NOT LISTED FOR SALE

688 Drae Ct Unit 2 Wheeling, IL 60090

Estimated Value: $223,000 - $240,000

3 Beds
2 Baths
1,200 Sq Ft
$125/mo HOA Fee

Last Sold September 26, 2016

Last sale price $130,000 $108 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,693/month

16 Days on Market

Highlights

  • Vaulted Ceiling
  • Attached Garage
  • Central Air
  • Buffalo Grove High School Rated A+

About This Home

As of September 2016

Delightful 3 bedroom, 1 1/2 bath townhome in excellent physical condition. Great family home or investment; current tenant is moving. Features stacked washer/dryer, icy-cold central A/C, pergo flooring in family room, nice appliances, tile in kitchen and eating area and one car garage. Outdoor pool and playground are popular amenities. Cedar Run is an excellent subdivision near shopping, transportation and restaurants.

Last Agent to Sell the Property

Michael Solarz

United Real Estate - Chicago Listed on: 06/20/2016

Last Buyer's Agent

Gabriel Martinez

Iconic Real Estate of Illinois Inc License #471019380

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,683

Year Built

  • 1975

Lot Details

  • 2.34

HOA Fees

  • $125 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Laminate Flooring

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • $3,000 Seller Concession

Community Details

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,683

Year Built

1975

Lot Details

0

HOA Fees

$125 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1975
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1975

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Wood Laminate Floors
  • Number Of Rooms: 6
  • Living Room: Dimensions: 20X12, On Level: Main Level, Flooring: Wood Laminate, Windows: Blinds
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 9X8, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Kitchen Type: Dimensions: 11X9, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 14X11, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 3: Dimensions: 10X10, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Estimated Sq Ft: 1200

Exterior Features

  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Cable Access

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public, Sewer-Storm
  • 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
  • Common Area Amenities: Park/Playground, Party Room, Pool-Outdoors
  • Assessment Includes: Common Insurance, Pool, Exterior Maintenance, Lawn Care, Scavenger
  • Master Association Fee: Yes
  • Master Association Fee: 168
  • Assessment Association Fees: 125
  • Management Contact Name: office
  • Management Phone: 847-866-5368

Fee Information

  • Management Company: Cedar Run HOA

Schools

  • School District: 214
  • Junior High Dist: 21

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Common Grounds
  • Parcel Identification Number: 03042040751027

Multi Family

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

Tax Info

  • Taxes: 2565

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2016
Closed on
Aug 30, 2016
Sold by
Factor Alexander and Factor Natasha
Bought by
Richards Keith
Seller's Agent
Michael Solarz
United Real Estate - Chicago
Buyer's Agent
Gabriel Martinez
Iconic Real Estate of Illinois Inc
List Price
$129,900
Sold Price
$130,000
Premium/Discount to List
$100
0.08%
Current Estimated Value
$231,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,973
Avg. Annual Appreciation
6.68%
Original Mortgage
$122,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2016
Sold by
Equity Trust Co
Bought by
Reaf Solo 401K Trust

Purchase Details

Closed on
Mar 19, 2013
Sold by
Irazoque Jose L and Irazoque Rosario
Bought by
Equity Trust Co and Fbo Alexand Facor

Purchase Details

Closed on
Nov 29, 2004
Sold by
Irazoque Jose L
Bought by
Irazoque Jose L and Irazoque Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,398
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 21, 2003
Sold by
Irazoque Jose L and Millan Juan
Bought by
Irazoque Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.71%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 10, 2001
Sold by
Arce Cecilio and Aguilar Hortencia
Bought by
Irazoque Jose L and Millan Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,666
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 10, 1993
Sold by
Aguilar Raul A and Aguilar Amelia
Bought by
Arce Cecilio and Aguilar Hortencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.26%
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
Richards Keith $130,000 First American Title
Reaf Solo 401K Trust -- None Available
Equity Trust Co $66,500 Cambridge Title Company
Irazoque Jose L -- Chicago Title Insurance Comp
Irazoque Jose L -- Residential Title Services
Irazoque Jose L -- Residential Title Services
Irazoque Jose L $134,500 --
Arce Cecilio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Keith $122,500
Previous Owner Irazoque Jose L $171,000
Previous Owner Irazoque Jose $173,000
Previous Owner Irazoque Jose L $15,398
Previous Owner Irazoque Jose L $133,000
Previous Owner Irazoque Jose L $130,666
Previous Owner Aguilar Hortencia $15,000
Previous Owner Arce Cecilio $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2016 09/26/16 Sold $130,000 +0.1% $108 / Sq Ft
07/06/2016 07/06/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $129,900 -- $108 / 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 $3,683 $14,308 $1,968 $12,340
2023 $3,479 $14,308 $1,968 $12,340
2022 $3,479 $14,308 $1,968 $12,340
2021 $2,110 $9,025 $327 $8,698
2020 $2,137 $9,025 $327 $8,698
2019 $3,309 $10,099 $327 $9,772
2018 $2,365 $6,482 $262 $6,220
2017 $2,317 $6,482 $262 $6,220
2016 $2,163 $6,482 $262 $6,220
2015 $2,629 $7,379 $1,114 $6,265
2014 $2,565 $7,379 $1,114 $6,265
2013 $1,524 $7,379 $1,114 $6,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09264084

Midwest Real Estate Data (MRED)

APN: 03-04-204-075-1027