NOT LISTED FOR SALE

3227 N Panama Ave Chicago, IL 60634

Belmont Terrace Neighborhood

Estimated Value: $573,000 - $626,000

4 Beds
3.5 Baths
3,360 Sq Ft
$180/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $520,000 $155 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,915/month

8 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Georgian Architecture
  • Double Oven
  • Recreation Room
  • Home Office
  • Stainless Steel Appliances

About This Home

As of April 2024

SPECTACULAR CONTEMPORARY DESIGN AT THIS 3360 SQ FT, FOUR BEDROOM, THREE AND A HALF BATHROOM RESIDENCE. IT'S SITUATED ON AN OVERSIZED 35' LOT ON A TREE LINED STREET IN FAR NORTHWEST CHICAGO. THE HOME FEATURES SIGNIFICANT RECENT RENOVATION TO THE EXTERIOR AND INTERIOR SPACE. THE FRONT ENTRY HAS A GENEROUS SIZED LIVING ROOM/DINING ROOM COMBO. THERE IS A RENOVATED KITCHEN WITH ATTENTION TO EVERY DETAIL INCLUDING QUARTZ COUNTERTOPS, WHITE CABINETRY, FARMHOUSE SINK, AND STAINLESS STEEL APPLIANCES. THE EATING AREA WITH SERVING BAR AND WINE CLOSET OPENS TO A HUGE FAMILY ROOM WITH A MEDIA WALL, LED FIREPLACE AND SURROUND SOUND SYSTEM. GREAT FOR ENTERTAINING! THERE ARE THREE BEDROOMS AND TWO BATHROOMS ON THE SECOND LEVEL (DOUBLE PRIMARY SUITE OPTION) AND AN ADDITIONAL PRIMARY SUITE ON THE THIRD LEVEL WHICH INCLUDES ANOTHER FULL LUXURY BATHROOM AND WALK-IN CLOSET. FULL FINISHED BASEMENT TOO, FOR EXTRA SPACE/STORAGE NEEDS. THE PLUSH REAR YARD SPACE WITH A 2.5 CAR GARAGE AND ADDITIONAL FENCED PARKING SPACE IS ENCLOSED BY NEWER WHITE FENCING AND INCLUDES A CUSTOM PATIO WITH OUTDOOR GRILL. OTHER FEATURES INCLUDE TWO HVAC SYSTEMS, 200 AMP ELECTRIC, AND NEWER WINDOWS TOO. THIS HOME IS A CUT ABOVE!

Last Agent to Sell the Property

George Ristau

Weichert, Realtors - All Pro License #471003303 Listed on: 03/12/2024

Weichert, Realtors - All Pro

Co-Listed By

Michael Ristau

Weichert, Realtors - All Pro License #471003302

Last Buyer's Agent

David Betancourt

Redfin Corporation License #475189417

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,500

Year Built

  • Built in 1943 | Remodeled in 2017

Lot Details

  • 4,312 Sq Ft Lot
  • Lot Dimensions are 35x125

Parking

  • 2.5 Car Detached Garage
  • Off Alley Driveway
  • Parking Included in Price

Home Design

  • Georgian Architecture

Interior Spaces

  • 3,360 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Home Office
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Grill

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,500

Year Built

Built in 1943 | Remodeled in 2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Georgian
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1943
  • Age: 81-90 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): Yes
  • Rehab Year: 2017
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2017

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 2
  • LivingArea: 3360
  • Room Type: Office, Recreation Room, Eating Area
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Master Bedroom
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Outdoor Grill
  • List Price: 550000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Driveway: Off Alley
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.099
  • Lot Dimensions: 35X125
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 6499.88
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Apr 17, 2024
Sold by
Sebatu Lissa
Bought by
Cisek Barbara
Seller's Agent
George Ristau
Weichert, Realtors - All Pro
Buyer's Agent
David Betancourt
Redfin Corporation
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
260
Current Estimated Value
$605,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,415
Avg. Annual Appreciation
10.94%
Original Mortgage
$468,000
Outstanding Balance
$462,682
Interest Rate
7.62%
Mortgage Type
New Conventional
Estimated Equity
$136,167

