NOT LISTED FOR SALE

15038 Terrace Ln Midlothian, IL 60445

Estimated Value: $152,000 - $233,000

3 Beds
1 Bath
903 Sq Ft
$210/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $90,000 $100 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $1,505/month

1 Day on Market

Highlights

  • Screened Porch
  • Breakfast Bar
  • Senior Tax Exemptions
  • Detached Garage
  • Central Air

About This Home

As of February 2019

Great opportunity to own your own home with a garage! You can own this home cheaper than rent ~ Or this could be a great investment opportunity. This 3 bedroom home is located in the heart of Midlothian. Gorgeous southern exposure in the front of home makes it light and bright, even on those cloudier days. Just needs a little updating and it will be perfect. Close to dining, shopping and transportation. At this price, this home will not last.

Last Agent to Sell the Property

Ronda Wallace

The Wallace Real Estate Group, INC. License #471021143 Listed on: 01/03/2019

Co-Listed By

Gregory Wallace

The Wallace Real Estate Group, INC. License #475157231

Last Buyer's Agent

Gregory Wallace

The Wallace Real Estate Group, INC. License #475157231

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,676

Year Built

  • 1956

Lot Details

  • 5,227

Parking

  • Detached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Screened Porch

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Portable Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,676

Year Built

1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Type Detached: 1 Story
  • Estimated Year Built: 1956
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1956

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 16X12, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Microwave, Dishwasher-Portable, Refrigerator, Washer, Dryer
  • Attic: Unfinished
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 15X12, On Level: Main Level
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X8, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 12X8, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 903

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Porch Screened
  • Acreage: 0.1278

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 228
  • High School: Bremen High School
  • Junior High Dist: 143

Lot Info

  • Lot Dimensions: 72 X 83 X 33 X 107
  • Parcel Identification Number: 28104120440000

Tax Info

  • Taxes: 749

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2019
Sold by
Gadre Seema
Bought by
Sgr Realty Llc
Current Estimated Value
$189,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Outstanding Balance
$94,537
Interest Rate
5.75%
Mortgage Type
Commercial
Estimated Equity
$91,629

Purchase Details

Listed on
Jan 3, 2019
Closed on
Feb 13, 2019
Sold by
Excellence Investment Group Llc
Bought by
Gadre Seema
Seller's Agent
Ronda Wallace
The Wallace Real Estate Group, INC.
Buyer's Agent
Gregory Wallace
The Wallace Real Estate Group, INC.
List Price
$89,000
Sold Price
$90,000
Premium/Discount to List
$1,000
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$100,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 3, 2019
Closed on
Jan 30, 2019
Sold by
Conway Wendy Lyn and Kize Susan Marie
Bought by
Excellence Investment Group Llc
Seller's Agent
Ronda Wallace
The Wallace Real Estate Group, INC.
Buyer's Agent
Gregory Wallace
The Wallace Real Estate Group, INC.
List Price
$89,000
Sold Price
$90,000
Premium/Discount to List
$1,000
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.4%
Mortgage Type
Construction
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
Sgr Realty Llc -- None Available
Sgr Real Estate Llc -- Attorney
Gadre Seema -- None Available
Excellence Investment Group Llc $90,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sgr Real Estate Llc $104,000
Previous Owner Gadre Seema $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $90,000 +1.1% $100 / Sq Ft
01/04/2019 01/04/19 Pending -- -- --
01/03/2019 01/03/19 For Sale $89,000 -- $99 / 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 $5,676 $15,000 $1,948 $13,052
2023 $5,197 $15,000 $1,948 $13,052
2022 $5,197 $11,064 $1,670 $9,394
2021 $4,997 $11,062 $1,669 $9,393
2020 $4,758 $11,062 $1,669 $9,393
2019 $0 $9,447 $1,530 $7,917
2018 $0 $9,447 $1,530 $7,917
2017 $0 $9,447 $1,530 $7,917
2016 $749 $8,772 $1,391 $7,381
2015 $769 $8,772 $1,391 $7,381
2014 $731 $8,772 $1,391 $7,381
2013 $672 $10,180 $1,391 $8,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10164228

Midwest Real Estate Data (MRED)

APN: 28-10-412-044-0000