NOT LISTED FOR SALE

550 Kingman Ln Hoffman Estates, IL 60169

South Hoffman Estates Neighborhood

Estimated Value: $307,000 - $365,828

3 Beds
2 Baths
1,405 Sq Ft
$245/Sq Ft Est. Value

Last Sold February 19, 2020

Last sale price $185,000 $132 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,377/month

7 Days on Market

Highlights

  • Main Floor Bedroom
  • Walk-In Pantry
  • Breakfast Bar
  • Helen Keller Junior High School Rated A-
  • Detached Garage
  • Patio

About This Home

As of February 2020

ORIGINAL 3 BEDROOM, ONE AND A HALF BATH RANCH HOME WITH FAMILY ROOM. ADDITION HAS TREMENDOUS POTENTIAL. EXTRA LARGE LOT NEAR PARK, POND AND ELEMENTRY SCHOOL, OVER SIZED DRIVEWAY, NEWER FURNACE AND CONVERTED GARAGE INTO A LARGE FAMILY ROOM. HOME NEEDS WORK BUT PRICED WELL. EXCELLENT LOCATION! HOME SOLD AS IS.

Last Agent to Sell the Property

Kevin Forkin

RE/MAX Liberty License #471001253 Listed on: 01/13/2020

RE/MAX Liberty

Co-Listed By

Amy Will

RE/MAX Suburban License #475161258

Last Buyer's Agent

Paulina Swierczek

Hometown Real Estate License #475177417

Hometown Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1960

Lot Details

  • 10,454

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Dining Area
  • Patio
  • Property is near bus stop

Listing and Financial Details

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

Home Details

Home Type

Single Family

Year Built

1960

Lot Details

10,454 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Type Detached: 1 Story
  • Estimated Year Built: 1960
  • Tax Exemptions: Homeowner, Senior, Senior Freeze
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Interior Property Features: 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 16X14, On Level: Main Level, Flooring: Carpet, Windows: All
  • Appliances: Oven/Range, Refrigerator, Washer, Dryer
  • Equipment: Water-Softener Owned, TV-Cable, CO Detectors, Ceiling Fan
  • Attic: Full
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 12X11, On Level: Main Level, Flooring: Vinyl, Windows: All
  • Kitchen Type: Eating Area-Table Space, Pantry-Walk-in
  • Additional Rooms: Eating Area
  • Master Bedroom: Dimensions: 13X10, On Level: Main Level, Flooring: Carpet, Windows: All
  • Additional Room 1 Name: Eating Area, Dimensions: 11X7, On Level: Main Level, Flooring: Vinyl, Windows: All
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Carpet, Windows: All
  • Bedroom 3: Dimensions: 10X10, On Level: Main Level, Flooring: Carpet, Windows: All
  • Estimated Sq Ft: 1405
  • Family Room: Dimensions: 11X21, On Level: Main Level, Flooring: Carpet, Windows: All

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio
  • Acreage: 0.2475

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Garage Ownership: Owned

Utilities

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

Schools

  • Junior High Dist: 54

Lot Info

  • Lot Dimensions: 70 X 156
  • Parcel Identification Number: 07164100190000

Tax Info

  • Taxes: 1491

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2020
Closed on
Feb 15, 2020
Sold by
Benson Debra and Barile Robert
Bought by
Chocholowicz Rafal
Seller's Agent
Kevin Forkin
RE/MAX Liberty
Buyer's Agent
Paulina Swierczek
Hometown Real Estate
List Price
$209,900
Sold Price
$185,000
Premium/Discount to List
-$24,900
-11.86%
Current Estimated Value
$344,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,707
Avg. Annual Appreciation
10.85%
Original Mortgage
$175,750
Outstanding Balance
$155,793
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$188,914

Purchase Details

Closed on
Oct 30, 2013
Sold by
Barile Russell J
Bought by
Barile Russell J and The Russell J Barile Living Trust

Purchase Details

Closed on
Mar 9, 2012
Sold by
Barile Russell J
Bought by
Barile Russell J and Russel J Barile Trust

Purchase Details

Closed on
Jul 15, 1998
Sold by
Barile Russell
Bought by
Russell J Barile Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chocholowicz Rafal $185,000 Fidelity National Title
Barile Russell J -- None Available
Barile Russell J -- None Available
Russell J Barile Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chocholowicz Rafal $175,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2020 02/19/20 Sold $185,000 -11.9% $132 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $209,900 -- $149 / 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 $7,268 $31,000 $7,546 $23,454
2024 $7,268 $27,000 $6,468 $20,532
2023 $7,003 $27,000 $6,468 $20,532
2022 $7,003 $27,000 $6,468 $20,532
2021 $7,089 $21,160 $4,581 $16,579
2020 $6,924 $21,160 $4,581 $16,579
2019 $1,336 $23,776 $4,581 $19,195
2018 $1,491 $20,140 $4,042 $16,098
2017 $1,438 $20,140 $4,042 $16,098
2016 $2,052 $20,140 $4,042 $16,098
2015 $2,324 $18,230 $3,503 $14,727
2014 $2,235 $18,230 $3,503 $14,727
2013 $2,230 $18,230 $3,503 $14,727
Source: Public Records

Agents Affiliated with this Home

  • Kevin Forkin

    Seller's Agent in 2020

    Kevin Forkin

    RE/MAX Liberty

    (630) 291-7621

    64 Total Sales

    Kevin Forkin
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Amy Will

    Remax Suburban

    Section Image
  • Paulina Swierczek

    Buyer's Agent in 2020

    Paulina Swierczek

    Hometown Real Estate

    (708) 663-2741

    13 Total Sales

    Paulina Swierczek
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10609877

Midwest Real Estate Data (MRED)

APN: 07-16-410-019-0000

Illinois Cook County Hoffman Estates 60169 South Hoffman Estates

550 Kingman Ln, Hoffman Estates, 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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