unfinished
  • Basement: English
  • Basement: Finished, Crawl
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Below Grade Bedrooms: 1
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 14X10
  • Master Bedroom Flooring: Carpet
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 12X12
  • Second Bedroom Flooring: Carpet
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 10X09
  • Third Bedroom Flooring: Carpet
  • Fourth Bedroom Level: Basement
  • Fourth Bedroom Size: 12X09
  • Fourth Bedroom Flooring: Carpet
  • Living Room Level: Main Level
  • Living Room Size: 17X15
  • Living Room Flooring: Wood Laminate
  • Family Room Level: Basement
  • Family Room Size: 21X11
  • Family Room Flooring: Carpet
  • Kitchen Type: Galley
  • Kitchen Level: Main Level
  • Kitchen Size: 09X09
  • Kitchen Flooring: Ceramic Tile
  • Laundry Level: Basement
  • Laundry Size: 12X09
  • Laundry Flooring: Ceramic Tile
  • Additional Rooms: No additional rooms

Exterior Features

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

Garage/Parking

  • Number of Cars: 6
  • Parking: Garage, Space/s
  • Parking Details: Off Street, Driveway
  • Number Parking Spaces: 4
  • Parking On Site: Yes
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle School: JOHN T MAGEE MIDDLE SCHOOL
  • High School: ROUND LAKE SENIOR HIGH SCHOOL
  • Junior High Dist: 116

Lot Info

  • Lot Dimensions: 80X125
  • Lot Description: Dimensions to Center of Road

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2012
Closed on
Jul 26, 2013
Sold by
Martinez Alba
Bought by
Khou Khong Song
Seller's Agent
Elona Hamilton
Hamilton Group, REALTORS
Buyer's Agent
Elona Hamilton
Hamilton Group, REALTORS
List Price
$44,900
Sold Price
$55,000
Premium/Discount to List
$10,100
22.49%
Current Estimated Value
$246,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,386
Avg. Annual Appreciation
12.30%
Original Mortgage
$37,500
Outstanding Balance
$10,128
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$215,738

Purchase Details

Closed on
Dec 21, 2005
Sold by
Fannie Mae
Bought by
Martinez Alba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,900
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2005
Sold by
Miltier
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 29, 1994
Sold by
Volkodav Anthony and Volkodav Milanka
Bought by
Miltier James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.35%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Khou Khong Song $55,000 Multiple
Martinez Alba -- Greater Illinois Title Co
Federal National Mortgage Association -- --
Miltier James D $64,000 Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khou Khong Song $37,500
Previous Owner Martinez Alba $128,900
Previous Owner Miltier James D $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2013 07/26/13 Sold $55,000 +22.5% $48 / Sq Ft
09/19/2012 09/19/12 Pending -- -- --
09/09/2012 09/09/12 For Sale $44,900 -- $39 / 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 $4,933 $67,150 $9,550 $57,600
2023 $4,608 $58,694 $8,348 $50,346
2022 $4,608 $52,371 $7,117 $45,254
2021 $4,601 $47,635 $6,841 $40,794
2020 $4,395 $45,323 $6,509 $38,814
2019 $4,258 $43,484 $6,245 $37,239
2018 $4,855 $40,366 $5,881 $34,485
2017 $5,164 $37,970 $5,532 $32,438
2016 $5,007 $35,051 $5,107 $29,944
2015 $4,942 $32,022 $4,666 $27,356
2014 $2,143 $21,062 $4,730 $16,332
2012 $4,456 $37,460 $4,940 $32,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08155322

Midwest Real Estate Data (MRED)

APN: 06-17-412-024