NOT LISTED FOR SALE

16602 W Arbor Terrace Lockport, IL 60441

Estimated Value: $478,000 - $579,000

4 Beds
4 Baths
2,700 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $317,000 $117 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,667/month

303 Days on Market

Highlights

  • Landscaped Professionally
  • Wooded Lot
  • Formal Dining Room
  • Ludwig Elementary School Rated 10
  • Whirlpool Bathtub
  • Stainless Steel Appliances

About This Home

As of May 2014

This is a Spacious 4Bedroom, 3.5 Bath Custom Built Home on almost 1acre lot in the Secluded Whispering Pines subdivision of Lockport. Home includes, hardwood floors and doors throughout, granite countertops in kitchen and baths, full finished basement, walk in closets, and so much more.

Last Agent to Sell the Property

Santos Velazquez

Home Owners Realty, Inc. License #471009771 Listed on: 06/18/2013

Last Buyer's Agent

Dawn Mccoy

HomeSmart Realty Group License #475123454

HomeSmart Realty Group

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $10,512

Year Built

  • 1994

Lot Details

  • Landscaped Professionally
  • Wooded Lot

Parking

  • Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Walsh Elementary School
  • Lockport Township High School

Additional Features

  • Formal Dining Room
  • Central Air

Property Details

Home Type

Other

Est. Annual Taxes

$10,512

Year Built

1994

Lot Details

0

Parking

2

Interior Features

  • Total # Of Rooms: 9
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Equipment: Water-Softener Owned, Ceiling Fan, Sump Pump
  • Fireplace Type/Details: Wood Burning
  • Fireplaces: 1
  • Attic: Full
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 17X13
  • Master Bedroom Flooring: Hardwood
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 17X13
  • Second Bedroom Flooring: Carpet
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 14X10
  • Third Bedroom Flooring: Carpet
  • Fourth Bedroom Level: 2nd Level
  • Fourth Bedroom Size: 17X11
  • Fourth Bedroom Flooring: Hardwood
  • Bathroom Amenities: Whirlpool
  • Living Room Level: Main Level
  • Living Room Size: 18X12
  • Living Room Flooring: Hardwood
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 13X11
  • Dining Room Flooring: Hardwood
  • Family Room Level: Main Level
  • Family Room Size: 18X11
  • Family Room Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island
  • Kitchen Level: Main Level
  • Kitchen Size: 20X14
  • Kitchen Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)

Garage/Parking

  • Number of Cars: 2
  • Parking Type: Garage
  • Garage Type: Garage Door Opener(s)
  • Driveway: Concrete

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Heat/Fuel: Gas

Schools

  • Elementary School: Walsh Elementary School
  • High School: Lockport Township High School
  • Junior High Dist: 92
  • Junior High: Oak Prairie Junior High School

Lot Info

  • Lot Dimensions: 99X159X197
  • Lot Description: Landscaped Professionally, Wooded

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2013
Closed on
May 27, 2014
Sold by
Wilczek Joseph and Wilczek Mary
Bought by
Hill Michael D
Seller's Agent
Santos Velazquez
Home Owners Realty, Inc.
Buyer's Agent
Dawn Mccoy
HomeSmart Realty Group
List Price
$379,000
Sold Price
$317,000
Premium/Discount to List
-$62,000
-16.36%
Current Estimated Value
$526,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,547
Avg. Annual Appreciation
4.58%
Original Mortgage
$100,000
Outstanding Balance
$29,911
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$496,636
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
Hill Michael D $317,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Michael D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $317,000 -6.7% $117 / Sq Ft
04/17/2014 04/17/14 Pending -- -- --
04/03/2014 04/03/14 Price Changed $339,900 -2.9% $126 / Sq Ft
03/06/2014 03/06/14 Price Changed $349,900 -2.8% $130 / Sq Ft
01/23/2014 01/23/14 Price Changed $359,900 -2.5% $133 / Sq Ft
07/12/2013 07/12/13 Price Changed $369,000 -2.6% $137 / Sq Ft
06/18/2013 06/18/13 For Sale $379,000 -- $140 / 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 $10,512 $136,994 $22,736 $114,258
2023 $10,512 $124,179 $20,609 $103,570
2022 $9,487 $115,947 $19,243 $96,704
2021 $9,033 $109,850 $18,231 $91,619
2020 $8,979 $105,808 $17,560 $88,248
2019 $8,696 $101,788 $16,893 $84,895
2018 $8,491 $98,177 $16,699 $81,478
2017 $8,336 $95,429 $16,232 $79,197
2016 $8,160 $92,247 $15,691 $76,556
2015 $7,988 $88,784 $15,102 $73,682
2014 $7,988 $86,949 $14,790 $72,159
2013 $7,988 $86,949 $14,790 $72,159
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08372243

Midwest Real Estate Data (MRED)

APN: 16-05-18-153-014