$70,000
SOLD OCT 10, 2017

324 George Ave Waukegan, IL 60085

3 Beds
2 Baths
2,256 Sq Ft
5,358 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

21% Below List Price

79 Days on Market

About This Home

As of September 2020

Nice 2 unit property well maintained with 5 bedrooms total, 3 bath and full basement, now offered as a short sale for the smart buyer, Make your offer now!

Last Agent to Sell the Property

Jessica Chavez

Coldwell Banker Real Estate Group License #475167989 Listed on: 02/13/2017

Coldwell Banker Real Estate Group

Last Buyer's Agent

Tony Garcia

Terra Nova Realty Group Corp License #471012735

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,210

Year Built

  • Built in 1930

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 45x116

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,210

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 89000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Frame

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 60

Lot Info

  • Lot Dimensions: 45X116
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2210.28
  • Tax Year: 2016

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 15, 2020
Sold by
Rojas Carlos Franco
Bought by
Fuentes Alex
Seller's Agent
Silvia Carmona
Jason Mitchell Real Estate IL
Buyer's Agent
Karina Chavez
eXp Realty
List Price
$145,000
Sold Price
$150,000
Premium/Discount to List
$5,000
3.45%
Current Estimated Value
$210,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,677
Avg. Annual Appreciation
7.39%
Original Mortgage
$147,283
Outstanding Balance
$132,111
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$80,308

Purchase Details

Listed on
Feb 13, 2017
Closed on
Oct 3, 2017
Sold by
Ocegueda Cesar O
Bought by
Rojas Carlos Franco
Seller's Agent
Jessica Chavez
Coldwell Banker Real Estate Group
Buyer's Agent
Tony Garcia
Terra Nova Realty Group Corp
List Price
$89,000
Sold Price
$70,000
Premium/Discount to List
-$19,000
-21.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.59%
Original Mortgage
$49,000
Interest Rate
8.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2002
Sold by
Ocegueda Cesar O and Ocegueda Beatriz
Bought by
Ocegueda Cesar O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
7.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 1999
Sold by
Soto Armando
Bought by
Ocegueda Cesar O and Ocegueda Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,352
Interest Rate
7.77%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 1998
Sold by
Dabney Dana L
Bought by
Soto Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,480
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1997
Sold by
Mcfarlin Jane T
Bought by
Dabney Dana L
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $150,000 Chicago Title
Warranty Deed $70,000 None Available
Interfamily Deed Transfer -- --
Warranty Deed $78,000 --
Warranty Deed $60,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,283 FHA
Previous Owner $49,000 New Conventional
Previous Owner $113,000 Commercial
Previous Owner $106,400 Commercial
Previous Owner $77,352 FHA
Previous Owner $60,480 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2020 09/18/20 Sold $150,000 +3.4% $66 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $145,000 +107.1% $64 / Sq Ft
01/09/2018 01/09/18 Off Market $70,000 -- --
10/10/2017 10/10/17 Sold $70,000 -21.3% $31 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $89,000 -- $39 / 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 $4,670 $63,834 $6,970 $56,864
2023 $3,883 $57,524 $6,240 $51,284
2022 $3,883 $45,717 $4,856 $40,861
2021 $3,461 $39,200 $4,229 $34,971
2020 $3,395 $29,949 $3,946 $26,003
2019 $3,417 $27,444 $3,616 $23,828
2018 $1,963 $18,485 $3,224 $15,261
2017 $1,473 $16,354 $2,852 $13,502
2016 $2,210 $20,303 $3,541 $16,762
2015 $2,056 $18,171 $3,169 $15,002
2014 $3,213 $24,528 $2,988 $21,540
2012 $4,202 $26,575 $3,238 $23,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09504815

Midwest Real Estate Data (MRED)

APN: 08-28-225-014