NOT LISTED FOR SALE

2850 Elder Ln Franklin Park, IL 60131

Estimated Value: $303,785 - $353,000

3 Beds
1.5 Baths
1,100 Sq Ft
$293/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $205,500 $187 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,986/month

2 Days on Market

Highlights

  • 1.5 Car Attached Garage
  • Living Room
  • Central Air
  • East Leyden High School Rated A-
  • Laundry Room
  • 2-minute walk to Elder Lane Park

About This Home

As of July 2020

This solid brick, one owner home has tons of possibilities. Great starter home, downsizer home or investment property. It has a living/dining room and kitchen on the main floor with a step down family room. The second floor has two bedrooms and full bath. Hardwood floors on the stairs leading to the second floor as well as in the bedrooms on this level (under the carpet).Then the master suite is a few steps up to the top floor. This bedroom has a half bath attached as well as a door leading to a sun deck! New HVAC installed in 2016 and roof in 2006. The home is very clean and can be moved right into. Its also a great investment property. Flip it or rent it. The home has a fenced yard and is in a family friendly neighborhood. Just blocks from elementary and middle school and approximately a mile from the train. The previous owners raised their kids in this home and lived in it for 68 years. Its now an Estate Sale and is being sold AS IS.

Last Agent to Sell the Property

Jennifer Iaccino

@properties Christie?s International Real Estate License #475169167 Listed on: 06/18/2020

@properties Christie?s International Real Estate

Last Buyer's Agent

Gloria Zrnich

HomeSmart Connect LLC License #475142086

HomeSmart Connect LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,806

Year Built

  • Built in 1952

Lot Details

  • 3,101 Sq Ft Lot
  • Additional Parcels

Parking

  • 1.5 Car Attached Garage
  • Parking Available

Home Design

  • Split Level with Sub
  • Brick Exterior Construction

Interior Spaces

  • 1,100 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Unfinished Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,806

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level w/ Sub
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Split Level w/ Sub
  • Year Built: 1952
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished, Crawl Space, Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1100
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Yes, Garage Owned, Attached, Garage
  • ParkingTotal: 1.5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.0712
  • Lot Dimensions: 3100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2805.66
  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 13, 2020
Sold by
Wirig Matthew and Estate Of Ann Wirig
Bought by
Silva Michael and Franklin Ruby
Seller's Agent
Jennifer Iaccino
@properties Christie?s International Real Estate
Buyer's Agent
Gloria Zrnich
HomeSmart Connect LLC
List Price
$200,000
Sold Price
$205,500
Premium/Discount to List
$5,500
2.75%
Current Estimated Value
$322,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,196
Avg. Annual Appreciation
8.55%
Original Mortgage
$164,400
Interest Rate
3.25%
Mortgage Type
New Conventional
Source: Public Records
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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
Silva Michael $205,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva Michael $164,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2020 07/29/20 Sold $205,500 +2.8% $187 / Sq Ft
06/20/2020 06/20/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $200,000 -- $182 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,684 $14,705 $3,410 $11,295
2024 $3,684 $13,652 $2,790 $10,862
2023 $3,784 $13,652 $2,790 $10,862
2022 $3,784 $13,652 $2,790 $10,862
2021 $3,118 $9,538 $2,015 $7,523
2020 $1,183 $9,538 $2,015 $7,523
2019 $1,202 $10,778 $2,015 $8,763
2018 $1,403 $9,615 $1,705 $7,910
2017 $1,358 $9,615 $1,705 $7,910
2016 $1,730 $9,615 $1,705 $7,910
2015 $2,566 $8,819 $1,550 $7,269
2014 $1,830 $8,819 $1,550 $7,269
2013 $2,068 $8,819 $1,550 $7,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10751879

Midwest Real Estate Data (MRED)

APN: 12-28-227-011-0000