NOT LISTED FOR SALE

16208 Lorel Ave Oak Forest, IL 60452

Estimated Value: $255,181 - $270,000

3 Beds
1 Bath
1,154 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $196,000 $170 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,856/month

20 Days on Market

Highlights

  • 2 Car Detached Garage
  • Living Room
  • 1-Story Property
  • Oak Forest High School Rated A-
  • Laundry Room
  • 3-minute walk to Friendly Oaks Park

About This Home

As of May 2022

Come check out this 3 bedroom, 1 bathroom brick ranch home can now be yours! Hardwood throughout the main floor, a spacious living room with plenty of natural light, full basement, and a detached two car garage with plenty of space in the driveway. This wonderful home sits at the end of a dead end street in a quiet neighborhood. The large backyard sits next to a forest and has tons of space for all of your outdoor plans. A few minute walk to parks and a short drive to shopping, a commuter train station and interstate access.

Last Agent to Sell the Property

Timothy Medina

L.W. Reedy Real Estate License #475198634 Listed on: 04/04/2022

L.W. Reedy Real Estate

Last Buyer's Agent

Yolanda Arroyo

Chicagoland Brokers, Inc. License #475132974

Chicagoland Brokers, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,899

Year Built

  • Built in 1967

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 129x101

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,154 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,899

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1154
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 209900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 4
  • Number of Cars: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

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

  • Middle/Junior School District: 145

Lot Info

  • Lot Size Acres: 0.303
  • Lot Dimensions: 129X101
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7899.01
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2017
Sold by
First Midwest Bank
Bought by
Smalley Frederick L
Current Estimated Value
$261,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Outstanding Balance
$211,466
Interest Rate
4.62%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
$50,079
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
Smalley Frederick L -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smalley Frederick L $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2022 05/24/22 Sold $196,000 -6.6% $170 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $209,900 +31.3% $182 / Sq Ft
09/24/2020 09/24/20 Sold $159,900 0.0% $139 / Sq Ft View Prior Sale
09/24/2020 09/24/20 Sold $159,900 0.0% $139 / Sq Ft View Prior Sale
08/19/2020 08/19/20 Pending -- -- --
07/17/2020 07/17/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $159,900 0.0% $139 / Sq Ft
06/05/2020 06/05/20 For Sale $159,900 0.0% $139 / Sq Ft
05/31/2020 05/31/20 Off Market $159,900 -- --
05/16/2020 05/16/20 Pending -- -- --
05/09/2020 05/09/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $159,900 0.0% $139 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/15/2020 03/15/20 For Sale $159,900 0.0% $139 / Sq Ft
10/15/2019 10/15/19 For Sale $159,900 -- $139 / 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 $5,672 $19,000 $5,940 $13,060
2023 $8,400 $19,000 $5,940 $13,060
2022 $8,400 $18,034 $5,280 $12,754
2021 $8,193 $18,033 $5,280 $12,753
2020 $7,899 $18,033 $5,280 $12,753
2019 $1,146 $18,672 $4,950 $13,722
2018 $1,123 $18,672 $4,950 $13,722
2017 $1,098 $18,672 $4,950 $13,722
2016 $2,177 $16,442 $4,620 $11,822
2015 $2,222 $16,442 $4,620 $11,822
2014 $2,122 $16,442 $4,620 $11,822
2013 $1,935 $19,716 $4,620 $15,096
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11364743

Midwest Real Estate Data (MRED)

APN: 28-21-113-009-0000