NOT LISTED FOR SALE

703 Bittersweet Ln New Lenox, IL 60451

Estimated Value: $373,975 - $801,000

6 Beds
6 Baths
-- Sq Ft
0.48 Acres

Last Sold August 03, 2018

Last sale price $335,000

Est. 54% increase in value since last sale

Current estimated payment $3,477/month

53 Days on Market

Highlights

  • 2 Car Attached Garage
  • Bentley Elementary School Rated 9+
  • Baseboard Heating

About This Home

As of August 2018

Check out this cash flow property. $3,500 total a month in rental income with a possible $3,800 in rental income. Possible owners unit on first floor with possible 3 bedrooms and 3 bathrooms. Two studio apartments. One single bedroom apartment. Lots of updates! Priced to sell!

Last Agent to Sell the Property

Kody Lathus

Exclusive Realtors License #471020427 Listed on: 04/12/2018

Last Buyer's Agent

Kristina Ellison

United Real Estate - Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,465

Year Renovated

  • 2017

Lot Details

  • 0.48

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Radiator
  • Baseboard Heating
  • Radiant Heating System
  • Well
  • Private or Community Septic Tank

Additional Features

  • Crawl Space
  • Lot Dimensions are 99x99

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,465

Year Renovated

2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Fireplace-Wood,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • Room: 3

Exterior Features

  • List Price: 350000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Heating: Baseboard, Radiant, Radiator(s)
  • Water Source: Private Well

Schools

  • Middle/Junior School District: 122

Lot Info

  • Lot Dimensions: 99X99
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 6465
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Story Unit/s,Converted Residence,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Aug 2, 2018
Sold by
Mitcheff Tari L
Bought by
Ofori Bernaro
Seller's Agent
Kody Lathus
Exclusive Realtors
Buyer's Agent
Kristina Ellison
United Real Estate - Chicago
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$514,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,744
Avg. Annual Appreciation
6.14%
Original Mortgage
$328,932
Outstanding Balance
$285,664
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$229,080

Purchase Details

Closed on
Feb 24, 2006
Sold by
Shepherd Everette O and Shepherd Alma D
Bought by
Mitcheff Phillip A and Mitcheff Tari L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Ofori Bernaro $335,000 Fidelity National Title Ins
Mitcheff Phillip A $262,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofori Bernaro $328,932
Previous Owner Mitcheff Phillip A $194,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2018 08/03/18 Sold $335,000 -4.3% --
06/04/2018 06/04/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $350,000 -- --
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 $8,976 $114,722 $31,518 $83,204
2023 $8,976 $104,578 $28,731 $75,847
2022 $8,036 $96,341 $26,468 $69,873
2021 $7,657 $90,605 $24,892 $65,713
2020 $7,453 $87,372 $24,004 $63,368
2019 $7,143 $84,663 $23,260 $61,403
2018 $6,992 $81,744 $22,458 $59,286
2017 $6,649 $79,394 $21,812 $57,582
2016 $6,465 $77,269 $21,228 $56,041
2015 $6,280 $74,837 $20,560 $54,277
2014 $6,280 $73,913 $20,306 $53,607
2013 $6,280 $74,910 $20,580 $54,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09914115

Midwest Real Estate Data (MRED)

APN: 15-08-14-302-004