NOT LISTED FOR SALE

1622 N 16th Ave Melrose Park, IL 60160

Estimated Value: $289,000 - $343,000

3 Beds
1 Bath
1,100 Sq Ft
$294/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $290,000 $264 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,193/month

3 Days on Market

Highlights

  • Ranch Style House
  • Laundry Room
  • Dining Room
  • Living Room
  • Forced Air Heating and Cooling System
  • 2-minute walk to Bulger Park Veterans Park District

About This Home

As of January 2023

This home was Rehabbed 4 years ago when seller purchased. Heater, water heater, electrical, copper plumbing, ac, roof, all was done 2018. The home features 3 bedrooms, Living room, Dinning room, Kitchen. Hardwood floors, TV and fireplace built in stay. Kitchen has granite tops, ss app, dishwasher and spacious island with storage. Laundry area and basement for storage unfinished. NO GARAGE. Concrete parking spaces. Sits on double lot of 50x125. Located a near park and school. Close to shopping and transportation.

Last Agent to Sell the Property

Lissette Falcon

Shield Real Estate License #475177953 Listed on: 12/03/2022

Co-Listed By

Sandra Cruz

Shield Real Estate License #471021391

Last Buyer's Agent

Nolberto Damian

Vista Realty Group LLC License #475199681

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,855

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x125
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,855

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1100
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1100
  • Assessed Sq Ft: 792
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm,Kitchen/Dining Combo
  • Total Sq Ft: 1100
  • Total Sq Ft: 1100
  • Upper Level Sq Ft: 1100
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 290000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 50X125
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3854.88
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
Jan 6, 2023
Sold by
Rivera-Muniz Rosaura and Rivera-Muniz Oscar
Bought by
Cruz Kevin Antonio and Hernandez Maria Elena
Seller's Agent
Lissette Falcon
Shield Real Estate
Buyer's Agent
Nolberto Damian
Vista Realty Group LLC
List Price
$290,000
Sold Price
$290,000
Views
25
Current Estimated Value
$323,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,144
Avg. Annual Appreciation
4.01%
Original Mortgage
$284,747
Interest Rate
6.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2018
Sold by
Reef Llc
Bought by
Rivera Muniz Rosaura and Rivera Muniz Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,300
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2015
Sold by
Sabre Investments Llc
Bought by
Reef Llc

Purchase Details

Closed on
Oct 6, 2014
Sold by
County Of Cook
Bought by
Sabre Investments Llc

Purchase Details

Closed on
Jun 21, 2000
Sold by
Arroyo Jose G
Bought by
Delatorre Jose and Delatorre Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,900
Interest Rate
8.56%

Purchase Details

Closed on
Jun 25, 1997
Sold by
Mobilia Thomas W and Mobilia Michaline L
Bought by
Arroyo Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,335
Interest Rate
7.81%
Mortgage Type
FHA
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
Cruz Kevin Antonio $290,000 Citywide Title
Rivera Muniz Rosaura $190,000 Attorney
Reef Llc $41,000 Chicago Title Insurance Co
Sabre Investments Llc -- None Available
Delatorre Jose $133,000 --
Arroyo Jose G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Kevin Antonio $284,747
Previous Owner Rivera Muniz Rosaura $184,300
Previous Owner Delatorre Jose $128,900
Previous Owner Arroyo Jose G $99,335
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $290,000 0.0% $264 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
12/03/2022 12/03/22 For Sale $290,000 -- $264 / 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 $5,976 $20,105 $4,209 $15,896
2023 $4,823 $23,000 $4,209 $18,791
2022 $4,823 $15,652 $3,640 $12,012
2021 $3,855 $15,651 $3,640 $12,011
2020 $4,760 $15,651 $3,640 $12,011
2019 $4,251 $13,115 $3,298 $9,817
2018 $4,236 $13,115 $3,298 $9,817
2017 $4,141 $13,115 $3,298 $9,817
2016 $3,539 $11,041 $2,957 $8,084
2015 $2,656 $11,041 $2,957 $8,084
2014 $2,590 $11,041 $2,957 $8,084
2013 -- $12,244 $2,957 $9,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11682508

Midwest Real Estate Data (MRED)

APN: 15-03-205-028-0000