NOT LISTED FOR SALE

5401 S Lorel Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $320,644 - $385,000

3 Beds
2 Baths
1,280 Sq Ft
$273/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $320,000 $250 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,083/month

Highlights

  • Raised Ranch Architecture
  • Bonus Room
  • 2.5 Car Detached Garage
  • Wood Flooring
  • Breakfast Room
  • Living Room

About This Home

As of June 2023

BEAUTIFUL BRICK RAISED RANCH WITH FULL FINISHED BASEMENT. 3BDR/2 BATH HOME READY FOR NEW OWNERS. METICULOUS ATTENTIONS SHOW IN EVERY ROOM OF THIS HOME. GLEAMING HARDWOOD FLOORS THROUGHOUT MAIN LEVEL. BASEMENT OFFERS LARGE FAMILY ROOM AND TWO EXTRA ROOMS; OFFICE AND A BEDROOM, LAUNDRY ROOM. NEW FURNACE AND A/C. WALKING DISTANCE TO ARCHER AVE. NOTHING TO DO BUT MOVE RIGHT IN.***SOLD BEFORE PRINT***

Last Agent to Sell the Property

Mayra Perez

Realty of America, LLC License #475193782 Listed on: 04/29/2023

Realty of America, LLC

Co-Listed By

Hilda Pasillas

Realty of America, LLC License #475196982

Last Buyer's Agent

Veronica Dorado

Luna Realty Group License #475165125

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,653

Year Built

  • Built in 1958

Lot Details

  • 3,781 Sq Ft Lot
  • Lot Dimensions are 30 x 125

Parking

  • 2.5 Car Detached Garage
  • Parking Included in Price

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,280 Sq Ft Home
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Bonus Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Sink Near Laundry
  • Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,653

Year Built

Built in 1958

Lot Details

3,781 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Raised Ranch
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Raised Ranch
  • 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1280
  • Room Type: Breakfast Room, Bonus Room
  • Estimated Total Finished Sq Ft: 1280
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1280
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Sink
  • 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

Lot Info

  • Lot Size Acres: 0.0868
  • Lot Dimensions: 30 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 1653.02
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
Jun 2, 2023
Sold by
Las Stanley
Bought by
Martinez Lizeth and Bueno Irene
Seller's Agent
Mayra Perez
Realty of America, LLC
Buyer's Agent
Veronica Dorado
Luna Realty Group
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$349,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,161
Avg. Annual Appreciation
3.16%
Original Mortgage
$281,600
Outstanding Balance
$273,607
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$75,554

Purchase Details

Closed on
Aug 18, 1994
Sold by
Las Elizabeth
Bought by
Las Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.72%
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
Martinez Lizeth $320,000 Fidelity National Title
Las Stanley -- --
Las Stanley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Lizeth $281,600
Previous Owner Las Stanley $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $320,000 0.0% $250 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $320,000 -- $250 / 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 $3,189 $29,000 $4,725 $24,275
2024 $3,189 $29,000 $4,725 $24,275
2023 $1,746 $21,000 $3,780 $17,220
2022 $1,746 $21,000 $3,780 $17,220
2021 $1,653 $21,000 $3,780 $17,220
2020 $2,946 $18,725 $3,780 $14,945
2019 $3,006 $21,040 $3,780 $17,260
2018 $3,500 $21,040 $3,780 $17,260
2017 $3,772 $17,406 $3,402 $14,004
2016 $3,509 $17,406 $3,402 $14,004
2015 $2,122 $17,406 $3,402 $14,004
2014 $2,448 $15,662 $3,213 $12,449
2013 $2,389 $15,662 $3,213 $12,449
Source: Public Records

Agents Affiliated with this Home

  • Mayra Perez

    Seller's Agent in 2023

    Mayra Perez

    Realty of America, LLC

    (708) 645-6684

    1 in this area

    76 Total Sales

    Mayra Perez
    Section Image
  • Hilda Pasillas

    Seller Co-Listing Agent in 2023

    Hilda Pasillas

    Realty of America, LLC

    (708) 890-7062

    2 in this area

    17 Total Sales

    Hilda Pasillas
    Section Image
  • Veronica Dorado

    Buyer's Agent in 2023

    Veronica Dorado

    Luna Realty Group

    (630) 639-2103

    1 in this area

    50 Total Sales

    Veronica Dorado
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11771164

Midwest Real Estate Data (MRED)

APN: 19-09-329-001-0000

Illinois Cook County Chicago 60638 Garfield Ridge

5401 S Lorel Ave, Chicago, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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