NOT LISTED FOR SALE

18318 Exchange Ave Unit 1E Lansing, IL 60438

Estimated Value: $84,000 - $88,000

2 Beds
1 Bath
1,000 Sq Ft
$232/mo HOA Fee

Last Sold November 14, 2024

Last sale price $84,000 $84 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $793/month

6 Days on Market

Highlights

  • Balcony
  • Resident Manager or Management On Site
  • Combination Kitchen and Dining Room
  • Living Room
  • Laundry Room
  • 1-minute walk to Oakley Playlot

About This Home

As of November 2024

Welcome Homebuyers and Investors! Check out this unique and affordable 2 bedroom home located in Fernwood Court Condominiums. This home lives like a townhome! Lovely 1st floor condo has been well maintained and offers an eat-in kitchen and spacious living room with sliding glass door to your private outdoor balcony. A few stairs up leads you to your bedrooms and bathroom. Solid flexicore building ensures peace and quiet fom upstairs neighbors. Monthly assessent includes heat and you also get an assigned parking space. Building offers coin operated laundry and a private storage unit. As of the date of this listing, this unit is able to be rented.

Last Listed By

Denise Raines

Keller Williams Preferred Rlty License #471018566 Listed on: 09/17/2024

Keller Williams Preferred Rlty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $528

Year Built

  • Built in 1969

Lot Details

  • 0.55

HOA Fees

  • $232 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,000 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Carpet
  • Laundry Room

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Uses Steam
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 12 Units
  • Property Manager Association, Phone Number (708) 474-0500
  • Property managed by R Y Properties

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$528

Year Built

Built in 1969

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1000
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 80000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Steam, Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 232
  • Association Amenities: Coin Laundry, Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: R Y Properties
  • Management Contact Name: Property Manager
  • Management Phone: 708-474-0500
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 527.59
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Oct 18, 2024
Sold by
Bessie Stamos Revocable Trust and Korellis Ann
Bought by
Mohammed Aminat A
Seller's Agent
Denise Raines
Keller Williams Preferred Rlty
Buyer's Agent
Co Co Doffou
Coldwell Banker Realty
List Price
$80,000
Sold Price
$84,000
Premium/Discount to List
$4,000
5%
Total Days on Market
6
Views
23
Current Estimated Value
$85,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,702
Avg. Annual Appreciation
-1.64%
Original Mortgage
$4,200
Outstanding Balance
$3,940
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$79,409

Purchase Details

Closed on
Jun 19, 2007
Sold by
Stamos Bessie
Bought by
Stamos Bessie and The Bessie Stamos Revocable Trust

Purchase Details

Closed on
Dec 4, 2001
Sold by
Macdougall Erich
Bought by
Stamos Bessie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.68%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 20, 1994
Sold by
Macdougall Sandra
Bought by
Macdougall Erich

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
Mohammed Aminat A $84,000 Chicago Title
Mohammed Aminat A $84,000 Chicago Title
Stamos Bessie -- None Available
Stamos Bessie $68,500 Ticor Title
Macdougall Erich -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohammed Aminat A $4,200
Closed Mohammed Aminat A $4,200
Open Mohammed Aminat A $79,800
Closed Mohammed Aminat A $79,800
Previous Owner Stamos Bessie $28,600
Previous Owner Stamos Bessie $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2024 11/14/24 Sold $84,000 +5.0% $84 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $80,000 -- $80 / 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 -- $7,060 $865 $6,195
2023 -- $7,059 $865 $6,194
2022 $0 $3,756 $763 $2,993
2021 $20 $3,755 $762 $2,993
2020 $20 $3,755 $762 $2,993
2019 $0 $4,328 $711 $3,617
2018 $0 $4,328 $711 $3,617
2017 $0 $4,328 $711 $3,617
2016 $20 $4,536 $661 $3,875
2015 $20 $4,536 $661 $3,875
2014 -- $4,536 $661 $3,875
2013 $261 $5,370 $661 $4,709
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12165408

Midwest Real Estate Data (MRED)

APN: 30-31-323-042-1009