NOT LISTED FOR SALE

508 Chicago Rd Newark, IL 60541

Estimated Value: $365,002 - $498,000

6 Beds
3 Baths
3,500 Sq Ft
$123/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2016

Last sale price $200,000 $57 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,917 / mo

131 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Wooded Lot
  • Newark Elementary School Rated 9+
  • Property is near park
  • Wood Flooring

About This Home

As of May 2016

This Vintage Victorian truly one of a kind! The 1.6 acre lot w/magnificent mature trees that shade the home, & fields behind for privacy! Convenient "In-Town" location near schools, has easy access to Rt 71. The original oak woodwork is beautiful, as are the built-in pocket doors, oak floors, & leaded glass windows! The formal dining room has built-ins & a leaded glass windows. The family room has a fireplace, & doors off both sides to the deck. The kitchen has new flooring, freshly painted cabinets, & double ovens! In all there are 6 bedrooms, & 3 full baths. There is a bedroom & 2 full baths on the 1st floor. 5 bedrooms & a full bath upstairs on the 2nd floor. 3rd floor Attic w/an interior staircase & central air for the 2nd floor. Full, deep basement is w/several rooms, & side door to yard. There is a 2 Car Detached Garage to the north of the home. Home in good condition but sold in "As-Is", but seller offering a 1 Year HMS Home Warranty!

Last Agent to Sell the Property

Cindy Heckelsberg

Coldwell Banker Real Estate Group License #475142782 Listed on: 07/22/2015

Coldwell Banker Real Estate Group

Co-Listed By

Lara Heckelsberg Gawrych

Coldwell Banker Real Estate Group License #475142184

Last Buyer's Agent

Richard Olson

Olson & Assoc Inc License #471000858

Home Details

Home Type

  • Single Family

Lot Details

  • Irregular Lot
  • Wooded Lot

Parking

  • Detached Garage
  • Parking Available
  • Gravel Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Slate Roof

Interior Spaces

  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Den
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Outdoor Features

  • Above Ground Pool
  • Deck
  • Porch

Location

  • Property is near park

Utilities

  • Forced Air Zoned Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Lot Details

1.62 Acres

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 100+ Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Style Of House: Victorian
  • Type Detached: 2 Stories
  • Estimated Year Built: U
  • Tax Exemptions: Homeowner
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 11
  • Living Room: Dimensions: 16X16, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, Dishwasher, Disposal
  • Equipment: Ceiling Fan
  • Fireplace Details: Wood Burning, Attached Fireplace Doors/Screen
  • Attic: Full, Interior Stair, Unfinished
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 6
  • Above Grade Bedrooms: 6
  • Dining Room: Dimensions: 12X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X13, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Island
  • Additional Rooms: 5th Bedroom, 6th Bedroom, Den
  • Master Bedroom: Dimensions: 19X13, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 12X13, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 11X09, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 13X13, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Den, Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 14X15, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 11X11, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 3500
  • Dining Room Type: Separate
  • Family Room: Dimensions: 14X24, On Level: Main Level, Flooring: Ceramic Tile, Windows: None

Exterior Features

  • Foundation: Brick, Concrete, Stone
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles), Slate
  • Exterior Property Features: Deck, Porch, Pool Above Ground
  • Acreage: 1.62

Garage/Parking

  • Number of Cars: 6
  • Parking: Garage, Space/s
  • Parking Details: Off Street, Side Apron, Driveway
  • Number Parking Spaces: 4
  • Parking On Site: Yes
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt, Gravel
  • Parking Included In Price: Yes
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air, 1 (Window/Wall Unit), Zoned
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam, Radiators, Zoned

Schools

  • Junior High Dist: 66

Lot Info

  • Lot Dimensions: 1.62
  • Lot Description: Irregular, Park Adjacent, Wooded
  • Parcel Identification Number: 0705104005

Tax Info

  • Taxes: 5791.60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2015
Closed on
May 8, 2016
Sold by
Fangmanlea Dorism
Bought by
Smith Donald W and Smith Laura L
Seller's Agent
Cindy Heckelsberg
Coldwell Banker Real Estate Group
Buyer's Agent
Richard Olson
Olson & Assoc Inc
List Price
$239,900
Sold Price
$200,000
Premium/Discount to List
-$39,900
-16.63%
Current Estimated Value
$428,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,751
Avg. Annual Appreciation
8.02%
Original Mortgage
$242,836
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 2007
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lea Doris M Fangman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,165
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2006
Sold by
Corbel Brian and Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bearden Michael and Bearden Jeanette G
Bought by
Corbel Brian and Corbel Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 1999
Sold by
Anderson Gary and Anderson Wilma
Bought by
Bearden Michael W and Bearden Jeanette G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.76%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Donald W $200,000 Attorney
Lea Doris M Fangman -- None Available
Federal Home Loan Mortgage Corporation -- None Available
Corbel Brian $265,000 Multiple
Bearden Michael W $170,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Donald W $242,836
Previous Owner Lea Doris M Fangman $225,165
Previous Owner Corbel Brian $238,500
Previous Owner Bearden Michael W $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2016 05/24/16 Sold $200,000 -7.8% $57 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
11/16/2015 11/16/15 Price Changed $216,900 -3.6% $62 / Sq Ft
09/24/2015 09/24/15 Price Changed $224,900 -2.2% $64 / Sq Ft
08/28/2015 08/28/15 Price Changed $229,900 -2.1% $66 / Sq Ft
08/21/2015 08/21/15 Price Changed $234,900 -1.1% $67 / Sq Ft
08/05/2015 08/05/15 Price Changed $237,400 -1.0% $68 / Sq Ft
07/22/2015 07/22/15 For Sale $239,900 -- $69 / 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 $7,725 $108,517 $29,495 $79,022
2023 $6,386 $97,447 $26,486 $70,961
2022 $6,386 $88,227 $26,468 $61,759
2021 $5,153 $82,881 $24,864 $58,017
2020 $5,020 $81,440 $24,432 $57,008
2019 $5,121 $81,440 $24,432 $57,008
2018 $5,069 $80,128 $24,594 $55,534
2017 $5,057 $66,669 $24,269 $42,400
2016 $5,084 $66,669 $24,269 $42,400
2015 $6,017 $83,770 $24,000 $59,770
2014 -- $81,840 $26,076 $55,764
2013 -- $81,840 $26,076 $55,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08991175

Midwest Real Estate Data (MRED)

APN: 07-05-104-005

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