NOT LISTED FOR SALE

4851 W Melrose St Chicago, IL 60641

Cragin Neighborhood

Estimated Value: $376,000 - $429,000

4 Beds
3 Baths
1,200 Sq Ft
$341/Sq Ft Est. Value

Last Sold January 12, 2017

Last sale price $282,600 $236 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,582/month

25 Days on Market

Highlights

  • Deck
  • Bungalow
  • Forced Air Heating and Cooling System
  • Attached Garage

About This Home

As of January 2017

PERFECTLY UPDATED 4 BEDROOM, 3 BATHROOM WITH FULL FINISHED BASEMENT. THOUGHTFULLY DESIGNED FINISHES FROM WHITE SHAKER KITCHEN WITH GRANITE COUNTERTOPS AND STAINLESS APPLIANCES. ITALIAN PORCELAIN BATHROOMS AND CUSTOM PAINT/NEW CARPET AND FLOORING THROUGHOUT. VERY SPACIOUS LIVING AND FAMILY ROOM. EXIT FROM THE KITCHEN TROUGH GREAT PATIO DOOR TO YOUR DECK. 1 CAR GARAGE PLUS PARKING PAD/DRIVEWAY.

Last Agent to Sell the Property

Mike Vesole

Jameson Sotheby's Intl Realty License #475112796 Listed on: 10/13/2016

Jameson Sotheby's Intl Realty

Co-Listed By

Paul Fortman

@properties Christie's International Real Estate

Last Buyer's Agent

William Mombela

PROSALES REALTY License #475134615

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,433

Year Renovated

  • 2016

Lot Details

  • 4,487

Parking

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

Home Design

  • Bungalow
  • Frame Construction
  • Vinyl Siding

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • $8,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,433

Year Renovated

2016

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: Unknown
  • Full Bathrooms: 3
  • Ownership: Fee Simple
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 3
  • Style Of House: Bungalow
  • Type Detached: 1.5 Story
  • Estimated Year Built: U
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 25X12, On Level: Main Level, Flooring: Hardwood
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Below Grade Bedrooms: 1
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 9X8, On Level: Basement, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 12X13, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Deck
  • Master Bedroom: Dimensions: 16X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Deck, Dimensions: 10X9, On Level: Main Level
  • Bedroom 2: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 14X10, On Level: Main Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 10X10, On Level: Basement, Flooring: Carpet
  • Family Room: Dimensions: 32X12, On Level: Basement, Flooring: Carpet

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Frame

Garage/Parking

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

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 30 X 126
  • Parcel Identification Number: 13214220030000

Tax Info

  • Taxes: 4021.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 28, 2016
Sold by
South Bay Partners Llc
Bought by
Mendoza Lucio
Seller's Agent
Mike Vesole
Jameson Sotheby's Intl Realty
Buyer's Agent
William Mombela
PROSALES REALTY
List Price
$284,900
Sold Price
$282,600
Premium/Discount to List
-$2,300
-0.81%
Current Estimated Value
$409,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,682
Avg. Annual Appreciation
4.30%
Original Mortgage
$277,481
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 6, 2016
Closed on
Jul 27, 2016
Sold by
U S Bank Na
Bought by
South Bay Partners Llc
Seller's Agent
Anna Zakarian
Vylla Home
Buyer's Agent
Mike Vesole
Jameson Sotheby's Intl Realty
List Price
$143,000
Sold Price
$118,650
Premium/Discount to List
-$24,350
-17.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
689.57%

Purchase Details

Closed on
Mar 15, 2016
Sold by
Morelos Jesus
Bought by
Us Bank Na and Gsmps Mortgage Loan Trust

Purchase Details

Closed on
Dec 29, 2005
Sold by
Suzuky Alvira Raymond and Suzuky Alvira
Bought by
Morelos Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 30, 1999
Sold by
Biller Kenneth J and Biller Vicki J
Bought by
Morelos Jesus and Morelos Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,798
Interest Rate
8.02%
Mortgage Type
FHA
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
Mendoza Lucio $283,000 Fidelity National Title
South Bay Partners Llc $118,650 Chicago Title
Us Bank Na -- None Available
Morelos Jesus -- Cti
Morelos Jesus $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Lucio $276,073
Closed Mendoza Lucio $277,481
Previous Owner Morelos Jesus $225,000
Previous Owner Morelos Jesus $147,760
Previous Owner Morelos Jesus $145,798
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $282,600 0.0% $236 / Sq Ft
01/09/2017 01/09/17 Off Market $282,600 -- --
12/29/2016 12/29/16 For Sale $284,900 0.0% $237 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $284,900 +140.1% $237 / Sq Ft
08/11/2016 08/11/16 Sold $118,650 -17.0% $99 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/20/2016 06/20/16 Price Changed $143,000 +20.5% $119 / Sq Ft
06/07/2016 06/07/16 Off Market $118,650 -- --
06/05/2016 06/05/16 For Sale $143,000 -- $119 / 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 $4,433 $31,000 $13,950 $17,050
2023 $4,322 $21,000 $10,927 $10,073
2022 $4,322 $21,000 $10,927 $10,073
2021 $4,225 $20,999 $10,926 $10,073
2020 $5,379 $24,131 $6,525 $17,606
2019 $5,451 $27,114 $6,525 $20,589
2018 $5,359 $27,114 $6,525 $20,589
2017 $4,724 $21,934 $5,850 $16,084
2016 $4,396 $21,934 $5,850 $16,084
2015 $4,022 $21,934 $5,850 $16,084
2014 $4,008 $21,587 $5,400 $16,187
2013 $3,929 $21,587 $5,400 $16,187
Source: Public Records

Agents Affiliated with this Home

  • Mike Vesole

    Seller's Agent in 2017

    Mike Vesole

    Jameson Sotheby's Intl Realty

    (773) 454-4714

    1 in this area

    162 Total Sales

    Mike Vesole
    Section Image
  • Paul Fortman

    Seller Co-Listing Agent in 2017

    Paul Fortman

    @ Properties

    (773) 987-6056

    2 in this area

    97 Total Sales

    Paul Fortman
    Section Image
  • William Mombela

    Buyer's Agent in 2017

    William Mombela

    PROSALES REALTY

    (773) 619-8653

    4 in this area

    78 Total Sales

    William Mombela
    Section Image
  • Anna Zakarian

    Seller's Agent in 2016

    Anna Zakarian

    Vylla Home

    (773) 505-9696

    21 Total Sales

    Anna Zakarian
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09365895

Midwest Real Estate Data (MRED)

APN: 13-21-422-003-0000

Illinois Cook County Chicago 60641 Cragin

4851 W Melrose St, Chicago, IL

This home is located at 4851 W Melrose St, Chicago, IL 60641 since 13 October 2016 and is currently estimated at $409,282, approximately $341 per square foot. 4851 W Melrose St is a home located in Cook County with nearby schools including Falconer Elementary School, Foreman College and Career Academy, and Kelvyn Park High School.

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