Seller's Agent in 2022
Mike McCatty
Century 21 Circle
(708) 945-2121
84 in this area
1,160 Total Sales
16551 Merc Ln Lockport, IL 60441
Estimated Value: $567,000 - $598,000
4
Beds
2.5
Baths
4,339
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Property is near a park
- Recreation Room
- Wood Flooring
- Ludwig Elementary School Rated 10
- Traditional Architecture
- 4-minute walk to Red Oaks Park
About This Home
As of July 2022Crowning the corner of a cul-de-sac street the lush lawn sets the tone for this beautiful 2-story. Curb appeal enhanced with the esthetically pleasing side load 3-car garage, without the tight turns. Expansive foyer unites the formal living and dining rooms and showcases the overlooking bridge. Large kitchen with an abundance of cabinetry, stainless appliances, a breakfast bar and gleaming hardwoods. Adjacent family room with brick fireplace. Laundry room with sink as well as 1/2 bath complete the main level. Four spacious upper level bedrooms and 2 full baths, one with a skylight, and the master ensuite with jetted tub. Finished lower level with custom ceiling, full size wet bar, stone wall with aquarium, recreation area and bonus room for office, craft room or even a 5th bedroom if needed. Step out to your concrete patio and maintenance free fence enclosed yard. Short stroll to nearby community park, shopping and dining. Convenient to METRA and I-355 as well. A family friendly home and neighborhood so awesome, your kids will never want to move!! Please respectfully look while maintaining the privacy of the junior occupants. (wink, wink)
Last Agent to Sell the Property
Century 21 Circle License #471002650 Listed on: 04/29/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,169
Year Built
- Built in 1999
Lot Details
- 0.25
Parking
- 3 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,339 Sq Ft Home
- 2-Story Property
- Bar
- Skylights
- Fireplace With Gas Starter
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Home Office
- Recreation Room
- Loft
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Laundry on main level
- Sink Near Laundry
Schools
- Walsh Elementary School
- Oak Prairie Junior High School
- Lockport Township High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Patio
- Paved or Partially Paved Lot
- Property is near a park
Community Details
- Fields Subdivision, 2 Story Floorplan
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2022
Closed on
Jul 19, 2022
Sold by
Pappas George G and Pappas Maria E
Bought by
Li He and Yu Rachel
Seller's Agent
Mike McCatty
Century 21 Circle
Buyer's Agent
Tyra Tao
Cloudup Realty LLC
List Price
$460,000
Sold Price
$482,000
Premium/Discount to List
$22,000
4.78%
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,535
Avg. Annual Appreciation
6.12%
Original Mortgage
$322,000
Outstanding Balance
$308,139
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$273,396
Purchase Details
Closed on
Apr 28, 2010
Sold by
Milcarek Michael M and Milcarek Anna
Bought by
Pappas George and Tsonis Maria E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
5.16%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li He | $482,000 | Law Office Of Joseph M Kosteck | |
| Pappas George | $326,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Li He | $322,000 | |
| Previous Owner | Pappas George | $231,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2022 07/31/22 | Sold | $482,000 | +4.8% | $111 / Sq Ft |
| 05/04/2022 05/04/22 | Pending | -- | -- | -- |
| 04/29/2022 04/29/22 | For Sale | $460,000 | -- | $106 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $11,893 | $161,164 | $22,736 | $138,428 |
| 2023 | $11,893 | $146,088 | $20,609 | $125,479 |
| 2022 | $10,725 | $136,404 | $19,243 | $117,161 |
| 2021 | $10,214 | $129,231 | $18,231 | $111,000 |
| 2020 | $10,169 | $124,476 | $17,560 | $106,916 |
| 2019 | $9,840 | $119,746 | $16,893 | $102,853 |
| 2018 | $9,598 | $115,412 | $16,699 | $98,713 |
| 2017 | $9,423 | $112,182 | $16,232 | $95,950 |
| 2016 | $9,226 | $108,441 | $15,691 | $92,750 |
| 2015 | $8,909 | $104,371 | $15,102 | $89,269 |
| 2014 | $8,909 | $102,214 | $14,790 | $87,424 |
| 2013 | $8,909 | $102,214 | $14,790 | $87,424 |
Source: Public Records
Agents Affiliated with this Home
-
Mike McCatty
-
Tyra Tao
Buyer's Agent in 2022
Tyra Tao
Cloudup Realty LLC
(347) 348-8923
1 in this area
21 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11388801
APN: 16-05-18-153-020
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