NOT LISTED FOR SALE

507 Chicago Rd Newark, IL 60541

Estimated Value: $254,000 - $280,000

3 Beds
1.5 Baths
1,318 Sq Ft
$199/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2022

Last sale price $213,000 $162 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,861 / mo

24 Days on Market

Highlights

  • Wood Flooring
  • Mud Room
  • 2 Car Detached Garage
  • Newark Elementary School Rated 9+
  • Formal Dining Room
  • Enclosed Patio or Porch

About This Home

As of December 2022

Charming is the first thing that comes to mind as you walk up to this beautiful front porch. The original Woodwork is stunning, Columns between living and dining room, Hardwood floors, Decorative windows and Build-in Buffet in dining room. All these plus more just keep adding to the appeal of this home. This home is ready for a new family to start or grow into. Most of the big items have been updated in the last 4-5 years. These items include Roof, Furnace, CAC, Siding, most of the Windows and Appliances. Kitchen has new flooring. Home has been painted throughout. Features a 2.5 car detached garage on a very Large lot with Beautiful Trees in the Quaint town of Newark. Call for an appointment today.

Last Agent to Sell the Property

Laura Tomsa

Brummel Properties, Inc. License #471016446 Listed on: 10/21/2022

Last Buyer's Agent

Steve Rozhon Jr

Crosstown Realtors, Inc. License #475164695

Crosstown Realtors, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,574

Year Built

  • Built in 1910

Lot Details

  • 15,682 Sq Ft Lot
  • Lot Dimensions are 1100 x 133

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,318 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Mud Room
  • Living Room
  • Formal Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Newark Elementary School
  • Millbrook Junior High School
  • Newark Community High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,574

Year Built

Built in 1910

Lot Details

0.36 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Full Bath, Built-in Features, Separate Dining Room
  • LivingArea: 1318
  • Room Type: Enclosed Porch, Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Gravel
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Newark Elementary School
  • High School: Newark Community High School
  • Middle/Junior School: Millbrook Junior High School

Lot Info

  • Lot Size Acres: 0.36
  • Lot Dimensions: 1100 X 133
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2574.46
  • Tax Year: 2021
  • Tax Exemptions: Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Dec 9, 2022
Sold by
Neitzer Michael J and Neitzer Teresa R
Bought by
Garrity Emily
Seller's Agent
Laura Tomsa
Brummel Properties, Inc.
Buyer's Agent
Steve Rozhon Jr
Crosstown Realtors, Inc.
List Price
$229,900
Sold Price
$213,000
Premium/Discount to List
-$16,900
-7.35%
Views
56
Current Estimated Value
$262,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,538
Avg. Annual Appreciation
6.50%
Original Mortgage
$202,350
Outstanding Balance
$196,200
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$66,338

Purchase Details

Closed on
Apr 16, 2019
Sold by
Neitzer Michael J
Bought by
Neitzer Michael J and Neitzer Teresa R

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 13, 2016
Sold by
Secretary Of Hud
Bought by
Nietzer Ii Michael
Seller's Agent
Marisa Barragan
Compass REO Incorporated
Buyer's Agent
Kathy Brooks
Brummel Properties, Inc.
List Price
$105,000
Sold Price
$97,500
Premium/Discount to List
-$7,500
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.70%
Original Mortgage
$94,575
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Roverdr Robe4t R
Bought by
Secretary Of Houisnhg And Urabdk Develo

Purchase Details

Closed on
Jun 9, 2010
Sold by
Chelsen Eleanor
Bought by
Roeder Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,232
Interest Rate
5.25%
Mortgage Type
FHA
Source: Public Records
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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
Garrity Emily $213,000 First American Title
Neitzer Michael J -- None Available
Nietzer Ii Michael -- Fidelity National Title Insu
Secretary Of Houisnhg And Urabdk Develo -- None Available
Roeder Robert R $133,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrity Emily $202,350
Previous Owner Nietzer Ii Michael $94,575
Previous Owner Roeder Robert R $131,232
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2022 12/15/22 Sold $213,000 -3.1% $162 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/04/2022 11/04/22 Price Changed $219,900 -4.3% $167 / Sq Ft
10/21/2022 10/21/22 For Sale $229,900 +135.8% $174 / Sq Ft
07/15/2016 07/15/16 Sold $97,500 -7.1% $74 / Sq Ft View Prior Sale
05/05/2016 05/05/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $105,000 -- $80 / 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
2024 $5,359 $77,118 $19,664 $57,454
2023 $2,668 $69,251 $17,658 $51,593
2022 $2,668 $40,354 $17,333 $23,021
2021 $2,574 $37,909 $16,283 $21,626
2020 $2,504 $37,250 $16,000 $21,250
2019 $2,339 $34,612 $16,288 $18,324
2018 $2,270 $33,594 $16,214 $17,380
2017 $2,263 $33,150 $16,000 $17,150
2016 $2,723 $32,500 $16,000 $16,500
2015 $1,706 $44,090 $16,000 $28,090
2014 -- $43,057 $18,052 $25,005
2013 -- $43,057 $18,052 $25,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11658109

Midwest Real Estate Data (MRED)

APN: 07-05-102-006

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