Seller's Agent in 2023
Rafael Villagomez
Epic Real Estate Group
(847) 922-5501
1 in this area
140 Total Sales
418 Summit Dr Schaumburg, IL 60193
East Schaumburg NeighborhoodEstimated Value: $492,000 - $577,000
5
Beds
2.5
Baths
2,430
Sq Ft
$218/Sq Ft
Est. Value
Highlights
- Formal Dining Room
- 2 Car Attached Garage
- Senior Tax Exemptions
- Michael Collins Elementary School Rated A-
- Central Air
- 3-minute walk to Abrahamsen Park
About This Home
As of August 2023"Welcome to an opportunity of a lifetime in Schaumburg, the suburban gem of Illinois! In the most opportune of locations, directly across from Michael Collins Elementary, sits a five-bedroom, two-and-a-half-bathroom residence that's been eagerly awaiting its next act. Now, this is no ordinary home. With a dash of charm and a splash of character, this property is an exquisite blend of past tales and future potential. Yes, it needs a little updating, but just think of it as blank canvas for your own personal touches. This home's generous layout is ideal for the harmonious chaos that only a loving family can bring. The spacious bedrooms are perfect for anything, from impromptu dance recitals to last-minute science projects, while the bathrooms are practically designed to handle morning rush hours without a hitch. The yard, It's ready for your children's imaginations to run wild, or maybe it's the stage for your next big BBQ bash. And let's not forget the ultra-short school commute; your children will be reigning 'hopscotch champions' in no time! So if you're not afraid of a little DIY, have a knack for breathing new life into old charm, and are ready to settle into a community-centric locale, this is your dream ticket. This isn't just a house; it's a canvas for your family's best memories waiting to be painted."
Last Agent to Sell the Property
Epic Real Estate Group License #471022231 Listed on: 07/14/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,284
Year Built
- Built in 1975
Lot Details
- 8,756
Parking
- 2 Car Attached Garage
- Driveway
- Parking Space is Owned
Home Design
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,430 Sq Ft Home
- 2-Story Property
- Formal Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
Schools
- Michael Collins Elementary Schoo
- J B Conant High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2023
Closed on
Aug 25, 2023
Sold by
Timothy J Grant Sr Trust
Bought by
Kumar Saket and Arusia Jyoti
Seller's Agent
Rafael Villagomez
Epic Real Estate Group
Buyer's Agent
Dilip Shinde
Charles Rutenberg Realty
List Price
$435,000
Sold Price
$405,000
Premium/Discount to List
-$30,000
-6.9%
Views
130
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,492
Avg. Annual Appreciation
10.95%
Original Mortgage
$384,750
Outstanding Balance
$374,735
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$154,757
Purchase Details
Closed on
May 20, 2019
Sold by
Grant Timothy J and Grant Timothy J
Bought by
Grant Timothy J and Timothy J Grant Sr Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kumar Saket | $405,000 | Chicago Title | |
| Grant Timothy J | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kumar Saket | $384,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2023 08/26/23 | Sold | $405,000 | -6.9% | $167 / Sq Ft |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- |
| 07/14/2023 07/14/23 | For Sale | $435,000 | -- | $179 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $10,093 | $53,000 | $8,750 | $44,250 |
| 2024 | $10,093 | $42,001 | $7,438 | $34,563 |
| 2023 | $9,736 | $42,001 | $7,438 | $34,563 |
| 2022 | $9,736 | $42,001 | $7,438 | $34,563 |
| 2021 | $8,284 | $33,327 | $5,031 | $28,296 |
| 2020 | $8,264 | $33,327 | $5,031 | $28,296 |
| 2019 | $8,271 | $37,030 | $5,031 | $31,999 |
| 2018 | $8,363 | $34,049 | $4,156 | $29,893 |
| 2017 | $8,263 | $34,049 | $4,156 | $29,893 |
| 2016 | $9,405 | $34,049 | $4,156 | $29,893 |
| 2015 | $8,477 | $32,831 | $3,500 | $29,331 |
| 2014 | $9,714 | $32,831 | $3,500 | $29,331 |
| 2013 | $8,166 | $32,831 | $3,500 | $29,331 |
Source: Public Records
Agents Affiliated with this Home
-
Rafael Villagomez
-
Dilip Shinde
D
Buyer's Agent in 2023
Dilip Shinde
Charles Rutenberg Realty
(224) 402-3570
1 in this area
63 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11830027
APN: 07-27-205-010-0000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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