NOT LISTED FOR SALE

7032 Palma Ln Morton Grove, IL 60053

Estimated Value: $436,982 - $475,000

3 Beds
2 Baths
1,210 Sq Ft
$378/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $415,000 $343 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,150/month

19 Days on Market

Highlights

  • Property is near a park
  • Ranch Style House
  • Whirlpool Bathtub
  • Hynes Elementary School Rated A
  • Wood Flooring
  • Fenced Yard

About This Home

As of August 2024

Welcome home! This beautiful 3-bedroom Ranch home, is warm, inviting and move-in ready! Recently rehabbed in 2014, Huge Galley kitchen with quartz counter tops, custom white 42-inch cabinetry, and stainless-steel appliances. Large Eat-in dining room/kitchen combo. Hardwood floors throughout. Tankless Hot water system, state of the art thermostats, and remote-controlled lighting and fans. Repainted exterior siding in 2020, to a beautiful deep blue. Completely wood-fenced in backyard. Highly sought after school district 67. You will love calling this home! Come see for yourself!

Last Agent to Sell the Property

Jaime Braasch

@properties Christie's International Real Estate License #475146757 Listed on: 05/18/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Julie Fleetwood

Jameson Sotheby's International Realty License #475156537

Jameson Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,262

Year Built

  • Built in 1953

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x114
  • Fenced Yard
  • Wood Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,210 Sq Ft Home
  • Ceiling Fan
  • Plantation Shutters
  • Family or Dining Combination
  • Wood Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Home Security

  • Storm Screens
  • Storm Windows

Outdoor Features

  • Patio
  • Fire Pit

Location

  • Property is near a park

Schools

  • Hynes Elementary School
  • Golf Middle School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,262

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1953
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Dining Combo
  • LivingArea: 1210
  • Other Equipment: Ceiling Fan(s)
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 1210
  • Basement Description: Crawl
  • Bathroom Amenities: Whirlpool,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1210
  • Total Sq Ft: 1210
  • Attic: Full,Pull Down Stair
  • Main Level Sq Ft: 1210
  • Door Features: Storm Door(s),Sliding Glass Door(s)
  • Window Features: Plantation Shutters,Storm Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens, Fire Pit
  • Foundation Details: Concrete Perimeter
  • List Price: 425000
  • Lot Features: Fenced Yard, Wood Fence
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 5
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Laundry Closet
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Hynes Elementary School
  • Middle/Junior School: Golf Middle School
  • Middle/Junior School District: 67

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 60X114
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 7262
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2024
Closed on
Aug 8, 2024
Sold by
Messner Robert M and Leahy Heather
Bought by
Liu Yen-Chyn and Wang Wei-Chun
Seller's Agent
Jaime Braasch
@properties Christie's International Real Estate
Buyer's Agent
Julie Fleetwood
Jameson Sotheby's International Realty
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
31
Current Estimated Value
$457,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,496
Avg. Annual Appreciation
8.85%
Original Mortgage
$311,250
Outstanding Balance
$302,997
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$154,499

Purchase Details

Listed on
May 23, 2019
Closed on
Jul 31, 2019
Sold by
Shafi Muhammad Tariq and Shafi Humaira Tariq
Bought by
Messner Robert M and Leahy Heather
Seller's Agent
Matt Hautala
Century 21 Circle
Buyer's Agent
Matt Hautala
Century 21 Circle
List Price
$312,500
Sold Price
$284,000
Premium/Discount to List
-$28,500
-9.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$269,800
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2014
Closed on
Apr 30, 2014
Sold by
Kruse Jason G
Bought by
Shafi Muhammad Tariq and Shafi Humaira Tariq
Seller's Agent
Lawrence Trickle
Buyer's Agent
Matt Hautala
Century 21 Circle
List Price
$162,500
Sold Price
$180,600
Premium/Discount to List
$18,100
11.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
Mar 23, 2010
Sold by
Kruse Jamee F
Bought by
Kruse Jamee F and Jamee F Kruse Living 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
Liu Yen-Chyn $415,000 Proper Title
Messner Robert M $284,000 Attorney
Shafi Muhammad Tariq $181,000 Chicago Title Insurance Co
Kruse Jamee F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Yen-Chyn $311,250
Previous Owner Messner Robert M $269,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $415,000 -2.4% $343 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $425,000 0.0% $351 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $425,000 +49.6% $351 / Sq Ft
07/31/2019 07/31/19 Sold $284,000 -5.3% $235 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
06/13/2019 06/13/19 Price Changed $299,900 -4.0% $248 / Sq Ft
05/23/2019 05/23/19 For Sale $312,500 +73.0% $258 / Sq Ft
04/30/2014 04/30/14 Sold $180,600 0.0% $149 / Sq Ft
04/08/2014 04/08/14 Pending -- -- --
04/06/2014 04/06/14 Off Market $180,600 -- --
04/01/2014 04/01/14 For Sale $162,500 -- $134 / 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 $8,704 $32,001 $9,718 $22,283
2023 $8,316 $32,001 $9,718 $22,283
2022 $8,316 $32,001 $9,718 $22,283
2021 $7,262 $24,523 $5,980 $18,543
2020 $7,132 $24,523 $5,980 $18,543
2019 $6,302 $27,554 $5,980 $21,574
2018 $5,479 $22,271 $5,419 $16,852
2017 $5,516 $22,271 $5,419 $16,852
2016 $5,460 $22,271 $5,419 $16,852
2015 $5,272 $20,038 $4,671 $15,367
2014 $5,187 $20,038 $4,671 $15,367
2013 $6,173 $23,782 $4,671 $19,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12058835

Midwest Real Estate Data (MRED)

APN: 10-18-110-064-0000