Seller's Agent in 2023
Michael Loiacono
Royce Group Real Estate Co.
(630) 267-0844
57 Total Sales
Estimated Value: $1,075,528
2.95
Acres
$364,586
Price per Acre
128,502
Sq Ft Lot
About This Lot
As of December 2023ALMOST 3 ACRES OFF SUMMIT AVE (RT.58) FOR POTENTIAL REDEVELOPMENT. FREESTANDING 8,438 S.F. GENERAL OFFICE / MEDICAL SPACE BUILDING. SOLID BRICK CONSTRUCTION BUILT IN 1988. AB ZONING (AREA BUISNESS) WITH OTHER POTENTIAL USES. ELEVATOR BUILDING. BUILDING BROKEN DOWN INTO 2 LOWER-LEVEL UNITS AND 2 UPPER-LEVEL UNITS (APPROX 2,000 S.F. EACH) WITH SPERATED UTILITIES BUT COULD BE EASILY COMBINED. UNITS HAVE A MIX OF INDIVIDUAL OFFICES AND COLLABORATIVE SPACES AND WOULD MAKE A GREAT COWORKING SPACE FOR THE INVESTOR. COMMON AREA ADA APPROVED WASHROOMS ON EACH LEVEL. PLENTY OF PARKING. TAXES REFLECT NON FOR PROFIT STATUS OWNERSHIP. 5 PINS INLCUDED IN THIS SALE.
Last Agent to Sell the Property
Royce Group Real Estate Co. License #471005414 Listed on: 04/05/2023
Property Details
Property Type
- Land
Lot Details
- 2.95 Acre Lot
- Lot Dimensions are 398 x 311
- Additional Parcels
- Property is zoned COMMR
Utilities
- Electricity To Lot Line
- Gas Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2023
Closed on
Dec 27, 2023
Sold by
Ecker Center For Mental Health Inc
Bought by
Apostalic Church Nw Suburb Schaumburg
Seller's Agent
Michael Loiacono
Royce Group Real Estate Co.
Buyer's Agent
Bertha Alvarado
A squared Realty LLC
List Price
$979,000
Sold Price
$900,000
Premium/Discount to List
-$79,000
-8.07%
Views
138
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
$175,528
Avg. Annual Appreciation
10.65%
Original Mortgage
$675,000
Outstanding Balance
$664,240
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$411,288
Purchase Details
Closed on
Jun 4, 1999
Sold by
Northside Community Bank
Bought by
Renz Addiction Counseling Center
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 23, 1997
Sold by
Firstar Bank Illinois
Bought by
Northside Community Bank and Trust #9713
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 26, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
First Colonial Trust Co
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 |
|---|---|---|---|
| Apostalic Church Nw Suburb Schaumburg | $900,000 | None Listed On Document | |
| Renz Addiction Counseling Center | -- | First American Title | |
| Northside Community Bank | -- | -- | |
| First Colonial Trust Co | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Apostalic Church Nw Suburb Schaumburg | $675,000 | |
| Previous Owner | Renz Addiction Counseling Center | $470,000 | |
| Previous Owner | Northside Community Bank | $630,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2023 12/27/23 | Sold | $900,000 | -8.1% | $103 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 04/05/2023 04/05/23 | For Sale | $979,000 | -- | $112 / 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 | -- | -- | -- | -- |
| 2023 | -- | -- | -- | -- |
| 2022 | -- | -- | -- | -- |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | $0 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Loiacono
-
Bertha Alvarado
Buyer's Agent in 2023
Bertha Alvarado
A squared Realty LLC
(847) 622-5115
64 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11752144
APN: 06-07-302-067-0000
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