NOT LISTED FOR SALE

40 N Palazzo Dr Unit 7403 Addison, IL 60101

Estimated Value: $338,730

3 Beds
3 Baths
1,471 Sq Ft
$313/mo HOA Fee

Last Sold July 15, 2019

Last sale price $227,500 $155 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,607/month

5 Days on Market

Highlights

  • Property is near a park
  • End Unit
  • Walk-In Pantry
  • Wood Flooring
  • Corner Lot
  • Stainless Steel Appliances

About This Home

As of July 2019

Spacious & Move in Ready End-unit Townhome UPDATED with gorgeous finishes. Gleaming hardwood Floors welcome you into a sun-filled floor plan. Remodeled kitchen features dinette, pantry, ample cabinet space, granite countertops & stainless steel appliances. Kitchen flows into Dining room and Living with 2 sided Fireplace. 2nd floor features a convenient Laundry room, newer Carpet, Large Master bedroom w/ Walk-In Closet and Luxurious remodeled master Bath. Large Finished basement features a 3rd Bedroom/Office with extra storage. Beautiful wrap-around front porch to enjoy BBQ or relaxing views. New Roof * New Doors & Hardware * New Toilets * New Blinds throughout * New Light Fixtures and recessed lighting throughout * Walls & Trim freshly Painted * New Water Heater 10 months old * Updated Smoke & Carbon alarms * New Closet upgrades in bedrooms *New Thermostat * New Carpet on Stair & Landing * New LED Sensor Light * Custom Garage Storage Shelving * Great location & Complex!

Last Agent to Sell the Property

Giuseppe Battista

Fulton Grace Realty License #475138121 Listed on: 05/16/2019

Fulton Grace Realty

Co-Listed By

Angie Corcione

Fulton Grace Realty License #471008538

Last Buyer's Agent

Nicole Giudice

Fulton Grace Realty License #475165832

Fulton Grace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,887

Year Built | Renovated

  • 1997 | 2014

Lot Details

  • 9.53

HOA Fees

  • $313 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • Attached Fireplace Door
  • See Through Fireplace
  • Storage
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • North or South Exposure
  • Porch
  • End Unit
  • Property is near a park

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Screens

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,887

Year Built | Renovated

1997 | 2014

Lot Details

0

HOA Fees

$313 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 21-25 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Rehab Year: 2014
  • Total Full or Half Bathrooms: 2.1
  • Estimated Year Built: 1997
  • Tax Exemptions: Homeowner
  • Type Attached: Townhouse-2 Story
  • Total Sq Ft: 700
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1997
  • Year Renovated: 2014

Interior Features

  • Interior Property Features: Hardwood Floors, 2nd Floor Laundry, Storage, Walk-In Closet(s)
  • Number Of Rooms: 7
  • Living Room: Dimensions: 15X14, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Range Hood
  • Equipment: Sump Pump
  • Fireplace Details: See through/Multi Sided, Attached Fireplace Doors/Screen
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 3
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 8X5, On Level: 2nd Level, Flooring: Vinyl
  • Dining Room: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X12, On Level: Main Level, Flooring: Porcelain Tile, Windows: Blinds
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Closet
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 15X12, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 12X11, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 3: Dimensions: 14X12, On Level: Basement, Flooring: Carpet, Windows: Blinds
  • Estimated Sq Ft: 1471
  • Estimated Total Finished Sq Ft: 700
  • Basement Sq Ft: 700
  • Basement Finished Sq Ft: 700
  • Dining Room Type: Separate
  • Family Room: Dimensions: 20X17, On Level: Basement, Flooring: Carpet, Windows: Blinds

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Porch, Storms/Screens, End Unit
  • Exposure: N (North)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers, 100 Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 313
  • Management Contact Name: Manager
  • Management Phone: 847-620-1133

Fee Information

  • Management Company: American Community Management

Schools

  • School District: 88
  • Elementary School: Army Trail Elementary School
  • Middle School: Indian Trail Junior High School
  • High School: Addison Trail High School
  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds, Corner, Park Adjacent
  • Parcel Identification Number: 0329216049

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 2

Tax Info

  • Taxes: 4576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jul 15, 2019
Sold by
Burdi Vincenzo and Sullivan Kelly
Bought by
Giudice Mariann
Seller's Agent
Giuseppe Battista
Fulton Grace Realty
Buyer's Agent
Nicole Giudice
Fulton Grace Realty
List Price
$225,000
Sold Price
$227,500
Premium/Discount to List
$2,500
1.11%
Current Estimated Value
$338,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,230
Avg. Annual Appreciation
6.60%

Purchase Details

Listed on
Oct 2, 2013
Closed on
Nov 5, 2013
Sold by
American Homes 4 Rent Llc
Bought by
Burdi Vincenzo
Seller's Agent
Hugo Rodriguez
RE/MAX 10 Lincoln Park
Buyer's Agent
Giuseppe Battista
Fulton Grace Realty
List Price
$179,900
Sold Price
$172,000
Premium/Discount to List
-$7,900
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$154,800
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2013
Sold by
Ah4r Il 4 Llc
Bought by
American Homes 4 Rent Llc

Purchase Details

Closed on
Dec 13, 2012
Sold by
Schmidt Michael
Bought by
Ah4r-Il4 Llc

Purchase Details

Closed on
Jul 8, 2005
Sold by
Mackey Timothy M and Mackey Lisa E
Bought by
Schmidt Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,800
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1997
Sold by
Pinnacle Corp
Bought by
Horak Lisa E and Mackey Timothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,450
Interest Rate
7.57%
Mortgage Type
FHA
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
Giudice Mariann $227,500 First American Title
Burdi Vincenzo $172,000 Ctic Dupage
American Homes 4 Rent Llc -- None Available
Ah4r-Il4 Llc $89,500 None Available
Schmidt Michael $251,000 Chicago Title Insurance Comp
Horak Lisa E $158,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burdi Vincenzo $154,800
Previous Owner Schmidt Michael $200,800
Previous Owner Horak Lisa E $151,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2019 07/15/19 Sold $227,500 +1.1% $155 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $225,000 +30.8% $153 / Sq Ft
12/02/2013 12/02/13 Sold $172,000 -4.4% $91 / Sq Ft View Prior Sale
10/08/2013 10/08/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $179,900 -- $95 / 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 $5,887 $83,532 $7,941 $75,591
2023 $5,653 $76,790 $7,300 $69,490
2022 $5,044 $68,480 $6,500 $61,980
2021 $4,845 $65,600 $6,230 $59,370
2020 $4,726 $62,840 $5,970 $56,870
2018 $4,576 $56,370 $5,740 $50,630
2017 $4,472 $53,880 $5,490 $48,390
2016 $4,379 $49,750 $5,070 $44,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10382977

Midwest Real Estate Data (MRED)

APN: 03-29-216-049