NOT LISTED FOR SALE

400 N Farrell Rd Lockport, IL 60441

Estimated Value: $240,000 - $266,594

3 Beds
2 Baths
1,825 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 23, 2014

Last sale price $115,000 $63 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,750/month

205 Days on Market

Highlights

  • Corner Lot
  • Fenced Yard
  • Detached Garage
  • Ludwig Elementary School Rated 10
  • Balcony
  • Breakfast Bar

About This Home

As of December 2014

*SHORT SALE* BANK SAYS $115K AND WE'VE GOT A DEAL! LOST OUR BUYER BUT ALL PAPERWORK IS IN! THIS 3 BR~1 1/2 BATH SPLIT LEVEL HOME IS A GREAT OPPORTUNITY FOR THE HANDY PERSON OR INVESTOR! IT NEEDS SOME TLC BUT HAS HAD SOME UPDATES, INCLUDING KITCHEN. BIG LIVING ROOM W/ FIREPLACE. LARGE CORNER LOT W/ FENCED YARD AND 2.5 CAR GARAGE W/ PATIO. SSOLD AS-IS. HOME MAY QUALIFY FOR $10,000 DOWN PAYMENT ASSIST. MAY NOT GO FHA.

Last Agent to Sell the Property

Jeanne Dominguez

RE/MAX 1st Service Listed on: 04/03/2014

RE/MAX 1st Service

Last Buyer's Agent

Kevin Burke

RE/MAX 10 License #475137180

RE/MAX 10

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,650

Year Built

  • 1962

Lot Details

  • Southern Exposure
  • Fenced Yard
  • Corner Lot

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Tri-Level Property
  • Frame Construction
  • Asphalt Shingled Roof

Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom

Utilities

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

Additional Features

  • Breakfast Bar
  • Balcony

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,650

Year Built

1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train, Interstate Access
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Style Of House: Tri-Level
  • Type Detached: Split Level
  • Estimated Year Built: 1962
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 23X12, On Level: Lower, Flooring: Other, Windows: None
  • Equipment: Ceiling Fan
  • Fireplace Location: Family Room
  • Basement: Exterior Access
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 6X8, On Level: Lower
  • Dining Room: Dimensions: 10X9, On Level: Lower, Flooring: Carpet, Windows: None
  • Kitchen Type: Dimensions: 15X13, On Level: Lower, Flooring: Ceramic Tile, Windows: None
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 25X11, On Level: 2nd Level, Flooring: Other, Windows: None
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Other, Windows: None
  • Bedroom 3: Dimensions: 10X09, On Level: 2nd Level, Flooring: Other, Windows: None
  • Estimated Sq Ft: 1825
  • Family Room: Dimensions: 23X12, On Level: Main Level, Flooring: Carpet, Windows: None

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Balcony
  • Exposure: S (South)
  • Acreage: 0.2

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Garage Ownership: Owned

Utilities

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

Schools

  • School District: 205
  • High School: LOCKPORT TOWNSHIP HIGH SCHOOL
  • Junior High Dist: 92

Lot Info

  • Lot Dimensions: 80X110
  • Lot Description: Corner, Fenced Yard
  • Parcel Identification Number: 1605183010110000

Tax Info

  • Taxes: 3629.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2014
Closed on
Dec 17, 2014
Sold by
Rinehart Joseph R and Rinehart Thomas V
Bought by
Gruenholz Michael
Seller's Agent
Jeanne Dominguez
RE/MAX 1st Service
Buyer's Agent
Kevin Burke
RE/MAX 10
List Price
$115,000
Sold Price
$115,000
Current Estimated Value
$255,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,899
Avg. Annual Appreciation
7.69%
Original Mortgage
$108,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2006
Sold by
Riley Randall L and Riley Tammy L
Bought by
Hsbc Mortgage Services

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2006
Sold by
Hsbc Mortgage Services
Bought by
Rinehart Joseph R and Rinehart Thomas V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2006
Sold by
Riley Randall L and Riley Tammy L
Bought by
Mortgage Electronic Registration Systems and Household Corp Iii

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2002
Sold by
Sponholtz David J and Sponholtz Julie A
Bought by
Riley Randall L and Riley Tammy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,987
Interest Rate
7.13%
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
Gruenholz Michael $115,000 Citywide Title Corporation
Hsbc Mortgage Services -- First American Title
Rinehart Joseph R $157,500 Fatic
Mortgage Electronic Registration Systems $150,328 None Available
Riley Randall L $143,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gruenholz Michael $108,500
Previous Owner Rinehart Joseph R $141,750
Previous Owner Riley Randall L $140,987
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2014 12/23/14 Sold $115,000 0.0% $63 / Sq Ft
10/25/2014 10/25/14 Pending -- -- --
10/20/2014 10/20/14 Price Changed $115,000 0.0% $63 / Sq Ft
10/20/2014 10/20/14 For Sale $115,000 +4.5% $63 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
08/17/2014 08/17/14 Price Changed $110,000 -12.0% $60 / Sq Ft
07/30/2014 07/30/14 Price Changed $125,000 -10.7% $68 / Sq Ft
07/26/2014 07/26/14 For Sale $139,900 0.0% $77 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $139,900 -- $77 / 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 $4,650 $73,723 $18,904 $54,819
2023 $4,650 $66,827 $17,136 $49,691
2022 $3,818 $57,276 $13,584 $43,692
2021 $3,610 $54,265 $12,870 $41,395
2020 $3,595 $52,268 $12,396 $39,872
2019 $3,465 $50,282 $11,925 $38,357
2018 $3,369 $48,601 $11,788 $36,813
2017 $3,292 $47,240 $11,458 $35,782
2016 $3,210 $45,665 $11,076 $34,589
2015 $3,629 $43,951 $10,660 $33,291
2014 $3,629 $43,043 $10,440 $32,603
2013 $3,629 $43,043 $10,440 $32,603
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08575645

Midwest Real Estate Data (MRED)

APN: 16-05-18-301-011