NOT LISTED FOR SALE

7029 Lorraine Terrace Berwyn, IL 60402

Estimated Value: $320,000 - $379,000

3 Beds
2.5 Baths
1,557 Sq Ft
$223/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $285,000 $183 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,421/month

167 Days on Market

Highlights

  • Colonial Architecture
  • Formal Dining Room
  • Living Room
  • Recreation Room
  • 2 Car Detached Garage
  • Laundry Room

About This Home

As of April 2023

Beautifully entirely repainted, on one of Stickney's prettiest and quietest blocks to live on! This solid brick Georgian home includes 3 bedrooms, 2 and 1/2 baths, a significant family room addition, and a full basement. It also includes hardwood floors under the carpets and dual-pane windows. Recent updates include a furnace, AC compressor, tuckpointing, breakers, and much more. You will love the two-car garage, large driveway, and second-floor terrace. Ideal location, just off Pershing Rd. and Harlem Ave., with close access to I55 and 294, near lots of public transportation options. All this in a quiet and well-maintained neighborhood near many excellent restaurants and stores. The home is being sold As-Is, and the buyer is responsible for the uncompleted items on the Village Inspection Report.

Last Agent to Sell the Property

Allan McLeod-Smith

Smith and Jones Realty, LLC License #471022317 Listed on: 10/13/2022

Last Buyer's Agent

Samantha Marines

Keller Williams Preferred Realty License #475187889

Keller Williams Preferred Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,449

Year Built

  • Built in 1947

Lot Details

  • 4,622 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Side Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Georgian Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,557 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Schools

  • Edison Elementary School
  • Washington Middle School
  • J Sterling Morton West High Scho

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,449

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Georgian, Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1947
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 1557
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 285000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 6
  • Driveway: Side Drive
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Edison Elementary School
  • High School: J Sterling Morton West High Scho
  • Middle/Junior School: Washington Middle School
  • Middle/Junior School District: 103

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1061
  • Lot Dimensions: 4620
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4449
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Apr 21, 2023
Sold by
Sapaula Adelmo C and Sapaula Rosetonia G
Bought by
Salgado Antonio and Salgado Griselda
Seller's Agent
Allan McLeod-Smith
Smith and Jones Realty, LLC
Buyer's Agent
Samantha Marines
Keller Williams Preferred Realty
List Price
$285,000
Sold Price
$285,000
Views
495
Current Estimated Value
$346,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,506
Avg. Annual Appreciation
8.34%
Original Mortgage
$270,750
Outstanding Balance
$264,323
Interest Rate
7.45%
Mortgage Type
New Conventional
Estimated Equity
$82,183
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
Salgado Antonio $285,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salgado Antonio $270,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $285,000 0.0% $183 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $285,000 0.0% $183 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $285,000 -1.7% $183 / Sq Ft
10/13/2022 10/13/22 For Sale $290,000 -- $186 / 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 $7,012 $27,000 $4,158 $22,842
2023 $4,531 $27,000 $4,158 $22,842
2022 $4,531 $17,574 $3,581 $13,993
2021 $4,449 $17,572 $3,580 $13,992
2020 $4,527 $17,572 $3,580 $13,992
2019 $3,909 $15,301 $3,234 $12,067
2018 $3,811 $15,301 $3,234 $12,067
2017 $3,748 $15,301 $3,234 $12,067
2016 $3,974 $13,337 $2,656 $10,681
2015 $3,756 $13,337 $2,656 $10,681
2014 $5,507 $13,337 $2,656 $10,681
2013 $6,644 $17,404 $2,656 $14,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11649505

Midwest Real Estate Data (MRED)

APN: 19-06-125-016-0000