NOT LISTED FOR SALE

5840 W 81st Place Burbank, IL 60459

Estimated Value: $180,000 - $285,428

4 Beds
1 Bath
1,212 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $146,000 $120 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,802/month

177 Days on Market

Highlights

  • Cape Cod Architecture
  • Living Room
  • Dining Room
  • 2 Car Detached Garage
  • Central Air

About This Home

As of March 2023

Located in sought after Burbank this charming, quaint cape cod provides a great floor plan with endless amount of potential and is a great home where value with equity can be added! The home oozes with character and charm with the natural hardwood floors in the living room, wood trim throughout the interior has a very classic feel. The floor plan is ideal with 4 bedrooms, two bedrooms on the main level with another two bedrooms on the second level, add a second bathroom to the second level to create a large master suite is an option which will add ton of value to the home. Very open and spacious kitchen with eat in area, this can be opened up to the living room and will create a very open, modern floor plan. The potential this home has is endless, solid bones, great footprint and even better location being so centrally location. Close to I-294, Close to I-55 and much more! Get inside today as this home will not be on the market for long

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 09/02/2022

RE/MAX Premier

Last Buyer's Agent

Michael Havey

RE/MAX Premier License #475150365

RE/MAX Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,002

Year Built

  • Built in 1953

Lot Details

  • Lot Dimensions are 50 x 130

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,212 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Crawl Space

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,002

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1953
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • LivingArea: 1212
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1212
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 159900
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • 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

Schools

  • Middle/Junior School District: 111

Lot Info

  • Lot Dimensions: 50 X 130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5002.11
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Mar 8, 2023
Sold by
Vrmtg Asset Trust
Bought by
257 Cf 6 Llc
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Michael Havey
RE/MAX Premier
List Price
$209,900
Sold Price
$146,000
Premium/Discount to List
-$63,900
-30.44%
Views
610
Current Estimated Value
$246,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,830
Avg. Annual Appreciation
23.55%
Original Mortgage
$200,900
Interest Rate
1.04%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2022
Sold by
Judicial Sales Corporation
Bought by
Vrmtg Asset Trust
Source: Public Records

Range of Values:

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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
257 Cf 6 Llc $146,000 None Listed On Document
Vrmtg Asset Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 257 Cf 6 Llc $221,250
Closed 257 Cf 6 Llc $200,900
Previous Owner Gallagher Patrick M $10,761
Previous Owner Gallagher Patrick M $155,000
Previous Owner Gallagher Patrick M $137,000
Previous Owner Gallagher Patrick M $121,600
Previous Owner Gallagher Patrick M $200,000
Previous Owner Gallagher Patrick M $7,686
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $146,000 -8.7% $120 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
01/09/2023 01/09/23 Price Changed $159,900 -11.1% $132 / Sq Ft
11/28/2022 11/28/22 Price Changed $179,900 -5.3% $148 / Sq Ft
11/08/2022 11/08/22 Price Changed $189,900 -5.0% $157 / Sq Ft
09/26/2022 09/26/22 Price Changed $199,900 -4.8% $165 / Sq Ft
09/02/2022 09/02/22 For Sale $209,900 -- $173 / 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 $5,487 $17,251 $4,063 $13,188
2023 $5,193 $21,001 $4,063 $16,938
2022 $5,193 $16,887 $3,575 $13,312
2021 $5,002 $16,886 $3,575 $13,311
2020 $4,907 $16,886 $3,575 $13,311
2019 $3,975 $14,523 $3,250 $11,273
2018 $3,859 $14,523 $3,250 $11,273
2017 $3,752 $14,523 $3,250 $11,273
2016 $3,723 $13,065 $2,762 $10,303
2015 $3,542 $13,065 $2,762 $10,303
2014 $3,454 $13,065 $2,762 $10,303
2013 $3,690 $14,905 $2,762 $12,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11620002

Midwest Real Estate Data (MRED)

APN: 19-32-231-039-0000