Seller's Agent in 2021
Peter Drossos
Peter Drossos Real Estate
(773) 593-5626
4 in this area
185 Total Sales
3552 N Oleander Ave Unit 204 Chicago, IL 60634
Belmont Heights NeighborhoodEstimated Value: $186,000 - $215,000
2
Beds
1
Bath
1,000
Sq Ft
$266/mo
HOA Fee
About This Home
As of December 2021Welcome home to a rarely available, top-floor unit in an excellent area! Walk into a very spacious living room area highlighted by large, south facing windows for that crisp, natural sunlight as well as a private balcony: all while overlooking a pretty courtyard! Relax on your balcony. Or barbeque on it. Furthermore, the living room area opens up to a large, galley kitchen with a comfortably sized eat-in area characterized by north facing windows for additional light exposure. This unit also features two very spacious bedrooms with ample closet space. There is a full bathroom nestled between both bedrooms, which adds to this intelligently designed floor plan. There is also a spotless laundry room facility on the first floor and there is hardly ever a waiting line to use the washer or dryer; all machines are coin-operated at just $0.75 per load. This unit also comes with one exterior unassigned parking space and there is ample parking on Oleander and/or Addison at no additional cost. Own for less than rent! You can also rent this unit without restriction. FINANCING: Put down a 5% (or $7,750) at a $155,000 purchase price for a payment of approximately $1,203 per month at a 3% interest rate given a 740+ FICO score; this mortgage payment of $1,203 per month is based on a realistic and worst-case scenario property tax bill of $2,875 per year with a homeowners exemption along with a $266 monthly HOA payment, a $35 per month insurance bill and a $42 per month mortgage insurance premium. Or, put down 20% (or $31,000) for an approximate $1,063 mortgage payment. Please consult your loan officer for confirmation. RENTALS: A 2-bedroom, 1-bathroom unit at 7817 Belmont (Unit 2) rented for $1,395 per month. Please ask your agent to pull MLS# 10688173. Additionally, a 2-bedroom, 1-bathroom unit at 7701 Belmont (Unit 1) rented for $1,395 per month. Please ask your agent to pull MLS# 10954931. In short, you can easily expect to rent this unit for $1,400 per month after its rehab and earn nearly $175 per month in free cash flow, which comes out to $2,100 per year in positive cash flow. Easy to show. Close to plentiful shopping and restaurants, Kennedy Expressway, O'Hare Airport and much more. Easy to show!
Last Agent to Sell the Property
Peter Drossos Real Estate License #471010251 Listed on: 10/26/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,678
Year Built
- 1960
Lot Details
- 0.29
HOA Fees
- $266 per month
Home Design
- Brick Exterior Construction
Parking
- Driveway
- Uncovered Parking
- On-Site Parking
- Parking Included in Price
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Community Details
Overview
- 14 Units
- Janusz Kaczmarek Association, Phone Number (773) 704-0554
- Low-Rise Condominium
- Property managed by Court of Arms Condominium Association
Pet Policy
- Pets Allowed
- Pets up to 99 lbs
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2021
Closed on
Nov 29, 2021
Sold by
Nowak Mark S and Nowak Sara
Bought by
Kobel Magdalena
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Michael Zapart
Compass
List Price
$147,500
Sold Price
$142,500
Premium/Discount to List
-$5,000
-3.39%
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
$63,261
Avg. Annual Appreciation
10.04%
Original Mortgage
$135,375
Outstanding Balance
$124,741
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$81,020
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kobel Magdalena | $142,500 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kobel Magdalena | $135,375 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $142,500 | -3.4% | $143 / Sq Ft |
| 11/05/2021 11/05/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $147,500 | -- | $148 / 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 |
|---|---|---|---|---|
| 2024 | $2,678 | $19,150 | $2,255 | $16,895 |
| 2023 | $2,589 | $16,000 | $1,804 | $14,196 |
| 2022 | $2,589 | $16,000 | $1,804 | $14,196 |
| 2021 | $3,219 | $15,999 | $1,804 | $14,195 |
| 2020 | $89 | $7,863 | $1,127 | $6,736 |
| 2019 | $89 | $8,769 | $1,127 | $7,642 |
| 2018 | $88 | $8,769 | $1,127 | $7,642 |
| 2017 | $94 | $10,508 | $992 | $9,516 |
| 2016 | $521 | $10,508 | $992 | $9,516 |
| 2015 | $501 | $10,508 | $992 | $9,516 |
| 2014 | $497 | $12,317 | $947 | $11,370 |
| 2013 | $499 | $12,317 | $947 | $11,370 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Drossos
-
Michael Zapart
Buyer's Agent in 2021
Michael Zapart
Compass
(224) 715-8778
2 in this area
209 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11256061
APN: 12-24-400-041-1013
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