NOT LISTED FOR SALE

15724 Terrace Dr Unit 1 Oak Forest, IL 60452

Estimated Value: $107,000 - $133,000

1 Bed
1 Bath
800 Sq Ft
$200/mo HOA Fee

Last Sold March 25, 2024

Last sale price $115,000 $144 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $973/month

5 Days on Market

Highlights

  • Main Floor Bedroom
  • Sliding Doors
  • Laundry Facilities
  • Oak Forest High School Rated A-
  • Baseboard Heating
  • Dogs and Cats Allowed

About This Home

As of March 2024

This is a lovley and updated First Floor unit!! There are newer patio doors off the living room. Enter your unit directly through the patio doors, very convenient when bringing in groceries! Updated fully functional kitchen. Updated bath. Newer wall unit A/C which provides plenty of cooling. This is a great starter home or perfect for a downsizer, sure beats renting. One parking space is assigned, however there are ample parking spots. This home is light and bright and very inviting. In the summer enjoy hot days in the community pool. This is a great opportunity to own a first floor condo just minutes from the Metra station or from I-57. This home will not disappoint.

Last Agent to Sell the Property

Ronda Wallace

The Wallace Real Estate Group, INC. License #471021143 Listed on: 02/09/2024

Co-Listed By

Gregory Wallace

The Wallace Real Estate Group, INC. License #475157231

Last Buyer's Agent

Theresa Vargas

Chicagoland Brokers, Inc License #471014351

Chicagoland Brokers, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,125

Year Built

  • Built in 1973

Lot Details

  • 7.46

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 800 Sq Ft Home
  • 3-Story Property
  • Sliding Doors
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Included in Price
  • Assigned Parking

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units
  • Manager Association, Phone Number (815) 806-9990
  • Property managed by HSR Management

Amenities

  • Common Area
  • Laundry Facilities

Pet Policy

  • Pets up to 20 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,125

Year Built

Built in 1973

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1973
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Wood Laminate Floors, First Floor Bedroom
  • LivingArea: 800
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Door Features: Sliding Doors
  • ResoLivingAreaSource: Other

Exterior Features

  • List Price: 115000
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 1
  • Parking Features: Assigned
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Electric, Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: HSR Management
  • Management Contact Name: Manager
  • Management Phone: 815-806-9990
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 145

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 20

Tax Info

  • Tax Annual Amount: 1124.87
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Mar 15, 2024
Sold by
Decosmo Nicole J
Bought by
Jaramillo Rebeca
Seller's Agent
Ronda Wallace
The Wallace Real Estate Group, INC.
Buyer's Agent
Theresa Vargas
Chicagoland Brokers, Inc
List Price
$115,000
Sold Price
$115,000
Views
40
Current Estimated Value
$122,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,025
Avg. Annual Appreciation
3.80%
Original Mortgage
$85,000
Outstanding Balance
$83,448
Interest Rate
6.13%
Mortgage Type
Construction
Estimated Equity
$38,577
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
Jaramillo Rebeca $115,000 Ai Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaramillo Rebeca $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2024 03/25/24 Sold $115,000 0.0% $144 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/13/2024 02/13/24 Off Market $115,000 -- --
02/09/2024 02/09/24 For Sale $115,000 -- $144 / 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 $1,591 $7,716 $1,027 $6,689
2023 $1,125 $7,716 $1,027 $6,689
2022 $1,125 $5,837 $1,519 $4,318
2021 $1,138 $5,835 $1,518 $4,317
2020 $1,197 $5,835 $1,518 $4,317
2019 $224 $3,928 $1,473 $2,455
2018 $1,724 $3,928 $1,473 $2,455
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11978157

Midwest Real Estate Data (MRED)

APN: 28-17-412-056-1119