NOT LISTED FOR SALE

2737 Elder Ln Franklin Park, IL 60131

Estimated Value: $306,000 - $350,000

3 Beds
2 Baths
1,260 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $117,000 $93 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $2,238/month

61 Days on Market

Highlights

  • Cape Cod Architecture
  • Recreation Room
  • 1.5 Car Detached Garage
  • East Leyden High School Rated A-
  • Main Floor Bedroom
  • 4-minute walk to Elder Lane Park

About This Home

As of April 2012

Long time owner sad to sell the family home. Very well maintained. Second floor master bedroom suite has full bath. Hardwood floors underneath main floor carpet. Finished rec room in basement. Oversized 1.5 car garage has workroom. Roof & furnace approx 10 yrs. All windows replaced except one. Not a short sale or foreclosure. Quick close possible.

Last Agent to Sell the Property

Donna Raven

RE/MAX City License #475103894 Listed on: 01/06/2012

RE/MAX City

Last Buyer's Agent

Robert Raven

Re/Max 1st

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,350

Year Built

  • Built in 1944

Lot Details

  • Lot Dimensions are 45 x 124.72
  • Paved or Partially Paved Lot

Parking

  • 1.5 Car Detached Garage
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,260 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Air Purifier

Schools

  • Pietrini Elementary School
  • Hester Junior High School
  • East Leyden High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,350

Year Built

Built in 1944

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1944
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: First Floor Bedroom, First Floor Full Bath
  • LivingArea: 1260
  • Other Equipment: Ceiling Fan(s), Air Purifier
  • Room Type: Recreation Room
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: PIETRINI ELEMENTARY SCHOOL
  • High School: EAST LEYDEN HIGH SCHOOL
  • Middle/Junior School: HESTER JUNIOR HIGH SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 45 X 124.72
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4350.27
  • Tax Year: 2010
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2012
Closed on
Apr 19, 2012
Sold by
Hanley Donna K
Bought by
Falcone Michael K and Gilman Katie L
Seller's Agent
Donna Raven
RE/MAX City
Buyer's Agent
Robert Raven
Re/Max 1st
List Price
$127,000
Sold Price
$117,000
Premium/Discount to List
-$10,000
-7.87%
Current Estimated Value
$333,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,429
Avg. Annual Appreciation
7.93%
Original Mortgage
$114,034
Outstanding Balance
$78,616
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$254,077

Purchase Details

Closed on
Aug 20, 2009
Sold by
Lohrmann Irene N
Bought by
Lohrmann Irene N and Irene N Lohrmann Living Trust

Purchase Details

Closed on
Feb 29, 2000
Sold by
Lohrmann Elmer W and Lohrmann Irene N
Bought by
Lohrmann Elmer W and Lohrmann Irene N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Falcone Michael K $117,000 Old Republic National Title
Lohrmann Irene N -- None Available
Lohrmann Elmer W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcone Michael K $114,034
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2012 04/27/12 Sold $117,000 -6.3% $93 / Sq Ft
03/07/2012 03/07/12 Pending -- -- --
03/05/2012 03/05/12 Price Changed $124,900 -1.7% $99 / Sq Ft
02/04/2012 02/04/12 For Sale $127,000 0.0% $101 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $127,000 -- $101 / 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
2025 $5,957 $29,000 $5,103 $23,897
2024 $5,957 $23,001 $4,253 $18,748
2023 $6,141 $23,001 $4,253 $18,748
2022 $6,141 $23,001 $4,253 $18,748
2021 $5,641 $17,747 $3,402 $14,345
2020 $5,455 $17,747 $3,402 $14,345
2019 $5,679 $19,986 $3,402 $16,584
2018 $5,307 $16,771 $2,835 $13,936
2017 $5,252 $16,771 $2,835 $13,936
2016 $6,003 $18,943 $2,835 $16,108
2015 $3,505 $11,700 $2,551 $9,149
2014 $3,437 $11,700 $2,551 $9,149
2013 $3,158 $11,700 $2,551 $9,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 07970146

Midwest Real Estate Data (MRED)

APN: 12-28-407-017-0000