NOT LISTED FOR SALE

2905 Chelsea Cir Olympia Fields, IL 60461

Estimated Value: $258,000 - $355,000

4 Beds
4 Baths
3,000 Sq Ft
$107/Sq Ft Est. Value

Last Sold May 04, 2016

Last sale price $165,000 $55 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,020/month

202 Days on Market

Highlights

  • Vaulted Ceiling
  • Circular Driveway
  • Attached Garage
  • Wood Flooring
  • Skylights
  • In-Law or Guest Suite

About This Home

As of May 2016

Fab Ranch with loads of space! Generous room sizes, formal dining and sitting room, eat in kitchen and more. Inlaw suite includes extra family room, bed and bath, wet bar and separate access to kitchen. Kitchen features in counter grill, and newly finished Corian countertops. Short sale in process. Bring your cosmetic ideas. Needs updates.

Last Agent to Sell the Property

Danicka Brown

@properties Christie's International Real Estate Listed on: 07/30/2015

Last Buyer's Agent

Johnnie Martin

JMAR Realty Group License #471013252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,854

Year Built

  • 1976

Lot Details

  • 0.35

Parking

  • Attached Garage
  • Parking Available
  • Circular Driveway
  • Brick Driveway
  • Off-Street Parking
  • Parking Space is Owned
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite

Location

  • Property is near a bus stop

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,854

Year Built

1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Age: 31-40 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Type Detached: 1 Story
  • Estimated Year Built: 1976
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 1976

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, In-Law Arrangement, 1st Floor Laundry
  • Number Of Rooms: 8
  • Living Room: Dimensions: 25X15, On Level: Main Level
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 10X5, On Level: Main Level
  • Dining Room: Dimensions: 15X12, On Level: Main Level
  • Kitchen Type: Dimensions: 17X12, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 21X23, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 13X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 10X13, On Level: Main Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 12X14, On Level: Main Level
  • Estimated Sq Ft: 3000
  • Family Room: Dimensions: 20X20, On Level: Main Level

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 12
  • Parking: Garage, Space/s
  • Parking Details: Off Street
  • Number Parking Spaces: 10
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Brick, Circular
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 227
  • Junior High Dist: 162

Lot Info

  • Lot Dimensions: 15,100
  • Parcel Identification Number: 31241010330000

Tax Info

  • Taxes: 7729.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2015
Closed on
May 3, 2016
Sold by
Foster Martha A
Bought by
Menbere Besrat and Tareke Liknesh
Seller's Agent
Danicka Brown
@properties Christie's International Real Estate
Buyer's Agent
Johnnie Martin
JMAR Realty Group
List Price
$275,000
Sold Price
$165,000
Premium/Discount to List
-$110,000
-40%
Total Days on Market
202
Current Estimated Value
$320,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,406
Avg. Annual Appreciation
8.35%
Original Mortgage
$132,000
Outstanding Balance
$111,279
Interest Rate
4.87%
Mortgage Type
New Conventional
Estimated Equity
$230,379

Purchase Details

Closed on
Aug 4, 2000
Sold by
Chuman Kathy
Bought by
Foster Martha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.16%

Purchase Details

Closed on
Jan 21, 1997
Sold by
Chuman Frank J
Bought by
Chuman Kathy

Purchase Details

Closed on
Nov 2, 1995
Sold by
Chuman Frank J and Chuman Zinka M
Bought by
Chuman Frank J and Chuman Zinka M
Source: Public Records

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Range of Values:

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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
Menbere Besrat $165,000 First American Title
Foster Martha A $240,000 --
Chuman Kathy -- --
Chuman Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menbere Besrat $132,000
Previous Owner Foster Martha $199,686
Previous Owner Foster Martha A $55,000
Previous Owner Foster Martha A $221,500
Previous Owner Foster Martha A $25,000
Previous Owner Foster Martha A $220,685
Previous Owner Foster Martha A $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2016 05/04/16 Sold $165,000 -5.7% $55 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
01/06/2016 01/06/16 Price Changed $175,000 -23.9% $58 / Sq Ft
11/13/2015 11/13/15 Price Changed $230,000 -8.0% $77 / Sq Ft
09/01/2015 09/01/15 Price Changed $250,000 -9.1% $83 / Sq Ft
07/30/2015 07/30/15 For Sale $275,000 -- $92 / 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 $12,854 $25,000 $8,305 $16,695
2023 $12,854 $25,000 $8,305 $16,695
2022 $12,854 $22,635 $7,173 $15,462
2021 $12,755 $22,633 $7,172 $15,461
2020 $11,660 $22,633 $7,172 $15,461
2019 $11,217 $21,405 $6,417 $14,988
2018 $11,138 $21,405 $6,417 $14,988
2017 $10,767 $21,405 $6,417 $14,988
2016 $7,969 $18,367 $5,662 $12,705
2015 $7,881 $18,367 $5,662 $12,705
2014 $7,729 $18,367 $5,662 $12,705
2013 $8,005 $20,567 $5,662 $14,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08997658

Midwest Real Estate Data (MRED)

APN: 31-24-101-033-0000