NOT LISTED FOR SALE

1534 Olive Rd Homewood, IL 60430

Estimated Value: $258,000 - $340,000

3 Beds
1.5 Baths
1,354 Sq Ft
$226/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $300,000 $222 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,144/month

15 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • Living Room
  • Homewood-Flossmoor High School Rated A-
  • Breakfast Bar
  • 4-minute walk to Orchard Park

About This Home

As of April 2023

What a sweet, adorable home and the perfect choice for the first time homebuyer. This home and property have been lovingly maintained and improved on over the many years the sellers have lived here, with a family room and 1/2 bath added. Hardwood floors throughout the first floor. Large corner lot, there's a great deck off the back and it's attractively landscaped. New roof 2019, new driveway 2020, Anderson windows throughout, less than a mile to downtown and Metra! Enjoy Homewood and it's great schools!

Last Agent to Sell the Property

Carole Klein

Baird & Warner Listed on: 02/25/2023

Baird & Warner

Last Buyer's Agent

Geneva Harris

Real People Realty License #471021801

Real People Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,182

Year Built

  • Built in 1941

Lot Details

  • 8,320

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction

Interior Spaces

  • 1,354 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Homewood-Flossmoor High School

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,182

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1941
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1354
  • Room Type: Eating Area
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Homewood-Flossmoor High School

Lot Info

  • Lot Dimensions: 8328
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4182.33
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2023
Closed on
Apr 13, 2023
Sold by
Faster Patrick A and Faster Elizabeth F
Bought by
Palombo Patrick James and Palombo Emma
Seller's Agent
Carole Klein
Baird & Warner
Buyer's Agent
Geneva Harris
Real People Realty
List Price
$317,000
Sold Price
$300,000
Premium/Discount to List
-$17,000
-5.36%
Views
90
Current Estimated Value
$306,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,471
Avg. Annual Appreciation
0.85%
Original Mortgage
$150,000
Outstanding Balance
$145,869
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$160,602
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
Palombo Patrick James $300,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palombo Patrick James $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2023 04/17/23 Sold $300,000 -5.4% $222 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/25/2023 02/25/23 For Sale $317,000 -- $234 / 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 $6,441 $21,000 $3,331 $17,669
2023 $4,398 $21,000 $3,331 $17,669
2022 $4,398 $14,356 $2,915 $11,441
2021 $4,182 $14,355 $2,914 $11,441
2020 $4,247 $14,355 $2,914 $11,441
2019 $3,716 $13,574 $2,706 $10,868
2018 $3,592 $13,574 $2,706 $10,868
2017 $4,962 $13,574 $2,706 $10,868
2016 $5,084 $12,736 $2,498 $10,238
2015 $4,974 $12,736 $2,498 $10,238
2014 $4,906 $12,736 $2,498 $10,238
2013 $4,413 $12,588 $2,498 $10,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11722396

Midwest Real Estate Data (MRED)

APN: 29-32-306-047-0000