NOT LISTED FOR SALE

7033 40th Place Berwyn, IL 60402

Estimated Value: $332,000 - $419,000

5 Beds
2 Baths
2,138 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $368,000 $172 Per Sq Ft

Current estimated payment $2,498/month

10 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • Walk-Up Access
  • 2 Car Detached Garage

About This Home

As of November 2023

Newly remodeled larger 5 Bedroom 2 Bathroom custom home with built in terrace, patio. Rear addition was added recently with bedroom and walk-in closet. Finished basement with side entrance. New kitchen shaker style cabinets, quartz, stainless steel. New bathrooms. Basement bathroom with larger custom built walk-in shower. New flooring. Newly built custom stairs. New electrical panel. Side driveway with plenty of parking. Walking distance to public transportation, school and parks.

Last Agent to Sell the Property

Melanie Broderick

Metro Realty Inc. License #471014867 Listed on: 10/01/2023

Last Buyer's Agent

Gustavo Nieto

Realty of America, LLC License #475203217

Realty of America, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,699

Year Built

  • Built in 1915 | Remodeled in 2023

Lot Details

  • Lot Dimensions are 40 x 132

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 2,138 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,699

Year Built

Built in 1915 | Remodeled in 2023

Lot Details

5,271 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • LivingArea: 2138
  • Room Type: Other Room, Bedroom 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Walk-Up Access
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40 X 132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5699
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2023
Closed on
Nov 2, 2023
Sold by
Umaco One Llc
Bought by
Ruiz Hector Michaca and Celis Jessica
Seller's Agent
Melanie Broderick
Metro Realty Inc.
Buyer's Agent
Gustavo Nieto
Realty of America, LLC
List Price
$384,900
Sold Price
$368,000
Premium/Discount to List
-$16,900
-4.39%
Views
474
Current Estimated Value
$368,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414
Avg. Annual Appreciation
2.61%
Original Mortgage
$356,960
Outstanding Balance
$349,506
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$41,450

Purchase Details

Closed on
Mar 23, 2023
Sold by
Judicial Sales Corporation
Bought by
Umaco One Llc

Purchase Details

Closed on
Apr 14, 2003
Sold by
Wynn Robert M and Wynn Susan H
Bought by
Flores Elva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
6.02%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Ruiz Hector Michaca $368,000 Chicago Title
Umaco One Llc $117,500 None Listed On Document
Flores Elva $206,000 Atgf Inc
Flores Elva $206,000 Atgf Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Hector Michaca $356,960
Previous Owner Flores Elva $164,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $368,000 -0.5% $172 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $369,900 -3.9% $173 / Sq Ft
10/01/2023 10/01/23 For Sale $384,900 -- $180 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $7,229 $25,000 $4,760 $20,240
2024 $7,229 $25,000 $4,760 $20,240
2023 $5,852 $25,000 $4,760 $20,240
2022 $5,852 $18,166 $4,099 $14,067
2021 $5,700 $18,164 $4,098 $14,066
2020 $5,688 $18,164 $4,098 $14,066
2019 $5,877 $17,154 $3,702 $13,452
2018 $5,735 $17,154 $3,702 $13,452
2017 $5,598 $17,154 $3,702 $13,452
2016 $4,396 $12,515 $3,041 $9,474
2015 $4,203 $12,515 $3,041 $9,474
2014 $4,107 $12,515 $3,041 $9,474
2013 $4,806 $15,219 $3,041 $12,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11898154

Midwest Real Estate Data (MRED)

APN: 19-06-107-049-0000

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