$292,000
SOLD NOV 19, 2024

40 S Monterey Ave Villa Park, IL 60181

2 Beds
3 Baths
1,184 Sq Ft
4,996 Sq Ft Lot

Recently Sold

$247 Per Sq Ft

7% Below List Price

19 Days on Market

Highlights

  • 2 Car Detached Garage
  • Living Room
  • 1-Story Property
  • Ardmore Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to Rotary Park

About This Home

As of November 2024

Attention Diamond in the ruff! Lots of potential here for a creative buyer looking great area of Villa Park. Across from the park. Roof, windows and kitchen was done before tenants moved in. Home needs TLC but has lots of potential. Sits on deep lot in great location close to everything!

Last Agent to Sell the Property

Paul Tabor

RE/MAX 10 in the Park License #475148012 Listed on: 09/12/2024

RE/MAX 10 in the Park

Last Buyer's Agent

Nelly Cruz

Realty of America, LLC License #475198367

Realty of America, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,484

Year Built

  • Built in 1957

Lot Details

  • 4,996 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 1,184 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Potential Bedrooms

Unfinished Basement

  • Partial Basement
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,484

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 1184
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Concrete

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

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

Lot Info

  • Lot Size Acres: 0.1147
  • Lot Dimensions: 15475
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7484.22
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Nov 18, 2024
Sold by
Herrera Barb
Bought by
Garcia Alejandra Garcia and Garcia Rafael Garcia
Seller's Agent
Paul Tabor
RE/MAX 10 in the Park
Buyer's Agent
Nelly Cruz
Realty of America, LLC
List Price
$314,900
Sold Price
$292,000
Premium/Discount to List
-$22,900
-7.27%
Views
114
Current Estimated Value
$336,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,286
Avg. Annual Appreciation
16.21%
Original Mortgage
$219,000
Outstanding Balance
$217,010
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$119,276

Purchase Details

Closed on
Sep 30, 2011
Sold by
Bank Of America National Association
Bought by
Herrera Barb

Purchase Details

Closed on
Jan 21, 2011
Sold by
Ibarra Jose and Case #10 Ch 2966
Bought by
Bank Of America National Association

Purchase Details

Closed on
Oct 31, 2006
Sold by
Ibarra Jose
Bought by
Ibarra Jose

Purchase Details

Closed on
May 14, 2002
Sold by
Contreras Antonia
Bought by
Ibarra Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 1998
Sold by
Buchanan Ronald C
Bought by
Contreras Antonia and Ibarra Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,143
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 1998
Sold by
Oak Brook Bank
Bought by
Buchanan Ronald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Interest Rate
10.12%

Purchase Details

Closed on
Nov 15, 1996
Sold by
Buchanan Ron
Bought by
Oak Brook Bank and Trust #2885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.97%

Purchase Details

Closed on
Sep 20, 1996
Sold by
Torres Virginia
Bought by
Buchanan Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.97%
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 Type Sale Price Title Company
Warranty Deed $292,000 Chicago Title
Special Warranty Deed $107,500 Ctic
Legal Action Court Order -- None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Law Title
Warranty Deed $148,000 Attorneys Title Guaranty Fun
Trustee Deed -- Chicago Title Insurance Co
Warranty Deed -- --
Warranty Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $219,000 New Conventional
Previous Owner $164,500 Purchase Money Mortgage
Previous Owner $145,143 FHA
Previous Owner $120,800 No Value Available
Previous Owner $75,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2024 11/19/24 Sold $292,000 -7.3% $247 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $314,900 -- $266 / 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 $8,090 $115,039 $45,797 $69,242
2023 $7,703 $106,380 $42,350 $64,030
2022 $7,484 $102,260 $40,710 $61,550
2021 $7,180 $99,720 $39,700 $60,020
2020 $7,009 $97,530 $38,830 $58,700
2019 $6,543 $92,730 $36,920 $55,810
2018 $6,569 $87,780 $34,950 $52,830
2017 $6,410 $83,640 $33,300 $50,340
2016 $6,229 $78,790 $31,370 $47,420
2015 $6,140 $73,400 $29,220 $44,180
2014 $5,907 $71,100 $36,000 $35,100
2013 $5,630 $72,100 $36,510 $35,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12162194

Midwest Real Estate Data (MRED)

APN: 06-10-201-020