Seller's Agent in 2023
Basel Tarabein
RE/MAX
(847) 828-2243
1 in this area
351 Total Sales
701 N 5th Ave Unit 201 Addison, IL 60101
Estimated Value: $279,450
2
Beds
2
Baths
1,485
Sq Ft
$287/mo
HOA Fee
Highlights
- Lock-and-Leave Community
- Elevator
- 1 Car Attached Garage
- Corner Lot
- Balcony
- Resident Manager or Management On Site
About This Home
As of August 2023Welcome to the pre-approved short sale listing for the property located at 701 N. 5th Ave. #201, Addison, IL. Priced tens of thousands below market value!! This 2-bedroom, 2-bathroom condo is a great opportunity for buyers looking for a spacious and modern living space at an affordable price. The condo features an open-concept layout with hardwood floors and plenty of natural light. The living room and dining area are perfect for entertaining, while the fully-equipped kitchen features stainless steel appliances and granite countertops. The master bedroom includes a walk-in closet and an en-suite bathroom with a dual sink vanity, soaking tub, and separate shower. The second bedroom is perfect for guests or can be used as a home office. Additional features of this property include central air conditioning, a private balcony, washer & dryer in unit, and a designated heated parking garage. The short sale has been pre-approved at the above price. All offers must be equal or higher than asking price. Offers must include pre-approval letter and/or proof of funds. Contact us today to schedule a viewing!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,511
Year Built
- Built in 2003
Lot Details
- 4.19
HOA Fees
- $287 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 1,485 Sq Ft Home
- 1-Story Property
- Family Room
- Combination Dining and Living Room
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
Schools
- Wesley Elementary School
- Indian Trail Junior High School
- Addison Trail High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
Overview
- Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 10 Units
- Michelle Association, Phone Number (630) 351-5600
- Avanti Place Subdivision
- Property managed by Dandre Management
- Lock-and-Leave Community
Pet Policy
- Pets up to 35 lbs
- Dogs and Cats Allowed
Additional Features
- Elevator
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2023
Closed on
Aug 21, 2023
Sold by
Soliman Sohair
Bought by
Los Volodymyr
Seller's Agent
Basel Tarabein
RE/MAX At Home
Buyer's Agent
Oksana Kuleshko
KOMAR
List Price
$240,000
Sold Price
$257,500
Premium/Discount to List
$17,500
7.29%
Total Days on Market
7
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,950
Avg. Annual Appreciation
4.96%
Original Mortgage
$162,500
Outstanding Balance
$159,703
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$119,747
Purchase Details
Closed on
Feb 22, 2006
Sold by
Oxford Bank & Trust
Bought by
Soliman Karim S and Soliman Sohair
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,700
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Los Volodymyr | $257,500 | None Listed On Document | |
| Soliman Karim S | $258,000 | Ticor Title Insurance Compan |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Los Volodymyr | $162,500 | |
| Previous Owner | Soliman Karim S | $237,603 | |
| Previous Owner | Soliman Karim S | $230,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2023 08/25/23 | Sold | $257,500 | +7.3% | $173 / Sq Ft |
| 04/26/2023 04/26/23 | Pending | -- | -- | -- |
| 04/18/2023 04/18/23 | For Sale | $240,000 | -- | $162 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $5,126 | $69,630 | $5,220 | $64,410 |
| 2022 | $4,697 | $63,770 | $4,780 | $58,990 |
| 2021 | $4,511 | $61,080 | $4,580 | $56,500 |
| 2020 | $4,401 | $58,510 | $4,390 | $54,120 |
| 2018 | $4,567 | $56,260 | $4,220 | $52,040 |
| 2017 | $4,463 | $53,770 | $4,030 | $49,740 |
| 2016 | $4,369 | $49,640 | $3,720 | $45,920 |
Source: Public Records
Agents Affiliated with this Home
-
Basel Tarabein
-
Oksana Kuleshko
Buyer's Agent in 2023
Oksana Kuleshko
KOMAR
(773) 690-2393
2 in this area
49 Total Sales
Map
Similar Homes in Addison, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 11762179
APN: 03-20-327-043
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