NOT LISTED FOR SALE

7008 W Archer Ave Chicago, IL 60638

Garfield Ridge Neighborhood

Estimated Value: $522,000 - $583,000

6 Beds
5 Baths
3,300 Sq Ft
$167/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $310,000 $94 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,381/month

About This Home

As of July 2014

GREAT OPPORTUNITY HAS FINALLY ARRIVE! THIS AMAZING THREE UNIT BUILDING WITH LOWER LEVEL UNIT HAS A COMMERCIAL STORE FRONT, IS A TRUE MONEY MAKER!!! FRIST TWO UNITS FEATURE 3 BEDROOMS 1 1/2 BATHS WITH A SUPER LARGE TRIPLE DECK AND TWO CAR GARAGE WITH STORAGE SPACE. NEWER ROOF & WATER TANKS, PROOF OF CASH FLOW IS AVAILABLE UPON REQUEST.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2014
Closed on
Jul 3, 2014
Sold by
Garcia Jose M
Bought by
Magdaleno Gustavo
Seller's Agent
Eduardo Garza
Redfin Corporation
Buyer's Agent
Maria Ivette Hollendoner
Keller Williams Preferred Realty
List Price
$359,900
Sold Price
$310,000
Premium/Discount to List
-$49,900
-13.86%
Current Estimated Value
$552,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,500
Avg. Annual Appreciation
4.56%
Original Mortgage
$200,000
Interest Rate
4.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2005
Sold by
Dupage National Bank
Bought by
Garcia Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 1998
Sold by
Palos Bank & Trust Company
Bought by
Dupage National Bank and Trust #1651
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Magdaleno Gustavo $310,000 Chicago Title Insurance Co
Garcia Jose M $485,000 Git
Dupage National Bank $270,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magdaleno Gustavo $200,000
Closed Magdaleno Gustavo $200,000
Previous Owner Garcia Jose M $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $310,000 -8.8% --
03/31/2014 03/31/14 Pending -- -- --
03/26/2014 03/26/14 Price Changed $339,900 -2.9% --
03/07/2014 03/07/14 Price Changed $349,900 -2.8% --
01/18/2014 01/18/14 For Sale $359,900 -- --

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 $5,564 $44,000 $4,375 $39,625
2023 $5,424 $26,369 $3,906 $22,463
2022 $5,424 $26,369 $3,906 $22,463
2021 $5,303 $26,369 $3,906 $22,463
2020 $5,301 $23,797 $3,125 $20,672
2019 $5,433 $27,043 $3,125 $23,918
2018 $5,342 $27,043 $3,125 $23,918
2017 $6,764 $31,421 $2,812 $28,609
2016 $6,293 $31,421 $2,812 $28,609
2015 $5,758 $31,421 $2,812 $28,609
2014 $4,176 $25,076 $2,656 $22,420
2013 $4,082 $25,076 $2,656 $22,420
Source: Public Records

Agents Affiliated with this Home

  • Maria Ivette Hollendoner

    Buyer's Agent in 2014

    Maria Ivette Hollendoner

    Keller Williams Preferred Realty

    (312) 505-9611

    2 in this area

    180 Total Sales

    Maria Ivette Hollendoner
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Map

Illinois Cook County Chicago 60638 Garfield Ridge

7008 W Archer Ave, Chicago, IL

This home is located at 7008 W Archer Ave, Chicago, IL 60638 and is currently estimated at $552,500, approximately $167 per square foot. 7008 W Archer Ave is a home located in Cook County with nearby schools including Byrne Elementary School, Kennedy High School, and Peckwas Preparatory Academy.

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.

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