NOT LISTED FOR SALE

2744 Elder Ln Unit 2 Franklin Park, IL 60131

Estimated Value: $294,000 - $364,000

2 Beds
1 Bath
1,263 Sq Ft
$256/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $217,000 $172 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,196/month

365 Days on Market

Highlights

  • Cape Cod Architecture
  • Fenced Yard
  • Property is near bus stop
  • East Leyden High School Rated A-
  • Galley Kitchen
  • 4-minute walk to Elder Lane Park

About This Home

As of August 2020

Very well kept 2 bedroom, 1 bath home. Living Room and separate Dining Room. Kitchen and Bath have been updated. Large Finished Basement. Newly Vinyl Sided last year. Nice yard with shed. Concrete driveway.

Last Agent to Sell the Property

Joanne Metz

Weichert, Realtors - All Pro License #475102563 Listed on: 07/02/2019

Weichert, Realtors - All Pro

Last Buyer's Agent

Orlando Rodriguez

Realty of America, LLC License #475152946

Realty of America, LLC

Home Details

Home Type

  • Single Family

Year Built

  • 1941

Lot Details

  • 5,663

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Fenced Yard
  • Property is near bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $6,000 Seller Concession

Home Details

Home Type

Single Family

Year Built

1941

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train
  • Age: 71-80 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Cape Cod
  • Type Detached: 1.5 Story
  • Estimated Year Built: 1941
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1941

Interior Features

  • Number Of Rooms: 6
  • Living Room: Dimensions: 10X14, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 10X9, On Level: Basement, Flooring: Carpet, Windows: None
  • Dining Room: Dimensions: 10X12, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Kitchen Type: Dimensions: 9X10, On Level: Main Level, Flooring: Wood Laminate, Windows: All
  • Kitchen Type: Galley
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 10X12, On Level: Main Level, Flooring: Wood Laminate, Windows: All
  • Bedroom 2: Dimensions: 15X15, On Level: 2nd Level, Flooring: Other
  • Estimated Sq Ft: 1263
  • Dining Room Type: Separate
  • Family Room: Dimensions: 10X20, On Level: Basement, Flooring: Other, Windows: None

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.1355

Garage/Parking

  • Driveway: Concrete

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • Junior High Dist: 84

Lot Info

  • Lot Dimensions: 56 X 127 X 46 X 127
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 12284040290000

Tax Info

  • Taxes: 5647.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Aug 6, 2020
Sold by
Hinnawi Mouhamad
Bought by
Salgado Jonathan
Seller's Agent
Joanne Metz
Weichert, Realtors - All Pro
Buyer's Agent
Orlando Rodriguez
Realty of America, LLC
List Price
$269,900
Sold Price
$217,000
Premium/Discount to List
-$52,900
-19.6%
Current Estimated Value
$325,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,456
Avg. Annual Appreciation
7.60%
Original Mortgage
$213,069
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 20, 2013
Closed on
Jul 25, 2013
Sold by
Ibsen Urbano Jesus Medico and Ibsen Lara
Bought by
Hinnawi Mouhamad
Seller's Agent
Erica McClain
HomeSmart Connect LLC
Buyer's Agent
Joanne Metz
Weichert, Realtors - All Pro
List Price
$115,000
Sold Price
$100,000
Premium/Discount to List
-$15,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$98,188
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2013
Sold by
Medico Lara Ibsen and Medico Urbano Jesus
Bought by
Urbano Jesus Medico

Purchase Details

Closed on
Jan 4, 2011
Sold by
Ibsen Lara John and Ibsen Lara
Bought by
Medico Lara Ibsen and Medico Urbano Jesus

Purchase Details

Closed on
Nov 23, 2010
Sold by
Higgins Eileen Anne
Bought by
Ibsen Lara John and Ibsen Lara
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
Salgado Jonathan $217,000 First American Title
Hinnawi Mouhamad $100,000 Near North National Title
Urbano Jesus Medico -- Chicago Title Insurance Comp
Medico Lara Ibsen $15,000 None Available
Ibsen Lara John $56,000 Pt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salgado Jonathan $213,069
Previous Owner Hinnawi Mouhamad $98,188
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2020 08/06/20 Sold $217,000 -3.6% $172 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
12/06/2019 12/06/19 Price Changed $225,000 -5.9% $178 / Sq Ft
10/23/2019 10/23/19 Price Changed $239,000 -8.0% $189 / Sq Ft
07/26/2019 07/26/19 Price Changed $259,900 -3.7% $206 / Sq Ft
07/02/2019 07/02/19 For Sale $269,900 +169.9% $214 / Sq Ft
08/21/2013 08/21/13 Sold $100,000 -4.8% $79 / Sq Ft View Prior Sale
05/24/2013 05/24/13 Pending -- -- --
05/13/2013 05/13/13 Price Changed $105,000 -7.1% $83 / Sq Ft
04/24/2013 04/24/13 Price Changed $113,000 -1.7% $89 / Sq Ft
03/19/2013 03/19/13 For Sale $115,000 -- $91 / 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 $26,000 $5,311 $20,689
2024 $5,957 $23,000 $4,426 $18,574
2023 $6,141 $23,000 $4,426 $18,574
2022 $6,141 $23,000 $4,426 $18,574
2021 $6,428 $16,428 $3,540 $12,888
2020 $4,963 $16,428 $3,540 $12,888
2019 $5,170 $18,501 $3,540 $14,961
2018 $5,647 $17,626 $2,950 $14,676
2017 $5,588 $17,626 $2,950 $14,676
2016 $5,523 $17,626 $2,950 $14,676
2015 $6,080 $15,747 $2,655 $13,092
2014 $5,926 $15,747 $2,655 $13,092
2013 $4,567 $15,747 $2,655 $13,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10438489

Midwest Real Estate Data (MRED)

APN: 12-28-404-029-0000