NOT LISTED FOR SALE

16200 Lorel Ave Oak Forest, IL 60452

Estimated Value: $329,000 - $392,000

5 Beds
2 Baths
2,408 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $254,900 $106 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,655/month

19 Days on Market

Highlights

  • Multiple Garages
  • Mature Trees
  • Main Floor Bedroom
  • Oak Forest High School Rated A-
  • Wood Flooring
  • 2-minute walk to Friendly Oaks Park

About This Home

As of July 2019

ARE you looking for Something different. THIS 4 or 5 bedrooms Home is situated on nearly 3/4 Acre. Subdivide and sell off 2 lots, 1 on corner of 16200 long and the other lot on Lorel (zoning is R3, see additional info.) Hardwood floors, Oak trim, Stainless appliances, Needs updating but the land, and garages shows the value.

Last Agent to Sell the Property

Gregory Simos

Greg Simos Real Estate License #471007969 Listed on: 05/22/2019

Last Buyer's Agent

Carl Guzzy

RE/MAX 1st Service License #471016215

RE/MAX 1st Service

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,927

Lot Details

  • Corner Lot
  • Mature Trees
  • Wooded Lot

Parking

  • Garage
  • Multiple Garages
  • Garage ceiling height seven feet or more
  • Parking Available
  • Driveway
  • Off-Street Parking
  • Parking Space is Owned
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • Built-In Features
  • Wood Burning Fireplace
  • Finished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • In-Law or Guest Suite
  • Bathroom on Main Level

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Partial Air Conditioning Available
  • Baseboard Heating
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions
  • $5,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,927

Lot Details

0

Parking

10

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Type Detached: Raised Ranch
  • Estimated Year Built: U
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Property Features: Hardwood Floors, Wood Laminate Floors, 1st Floor Bedroom, In-Law Arrangement, 1st Floor Full Bath, Built-in Features
  • Number Of Rooms: 8
  • Living Room: Dimensions: 18X15, On Level: Main Level, Flooring: Hardwood
  • Equipment: Security System, Ceiling Fan, Fan-Whole House
  • Fireplace Details: Wood Burning
  • Attic: Pull Down Stair
  • Fireplace Location: Living Room
  • Basement: Walkout
  • Basement: Finished
  • Bedrooms All Levels: 5
  • Above Grade Bedrooms: 5
  • Kitchen Type: Dimensions: 24X12, On Level: Main Level, Flooring: Wood Laminate
  • Additional Rooms: 5th Bedroom
  • Master Bedroom: Dimensions: 12X12, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 29X23, On Level: 2nd Level
  • Bedroom 2: Dimensions: 12X10, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 13X11, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 12X11, On Level: 2nd Level, Flooring: Hardwood
  • Family Room: Dimensions: 16X15, On Level: Main Level, Flooring: Wood Laminate

Exterior Features

  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Brick, Frame
  • Exterior Property Features: Patio

Garage/Parking

  • Number of Cars: 20
  • Parking: Garage, Space/s
  • Parking Details: Off Street, Driveway
  • Number Parking Spaces: 10
  • Parking On Site: Yes
  • Garage Type: Attached, Detached
  • Garage Details: 7 Foot or more high garage door, Multiple Garages
  • Garage On Site: Yes
  • Number Garage Spaces: 10
  • Driveway: Asphalt
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air, Partial
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Baseboard

Schools

  • School District: 228
  • Junior High Dist: 145

Lot Info

  • Lot Dimensions: 246X200X132X100X132X100
  • Lot Description: Corner, Wooded, Mature Trees
  • Parcel Identification Number: 28211130070000

Tax Info

  • Taxes: 6457.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Jun 25, 2019
Sold by
First Midwest Bank
Bought by
Fregoso Luis and Fregoso Raquel A
Seller's Agent
Gregory Simos
Greg Simos Real Estate
Buyer's Agent
Carl Guzzy
RE/MAX 1st Service
List Price
$254,900
Sold Price
$254,900
Current Estimated Value
$361,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,609
Avg. Annual Appreciation
5.72%
Original Mortgage
$249,399
Outstanding Balance
$219,298
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$142,211

Purchase Details

Closed on
May 28, 2015
Sold by
Zychowski Leola E
Bought by
First Midwest Bank and Trust #7591
Source: Public Records

Range of Values:

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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
Fregoso Luis $255,000 Attorneys Ttl Guaranty Fund
First Midwest Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fregoso Luis $249,399
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $254,900 0.0% $106 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $254,900 -- $106 / 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 $8,927 $28,000 $5,940 $22,060
2023 $10,584 $28,000 $5,940 $22,060
2022 $10,584 $22,721 $5,280 $17,441
2021 $10,323 $22,720 $5,280 $17,440
2020 $9,952 $22,720 $5,280 $17,440
2019 $8,347 $22,031 $4,950 $17,081
2018 $6,955 $22,031 $4,950 $17,081
2017 $9,624 $22,031 $4,950 $17,081
2016 $8,530 $18,797 $4,620 $14,177
2015 $3,154 $18,797 $4,620 $14,177
2014 $3,012 $18,797 $4,620 $14,177
2013 -- $20,555 $4,620 $15,935
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Gregory Simos

    Greg Simos Real Estate

    Section Image
  • Carl Guzzy

    Buyer's Agent in 2019

    Carl Guzzy

    RE/MAX

    (708) 267-9525

    1 in this area

    42 Total Sales

    Carl Guzzy
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10388691

Midwest Real Estate Data (MRED)

APN: 28-21-113-007-0000

Illinois Cook County Oak Forest 60452

16200 Lorel Ave, Oak Forest, IL

This home is located at 16200 Lorel Ave, Oak Forest, IL 60452 since 22 May 2019 and is currently estimated at $361,509, approximately $150 per square foot. 16200 Lorel Ave is a home located in Cook County with nearby schools including Kimberly Heights Elementary School, Scarlet Oak Elementary School, and Arbor Park Middle School.

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