Purchase Details

Listed on
Jun 25, 2022
Closed on
Jul 29, 2022
Sold by
Carrion Sandra and Carrion Omar
Bought by
Sebatu Lissa
Seller's Agent
Emmanuel Nevarez
Midwest SignatureProperties Co
Buyer's Agent
Brant Sichko
Baird & Warner
List Price
$569,900
Sold Price
$555,000
Premium/Discount to List
-$14,900
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.72%

Purchase Details

Closed on
Sep 12, 2017
Sold by
Mcgovern Gary R and Mcgovern Kelly M
Bought by
Carrion Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2005
Sold by
Parkway Bank & Trust Co
Bought by
Mcgovern Gary R and Mcgovern Kelly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.13%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 15, 1998
Sold by
Manges Maureen
Bought by
Parkway Bank & Trust Company and Trust #11985

Purchase Details

Closed on
Nov 19, 1997
Sold by
Midwest Trust Services Inc
Bought by
Manges Maureen
Source: Public Records

Range of Values:

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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
Cisek Barbara $520,000 None Listed On Document
Sebatu Lissa $555,000 Carrington Title Partners
Carrion Sandra $450,000 Citywide Title Corporation
Mcgovern Gary R $420,000 Attorneys Title Guaranty Fun
Parkway Bank & Trust Company -- --
Manges Maureen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisek Barbara $468,000
Previous Owner Carrion Sandra $360,000
Previous Owner Mcgovern Gary R $50,000
Previous Owner Mcgovern Gary R $240,687
Previous Owner Mcgovern Gary R $255,000
Previous Owner Mcgovern Gary R $96,500
Previous Owner Mcgovern Gary R $240,000
Previous Owner Parkway Bank & Trust Company $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Sold $520,000 -5.5% $155 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $550,000 -0.9% $164 / Sq Ft
07/29/2022 07/29/22 Sold $555,000 -2.6% $165 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $569,900 -- $170 / 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 $7,390 $54,000 $10,780 $43,220
2023 $6,500 $35,000 $8,624 $26,376
2022 $6,500 $35,000 $8,624 $26,376
2021 $6,373 $35,004 $8,628 $26,376
2020 $7,959 $38,808 $5,390 $33,418
2019 $7,979 $43,120 $5,390 $37,730
2018 $8,523 $43,120 $5,390 $37,730
2017 $7,013 $35,937 $4,743 $31,194
2016 $6,701 $35,937 $4,743 $31,194
2015 $6,108 $35,937 $4,743 $31,194
2014 $6,451 $37,313 $4,312 $33,001
2013 $6,313 $37,313 $4,312 $33,001
Source: Public Records

Agents Affiliated with this Home

  • George Ristau

    Seller's Agent in 2024

    George Ristau

    Weichert, Realtors - All Pro

    (708) 205-3868

    2 in this area

    204 Total Sales

    George Ristau
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Michael Ristau

    Weichert, Realtors - All Pro

    (708) 935-5667

    1 in this area

    73 Total Sales

    Michael Ristau
    Section Image
  • Emmanuel Nevarez

    Seller's Agent in 2022

    Emmanuel Nevarez

    Midwest SignatureProperties Co

    (708) 712-1632

    1 in this area

    209 Total Sales

    Emmanuel Nevarez
    Section Image
  • Fernando Rivera

    Seller Co-Listing Agent in 2022

    Fernando Rivera

    Extreme Realty LLC

    (708) 821-5304

    1 in this area

    12 Total Sales

    Fernando Rivera
    Section Image
  • Brant Sichko

    Buyer's Agent in 2022

    Brant Sichko

    Baird Warner

    (773) 867-9284

    1 in this area

    134 Total Sales

    Brant Sichko
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12002054

Midwest Real Estate Data (MRED)

APN: 12-23-429-091-0000

Illinois Cook County Chicago 60634 Belmont Terrace

3227 N Panama Ave, Chicago, IL

This home is located at 3227 N Panama Ave, Chicago, IL 60634 since 12 March 2024 and is currently estimated at $605,415, approximately $180 per square foot. This property was built in 1943. 3227 N Panama Ave is a home located in Cook County with nearby schools including Canty Elementary School, Steinmetz College Prep, and St. Francis Borgia School.

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