NOT LISTED FOR SALE

5502 May Ave Richmond, IL 60071

Estimated Value: $226,000 - $246,000

3 Beds
1 Bath
1,000 Sq Ft
$236/Sq Ft Est. Value

Last Sold December 05, 2014

Last sale price $100,000 $100 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,473/month

167 Days on Market

Highlights

  • Ranch Style House
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2014

Newer driveway, siding, windows, kitchen, bath, furnace, a/c, water/sewer, electrical. Basement is ready to be finished with stubbed in bath, extra bed room, family room and laundry. Fenced yard. Hot tub is in as-is condition.

Last Agent to Sell the Property

Gary Lechner

Hometown Realty, Ltd. License #471010092 Listed on: 05/01/2014

Last Buyer's Agent

Rob Corsello

Berkshire Hathaway HomeServices Starck Real Estate License #475124184

Berkshire Hathaway HomeServices Starck Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1955

Lot Details

  • 7,405

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 18X13, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 13X10, On Level: Main Level, Flooring: Vinyl, Windows: Blinds
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 11X9, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 3: Dimensions: 11X9, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Estimated Sq Ft: 1000

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.1751

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 100 Amp Service
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • Junior High Dist: 13

Lot Info

  • Lot Dimensions: 60 X 120
  • Parcel Identification Number: 0416201023

Tax Info

  • Taxes: 2832.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
Dec 5, 2014
Sold by
Sierra Investments Llc
Bought by
Hausknecht William and Domenico Nina
Seller's Agent
Gary Lechner
Hometown Realty, Ltd.
Buyer's Agent
Rob Corsello
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$107,900
Sold Price
$100,000
Premium/Discount to List
-$7,900
-7.32%
Current Estimated Value
$232,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,831
Avg. Annual Appreciation
7.99%
Original Mortgage
$98,188
Outstanding Balance
$75,762
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$159,767

Purchase Details

Closed on
Apr 22, 2014
Sold by
Schneider
Bought by
Sierra Investments Llc

Purchase Details

Closed on
Mar 3, 2000
Sold by
Country Properties Partnership
Bought by
Schneider Jason J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,929
Interest Rate
8.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hausknecht William $100,000 Heritage Title Company
Sierra Investments Llc $46,201 None Available
Schneider Jason J $115,900 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hausknecht William $98,188
Previous Owner Schneider Jason J $114,929
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2014 12/05/14 Sold $100,000 -2.8% $100 / Sq Ft
10/15/2014 10/15/14 Pending -- -- --
10/07/2014 10/07/14 Price Changed $102,900 -1.0% $103 / Sq Ft
09/23/2014 09/23/14 Price Changed $103,900 -1.0% $104 / Sq Ft
09/17/2014 09/17/14 Price Changed $104,900 -1.9% $105 / Sq Ft
09/07/2014 09/07/14 Price Changed $106,900 -0.9% $107 / Sq Ft
08/21/2014 08/21/14 For Sale $107,900 0.0% $108 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
07/30/2014 07/30/14 Price Changed $107,900 -0.6% $108 / Sq Ft
07/21/2014 07/21/14 Price Changed $108,500 -0.5% $109 / Sq Ft
07/13/2014 07/13/14 Price Changed $109,000 -7.5% $109 / Sq Ft
07/07/2014 07/07/14 Price Changed $117,900 -1.3% $118 / Sq Ft
06/21/2014 06/21/14 Price Changed $119,500 -2.0% $120 / Sq Ft
06/08/2014 06/08/14 Price Changed $121,900 -2.1% $122 / Sq Ft
05/28/2014 05/28/14 Price Changed $124,500 -3.9% $125 / Sq Ft
05/20/2014 05/20/14 Price Changed $129,500 -2.6% $130 / Sq Ft
05/15/2014 05/15/14 Price Changed $132,900 -3.6% $133 / Sq Ft
05/01/2014 05/01/14 For Sale $137,900 -- $138 / 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 $3,141 $56,707 $16,609 $40,098
2023 $2,931 $51,839 $15,183 $36,656
2022 $3,567 $46,677 $13,671 $33,006
2021 $3,427 $44,800 $13,121 $31,679
2020 $3,350 $43,106 $12,625 $30,481
2019 $3,295 $41,721 $12,219 $29,502
2018 $3,708 $43,899 $11,714 $32,185
2017 $3,676 $41,804 $11,155 $30,649
2016 $3,808 $39,193 $10,458 $28,735
2013 -- $31,506 $9,888 $21,618
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08601858

Midwest Real Estate Data (MRED)

APN: 04-16-201-023