NOT LISTED FOR SALE

400 Michigan Rd Frankfort, IL 60423

North Frankfort Neighborhood

Estimated Value: $434,000 - $479,000

5 Beds
3 Baths
2,652 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 16, 2013

Last sale price $250,000 $94 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,296/month

About This Home

As of August 2013

HUGE updated & move in ready 2 story rental home. 5 bedrooms /3 full baths w/LR, DR, eat-in kitchen, full walk-out basement, deck & GIANT 2 car garage. Most Pets Welcome.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2021
Sold by
Ih2 Property Illinois Lp
Bought by
Hill Benton and Hill Damita
Current Estimated Value
$456,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,924
Outstanding Balance
$297,168
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$159,705

Purchase Details

Closed on
May 8, 2018
Sold by
2018 2 Iii Borrower Lp Limited Partnship
Bought by
Ih2 Popety Illions Lp Limietd Partnship

Purchase Details

Closed on
Apr 10, 2015
Sold by
Ih2 Property Illinois Lp
Bought by
2Oi5-2 Ih2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,686,000
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 21, 2013
Closed on
Aug 12, 2013
Sold by
Wells Detmer and Wells Pamela B
Bought by
Ih2 Property Illinois Lp
Seller's Agent
John Schober
RE/MAX 1st Service
Buyer's Agent
Matthew Arminio
247 Brokers, LLC
List Price
$259,000
Sold Price
$250,000
Premium/Discount to List
-$9,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
May 30, 2006
Sold by
Harris Na
Bought by
Nexus Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2003
Sold by
D G Enterprises Llc
Bought by
Wells Detmer and Wells Pamela B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Whitney Lyman H and Whitney Patricia E
Bought by
D G Enterprises Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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 Buyer Sale Price Title Company
Hill Benton $329,900 Ct
Ih2 Popety Illions Lp Limietd Partnship -- Attorney
2Oi5-2 Ih2 Borrower Lp -- None Available
Ih2 Property Illinois Lp $250,000 None Available
Nexus Development Corp $142,000 Chicago Title Insurance Co
Wells Detmer $255,000 Chicago Title Insurance Co
D G Enterprises Llc $195,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Benton $323,924
Previous Owner 2Oi5-2 Ih2 Borrower Lp $636,686,000
Previous Owner Nexus Development Corp $106,500
Previous Owner Wells Detmer $252,000
Previous Owner Wells Detmer $10,000
Previous Owner Wells Detmer $48,000
Previous Owner Wells Detmer $204,000
Previous Owner Wells Detmer $38,200
Previous Owner D & G Enterprises Llc $188,529
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Rented $2,495 0.0% --
09/25/2018 09/25/18 Under Contract -- -- --
09/17/2018 09/17/18 For Rent $2,495 +2.0% --
09/08/2017 09/08/17 Rented $2,445 -3.6% --
08/22/2017 08/22/17 Price Changed $2,535 -2.3% $1 / Sq Ft
08/08/2017 08/08/17 Price Changed $2,595 -4.3% $1 / Sq Ft
07/27/2017 07/27/17 For Rent $2,711 0.0% --
08/16/2013 08/16/13 Sold $250,000 -3.5% $94 / Sq Ft
08/01/2013 08/01/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $259,000 -- $98 / Sq Ft

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
2023 $10,452 $117,812 $19,867 $97,945
2022 $9,107 $107,306 $18,095 $89,211
2021 $8,616 $100,390 $16,929 $83,461
2020 $8,414 $97,561 $16,452 $81,109
2019 $8,156 $94,950 $16,012 $78,938
2018 $8,024 $92,221 $15,552 $76,669
2017 $8,029 $90,068 $15,189 $74,879
2016 $7,856 $86,980 $14,668 $72,312
2015 $7,444 $83,917 $14,151 $69,766
2014 $7,444 $80,762 $14,053 $66,709
2013 $7,444 $81,809 $14,235 $67,574
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tania Tamarit

    Invitation Homes

    (855) 564-7368

    1 Total Sale

    Tania Tamarit
    Section Image
  • Catrell Dyer

    Seller Co-Listing Agent in 2018

    Catrell Dyer

    Blue Door Dave Inc

    (773) 447-8753

    29 Total Sales

    Catrell Dyer
    Section Image

  • J

    Buyer's Agent in 2018

    Jeremy Slowinski

    Ellsbury Group LLC

    (708) 670-2032

    97 Total Sales

    Jeremy Slowinski
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lisa Manzo

    Invitation Homes

  • Adam Kiwior

    Buyer's Agent in 2017

    Adam Kiwior

    Baird Warner

    Section Image
  • John Schober

    Seller's Agent in 2013

    John Schober

    RE/MAX

    (708) 705-8898

    2 in this area

    99 Total Sales

    John Schober
    Section Image
See All Agents

Map

Illinois Will County Frankfort 60423 North Frankfort

400 Michigan Rd, Frankfort, IL

This home is located at 400 Michigan Rd, Frankfort, IL 60423 and is currently estimated at $456,873, approximately $172 per square foot. 400 Michigan Rd is a home located in Will County with nearby schools including Grand Prairie Elementary School, Chelsea Intermediate School, and Hickory Creek Middle School.

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