NOT LISTED FOR SALE

15724 Terrace Dr Unit 3 Oak Forest, IL 60452

Estimated Value: $98,000 - $118,000

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

Last Sold December 19, 2023

Last sale price $79,950 $114 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $993/month

13 Days on Market

Highlights

  • L-Shaped Dining Room
  • Resident Manager or Management On Site
  • Dogs and Cats Allowed
  • Oak Forest High School Rated A-
  • Laundry Facilities
  • Heating Available

About This Home

As of December 2023

Beautifully refreshed 3 floor unit. New carpeting throughout, 2 brand new air conditioning units. Large living room with sliding doors to balcony. Common washer and dryer facilities in building. Just steps away from the community pool and club house. EZ access to Metra, I57, golf course, shopping and restaurants. Renting is allowed only after owners have lived in the property for 3 years. Unit needs some TLC but priced 20K under fair market value

Last Agent to Sell the Property

Carol Treace

Arrow Enterprises INC License #471003583 Listed on: 10/31/2023

Last Buyer's Agent

Jessica Sevilla

Century 21 Circle License #475197292

Century 21 Circle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,458

Year Built

  • Built in 1976 | Remodeled in 2023

Lot Details

  • 7.46

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 700 Sq Ft Home
  • 3-Story Property
  • L-Shaped Dining Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating Available
  • Lake Michigan Water

Community Details

Overview

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

Pet Policy

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

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,458

Year Built

Built in 1976 | Remodeled in 2023

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: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 3
  • Rehab Year: 2023
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2023

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 700
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 700
  • Assessed Sq Ft: 149400
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 700
  • Total Sq Ft: 700
  • Main Level Sq Ft: 700
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 79950
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Electric
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: HSR
  • Management Contact Name: Lynn
  • Management Phone: 815-806-9990
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 145

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • 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: 1458.11
  • Tax Year: 2022

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 14, 2023
Sold by
Neubauer Timothy
Bought by
Green Iryna L and Wendt David H
Seller's Agent
Carol Treace
Arrow Enterprises INC
Buyer's Agent
Jessica Sevilla
Century 21 Circle
List Price
$84,950
Sold Price
$79,950
Premium/Discount to List
-$5,000
-5.89%
Views
98
Current Estimated Value
$106,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,943
Avg. Annual Appreciation
17.20%
Original Mortgage
$63,500
Outstanding Balance
$62,388
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$44,505

Purchase Details

Closed on
Aug 26, 2015
Sold by
Neubauer David R and Neubauer Diane M
Bought by
Neubauer Timothy

Purchase Details

Closed on
Nov 6, 2013
Sold by
Neubauer David R and Neubauer Diane M
Bought by
Neubauer David R and Neubauer Diane M

Purchase Details

Closed on
Jul 5, 2012
Sold by
Aubrecht Arlene D
Bought by
Neubauer David R and Neubauer Diane M

Purchase Details

Closed on
Sep 28, 1995
Sold by
Nugent Barbara A
Bought by
Aubrecht Arlene D
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
Green Iryna L $80,000 Chicago Title
Green Iryna L $80,000 Chicago Title
Neubauer Timothy -- None Available
Neubauer David R -- None Available
Neubauer David R $28,000 First American Title Ins Co
Aubrecht Arlene D $57,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Iryna L $63,500
Closed Green Iryna L $63,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2023 12/19/23 Sold $79,950 0.0% $114 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $79,950 -5.9% $114 / Sq Ft
10/31/2023 10/31/23 For Sale $84,950 -- $121 / 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 $2,790 $7,716 $1,027 $6,689
2023 $2,718 $7,716 $1,027 $6,689
2022 $2,718 $5,837 $1,519 $4,318
2021 $2,651 $5,835 $1,518 $4,317
2020 $2,556 $5,835 $1,518 $4,317
2019 $1,763 $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: 11920964

Midwest Real Estate Data (MRED)

APN: 28-17-412-056-1121