NOT LISTED FOR SALE

406 N Farrell Rd Lockport, IL 60441

Estimated Value: $262,000 - $313,000

4 Beds
2 Baths
1,512 Sq Ft
$192/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $188,000 $124 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,008/month

51 Days on Market

Highlights

  • Fenced Yard
  • Balcony
  • Breakfast Bar
  • Ludwig Elementary School Rated 10
  • Attached Garage
  • 5-minute walk to Woodland Park

About This Home

As of January 2020

This Move-In ready, beautifully updated 4 bedroom home is conveniently located near i-355, Metra train, shopping/restaurants, parks and historic downtown Lockport. The layout is perfect for entertaining and features a walkout lower level that leads to an outdoor patio and fully fenced backyard. All 4 nice sized bedrooms are upstairs along with a full bathroom. Master bedroom features a sliding door that opens up to a new wooden patio - a peaceful place to sip on your coffee in the morning or relax in the evening. Updates include new flooring, trim, lighting & doors throughout, fresh paint, staircase, updated full bathroom, deck & more! LOW taxes do not reflect a homeowner exemption!

Last Agent to Sell the Property

Rachael Rae Gish

@properties Christie's International Real Estate License #475179255 Listed on: 10/24/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Dan Joyce

Rosemary Joyce Real Estate, In License #471018499

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,531

Year Built

  • 1962

Lot Details

  • East or West Exposure
  • Fenced Yard

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Outdoor Features

  • Balcony

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,531

Year Built

1962

Lot Details

0

Parking

1

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
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Type Detached: Raised Ranch
  • Estimated Year Built: 1962
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Number Of Rooms: 7
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Walkout
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 12X11, On Level: Lower
  • Dining Room: Dimensions: 9X9, On Level: Lower
  • Kitchen Type: Dimensions: 14X12, On Level: Lower
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Balcony
  • Master Bedroom: Dimensions: 13X12, On Level: 2nd Level
  • Additional Room 1 Name: Balcony, Dimensions: 5X12, On Level: 2nd Level
  • Bedroom 2: Dimensions: 13X10, On Level: 2nd Level
  • Bedroom 3: Dimensions: 10X10, On Level: 2nd Level
  • Bedroom 4: Dimensions: 10X9, On Level: 2nd Level
  • Estimated Sq Ft: 1512
  • Family Room: Dimensions: 16X15, On Level: Walkout Basement

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Exposure: W (West)
  • Acreage: 0.18

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public, Well-Community
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 205
  • Elementary School: Walsh Elementary School
  • Middle School: Oak Prairie Junior High School
  • High School: Lockport Township High School
  • Junior High Dist: 92
  • Other Public School: Ludwig Elementary School
  • Elementary School #2: Reed Elementary School

Lot Info

  • Lot Dimensions: 60X130
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 1605183010080000

Tax Info

  • Taxes: 3320.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Jan 28, 2020
Sold by
Klinger Dacota L
Bought by
Matozzi Steven J
Seller's Agent
Rachael Rae Gish
@properties Christie's International Real Estate
Buyer's Agent
Dan Joyce
Rosemary Joyce Real Estate, In
List Price
$200,000
Sold Price
$188,000
Premium/Discount to List
-$12,000
-6%
Current Estimated Value
$290,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,500
Avg. Annual Appreciation
7.95%
Original Mortgage
$150,400
Outstanding Balance
$134,138
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$156,362

Purchase Details

Closed on
Jul 26, 2018
Sold by
Kocanda Frank D and Kocanda Chrsitne A
Bought by
Klinger Dacota L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2005
Sold by
Rose Anne M and Will Of Susan B Janosik
Bought by
Kocanda Frank F and Kocanda Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2000
Sold by
Lillis Cynthia A
Bought by
Janosik Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,452
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 21, 1996
Sold by
Lillis Roy A
Bought by
Lillis Cynthia A

Purchase Details

Closed on
Mar 20, 1996
Sold by
Lillis Cynthia A
Bought by
Lillis Cynthia A and Lillis Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.36%

Purchase Details

Closed on
Apr 17, 1995
Sold by
First Of America Bank Metro Southwest Na
Bought by
Lillis Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,150
Interest Rate
8.43%

Purchase Details

Closed on
Apr 19, 1994
Sold by
Fitzgerald Thomas P
Bought by
First Of America Bank Southwest N A
Source: Public Records

Range of Values:

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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
Matozzi Steven J $188,000 Citywide Title Corp
Klinger Dacota L $115,000 Fidelity National Title
Kocanda Frank F $151,000 Ticor Title Insurance Compan
Janosik Susan B $129,000 --
Lillis Cynthia A -- --
Lillis Cynthia A -- Lawyers Title
Lillis Cynthia A $73,500 1St American Title
First Of America Bank Southwest N A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matozzi Steven J $150,400
Previous Owner Klinger Dacota L $109,250
Previous Owner Kocanda Frank F $120,000
Previous Owner Janosik Susan B $111,452
Previous Owner Lillis Cynthia A $92,000
Previous Owner Lillis Cynthia A $66,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $188,000 -3.5% $124 / Sq Ft
12/14/2019 12/14/19 Pending -- -- --
12/09/2019 12/09/19 Price Changed $194,900 -2.6% $129 / Sq Ft
10/24/2019 10/24/19 For Sale $200,000 -- $132 / 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 $5,531 $78,178 $18,904 $59,274
2023 $5,531 $70,865 $17,136 $53,729
2022 $3,989 $53,564 $13,584 $39,980
2021 $3,796 $50,748 $12,870 $37,878
2020 $3,505 $45,102 $12,396 $32,706
2019 $3,395 $43,388 $11,925 $31,463
2018 $3,320 $41,984 $11,788 $30,196
2017 $3,258 $40,809 $11,458 $29,351
2016 $3,192 $39,448 $11,076 $28,372
2015 $3,072 $37,967 $10,660 $27,307
2014 $3,072 $37,183 $10,440 $26,743
2013 $3,072 $37,183 $10,440 $26,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10557499

Midwest Real Estate Data (MRED)

APN: 16-05-18-301-008