NOT LISTED FOR SALE

56 N Palazzo Dr Unit 8562 Addison, IL 60101

Estimated Value: $291,473 - $340,000

2 Beds
2 Baths
1,340 Sq Ft
$250/mo HOA Fee

Last Sold October 27, 2015

Last sale price $165,000 $123 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,272/month

168 Days on Market

Highlights

  • Heated Floors
  • Balcony
  • Attached Garage
  • Stainless Steel Appliances
  • Porch
  • Kitchen Island

About This Home

As of October 2015

FULLY UPDATED 2 BR 1.5 BA TOWNHOUSE. OPEN, STAINLESS APPLS, HTD FLRS IN MSTR BA. WIC. GREAT LOCATION, CLOSE TO EXPRESSWAYS. 2 CAR GARAGE, SPACIOUS BALCONY. NO WORK NEEDED. MOVE RIGHT IN. EASY TO SHOW.

Last Agent to Sell the Property

Rosa Bueno

United Real Estate - Chicago License #475133310 Listed on: 03/31/2015

United Real Estate - Chicago

Last Buyer's Agent

Angie Corcione

Fulton Grace Realty License #471008538

Fulton Grace Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,397

Year Built

  • 1997

Lot Details

  • 9.53

HOA Fees

  • $250 per month

Parking

  • Attached Garage
  • Garage Door Opener
  • Shared Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

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

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Heated Floors
  • Primary Bathroom is a Full Bathroom
  • East or West Exposure

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,397

Year Built

1997

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 2
  • Age: 16-20 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1997
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Interior Property Features: Heated Floors, 2nd Floor Laundry, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Living Room: Dimensions: 18X15, On Level: 2nd Level, Windows: Blinds
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Equipment: Ceiling Fan
  • Basement: Slab
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 9X5, On Level: 2nd Level
  • Dining Room: Dimensions: 13X10, On Level: 2nd Level, Windows: Blinds
  • Kitchen Type: Dimensions: 10X10, On Level: 2nd Level, Windows: Blinds
  • Kitchen Type: Island
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 17X14, On Level: 2nd Level
  • Bedroom 2: Dimensions: 14X11, On Level: 2nd Level, Windows: Blinds
  • Estimated Sq Ft: 1340
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Balcony, Porch
  • Exposure: E (East)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Shared
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 250
  • Management Contact Name: DORIS
  • Management Phone: 847-301-1133

Fee Information

  • Management Company: ACM MANAGEMENT

Schools

  • School District: 88
  • Elementary School: ARMY TRAIL ELEMENTARY SCHOOL
  • Middle School: INDIAN TRAIL JUNIOR HIGH SCHOOL
  • High School: ADDISON TRAIL HIGH SCHOOL
  • Junior High Dist: 4

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 0329216056

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 2

Tax Info

  • Taxes: 3025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2015
Closed on
Oct 22, 2015
Sold by
Robles Ramiro
Bought by
Leventis Konstantinos
Seller's Agent
Rosa Bueno
United Real Estate - Chicago
Buyer's Agent
Angie Corcione
Fulton Grace Realty
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Current Estimated Value
$311,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,118
Avg. Annual Appreciation
6.58%
Original Mortgage
$132,000
Outstanding Balance
$52,087
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$259,031

Purchase Details

Listed on
Jun 24, 2013
Closed on
Jul 19, 2013
Sold by
Speciale Daniella T and Rojas Jose
Bought by
Robles Ramiro
Seller's Agent
Danielle Speciale
Buyer's Agent
Rosa Bueno
United Real Estate - Chicago
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$124,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2009
Sold by
Rodarte Merced and Aguilar Elvira
Bought by
Speciale Danielle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,283
Interest Rate
5.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2006
Sold by
Pecoraro Angela
Bought by
Rodarte Merced and Aguilar Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,500
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2004
Sold by
Pecoraro Angela and Pecoraro Onofrio S
Bought by
Pecoraro Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,700
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 27, 2004
Sold by
Riba Hicham
Bought by
Pecoraro Angela and Pecoraro Onofrio S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,450
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2000
Sold by
Randazzo James
Bought by
Riba Hicham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1997
Sold by
Pinnacle Corp
Bought by
Randazzo James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,800
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage
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
Leventis Konstantinos $165,000 First American Title Ins Co
Robles Ramiro $155,000 None Available
Speciale Danielle T $150,000 Multiple
Rodarte Merced $226,500 Heritage Title Company
Pecoraro Angela -- Stewart Title Company
Pecoraro Angela $198,500 Ctic
Riba Hicham $153,000 --
Randazzo James $133,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leventis Konstantinos $132,000
Previous Owner Robles Ramiro $124,000
Previous Owner Speciale Danielle T $147,283
Previous Owner Rodarte Merced $226,500
Previous Owner Pecoraro Angela $158,700
Previous Owner Pecoraro Angela $188,450
Previous Owner Riba Hicham $145,000
Previous Owner Randazzo James $113,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2015 10/27/15 Sold $165,000 -2.7% $123 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
09/08/2015 09/08/15 Price Changed $169,500 -0.3% $126 / Sq Ft
08/17/2015 08/17/15 Price Changed $170,000 -1.4% $127 / Sq Ft
07/08/2015 07/08/15 Price Changed $172,500 -1.3% $129 / Sq Ft
04/29/2015 04/29/15 Price Changed $174,700 -0.2% $130 / Sq Ft
03/31/2015 03/31/15 For Sale $175,000 +12.9% $131 / Sq Ft
07/30/2013 07/30/13 Sold $155,000 -3.1% -- View Prior Sale
06/29/2013 06/29/13 Pending -- -- --
06/24/2013 06/24/13 For Sale $159,900 -- --
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 $4,397 $70,381 $7,234 $63,147
2023 $4,174 $64,700 $6,650 $58,050
2022 $3,808 $57,710 $5,930 $51,780
2021 $3,640 $55,280 $5,680 $49,600
2020 $3,531 $52,950 $5,440 $47,510
2019 $3,497 $50,910 $5,230 $45,680
2018 $3,371 $47,530 $5,230 $42,300
2017 $3,273 $45,430 $5,000 $40,430
2016 $3,164 $41,950 $4,620 $37,330
2015 $3,061 $38,750 $4,270 $34,480
2014 $3,081 $38,750 $4,270 $34,480
2013 $3,025 $39,540 $4,360 $35,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08877233

Midwest Real Estate Data (MRED)

APN: 03-29-216-056