NOT LISTED FOR SALE

703 Spring Dr Marengo, IL 60152

Estimated Value: $414,000 - $471,000

4 Beds
4 Baths
5,155 Sq Ft
$86/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $309,000 $60 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,011/month

6 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Wood Flooring
  • Riley Community Consolidated School District 18 Rated A-
  • Traditional Architecture
  • 3-minute walk to Ridge Park

About This Home

As of December 2020

THIS HOME WAS BUILT FOR ENTERTAINING * SPACIOUS KITCHEN WITH OVERSIZED ISLAND INCLUDING BEVERAGE FRIG * NEWER APPLIANCES * LARGE LIVING AND DINING ROOM OFFERS QUIET SPACE * KITCHEN, FAMILY ROOM WITH FIREPLACE, & SUN ROOM OFFER OVER THE TOP ENTERTAINING AREA * GORGEOUS BAMBOO FLOORING MOST OF MAIN LEVEL * UPSTAIRS INCLUDES HUGE MASTER SUITE WITH WALK IN CLOSET TO RIVAL YOUR FAVORITE REALITY STAR * LOFT AREA CAN BE USED AS OFFICE OR PRIVATE TV AREA * ALL 4 BEDROOMS HAVE WALK IN CLOSETS * FULL FINISHED WALK OUT BASEMENT INCLUDES FULL BATH * INLAW / ADULT CHILDREN ARRANGEMENT POTENTIAL * 2 LEVEL PATIO * FULLY FENCED BACKYARD * 3 CAR GARAGE

Last Agent to Sell the Property

Tamara Berman

CENTURY 21 New Heritage License #475178891 Listed on: 10/30/2020

CENTURY 21 New Heritage

Co-Listed By

Azucena Martinez

CENTURY 21 New Heritage License #475186902

Last Buyer's Agent

Diane Laino

HomeSmart Connect LLC License #475144281

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 2002 | 2015

Lot Details

  • 9,583

HOA Fees

  • $4 per month

Parking

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

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Recreation Room
  • Loft
  • Sun or Florida Room
  • First Floor Utility Room

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Gas
  • Water Softener is Owned

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $1,250 Seller Concession

Home Details

Home Type

Single Family

Year Built | Renovated

2002 | 2015

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Recent Rehab: Yes
  • Age: 16-20 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Rehab Year: 2015
  • Total Full or Half Bathrooms: 3.1
  • Style Of House: Traditional
  • Type Detached: 2 Stories
  • Estimated Year Built: 2002
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002
  • Year Renovated: 2015

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Laundry, Walk-In Closet(s)
  • Number Of Rooms: 9
  • Living Room: Dimensions: 14X27, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Cooktop, Range Hood, Water Softener Owned
  • Equipment: Water-Softener Owned, Ceiling Fan, Sump Pump
  • Fireplace Details: Gas Logs, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Double Sink
  • Above Grade Bedrooms: 4
  • Dining Room: Flooring: Carpet
  • Kitchen Type: Dimensions: 14X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Island, Pantry-Walk-in
  • Additional Rooms: Utility Room-1st Floor, Loft, Sun/Florida Room, Recreation Room
  • Master Bedroom: Dimensions: 22X14, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Utility Room-1st Floor, Dimensions: 10X8, On Level: Main Level
  • Additional Room 2 Name: Loft, Dimensions: 20X14, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Sunroom, Dimensions: 18X11, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 13X11, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 4 Name: Recreation Rm, Dimensions: 24X34, On Level: Walkout Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 13X11, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Estimated Sq Ft: 5155
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 18X17, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Patio
  • Acreage: 0.223

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 50

Schools

  • Junior High Dist: 165

Lot Info

  • Lot Dimensions: 75 X 130
  • Parcel Identification Number: 1601105018

Tax Info

  • Taxes: 7952.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 4, 2020
Sold by
Federoff Jarrod V and Federoff Cassie Marchetti
Bought by
Cassello Benjamin and Cassello Mary
Seller's Agent
Tamara Berman
CENTURY 21 New Heritage
Buyer's Agent
Diane Laino
HomeSmart Connect LLC
List Price
$299,000
Sold Price
$309,000
Premium/Discount to List
$10,000
3.34%
Current Estimated Value
$439,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,749
Avg. Annual Appreciation
7.29%
Original Mortgage
$298,687
Outstanding Balance
$264,323
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$178,647

Purchase Details

Closed on
Aug 2, 2020
Sold by
Federoff Jarrod V and Federoff Cassie Marchetti
Bought by
Federoff Jarrod V and Federoff Cassie Marchetti

Purchase Details

Listed on
Mar 15, 2020
Closed on
May 15, 2020
Sold by
Peevy Jeffrey L and Peevy Maria L
Bought by
Federoff Jarrod V
Seller's Agent
Becky Kirchner
RE/MAX Plaza
Buyer's Agent
Brian Knott
RE/MAX Horizon
List Price
$299,900
Sold Price
$285,500
Premium/Discount to List
-$14,400
-4.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$271,225
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2009
Sold by
Mosier Maria and Peevy Maria L
Bought by
Peevy Maria L and Peevy Jeffrey T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,902
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2008
Sold by
Mosier Jonathon
Bought by
Mosier Maria

Purchase Details

Closed on
May 26, 2006
Sold by
Alicea Edgardo A and Alicea Consuelo
Bought by
Mosier Jonathon and Mosier Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 2002
Sold by
Kennedy Homes Ltd Partnership
Bought by
Alicea Edgardo A and Alicea Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cassello Benjamin $309,000 None Available
Federoff Jarrod V -- Chicago Title
Federoff Jarrod V $285,500 None Available
Peevy Maria L -- Law Title Insurance
Mosier Maria -- None Available
Mosier Jonathon $320,000 Nlt Title Llc
Alicea Edgardo A $264,477 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassello Benjamin $298,687
Previous Owner Federoff Jarrod V $271,225
Previous Owner Peevy Maria L $226,902
Previous Owner Mosier Jonathon $220,000
Previous Owner Alicea Edgardo A $173,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2020 12/07/20 Sold $309,000 +3.3% $60 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $299,000 +4.7% $58 / Sq Ft
05/22/2020 05/22/20 Sold $285,500 -4.8% $61 / Sq Ft View Prior Sale
04/07/2020 04/07/20 Pending -- -- --
03/15/2020 03/15/20 For Sale $299,900 -- $64 / 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 $8,765 $122,938 $11,332 $111,606
2023 $8,620 $109,551 $10,098 $99,453
2022 $8,075 $95,667 $8,818 $86,849
2021 $7,637 $88,638 $8,170 $80,468
2020 $7,448 $83,795 $7,724 $76,071
2019 $7,953 $80,202 $7,393 $72,809
2018 $7,604 $77,349 $5,687 $71,662
2017 $7,508 $74,769 $5,497 $69,272
2016 $7,472 $71,921 $5,288 $66,633
2013 -- $79,438 $14,304 $65,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10916656

Midwest Real Estate Data (MRED)

APN: 16-01-105-018