NOT LISTED FOR SALE

18550 Torrence Ave Unit 1 Lansing, IL 60438

Estimated Value: $85,772 - $116,000

2 Beds
1 Bath
851 Sq Ft
$233/mo HOA Fee

Last Sold May 14, 2013

Last sale price $15,000 $18 Per Sq Ft

Est. 586% increase in value since last sale

Current estimated payment $975/month

11 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Baseboard Heating

About This Home

As of May 2013

Two bedroom condo with a view of the pool and courtyard. this one has some nice updates. The ceramic tile foyer features a large closet. The kitchen has new cabinets and counter tops. There are hardwood floors throughout. There is a formal dining room. The large living room has sliding doors to the balcony. The bedrooms are good sized & have great closet space. Ask About FHA $100 down payment program.

Last Agent to Sell the Property

Christian Chase

Chase Real Estate LLC License #475122088 Listed on: 02/16/2013

Last Buyer's Agent

Tamika Marks

Trademarks & Associates License #471006293

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,349

Year Built

  • 1986

Lot Details

  • 4.58

HOA Fees

  • $233 per month

Home Design

  • Brick Exterior Construction

Parking

  • Parking Available
  • Visitor Parking
  • Off-Street Parking
  • Parking Included in Price

Utilities

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

Additional Features

  • Wood Flooring
  • Property is near a bus stop

Community Details

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,349

Year Built

1986

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Property Type: Attached Single
  • General Information: Commuter Bus, Interstate Access
  • Type Attached: Condo
  • Unit Floor Level: 3
  • Age: 26-30 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 1
  • Special Features: 20
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1986

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 5
  • Living Room: Dimensions: 14X13, On Level: Main Level, Flooring: Hardwood
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 8X7, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 11X12, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 851
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Parking Details: Off Street, Visitor Parking
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: 1 (Window/Wall Unit), 2 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Baseboard

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager On-site
  • Pet Information: No Pets
  • Assessment/Association Fees: 233
  • Assessment Includes: Heat, Water, Common Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Management Company: Forest Glen Condo Assoc

Schools

  • School District: 215
  • Junior High Dist: 158

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds

Multi Family

  • Total Number Unitsin Building: 29
  • Number Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2019
Sold by
Banks Raynold
Bought by
Banks Larry D and Reynold Banks Trust
Current Estimated Value
$102,943

Purchase Details

Closed on
May 3, 1996
Sold by
Columbia National Bank Of Chicago
Bought by
Banks Reynold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,550,000
Outstanding Balance
$999,061
Interest Rate
7.99%
Estimated Equity
-$896,118

Purchase Details

Closed on
Oct 25, 1994
Sold by
South Holland Trust & Svgs Bank
Bought by
Columbia National Bank Of Chicago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8.75%
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
Banks Larry D -- Attorney
Banks Reynold -- --
Columbia National Bank Of Chicago -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Reynold $17,550,000
Previous Owner Columbia National Bank Of Chicago $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2013 05/14/13 Sold $15,000 +7.1% $18 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
02/16/2013 02/16/13 For Sale $14,000 -- $16 / 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 $2,349 $8,171 $1,260 $6,911
2023 $1,294 $8,171 $1,260 $6,911
2022 $1,294 $5,414 $1,146 $4,268
2021 $1,316 $5,412 $1,145 $4,267
2020 $1,355 $5,412 $1,145 $4,267
2019 $0 $3,341 $1,031 $2,310
2018 $438 $4,220 $1,031 $3,189
2017 $477 $4,220 $1,031 $3,189
2016 $1,366 $4,995 $916 $4,079
2015 $1,205 $4,995 $916 $4,079
2014 $1,216 $4,995 $916 $4,079
2013 $1,862 $5,987 $916 $5,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08272473

Midwest Real Estate Data (MRED)

APN: 29-36-410-003-1001