NOT LISTED FOR SALE

601 Merle Ln Wheeling, IL 60090

Estimated Value: $294,000 - $327,000

2 Beds
1 Bath
972 Sq Ft
$313/Sq Ft Est. Value

Last Sold October 30, 2019

Last sale price $137,000 $141 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,150/month

190 Days on Market

Highlights

  • Detached Garage
  • Wheeling High School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of October 2019

This is an excellent opportunity to own a 3 bedroom 1 bathroom ranch home in the City of Wheeling. The home has a spacious layout and is in need of some cosmetic repairs. The property is located near schools, parks, retail, and public transportation.

Last Agent to Sell the Property

Stratos Rounis

SR Realty Group Inc. License #471001432 Listed on: 03/28/2019

Last Buyer's Agent

Rufo Moyo

RE/MAX American Dream License #475123016

RE/MAX American Dream

Home Details

Home Type

  • Single Family

Year Built

  • 1957

Lot Details

  • 6,229

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Aluminum Siding
  • Vinyl Siding

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Location

  • Flood Zone Lot

Utilities

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

Home Details

Home Type

Single Family

Year Built

1957

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Flood Zone
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Type Detached: 1 Story
  • Estimated Year Built: 1957
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1957

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 19X15, On Level: Main Level, Flooring: Wood Laminate
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Slab
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 16X8, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level, Flooring: Wood Laminate
  • Bedroom 2: Dimensions: 11X9, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 972
  • Family Room: Dimensions: 17X13, On Level: Main Level, Flooring: Ceramic Tile

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Vinyl Siding, Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 21

Lot Info

  • Lot Dimensions: 52X120
  • Parcel Identification Number: 03102130050000

Tax Info

  • Taxes: 3897

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Bautista Solano Marvin Alexis
Bought by
Bautista Property Inc
Current Estimated Value
$304,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Outstanding Balance
$145,205
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$159,068

Purchase Details

Closed on
Feb 20, 2020
Sold by
Diamante Taxi Inc
Bought by
Solano Marvin Alexis Bautista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
3.3%
Mortgage Type
Unknown

Purchase Details

Listed on
Mar 28, 2019
Closed on
Oct 15, 2019
Sold by
Us Bank National Association
Bought by
Diamante Taxi Inc
Seller's Agent
Stratos Rounis
SR Realty Group Inc.
Buyer's Agent
Rufo Moyo
RE/MAX American Dream
List Price
$159,999
Sold Price
$137,000
Premium/Discount to List
-$22,999
-14.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%
Original Mortgage
$134,600
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 29, 2019
Sold by
Wirta Mark E
Bought by
Vreo Holdings Llc

Purchase Details

Closed on
May 31, 2001
Sold by
Galvez David M and Galvez Lourdes R
Bought by
Wirta Mark E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,435
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 1995
Sold by
Schweinsberg Durwin A and Schweinsberg Patricia L
Bought by
Galvez David M and Galvez Lourdes R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,409
Interest Rate
7.52%

Purchase Details

Closed on
May 12, 1995
Sold by
Chaudhry Shagufta B
Bought by
Schweinsberg Durwin A and Schweinsberg Patricia L
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
Bautista Property Inc -- Chicago Title
Solano Marvin Alexis Bautista -- Atlas Title And Escrow
Diamante Taxi Inc $137,000 Stewart Title
Us Bank Trust National Association -- None Available
Vreo Holdings Llc -- None Available
Wirta Mark E $166,000 --
Galvez David M $128,000 --
Schweinsberg Durwin A $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bautista Property Inc $161,250
Previous Owner Solano Marvin Alexis Bautista $137,000
Previous Owner Diamante Taxi Inc $134,600
Previous Owner Wirta Mark E $163,435
Previous Owner Galvez David M $125,409
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2019 10/30/19 Sold $137,000 0.0% $141 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
10/01/2019 10/01/19 Off Market $137,000 -- --
09/18/2019 09/18/19 Price Changed $139,900 -6.7% $144 / Sq Ft
08/05/2019 08/05/19 Price Changed $149,900 -6.3% $154 / Sq Ft
07/12/2019 07/12/19 For Sale $159,999 +16.8% $165 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/16/2019 06/16/19 Off Market $137,000 -- --
06/14/2019 06/14/19 For Sale $159,999 +16.8% $165 / Sq Ft
06/13/2019 06/13/19 Off Market $137,000 -- --
03/28/2019 03/28/19 For Sale $159,999 -- $165 / 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
2025 $6,703 $23,000 $4,680 $18,320
2024 $6,703 $20,000 $4,056 $15,944
2023 $6,392 $20,000 $4,056 $15,944
2022 $6,392 $20,000 $4,056 $15,944
2021 $5,630 $15,195 $3,120 $12,075
2020 $5,483 $15,195 $3,120 $12,075
2019 $4,452 $17,016 $3,120 $13,896
2018 $3,956 $14,275 $2,652 $11,623
2017 $3,897 $14,275 $2,652 $11,623
2016 $3,930 $14,275 $2,652 $11,623
2015 $3,860 $13,456 $2,340 $11,116
2014 $3,784 $13,456 $2,340 $11,116
2013 $3,474 $13,456 $2,340 $11,116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10323977

Midwest Real Estate Data (MRED)

APN: 03-10-213-005-0000