Seller's Agent in 2023
Ryan Smith
RE/MAX Premier
(312) 810-9680
3 in this area
788 Total Sales
1537 N 16th Ave Melrose Park, IL 60160
Estimated Value: $272,000 - $302,000
2
Beds
2.5
Baths
826
Sq Ft
$348/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Laundry Room
- Den
- Living Room
- 3-minute walk to Bulger Park Veterans Park District
About This Home
As of July 2023Located in the sought after North area of Melrose Park, this all brick, classic Chicago style bungalow offers tremendous upside at a great value! As you enter the home you will appreciate the natural hardwood floors which run throughout the first floor, there is a large picture window with western exposure, formal dining room and two generous sized bedrooms on the main level. The rear porch has been converted into a den which can be easily used as a third bedroom or home office. There is a rare half bath off the kitchen which is a nice value add. The basement is full finished with a family room, second kitchen and third bedroom as well as a second full bathroom. The home has an unfinished attic, dormer the second story out for a custom master suite and the value will soar through the roof! This home has tons of upside in a great location in a market where there is no inventory. This one will not last long!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,881
Year Built
- Built in 1924
Lot Details
- Lot Dimensions are 33x125
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Bungalow
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Den
- Laundry Room
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Potential Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Schools
- Stevenson Elementary School
- Proviso East High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- Bungalow
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2023
Closed on
Jul 28, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Gonzalez Edwardo and Herrera Danna I
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Juan Del Real
Solutions Realty & Assoc LLC
List Price
$249,900
Sold Price
$245,500
Premium/Discount to List
-$4,400
-1.76%
Views
406
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,944
Avg. Annual Appreciation
7.26%
Original Mortgage
$233,225
Outstanding Balance
$221,213
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$66,231
Purchase Details
Closed on
May 12, 2023
Sold by
Judicial Sales Corporation
Bought by
Platinum Pearl Holdings Llc
Purchase Details
Closed on
Apr 20, 2023
Sold by
Platinum Pearl Holdings Llc
Bought by
Chicago Title Land Trust Company
Purchase Details
Closed on
Nov 10, 2008
Sold by
Flores Raymond and Flores Mercedes
Bought by
Sullivan Cynthia and Johnson Merven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,916
Interest Rate
6.09%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gonzalez Edwardo | $245,500 | Chicago Title | |
| Platinum Pearl Holdings Llc | $189,000 | None Listed On Document | |
| Chicago Title Land Trust Company | -- | None Listed On Document | |
| Sullivan Cynthia | $160,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gonzalez Edwardo | $233,225 | |
| Previous Owner | Sullivan Cynthia | $157,916 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2023 07/27/23 | Sold | $245,500 | -1.8% | $297 / Sq Ft |
| 06/21/2023 06/21/23 | Pending | -- | -- | -- |
| 06/15/2023 06/15/23 | For Sale | $249,900 | 0.0% | $303 / Sq Ft |
| 05/30/2023 05/30/23 | Pending | -- | -- | -- |
| 05/23/2023 05/23/23 | For Sale | $249,900 | -- | $303 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,115 | $23,000 | $3,982 | $19,018 |
| 2023 | $3,795 | $23,000 | $3,982 | $19,018 |
| 2022 | $3,795 | $15,735 | $3,444 | $12,291 |
| 2021 | $3,881 | $15,735 | $3,444 | $12,291 |
| 2020 | $3,842 | $15,735 | $3,444 | $12,291 |
| 2019 | $3,133 | $13,095 | $3,121 | $9,974 |
| 2018 | $3,120 | $13,095 | $3,121 | $9,974 |
| 2017 | $3,069 | $13,095 | $3,121 | $9,974 |
| 2016 | $2,681 | $10,862 | $2,798 | $8,064 |
| 2015 | $2,600 | $10,862 | $2,798 | $8,064 |
| 2014 | $2,535 | $10,862 | $2,798 | $8,064 |
| 2013 | $3,048 | $13,490 | $2,798 | $10,692 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Smith
-
Juan Del Real
J
Buyer's Agent in 2023
Juan Del Real
Solutions Realty & Assoc LLC
(708) 473-4221
2 in this area
189 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11789876
APN: 15-03-209-002-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 1630 N 15th Ave
- 1209 Helen Dr
- 1202 Elsie Dr
- 1718 N 15th Ave
- 1616 N 12th Ave
- 923 Division St
- 1724 N 19th Ave
- 1540 N 21st Ave
- 918 Park Dr
- 1200 N 11th Ave
- 1114 N 11th Ave
- 1514 N 22nd Ave
- 1634 N 22nd Ave
- 1531 N 24th Ave
- 1710 N 23rd Ave
- 1815 N 22nd Ave
- 1303 Rice St
- 1418 N 24th Ave
- 1933 N 18th Ave
- 816 Augusta St
- 1541 N 16th Ave
- 1535 N 16th Ave
- 1533 N 16th Ave
- 1529 N 16th Ave
- 1601 N 16th Ave
- 1534 N 15th Ave
- 1527 N 16th Ave
- 1536 N 15th Ave
- 1530 N 15th Ave
- 1528 N 15th Ave
- 1603 N 16th Ave
- 1525 N 16th Ave
- 1536 N 16th Ave
- 1524 N 15th Ave
- 1534 N 16th Ave
- 1540 N 16th Ave
- 1600 N 15th Ave
- 1532 N 16th Ave
- 1532 N 16th Ave
- 1607 N 16th Ave