502 Palace St Aurora, IL 60506
Near West Galena Neighborhood
4
Beds
2
Baths
1,633
Sq Ft
5,227
Sq Ft Lot
Highlights
- The property is located in a historic district
- Detached Garage
- Central Air
- Updated Kitchen
- Bungalow
About This Home
As of November 2020Great Opportunity to own a home in Palace Historic District! This historic home has been recently rehabbed from top to bottom, with all the modern day features & amenities, including the BRAND NEW 2-car detached garage! Enter the home through a covered front porch, to a foyer with woodwork that will take your breath away! The original woodwork can be found in the beautiful staircase & surrounding walls of the foyer. Next you will find a living room & dining room complete with gorgeous hardwood flooring. The updated kitchen is oversized with plenty of room for dining & cooking, enjoy stainless steel appliances, new countertops & subway tile backsplash! The first floor is complete with an option of a first floor master bedroom with on-suite or a bonus room area. Choose from one of the two separate staircases leading to second story, to find loads of custom millwork, hardwood flooring, three additional generous sized bedrooms & an oversized completely updated bathroom! The entire exterior foundation of the home has fresh concrete & rubber to seal completely! Don't miss the BRAND NEW 2-car garage & park right next door!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475160808 Listed on: 09/23/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,940
Year Built | Renovated
- 1910 | 2019
Parking
- Detached Garage
- Parking Included in Price
- Garage Is Owned
Home Design
- Bungalow
- Block Exterior
- Cedar
Kitchen
- Updated Kitchen
- Oven or Range
- Microwave
Utilities
- Central Air
- Heating System Uses Gas
Additional Features
- Basement Fills Entire Space Under The House
- The property is located in a historic district
Listing and Financial Details
- $3,000 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2020
Closed on
Oct 26, 2020
Sold by
Ghanem Elia and Ghanem Reem
Bought by
Cruz Teodoro
Seller's Agent
Kelsey Hupp
@properties Christie's International Real Estate
Buyer's Agent
Claudia Saltijeral
MBC Realty & Insurance Group I
List Price
$229,000
Sold Price
$223,000
Premium/Discount to List
-$6,000
-2.62%
Total Days on Market
4
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
$55,149
Avg. Annual Appreciation
6.76%
Original Mortgage
$211,850
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 11, 2013
Sold by
Ghanem Elia M and Ghanem Reem A
Bought by
Ghanem Elia M and Ghanem Reem A
Purchase Details
Listed on
Apr 8, 2013
Closed on
Jun 28, 2013
Sold by
Patel Mahendra
Bought by
Ghanem Elia M and Ghanem Reem A
Seller's Agent
Katie Skomorowski
Exit Real Estate Partners
Buyer's Agent
Patsy Litvin
Kettley & Co. Inc. - Batavia
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$93,750
Interest Rate
3.91%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 16, 2010
Sold by
Bank Of America National Association
Bought by
Patel Mahendra
Purchase Details
Closed on
Oct 26, 2009
Sold by
Deltoro Ulices and Deltoro Araceli
Bought by
Bank Of America National Association
Purchase Details
Closed on
Jul 13, 2005
Sold by
Gonzalez Eliseo and Nunez Ramon
Bought by
Deltoro Ulices and Del Toro Araceli
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
5.74%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jun 14, 2004
Sold by
Gomez Faustino
Bought by
Gonzalez Eliseo and Nunez Ramon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,612
Interest Rate
6.4%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 18, 2000
Sold by
Scheemacker Victor J and Scheemacker Maxine M
Bought by
Gomez Faustino
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,542
Interest Rate
8.12%
Mortgage Type
FHA
Similar Homes in Aurora, 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 | $223,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $125,000 | Greater Illinois Title Compa | |
| Special Warranty Deed | $47,000 | Chicago Title Insurance Co | |
| Sheriffs Deed | $83,700 | Chicago Title Insurance Co | |
| Warranty Deed | $192,000 | Multiple | |
| Warranty Deed | $169,000 | Ticor Title Insurance Co | |
| Warranty Deed | $116,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $211,850 | New Conventional | |
| Previous Owner | $93,750 | New Conventional | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $38,400 | Stand Alone Second | |
| Previous Owner | $153,600 | Purchase Money Mortgage | |
| Previous Owner | $166,612 | FHA | |
| Previous Owner | $126,900 | Unknown | |
| Previous Owner | $115,542 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2020 11/24/20 | Sold | $223,000 | -2.6% | $137 / Sq Ft |
| 09/27/2020 09/27/20 | Pending | -- | -- | -- |
| 09/23/2020 09/23/20 | For Sale | $229,000 | +83.2% | $140 / Sq Ft |
| 07/02/2013 07/02/13 | Sold | $125,000 | -3.8% | $57 / Sq Ft |
| 05/14/2013 05/14/13 | Pending | -- | -- | -- |
| 04/08/2013 04/08/13 | For Sale | $130,000 | -- | $59 / 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 | $5,940 | $76,589 | $5,116 | $71,473 |
| 2022 | $5,720 | $69,881 | $4,668 | $65,213 |
| 2021 | $5,072 | $60,845 | $4,346 | $56,499 |
| 2020 | $4,175 | $50,015 | $4,037 | $45,978 |
| 2019 | $4,022 | $46,582 | $3,740 | $42,842 |
| 2018 | $3,663 | $42,166 | $3,459 | $38,707 |
| 2017 | $3,334 | $37,899 | $3,187 | $34,712 |
| 2016 | $3,166 | $35,331 | $3,036 | $32,295 |
| 2015 | -- | $30,671 | $2,611 | $28,060 |
| 2014 | -- | $26,489 | $2,616 | $23,873 |
| 2013 | -- | $29,079 | $2,476 | $26,603 |
Source: Public Records
Agents Affiliated with this Home
-
Kelsey Hupp
Seller's Agent in 2020
Kelsey Hupp
@ Properties
1 in this area
12 Total Sales
-
Jennifer Hohmann
Seller Co-Listing Agent in 2020
Jennifer Hohmann
@ Properties
(630) 740-1138
1 in this area
67 Total Sales
-
Claudia Saltijeral
C
Buyer's Agent in 2020
Claudia Saltijeral
MBC Realty & Insurance Group I
(630) 747-7096
2 in this area
24 Total Sales
-
Seller's Agent in 2013
Katie Skomorowski
Exit Real Estate Partners
-
Buyer's Agent in 2013
Patsy Litvin
Kettley & Co. Inc. - Batavia
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10879283
APN: 15-15-352-056
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