NOT LISTED FOR SALE

5163 Otto Place Oak Lawn, IL 60453

Estimated Value: $316,000 - $368,000

3 Beds
2 Baths
1,185 Sq Ft
$290/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $300,000 $253 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,461/month

2 Days on Market

Highlights

  • Landscaped Professionally
  • Stainless Steel Appliances
  • Patio
  • Hometown Elementary School Rated 9+
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of August 2021

MULTIPLE OFFERS----BEST AND FINAL DUE BY 7/25 6PM Beautifully well maintained and clean split level home. Updated kitchen with GE Profile appliances, granite countertops, Pella windows and sliding doors that will lead you to the peaceful garden.Hardwood floors and mahogany doors throughout . Tons of storage options throughout the house. Many extras and too many details and updates done to list. Window screens will be replaced. This home truly represents the meaning of "move-in ready". Come and make it your forever home. thank you

Last Agent to Sell the Property

Michael Zapart

Compass License #475145813 Listed on: 07/22/2021

Compass

Co-Listed By

Guadalupe Rojas

Compass License #475184931

Last Buyer's Agent

Julie Latsko

Compass License #475183502

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,752

Year Built

  • Built in 1958

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 62 x 100
  • Landscaped Professionally

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,185 Sq Ft Home
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Finished Basement Bathroom

Outdoor Features

  • Patio

Schools

  • J Covington Elementary School
  • Oak Lawn-Hometown Middle School
  • Oak Lawn Comm High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,752

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1958
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1185
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1770
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 1770
  • Bedroom 2 Flooring: Hardwood
  • Dining Room Flooring: Hardwood
  • Kitchen Flooring: Ceramic Tile
  • Kitchen: Eating Area-Table Space
  • Living Room Flooring: Hardwood
  • Master Bedroom Flooring: Hardwood
  • Master Bedroom Dimensions: 15X12
  • Bedroom 3 Flooring: Hardwood
  • Laundry Flooring: Ceramic Tile
  • Family Room Flooring: Ceramic Tile

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • 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: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: J Covington Elementary School
  • High School: Oak Lawn Comm High School
  • Middle/Junior School: Oak Lawn-Hometown Middle School

Lot Info

  • Lot Size Acres: 0.145
  • Lot Dimensions: 62 X 100
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5752
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2023
Sold by
Watkins Sheryl R and Watkins Robert R
Bought by
Chicago Title Land Trust Company
Current Estimated Value
$343,556

Purchase Details

Listed on
Jul 22, 2021
Closed on
Aug 31, 2021
Sold by
Alpert Patrice A
Bought by
Watkins Sheryl and Watkins Robert R
Seller's Agent
Michael Zapart
Compass
Buyer's Agent
Julie Latsko
Compass
List Price
$264,900
Sold Price
$300,000
Premium/Discount to List
$35,100
13.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%
Original Mortgage
$240,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 1999
Sold by
Zad David J and Zad Sandra L
Bought by
Kores Frederick L and Alpert 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
$138,400
Interest Rate
7.61%
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
Chicago Title Land Trust Company -- Chicago Title
Watkins Sheryl $300,000 Saturn Title
Kores Frederick L $173,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watkins Sheryl $240,000
Previous Owner Kores Frederick L $138,400
Closed Kores Frederick L $17,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $300,000 +13.3% $253 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $264,900 -- $224 / 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 $7,952 $26,000 $4,418 $21,582
2023 $7,647 $26,000 $4,418 $21,582
2022 $7,647 $20,189 $3,787 $16,402
2021 $6,245 $20,188 $3,787 $16,401
2020 $6,202 $20,188 $3,787 $16,401
2019 $5,753 $19,292 $3,471 $15,821
2018 $5,532 $19,292 $3,471 $15,821
2017 $5,563 $19,292 $3,471 $15,821
2016 $5,232 $16,780 $2,840 $13,940
2015 $5,129 $16,780 $2,840 $13,940
2014 $5,091 $16,780 $2,840 $13,940
2013 -- $20,474 $2,840 $17,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11164475

Midwest Real Estate Data (MRED)

APN: 24-04-231-008-0000