NOT LISTED FOR SALE

540 N Fairmont Ave Kankakee, IL 60901

Estimated Value: $98,000 - $129,883

2 Beds
1 Bath
850 Sq Ft
$136/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2024

Last sale price $125,000 $147 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $777 / mo

25 Days on Market

Highlights

  • 1 Car Detached Garage
  • 1-Story Property
  • Central Air

About This Home

As of September 2024

Welcome to your perfect starter home or ideal downsizer retreat! This completely rehabbed gem features 2 generously sized bedrooms, 1 pristine bathroom, and a detached one-car garage. Enjoy peace of mind with comprehensive upgrades, including a new roof, siding, flooring, windows, kitchen, bathroom, furnace, AC system, water heater, electrical and plumbing. Fresh paint and new appliances add the final touches, making this home move-in ready. Don't miss the chance to own a home where everything is new and ready for you! Call today to schedule your private showing!

Last Agent to Sell the Property

Elizabeth Barbosa

RE/MAX Prestige Homes License #475199321 Listed on: 07/31/2024

RE/MAX Prestige Homes

Last Buyer's Agent

Edy Ramirez

Keller Williams ONEChicago License #475194190

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 1958 | Remodeled in 2024

Lot Details

  • Lot Dimensions are 45x119.68
  • Property is zoned SINGL

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,867

Year Built

Built in 1958 | Remodeled in 2024

Lot Details

5,358 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • 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): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 850
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 45X119.68
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 1867.22
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2024
Closed on
Sep 27, 2024
Sold by
Briones Alex
Bought by
Salamanca Jhojan Zarate
Seller's Agent
Elizabeth Barbosa
RE/MAX Prestige Homes
Buyer's Agent
Edy Ramirez
Keller Williams ONEChicago
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Views
36
Current Estimated Value
$115,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,029
Avg. Annual Appreciation
-4.69%
Original Mortgage
$122,735
Outstanding Balance
$120,543
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
-$4,572

Purchase Details

Closed on
Oct 31, 2023
Sold by
Venegas Emilio and Estrada Maria E
Bought by
Briones Alex

Purchase Details

Closed on
Jan 5, 2022
Sold by
Trust No 16-09-33-405-007
Bought by
Venegas Emilio and Estrada Maria E

Purchase Details

Closed on
Sep 21, 2021
Sold by
County Clerk/County/Kankakee
Bought by
Trust No 16-09-33-405-007 and Kankakee County

Purchase Details

Closed on
Apr 12, 2021
Sold by
Simmons Cedrick D
Bought by
Simmons Cedrick D
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
Salamanca Jhojan Zarate $125,000 Kankakee Title
Briones Alex -- None Listed On Document
Venegas Emilio -- Schrimpf Stephen P
Trust No 16-09-33-405-007 -- None Listed On Document
Simmons Cedrick D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salamanca Jhojan Zarate $122,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $125,000 0.0% $147 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
08/14/2024 08/14/24 Price Changed $125,000 -7.4% $147 / Sq Ft
07/31/2024 07/31/24 For Sale $135,000 -- $159 / 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
2025 $1,938 $18,595 $1,151 $17,444
2024 $1,938 $16,383 $1,014 $15,369
2023 $1,895 $14,595 $903 $13,692
2022 $1,737 $12,774 $790 $11,984
2021 $1 $11,560 $715 $10,845
2020 $1,521 $10,391 $643 $9,748
2019 $1,449 $9,666 $598 $9,068
2018 $1,396 $8,950 $554 $8,396
2017 $1,563 $8,753 $542 $8,211
2016 $1,465 $8,581 $531 $8,050
2015 $1,415 $8,756 $542 $8,214
2014 $1,363 $8,756 $542 $8,214
2013 -- $9,121 $565 $8,556
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12125890

Midwest Real Estate Data (MRED)

APN: 16-09-33-405-007

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