NOT LISTED FOR SALE

5516 163rd St Oak Forest, IL 60452

Estimated Value: $292,000 - $331,951

4 Beds
2 Baths
1,800 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $295,000 $164 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,223/month

41 Days on Market

Highlights

  • Above Ground Pool
  • Wood Burning Stove
  • Vaulted Ceiling
  • Oak Forest High School Rated A-
  • Property is near a park
  • 3-minute walk to Yankee Woods

About This Home

As of March 2024

Beautiful 4 bedroom 2 bath 2-story home set on a gorgeous oversized lot across the street from the forest preserves & short walk to the golf course, park & bike paths!*You will love the huge fenced back yard with pool + quiet patio area!*Attractive updated eat in kitchen with bow window overlooking the forest preserves!*Living rm + huge family rm with fireplace/wood burning stove!*Big 2 1/2 car garage & so much more!*You won't find a nicer location!!*NEW ROOF IN 2019!*Kitchen & baths remodeled In 2013 + all new windows in 2010!!*Brand new hot water tank!*Nice storage shed too!

Last Agent to Sell the Property

Fred Soppet

Real People Realty License #475146847 Listed on: 01/05/2024

Real People Realty

Last Buyer's Agent

Maria Miller

Better Homes & Gardens Real Estate License #475114458

Better Homes & Gardens Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,248

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 111x217x38x159
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Family Room with Fireplace
  • Laminate Flooring
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Above Ground Pool
  • Patio

Location

  • Property is near a park

Schools

  • Oak Forest High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Friendly Oaks Subdivision, 2 Story Floorplan

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,248

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Friendly Oaks
  • Year Built: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: Walkout
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning Stove
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors
  • LivingArea: 1800
  • Other Equipment: Ceiling Fan(s)
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, Above Ground Pool
  • Foundation Details: Concrete Perimeter
  • List Price: 299900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt,Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Oak Forest High School
  • Middle/Junior School District: 145

Lot Info

  • Lot Dimensions: 111X217X38X159
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4247.58
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Mar 19, 2024
Sold by
Kennedy Living Trust
Bought by
Vanarkel Michael
Seller's Agent
Fred Soppet
Real People Realty
Buyer's Agent
Maria Miller
Better Homes & Gardens Real Estate
List Price
$304,900
Sold Price
$295,000
Premium/Discount to List
-$9,900
-3.25%
Views
794
Current Estimated Value
$318,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,238
Avg. Annual Appreciation
2.81%
Original Mortgage
$221,250
Outstanding Balance
$218,837
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$88,276

Purchase Details

Closed on
Jun 16, 2003
Sold by
Kennedy Michael F
Bought by
Kennedy Michael and Kennedy Sandy

Purchase Details

Closed on
Apr 8, 1996
Sold by
Kennedy Michael F
Bought by
Kennedy Michael F and Kennedy Sandra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.44%
Source: Public Records

Range of Values:

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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
Vanarkel Michael $295,000 Chicago Title
Kennedy Michael -- --
Kennedy Michael F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanarkel Michael $221,250
Closed Kennedy Living Trust $228,750
Previous Owner Kennedy Michael $60,849
Previous Owner Kennedy Michael F $75,000
Previous Owner Kennedy Michael F $36,000
Previous Owner Kennedy Michael F $140,000
Previous Owner Kennedy Michael F $24,500
Previous Owner Kennedy Michael F $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $295,000 -1.6% $164 / Sq Ft
02/07/2024 02/07/24 Price Changed $299,900 -1.6% $167 / Sq Ft
01/05/2024 01/05/24 For Sale $304,900 -- $169 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,920 $23,000 $5,616 $17,384
2023 $4,248 $23,000 $5,616 $17,384
2022 $4,248 $17,719 $4,992 $12,727
2021 $4,034 $17,718 $4,992 $12,726
2020 $3,623 $17,718 $4,992 $12,726
2019 $3,807 $16,029 $4,680 $11,349
2018 $3,718 $16,029 $4,680 $11,349
2017 $5,233 $16,029 $4,680 $11,349
2016 $5,161 $14,583 $4,368 $10,215
2015 $4,942 $14,583 $4,368 $10,215
2014 $5,662 $15,739 $4,368 $11,371
2013 $4,878 $15,366 $4,368 $10,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11956330

Midwest Real Estate Data (MRED)

APN: 28-21-119-052-0000