NOT LISTED FOR SALE

502 N State St Lockport, IL 60441

Estimated Value: $206,000 - $258,000

2 Beds
1 Bath
700 Sq Ft
$328/Sq Ft Est. Value

Last Sold September 08, 2014

Last sale price $46,100 $66 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $1,577/month

34 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Enclosed Patio or Porch
  • Ludwig Elementary School Rated 10
  • Detached Garage
  • Breakfast Bar

About This Home

As of September 2014

Single Family home located close to downtown Lockport. Large living room with hardwood floors. Eat in Kitchen. Full unfinished basement. Enclosed back porch. Side drive. 2 Car detached garage. Property sold as-is. Cash only due to the condition of the property. Property was built prior to 1978 and lead-based paint potentially exists. Multiple offers due by 06/12/14 5PM

Last Agent to Sell the Property

Makeda Smith

Smith & Partners Realty Group Listed on: 05/27/2014

Co-Listed By

Taiwan Smith

eXp Realty License #471007781

Last Buyer's Agent

Steven Gregor

Core Realty & Investments Inc. License #475142555

Core Realty & Investments Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,361

Year Built

  • 1930

Lot Details

  • 0.28

Parking

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

Home Design

  • Bungalow
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Breakfast Bar
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,361

Year Built

1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 81-90 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Bungalow
  • Type Detached: 1 Story
  • Estimated Year Built: 1930
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 4
  • Living Room: Dimensions: 11X23, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Other, Windows: None
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Enclosed Porch
  • Master Bedroom: Dimensions: 11X9, On Level: Main Level, Flooring: Other
  • Additional Room 1 Name: Enclosed Porch, Dimensions: 10X9, On Level: Main Level, Flooring: Wood Laminate, Windows: None
  • Bedroom 2: Dimensions: 9X9, On Level: Main Level, Flooring: Other, Windows: None
  • Estimated Sq Ft: 700
  • Family Room: Flooring: Other, Windows: None

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Porch
  • Acreage: 0.28

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • School District: 205
  • Junior High Dist: 92

Lot Info

  • Lot Dimensions: 66X132X59X132
  • Parcel Identification Number: 1104144040180000

Tax Info

  • Taxes: 1976.60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2014
Closed on
Sep 4, 2014
Sold by
Secretary Of Veterans Affairs
Bought by
Gregor James
Seller's Agent
Makeda Smith
Smith & Partners Realty Group
Buyer's Agent
Steven Gregor
Core Realty & Investments Inc.
List Price
$39,500
Sold Price
$46,100
Premium/Discount to List
$6,600
16.71%
Current Estimated Value
$229,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,652
Avg. Annual Appreciation
15.54%

Purchase Details

Listed on
May 27, 2014
Closed on
Jul 28, 2014
Sold by
Pelz Richard M and Citimortgage Inc
Bought by
The Secretary Of Veterans Affairs
Seller's Agent
Makeda Smith
Smith & Partners Realty Group
Buyer's Agent
Steven Gregor
Core Realty & Investments Inc.
List Price
$39,500
Sold Price
$46,100
Premium/Discount to List
$6,600
16.71%

Purchase Details

Listed on
May 27, 2014
Closed on
Jul 15, 2014
Sold by
Citimortgage Inc
Bought by
The Secretary Of Veterans Affairs
Seller's Agent
Makeda Smith
Smith & Partners Realty Group
Buyer's Agent
Steven Gregor
Core Realty & Investments Inc.
List Price
$39,500
Sold Price
$46,100
Premium/Discount to List
$6,600
16.71%

Purchase Details

Closed on
Jan 23, 2014
Sold by
Pelz Patricia A and O Neil Pc Patrick J
Bought by
Citimortgage Inc

Purchase Details

Closed on
Dec 16, 2001
Sold by
Vercellotti Sophie A
Bought by
Pelz Richard M and Pelz Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
6.52%
Mortgage Type
VA

Purchase Details

Closed on
Jun 12, 2000
Sold by
Nickel Richard C and Nickel Elaine L
Bought by
The Richard C Nickel Self Declaration Tr

Purchase Details

Closed on
Jun 15, 1995
Sold by
R C Nickel & Sons Inc
Bought by
Nickel Peter and Nickel Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.9%
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
Gregor James $46,100 Fidelity National Title Ins
The Secretary Of Veterans Affairs -- None Available
The Secretary Of Veterans Affairs -- None Available
Citimortgage Inc $52,731 None Available
Pelz Richard M $115,000 First American Title
The Richard C Nickel Self Declaration Tr -- --
Nickel Peter $32,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pelz Richard M $117,300
Previous Owner Nickel Peter $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2014 09/08/14 Sold $46,100 +16.7% $66 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $39,500 -- $56 / 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 $4,361 $65,246 $29,932 $35,314
2023 $4,361 $58,574 $26,871 $31,703
2022 $3,524 $49,988 $22,932 $27,056
2021 $3,291 $46,977 $21,551 $25,426
2020 $3,195 $45,432 $20,842 $24,590
2019 $2,994 $43,063 $19,755 $23,308
2018 $2,918 $41,394 $18,989 $22,405
2017 $2,763 $39,077 $17,926 $21,151
2016 $2,432 $34,682 $15,910 $18,772
2015 $1,979 $31,131 $14,281 $16,850
2014 $1,979 $28,561 $13,102 $15,459
2013 $1,979 $28,561 $13,102 $15,459
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Makeda Smith

    Smith & Partners Realty Group

    Section Image

  • T

    Seller Co-Listing Agent in 2014

    Taiwan Smith

    eXp Realty

    Taiwan Smith
    Section Image

  • S

    Buyer's Agent in 2014

    Steven Gregor

    Core Realty & Investments Inc.

    (224) 235-4336

    25 Total Sales

    Steven Gregor
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08625719

Midwest Real Estate Data (MRED)

APN: 11-04-14-404-018

Illinois Will County Lockport 60441

502 N State St, Lockport, IL

This home is located at 502 N State St, Lockport, IL 60441 since 27 May 2014 and is currently estimated at $229,752, approximately $328 per square foot. This property was built in 1930. 502 N State St is a home located in Will County with nearby schools including Ludwig Elementary School, Walsh Elementary School, and Reed Elementary School.

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