NOT LISTED FOR SALE

702 E 3rd St Lockport, IL 60441

Estimated Value: $373,000 - $408,000

3 Beds
3 Baths
2,118 Sq Ft
$183/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $300,000 $142 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,847/month

2 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Corner Lot
  • Milne Grove Elementary School Rated A-
  • Whirlpool Bathtub
  • Attached Garage

About This Home

As of February 2021

Enjoy this sprawling corner lot ranch in the heart of Lockport! This 3 Bedroom/2.5 Bathroom Ranch is complete with an open concept main living area. Walk in and notice all the natural light shining in. Oversized kitchen boasts breakfast bar, eat-in area and custom cabinets! Enjoy the private paver brick patio which is great for outdoor entertaining. Family room with tray ceiling and half bath located off the kitchen. Laundry room and mud room on the main level. Master bedroom has it's own wing! Enjoy the cozy bedroom with a wood burning fireplace, huge bathroom complete with shower, whirlpool tub, linen closet, double vanity with Quartz counters and walk in closet! Additional bedrooms are great size with wood floors! Basement has additional mini prep/kitchen area. Additional features: 200 AMP Service, Generator Interface (located in Garage), 2.5 Car Garage with roughed in Radiant Floor Set-Up in Garage, Water Softener, Iron Breaker System for Well Water, and city sewer. You will not want to miss this impressive property!

Last Agent to Sell the Property

Jonathan Darin

Coldwell Banker Real Estate Group License #475138794 Listed on: 01/25/2021

Coldwell Banker Real Estate Group

Co-Listed By

Patrick Maier

Coldwell Banker Real Estate Group License #475170126

Last Buyer's Agent

Sheri Prodehl

Coldwell Banker Real Estate Group License #471004429

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,460

Year Built

  • 1948

Lot Details

  • 0.39

Parking

  • Attached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Block Foundation
  • Slab Foundation
  • Asphalt Shingled Roof
  • Cedar

Interior Spaces

  • Built-In Features
  • Wood Burning Fireplace
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Water Softener is Owned

Additional Features

  • Brick Porch or Patio
  • Corner Lot

Listing and Financial Details

  • $5,800 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,460

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 71-80 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1948

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 6
  • Living Room: Dimensions: 21X19, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Washer, Dryer, Water Softener Owned, Other
  • Equipment: Water-Softener Owned, Security System, Ceiling Fan, Sump Pump, Power Generator
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room, Master Bedroom
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 7X9, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 21X21, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Custom Cabinetry
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 16X11, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 13X10, On Level: Main Level
  • Bedroom 3: Dimensions: 13X11, On Level: Main Level
  • Estimated Sq Ft: 2118
  • Family Room: Dimensions: 12X16, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Foundation: Block, Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Cedar
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio, Brick Paver Patio, Storms/Screens
  • Acreage: 0.39

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Well-Private
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Zoned

Condo/Co-op/Association

  • Assessed Sq Ft: 3754

Schools

  • School District: 205
  • High School: Lockport Township High School
  • Junior High Dist: 91

Lot Info

  • Lot Dimensions: 178X90X178X92
  • Lot Description: Corner
  • Parcel Identification Number: 1104241100280000

Tax Info

  • Taxes: 7115.64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Feb 23, 2021
Sold by
Drake Thomas E and Drake Susan W
Bought by
Gerrity Shea
Seller's Agent
Jonathan Darin
Coldwell Banker Real Estate Group
Buyer's Agent
Sheri Prodehl
Coldwell Banker Real Estate Group
List Price
$288,900
Sold Price
$300,000
Premium/Discount to List
$11,100
3.84%
Current Estimated Value
$388,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,383
Avg. Annual Appreciation
5.76%
Original Mortgage
$225,000
Outstanding Balance
$201,238
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$187,145

Purchase Details

Closed on
Aug 6, 2019
Sold by
Chicago Title Land Trust Company
Bought by
Thomas And Susan Drake Joint Trust
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
Gerrity Shea $300,000 Chicago Title
Thomas And Susan Drake Joint Trust -- Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerrity Shea $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $300,000 +3.8% $142 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $288,900 -- $136 / 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 $9,460 $118,187 $28,988 $89,199
2023 $9,460 $106,102 $26,024 $80,078
2022 $8,118 $94,186 $23,101 $71,085
2021 $7,691 $88,512 $21,709 $66,803
2020 $7,493 $85,601 $20,995 $64,606
2019 $7,116 $81,138 $19,900 $61,238
2018 $6,987 $78,018 $19,135 $58,883
2017 $6,723 $73,651 $18,064 $55,587
2016 $6,425 $69,027 $16,930 $52,097
2015 $5,933 $64,389 $15,792 $48,597
2014 $5,933 $60,177 $14,759 $45,418
2013 $5,933 $62,684 $15,374 $47,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10979110

Midwest Real Estate Data (MRED)

APN: 11-04-24-110-028