NOT LISTED FOR SALE

20000 Governors Hwy Olympia Fields, IL 60461

Estimated Value: $61,281

2.23 Acres
$27,480 Price per Acre
97,139 Sq Ft Lot

Last Sold June 21, 2021

Last sale price $50,000

Est. 23% increase in value since last sale

Current estimated payment $385/month

232 Days on Market

About This Lot

As of June 2021

301X309 square foot commercial/PUD lot. Total square feet 97,574, or 2.24 of an acres. Lot is right next to Olympia Fields Village Hall and Police Headquarters, and surrounded by large national bank and retail development. Property was part of a larger PUD that was not completed. Zoning provides flexible options: commercial, retail, Mixed-Use or residential. Access property from two different streets. Centrally located and just minutes from I-294, I-80 & I-57. "Corporate Owned" sold "AS-IS WHERE IS" Taxes prorated at 100%. Seller provides no survey, inspection report or disclosures. Title will be conveyed via special warranty deed. Proof of funds required for all offers. EM must be certified funds. Priced for a very fast sale.

Last Agent to Sell the Property

Petro Escobar

Interstate Team Realty LLC License #471014839 Listed on: 10/09/2020

Last Buyer's Agent

Petro Escobar

Interstate Team Realty LLC License #471014839 Listed on: 10/09/2020

Property Details

Property Type

  • Land

Lot Details

  • 2.23 Acre Lot
  • Lot Dimensions are 309x301
  • Property is zoned COMMR

Outdoor Features

  • Electricity Available at Street

Utilities

  • Electricity To Lot Line
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Development
  • Road Surface Type: Asphalt, Concrete
  • General Information: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Office and Research, Development, Multi-Family, Retail
  • Basement Description: None

Exterior Features

  • Frontage Length: 309
  • Frontage Type: City Street
  • List Price: 69999
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric Nearby, Electric to Site, Gas Nearby, Water-Community

Schools

  • Middle/Junior School District: 227

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 2.23
  • Lot Dimensions: 309X301
  • Zoning: COMMR
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 97574
  • Land Description: Cleared,Level,Walk-out
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 19189
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jun 21, 2021
Sold by
Mb979 Llc
Bought by
The Village Of Olympia Fields
Seller's Agent
Petro Escobar
Interstate Team Realty LLC
Buyer's Agent
Petro Escobar
Interstate Team Realty LLC
List Price
$69,999
Sold Price
$50,000
Premium/Discount to List
-$19,999
-28.57%
Current Estimated Value
$61,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,281
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
Mar 20, 2015
Sold by
Ag United Investors Lp
Bought by
Mb Financial Na

Purchase Details

Closed on
Mar 9, 2015
Sold by
Mb Financial Bank Na
Bought by
Mb797 Llc

Purchase Details

Closed on
Jun 7, 2000
Sold by
Desouza Roberto
Bought by
Broadway Bank

Purchase Details

Closed on
Jan 30, 1996
Sold by
Western Springs National Bank & Trust
Bought by
Desouza Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,525,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Village Of Olympia Fields $50,000 Chicago Title
Mb Financial Na -- None Available
Mb797 Llc -- None Available
Broadway Bank -- Chicago Title Insurance Co
Desouza Roberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desouza Roberto $2,525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2021 06/21/21 Sold $50,000 -28.6% --
05/28/2021 05/28/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $69,999 0.0% --
03/02/2021 03/02/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $69,999 -- --
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 $24,765 -- -- --
2023 $24,765 -- -- --
2022 $24,765 $43,943 $43,943 --
2021 $24,765 $43,942 $43,942 $0
2020 $22,637 $43,942 $43,942 $0
2019 $19,189 $36,618 $36,618 $0
2018 $19,053 $36,618 $36,618 $0
2017 $18,419 $36,618 $36,618 $0
2016 $22,066 $43,942 $43,942 $0
2015 $21,995 $43,942 $43,942 $0
2014 $21,498 $43,942 $43,942 $0
2013 $15,253 $34,177 $34,177 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10897019

Midwest Real Estate Data (MRED)

APN: 31-14-200-019-0000