NOT LISTED FOR SALE

1512 Terrace Ave Waukegan, IL 60085

Estimated Value: $214,000 - $261,000

4 Beds
2 Baths
1,288 Sq Ft
$182/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $87,000 $68 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $1,714/month

51 Days on Market

Highlights

  • Ranch Style House
  • Cul-De-Sac
  • Forced Air Heating and Cooling System
  • Detached Garage
  • Breakfast Bar
  • Senior Tax Exemptions

About This Home

As of January 2020

FANTASTIC NORTHEAST WAUKEGAN RANCH with 4 Bedrooms & 2 FULL Bathrooms. Beautiful HARDWOOD Floors in the Living Room, Hallway, 2nd Bedroom & under carpeting in 3rd & 4th Bedrooms. Master Bedroom/In-Law Suite has Full Bathroom with Shower & Walk-in-Closet and separate entrance. Master Bedroom could also be used as a Family Room. Large Eat-in Kitchen with loads of cabinets & storage. Extra Thick attic insulation keeps house warm & cozy & keeps the heating bills LOW. Cedar exterior painted in 2017. Roof about 12 years old. HVAC about 6 years old is serviced annually. Beautiful, private and secluded side and rear yard. 1 Car Detached garage with opener. Did you see the LOW taxes? What are you waiting for? Call for a private viewing appointment.

Last Agent to Sell the Property

John Steele

RE/MAX Plaza License #471003805 Listed on: 11/22/2019

RE/MAX Plaza

Last Buyer's Agent

Juliana Baird

Core Realty & Investments, Inc License #475176844

Core Realty & Investments, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,619

Year Built

  • 1955

Lot Details

  • 10,629

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Cedar

Kitchen

  • Breakfast Bar
  • Oven or Range

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Primary Bathroom is a Full Bathroom
  • Crawl Space
  • Cul-De-Sac

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,619

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1288
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1955
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Total Sq Ft: 1288
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 17X17, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Appliances: Oven/Range, Refrigerator, Washer, Dryer
  • Equipment: CO Detectors, Ceiling Fan
  • Attic: Pull Down Stair
  • Basement: Crawl
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 6X6, On Level: Main Level, Flooring: Vinyl, Windows: None
  • Kitchen Type: Dimensions: 14X12, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 16X14, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Bedroom 2: Dimensions: 13X09, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Bedroom 3: Dimensions: 11X09, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Bedroom 4: Dimensions: 12X08, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Estimated Sq Ft: 1288
  • Estimated Total Finished Sq Ft: 1288
  • Main Level Sq Ft: 1288

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Cedar

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: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 60
  • Junior High Dist: 60

Lot Info

  • Lot Dimensions: 154 X 188 X 156
  • Lot Description: Cul-de-sac
  • Parcel Identification Number: 08162020580000

Tax Info

  • Taxes: 1263.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2019
Closed on
Jan 31, 2020
Sold by
Shanks Daphne E
Bought by
Melik Sherief
Seller's Agent
John Steele
RE/MAX Plaza
Buyer's Agent
Juliana Baird
Core Realty & Investments, Inc
List Price
$125,000
Sold Price
$87,000
Premium/Discount to List
-$38,000
-30.4%
Total Days on Market
51
Current Estimated Value
$234,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,725
Avg. Annual Appreciation
18.92%
Source: Public Records

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Range of Values:

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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
Melik Sherief $87,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melik Sherief $125,750
Closed Melik Sherief $81,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $87,000 -30.4% $68 / Sq Ft
01/12/2020 01/12/20 Pending -- -- --
11/22/2019 11/22/19 For Sale $125,000 -- $97 / 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 $5,619 $67,158 $12,156 $55,002
2023 $4,454 $59,586 $10,786 $48,800
2022 $4,454 $45,562 $11,014 $34,548
2021 $3,981 $38,180 $9,474 $28,706
2020 $2,785 $35,569 $8,826 $26,743
2019 $1,170 $32,594 $8,088 $24,506
2018 $1,309 $31,940 $11,447 $20,493
2017 $1,355 $28,258 $10,127 $18,131
2016 $1,472 $24,555 $8,800 $15,755
2015 $1,609 $21,977 $7,876 $14,101
2014 $1,754 $20,523 $4,599 $15,924
2012 $2,734 $22,235 $4,983 $17,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10580620

Midwest Real Estate Data (MRED)

APN: 08-16-202-058