NOT LISTED FOR SALE

Estimated Value: $519,000 - $623,000

7 Beds
3 Baths
2,941 Sq Ft
$199/Sq Ft Est. Value

Last Sold March 02, 2016

Last sale price $350,000 $119 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,423/month

18 Days on Market

Highlights

  • Wooded Lot
  • 3-minute walk to Highwood Station
  • 4 Car Attached Garage
  • Wayne Thomas Elementary School Rated A
  • Enclosed patio or porch
  • 3-minute walk to Everts Park

About This Home

As of March 2016

Fabulous location just steps to downtown Highwood. 2 buildings with 3 total rental units plus 4-car tandem heated garage below 3rd unit in 2nd building. All occupied by long-time people renting month-to-month. Rents could be higher. Building exterior recently painted. Units in very good condition. Most with hardwood floors. 1st floor of 1st building includes large updated eat-in kitchen, living room, 2 bedrooms, office/den, 1 bath & front room. 2nd floor unit in 1st building has 2 bedrooms (owners planning to build an additional closet), bath, living room & kitchen. Back building with 3 bedrooms, 1 bath, attractive living room, eat-in kitchen with newer maple cabinets, 2 staircases (one with generous "porch" at top of stairs) plus use of the 4-car tandem garage. Generous off-road parking space. Lot is exceptionally large for the area. Separate utilities. Forced air heat front building & hot water heat back building. Zoned R3 Duplex. Property is legal-nonconforming

Last Agent to Sell the Property

Cory Albiani

@properties Christie's International Real Estate License #475124356 Listed on: 11/05/2015

@properties Christie's International Real Estate

Co-Listed By

Coral Ackerman

@properties Christie's International Real Estate License #475124308

Last Buyer's Agent

Ken Snedegar

Redfin Corporation License #475100706

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,084

Year Built

  • Built in 1930

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 78.80 x198.55 x 78.80 x 20
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Block Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Enclosed patio or porch

Schools

  • Oak Terrace Elementary School
  • Northwood Junior High School
  • Highland Park High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,084

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Block
  • List Price: 370000
  • Lot Features: Wooded
  • Waterfront: No
  • Exterior Building Type: Brick,Other

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Unassigned
  • ParkingTotal: 10
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s), Sep Heating Systems - 2+
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: OAK TERRACE ELEMENTARY SCHOOL
  • High School: HIGHLAND PARK HIGH SCHOOL
  • Middle/Junior School: NORTHWOOD JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 112

Lot Info

  • Lot Size Acres: 0.35
  • Lot Dimensions: 78.80 X198.55 X 78.80 X 20
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10084
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2015
Closed on
Feb 22, 2016
Sold by
Lapalto Capital Llc
Bought by
Guerrero Jorge A
Seller's Agent
Cory Albiani
@properties Christie's International Real Estate
Buyer's Agent
Ken Snedegar
Redfin Corporation
List Price
$370,000
Sold Price
$350,000
Premium/Discount to List
-$20,000
-5.41%
Current Estimated Value
$579,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,915
Avg. Annual Appreciation
5.27%
Original Mortgage
$35,000
Interest Rate
6.28%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 17, 2013
Sold by
Pasquesi Laurence C and Pasquesi Robert L
Bought by
Lapalto Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
3.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2004
Sold by
Pasquesi Carl
Bought by
Pasquesi Carl and Carl Pasquesi Living Trust
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
Guerrero Jorge A $350,000 Greater Metropolitan Title L
Lapalto Capital Llc $275,000 St
Pasquesi Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Jorge A $273,000
Closed Guerrero Jorge A $35,000
Closed Guerrero Jorge A $280,000
Previous Owner Lapalto Capital Llc $125,000
Previous Owner Pasquesi Laurence C $224,000
Previous Owner Pasquesi George L $275,000
Previous Owner Pasquesi Laurence C $275,000
Previous Owner Pasquesi Carl $200,000
Previous Owner Pasquesi Carl $200,000
Previous Owner Pasquesi Carl $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2016 03/02/16 Sold $350,000 -5.4% $119 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
11/05/2015 11/05/15 For Sale $370,000 -- $126 / 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 $14,971 $196,248 $49,842 $146,406
2023 $12,204 $176,896 $44,927 $131,969
2022 $12,204 $140,299 $49,355 $90,944
2021 $11,306 $135,620 $47,709 $87,911
2020 $11,043 $135,620 $47,709 $87,911
2019 $10,713 $134,986 $47,486 $87,500
2018 $8,929 $117,332 $52,816 $64,516
2017 $8,825 $116,655 $52,511 $64,144
2016 $10,051 $131,512 $49,991 $81,521
2015 $9,929 $130,987 $46,447 $84,540
2014 $9,362 $123,049 $43,599 $79,450
2012 $9,132 $117,481 $43,853 $73,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09080494

Midwest Real Estate Data (MRED)

APN: 16-15-412-020