NOT LISTED FOR SALE

5174 W 88th Place Oak Lawn, IL 60453

Estimated Value: $309,000 - $341,000

3 Beds
2 Baths
1,184 Sq Ft
$279/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $305,000 $258 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,453/month

2 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • 2 Car Detached Garage
  • Hometown Elementary School Rated 9+
  • Fenced Yard
  • Wet Bar

About This Home

As of July 2023

Absolutely Adorable ALL BRICK Mid-Century Split Level Located on Quiet & Tree-Lined Street! This Backyard is an Entertainer's Dream with Gorgeous Pergola & 6 Foot Privacy Fence! This Home has Great Curb Appeal with Brick & Stone Front & Beautiful Floral Landscaping. Walk in the front door into the spacious living room with dining room combination with LARGE Vaulted Ceilings and Gorgeous Real Hardwood Floors! The Eat-In Kitchen has lots of cabinets with a large pantry with roller drawers for lots of storage & with all stainless steel appliances replaced in 2016. Upstairs the real hardwood continues into all 3 Large Bedrooms! The hallway has cubbies and a linden closet for more storage & laundry shoot for convenience. Downstairs in the family room has a full wet bar & gas starting fireplace! This cute house has a full bathroom on the 2nd & lower level, great for families looking for privacy! The backyard was redesigned to impress with fresh landscaping, pergola, firepit, and 6 foot privacy fence! The garage was recently rebuilt with higher ceilings for today's more modern cars & extra storage! Other updates include: Furnace 2022, hot water heater 2020, and full tear off roof in 2015! Excellent Location in Desirable Oak Lawn school district! Close to the Metra, highways, restaurants, shopping and MORE!

Last Agent to Sell the Property

Caitlin Spencer

Baird & Warner License #475158431 Listed on: 05/18/2023

Baird & Warner

Last Buyer's Agent

Paul Osipoff

Real Broker LLC License #475175198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,396

Year Built

  • Built in 1958

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 100 x 67
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Split Level Home
  • Asphalt Roof

Interior Spaces

  • 1,184 Sq Ft Home
  • Wet Bar
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Finished Basement Bathroom

Outdoor Features

  • Patio
  • Pergola

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

$7,396

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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors
  • LivingArea: 1184
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1184
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 300000
  • Lot Features: Fenced Yard
  • OtherStructures: Pergola
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • 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
  • Middle/Junior School District: 123

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.155
  • Lot Dimensions: 100 X 67
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7395.77
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 29, 2023
Sold by
Palacz Stephanie L
Bought by
Perez Armando
Seller's Agent
Caitlin Spencer
Baird & Warner
Buyer's Agent
Paul Osipoff
Real Broker LLC
List Price
$300,000
Sold Price
$305,000
Premium/Discount to List
$5,000
1.67%
Views
274
Current Estimated Value
$326,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,996
Avg. Annual Appreciation
3.46%
Original Mortgage
$274,500
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2021
Sold by
Vari Stephanie L and Palacz Michael D
Bought by
Palacz Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2014
Closed on
Nov 5, 2014
Sold by
Kerrigan Debra and Murphy Cynthia
Bought by
Vari Stephanie L
Seller's Agent
Donna Olson
Baird & Warner
Buyer's Agent
Caitlin Spencer
Baird & Warner
List Price
$179,000
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$7,500
Interest Rate
3.91%
Mortgage Type
Stand Alone Second
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
Perez Armando $305,000 Citywide Title
Palacz Stephanie L -- Barristers Title
Vari Stephanie L $179,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Armando $274,500
Previous Owner Palacz Stephanie L $181,000
Previous Owner Vari Stephanie L $7,500
Previous Owner Vari Stephanie L $161,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $305,000 +1.7% $258 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $300,000 +67.6% $253 / Sq Ft
11/21/2014 11/21/14 Sold $179,000 0.0% $149 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
09/17/2014 09/17/14 For Sale $179,000 -- $149 / 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 $4,737 $21,263
2023 $7,562 $26,000 $4,737 $21,263
2022 $7,562 $20,721 $4,060 $16,661
2021 $7,396 $19,963 $4,060 $15,903
2020 $7,247 $19,963 $4,060 $15,903
2019 $7,287 $20,092 $3,721 $16,371
2018 $7,010 $20,092 $3,721 $16,371
2017 $7,022 $20,092 $3,721 $16,371
2016 $6,255 $17,076 $3,045 $14,031
2015 $6,187 $17,076 $3,045 $14,031
2014 $6,117 $17,076 $3,045 $14,031
2013 $4,989 $20,765 $3,045 $17,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11786829

Midwest Real Estate Data (MRED)

APN: 24-04-230-013-0000