2783 Palm Springs Ln Aurora, IL 60502
Eola Yards NeighborhoodEstimated Value: $617,000 - $696,000
4
Beds
3.5
Baths
2,465
Sq Ft
$265/Sq Ft
Est. Value
Highlights
- Community Lake
- Property is near a park
- Whirlpool Bathtub
- Gwendolyn Brooks Elementary School Rated A
- Vaulted Ceiling
- Breakfast Room
About This Home
As of July 2022Fabulous opportunity to own a 4 bed/3.5 bath, 3-car garage with a full finished basement home in country club village. Finished basement includes Bluetooth enabled central speakers, complete home theater system, dry bar with cabinets, water sink with Cabinets, full bedroom and full bath. Convenient 2nd floor laundry!! Recent updates in past few years includes: Master bedroom custom cabinets, High Efficiency HVAC & AC, Garage doors + openers installed/replaced, Back door replaced, Storm door installed in front and rear, Refrigerator and dishwasher in the kitchen, Battery backup sump pump and radon mitigation already in place!! Roof about 10 years old. Professionally landscaped backyard with paver patio. Outdoor play set for the kids. Walking distance to district 204 Elementary & Middle school. Easy access to I-88 and minutes drive to Metra station.
Last Agent to Sell the Property
Greatways Realty Inc License #475160579 Listed on: 05/21/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,469
Year Built
- Built in 2000
Lot Details
- 10,498 Sq Ft Lot
- Lot Dimensions are 75x140
HOA Fees
- $46 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Driveway
- Parking Space is Owned
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,465 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Family Room with Fireplace
- Living Room
- Breakfast Room
- Formal Dining Room
- Unfinished Attic
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Dual Sinks
- Whirlpool Bathtub
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Finished Basement Bathroom
Schools
- Brooks Elementary School
- Granger Middle School
- Metea Valley High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- 200+ Amp Service
- Lake Michigan Water
- Cable TV Available
Additional Features
- Patio
- Property is near a park
Community Details
- Association fees include insurance
- Country Club Village Subdivision, Richmond Floorplan
- Community Lake
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2022
Closed on
Jun 18, 2022
Sold by
Ramanan Natarajan Aruna and Ramanan Shobha
Bought by
Ramachandran Madhu and Ravichandran Lakshmipriya
Seller's Agent
Snehal Patel
Greatways Realty Inc
Buyer's Agent
Suma Prasad
Property Economics Inc.
List Price
$535,000
Sold Price
$551,000
Premium/Discount to List
$16,000
2.99%
Total Days on Market
1
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
$102,302
Avg. Annual Appreciation
6.01%
Original Mortgage
$523,450
Outstanding Balance
$497,187
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$156,115
Purchase Details
Closed on
Jun 20, 2017
Sold by
Merchant Anju M and Merchant Bo
Bought by
Natarajan Arun Ramanan and Poruran Shobha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,400
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 24, 2003
Sold by
Merchant Anjum and Merchant Bo
Bought by
Merchant Anjum and Merchant Bo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 30, 2003
Sold by
Hutcheson Ted A and Hutcheson Kathryn A
Bought by
Merchant Anjum and Merchant Bo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 6, 2000
Sold by
Pulte Home Corp
Bought by
Hutchenson Ted A and Hutchenson Kathryn A
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
7.96%
Similar Homes in Aurora, IL
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 |
|---|---|---|---|
| Ramachandran Madhu | $551,000 | Altima Title | |
| Natarajan Arun Ramanan | -- | First American Title | |
| Merchant Anjum | -- | Multiple | |
| Merchant Anjum | $374,500 | Ticor Title Insurance Compan | |
| Hutchenson Ted A | $302,500 | First American Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramachandran Madhu | $523,450 | |
| Previous Owner | Natarajan Aruna Ramanan | $273,000 | |
| Previous Owner | Natarajan Aruna Ramanan | $280,000 | |
| Previous Owner | Natarajan Arun Ramanan | $316,400 | |
| Previous Owner | Merchant Anjum | $237,533 | |
| Previous Owner | Merchant Anjum | $60,000 | |
| Previous Owner | Merchant Anjum | $50,000 | |
| Previous Owner | Merchant Anjum | $262,000 | |
| Previous Owner | Hutcheson Ted A | $127,000 | |
| Previous Owner | Hutchenson Ted A | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2022 07/11/22 | Sold | $551,000 | +5.0% | $224 / Sq Ft |
| 05/23/2022 05/23/22 | Pending | -- | -- | -- |
| 05/21/2022 05/21/22 | Price Changed | $525,000 | -1.9% | $213 / Sq Ft |
| 05/21/2022 05/21/22 | For Sale | $535,000 | -- | $217 / 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 |
|---|---|---|---|---|
| 2023 | $12,497 | $161,770 | $31,960 | $129,810 |
| 2022 | $11,775 | $146,420 | $30,100 | $116,320 |
| 2021 | $11,469 | $141,200 | $29,030 | $112,170 |
| 2020 | $11,610 | $141,200 | $29,030 | $112,170 |
| 2019 | $11,208 | $134,300 | $27,610 | $106,690 |
| 2018 | $11,511 | $136,330 | $27,790 | $108,540 |
| 2017 | $11,326 | $131,710 | $26,850 | $104,860 |
| 2016 | $11,133 | $126,400 | $25,770 | $100,630 |
| 2015 | $11,029 | $120,020 | $24,470 | $95,550 |
| 2014 | $10,753 | $113,920 | $23,040 | $90,880 |
| 2013 | $10,640 | $114,710 | $23,200 | $91,510 |
Source: Public Records
Agents Affiliated with this Home
-
Snehal Patel
Seller's Agent in 2022
Snehal Patel
Greatways Realty Inc
(847) 942-2393
4 in this area
54 Total Sales
-
Pramod Zacharias
Seller Co-Listing Agent in 2022
Pramod Zacharias
Greatways Realty Inc
(630) 464-4464
2 in this area
33 Total Sales
-
Suma Prasad
Buyer's Agent in 2022
Suma Prasad
Property Economics Inc.
(630) 677-5957
8 in this area
95 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11411528
APN: 07-18-200-016
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