50 N Palazzo Dr Unit 8503 Addison, IL 60101
2
Beds
4
Baths
1,471
Sq Ft
$297/mo
HOA Fee
Highlights
- Corner Lot
- Porch
- Dry Bar
- Cul-De-Sac
- Attached Garage
- Storage
About This Home
As of October 2023Bright and sunny, beautiful End Unit overlook large open field, totally private w great views, enjoy Nature from every window! Enjoy the open spacious floorplan w generously sized kitchen w ample cabinets and countertops, formal dining room, and Great room w fireplace and lots of windows capturing a lovely view! The Master Bedroom and guest bedroom are on 2nd floor, as well as a convenient 2nd floor laundry. Master Suite has private bath and ample closets. The finished basement has a Family Rm and plenty of space to carve out an office, and ample storage. There is a half bath in the basement also, so that totals 2 full baths and 2 half baths! Also, there is a brand new hot water heater! The attached 2 car garage is oversized and offers a large storage area also! The location is conveniently located and is close to shopping and super easy access to expressways for commuting!
Last Agent to Sell the Property
RE/MAX Suburban License #475090623 Listed on: 03/09/2018
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,064
Year Built
- 1997
HOA Fees
- $297 per month
Parking
- Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
- Garage Is Owned
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- Primary Bathroom is a Full Bathroom
- Dry Bar
- Gas Log Fireplace
- Storage
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Laundry
- Laundry on upper level
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Lake Michigan Water
Additional Features
- Porch
- Cul-De-Sac
Community Details
- Pets Allowed
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2023
Closed on
Sep 28, 2023
Sold by
Bautista Raul O and Bautista Edna A
Bought by
Guevarra Molleth L
Seller's Agent
Henry Torn
ListWithFreedom.com
Buyer's Agent
CJ Rivera-Guevarra
EXIT Strategy Realty
List Price
$318,000
Sold Price
$295,000
Premium/Discount to List
-$23,000
-7.23%
Views
316
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
$33,462
Avg. Annual Appreciation
6.74%
Original Mortgage
$280,250
Outstanding Balance
$276,153
Interest Rate
7.31%
Estimated Equity
$55,363
Purchase Details
Listed on
Mar 9, 2018
Closed on
Apr 25, 2018
Sold by
Kiep Joseph M and Kiep Sarah H
Bought by
Bautista Raul O and Bautista Edna A
Seller's Agent
Sue Hedlund
RE/MAX Suburban
Buyer's Agent
Sue Hedlund
RE/MAX Suburban
List Price
$217,000
Sold Price
$207,500
Premium/Discount to List
-$9,500
-4.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Purchase Details
Closed on
Sep 12, 2002
Sold by
Grzesik Sarah H and Kiep Joseph M
Bought by
Kiep Joseph M and Kiep Sarah H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 20, 2000
Sold by
Ratkowski Patricia J and Ratkowski Mark R
Bought by
Ratkowski Mark R and Ratkowski Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
11%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 28, 1997
Sold by
Pinnacle Corp
Bought by
Ratkowski Mark R and Ratkowski Patricia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Addison, IL
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $295,000 | None Listed On Document | |
| Warranty Deed | -- | Attorney | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $210,000 | Prairie Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $175,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,250 | No Value Available | |
| Previous Owner | $219,000 | Small Business Administration | |
| Previous Owner | $42,907 | Unknown | |
| Previous Owner | $168,000 | Purchase Money Mortgage | |
| Previous Owner | $170,000 | Unknown | |
| Previous Owner | $19,600 | Credit Line Revolving | |
| Previous Owner | $130,000 | Unknown | |
| Previous Owner | $80,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2023 10/02/23 | Sold | $295,000 | -1.6% | $201 / Sq Ft |
| 08/23/2023 08/23/23 | Pending | -- | -- | -- |
| 08/18/2023 08/18/23 | Price Changed | $299,900 | -3.3% | $204 / Sq Ft |
| 07/15/2023 07/15/23 | Price Changed | $310,000 | -2.5% | $211 / Sq Ft |
| 07/03/2023 07/03/23 | For Sale | $318,000 | +53.3% | $216 / Sq Ft |
| 04/26/2018 04/26/18 | Sold | $207,500 | -4.4% | $141 / Sq Ft |
| 03/25/2018 03/25/18 | Pending | -- | -- | -- |
| 03/09/2018 03/09/18 | For Sale | $217,000 | -- | $148 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,064 | $76,790 | $7,300 | $69,490 |
| 2022 | $4,602 | $68,480 | $6,500 | $61,980 |
| 2021 | $4,402 | $65,600 | $6,230 | $59,370 |
| 2020 | $4,275 | $62,840 | $5,970 | $56,870 |
| 2019 | $4,238 | $60,420 | $5,740 | $54,680 |
| 2018 | $4,089 | $56,370 | $5,740 | $50,630 |
| 2017 | $3,974 | $53,880 | $5,490 | $48,390 |
| 2016 | $3,851 | $49,750 | $5,070 | $44,680 |
| 2015 | $3,735 | $45,950 | $4,680 | $41,270 |
| 2014 | $3,759 | $45,950 | $4,680 | $41,270 |
| 2013 | $3,686 | $46,880 | $4,770 | $42,110 |
Source: Public Records
Agents Affiliated with this Home
-
Henry Torn
Seller's Agent in 2023
Henry Torn
ListWithFreedom.com
(847) 254-8894
2 in this area
434 Total Sales
-
CJ Rivera-Guevarra
Buyer's Agent in 2023
CJ Rivera-Guevarra
EXIT Strategy Realty
(312) 978-2911
1 in this area
14 Total Sales
-
Sue Hedlund
Seller's Agent in 2018
Sue Hedlund
RE/MAX Suburban
(630) 710-7374
53 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09878868
APN: 03-29-216-053
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