NOT LISTED FOR SALE

540 N 7th Ave Addison, IL 60101

Estimated Value: $356,000 - $441,021

4 Beds
2 Baths
1,950 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $225,900 $116 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,739/month

61 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Bar
  • Central Air
  • Attached Garage

About This Home

As of December 2018

Split level home in the Heart of Addison! Fully updated thru-out! Fresh paint~New flooring! Brand new Shaker White Kitchen with granite counters and SS appliances! 4 bedrooms with 2 fully renovated bathrooms! Lower level family room with fireplace! Sub-basement with laundry area! 2 car garage! Great value!

Last Agent to Sell the Property

Asif Mohammed

Signature Realty Group LLC License #471020577 Listed on: 09/15/2018

Last Buyer's Agent

Pete Steele

Great Western Properties License #475183749

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1967 | 2018

Lot Details

  • 7,841

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood Flooring

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Sub-Basement
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $6,000 Seller Concession

Home Details

Home Type

Single Family

Year Built | Renovated

1967 | 2018

Lot Details

7,841 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Rehab Year: 2018
  • Total Full or Half Bathrooms: 2
  • Type Detached: Split Level w/ Sub
  • Estimated Year Built: 1967
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1967
  • Year Renovated: 2018

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 8
  • Living Room: Dimensions: 21X14, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplace Location: Family Room
  • Basement: Partial
  • Basement: Finished, Sub-Basement
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: 12X13, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 11X12, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X15, On Level: 2nd Level, Flooring: Hardwood, Windows: None
  • Bedroom 2: Dimensions: 14X11, On Level: 2nd Level, Flooring: Hardwood, Windows: None
  • Bedroom 3: Dimensions: 12X11, On Level: 2nd Level, Flooring: Hardwood, Windows: None
  • Bedroom 4: Dimensions: 13X12, On Level: Lower, Flooring: Carpet, Windows: None
  • Estimated Sq Ft: 1950
  • Dining Room Type: Separate
  • Family Room: Dimensions: 13X20, On Level: Lower, Flooring: Carpet, Windows: None

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.1882

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas

Schools

  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: 82X100
  • Parcel Identification Number: 0320318006

Tax Info

  • Taxes: 6590.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2018
Closed on
Dec 26, 2018
Sold by
Mohammed Saleem and Mohammed Saleema
Bought by
Jensen Sean R
Seller's Agent
Asif Mohammed
Signature Realty Group LLC
Buyer's Agent
Pete Steele
Great Western Properties
List Price
$229,900
Sold Price
$225,900
Premium/Discount to List
-$4,000
-1.74%
Current Estimated Value
$400,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,355
Avg. Annual Appreciation
8.34%
Original Mortgage
$221,807
Outstanding Balance
$198,410
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$201,845

Purchase Details

Listed on
Sep 15, 2018
Closed on
Nov 7, 2018
Sold by
Flagstar Bank
Bought by
Mohammed Saleem
Seller's Agent
Asif Mohammed
Signature Realty Group LLC
Buyer's Agent
Pete Steele
Great Western Properties
List Price
$229,900
Sold Price
$225,900
Premium/Discount to List
-$4,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,807
Outstanding Balance
$198,410
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$201,845

Purchase Details

Closed on
Feb 15, 2009
Sold by
Kotterman James and Kotterman Jane
Bought by
Littlejohn Bobby F and Ragosa Joyce R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
5.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 1998
Sold by
Villa Park Trust & Svgs Bank
Bought by
Kotterman James and Kotterman Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.27%
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
Jensen Sean R $226,000 Attorneys Title Guaranty Fun
Mohammed Saleem -- None Available
Littlejohn Bobby F $270,000 First American Title
Kotterman James $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jensen Sean R $221,807
Previous Owner Littlejohn Bobby F $265,109
Previous Owner Kotterman James $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2018 12/28/18 Sold $225,900 -1.7% $116 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
11/03/2018 11/03/18 For Sale $229,900 0.0% $118 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
10/04/2018 10/04/18 Price Changed $229,900 -4.2% $118 / Sq Ft
09/15/2018 09/15/18 For Sale $239,900 -- $123 / 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 $8,121 $123,226 $42,218 $81,008
2023 $7,750 $113,280 $38,810 $74,470
2022 $7,019 $101,300 $35,060 $66,240
2021 $6,723 $97,030 $33,580 $63,450
2020 $6,539 $92,940 $32,160 $60,780
2019 $6,491 $89,360 $30,920 $58,440
2018 $6,767 $89,360 $30,920 $58,440
2017 $6,591 $85,400 $29,550 $55,850
2016 $6,411 $78,840 $27,280 $51,560
2015 $6,247 $72,830 $25,200 $47,630
2014 $6,146 $71,320 $23,100 $48,220
2013 $6,021 $72,770 $23,570 $49,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10084302

Midwest Real Estate Data (MRED)

APN: 03-20-318-006

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