NOT LISTED FOR SALE

620 Piper Ln Prospect Heights, IL 60070

Forest River Neighborhood

Estimated Value: $609,000

36 Beds
21 Baths
-- Sq Ft
36,590 Sq Ft Lot

Last Sold January 15, 2016

Last sale price $350,500

Est. 74% increase in value since last sale

Current estimated payment $3,250/month

12 Days on Market

About This Home

As of January 2016

Bright, yellow brick, 6-unit building. Three 2-Bd and three 1-Bd. All units above ground. Assn fees provide scavenger, snow removal & landscaping. Close to I-294; easy access to Milwaukee Ave & Palwaukee Airport, elementary schools.

Last Agent to Sell the Property

Pablo Ayala

RE/MAX Suburban License #475141844 Listed on: 11/18/2015

RE/MAX Suburban

Last Buyer's Agent

Sappan Bhatt

Provident Realty, Inc. License #475122980

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 0.84

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $3,966
  • Insurance Expense $3,000

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0.84 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Utilities To Site: Sanitary Sewer to Site, Water-Community
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 31376
  • Outdoor Parking: 6-12 Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 2000
  • Roof Coverings: Tar and Gravel
  • Roof Structure: Flat
  • Total Annual Exp: 23224
  • Total Annual Income: 54600
  • Total Monthly Income: 4550
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1972
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1972

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 11

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Alarm On Site, Fire Extinguisher/s
  • Heatventilation: Gas, Hot Water
  • Water Expense: 6165

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 291
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1440

Lot Info

  • Lot Dimensions: 4900 SQF
  • Lot Sq Ft: 4900
  • Parcel Identification Number: 03242004100000

Rental Info

  • Gross Rental Income: 54600
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 3966
  • Insurance Expense: 3000
  • Other Expenses: 2400
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 8638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2015
Closed on
Jan 15, 2016
Sold by
Gul Shabnum
Bought by
Paragon Realty Llc
Seller's Agent
Pablo Ayala
RE/MAX Suburban
Buyer's Agent
Sappan Bhatt
Provident Realty, Inc.
List Price
$359,777
Sold Price
$350,500
Premium/Discount to List
-$9,277
-2.58%
Current Estimated Value
$609,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,500
Avg. Annual Appreciation
5.57%
Original Mortgage
$262,875
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 19, 2011
Sold by
Shin Joan E
Bought by
Gul Shabnum

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,100
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Paragon Realty Llc $350,500 Attorney
Gul Shabnum $333,000 Republic Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Paragon Realty Llc $262,875
Previous Owner Gul Shabnum $233,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $350,500 -2.6% --
11/30/2015 11/30/15 Pending -- -- --
11/18/2015 11/18/15 For Sale $359,777 -- --
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
2025 $566 $183 $1 $182
2024 $566 $1,638 $1,456 $182
2023 $531 $1,638 $1,456 $182
2022 $531 $1,638 $1,456 $182
2021 $412 $1,092 $910 $182
2020 $399 $1,092 $910 $182
2019 $365 $1,092 $910 $182
2018 $373 $1,001 $819 $182
2017 $366 $1,001 $819 $182
2016 $355 $1,001 $819 $182
2015 $336 $873 $873 $0
2014 $328 $873 $873 $0
2013 $306 $873 $873 $0
Source: Public Records

Agents Affiliated with this Home

  • Pablo Ayala

    Seller's Agent in 2016

    Pablo Ayala

    RE/MAX Suburban

    (847) 353-7616

    2 in this area

    53 Total Sales

    Pablo Ayala
    Section Image
  • Sappan Bhatt

    Buyer's Agent in 2016

    Sappan Bhatt

    Provident Realty, Inc.

    (224) 305-3017

    4 Total Sales

    Sappan Bhatt
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09089517

Midwest Real Estate Data (MRED)

APN: 03-24-200-043-0000

Illinois Cook County Prospect Heights 60070 Forest River

620 Piper Ln, Prospect Heights, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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