NOT LISTED FOR SALE

708 Court of Birch Vernon Hills, IL 60061

Estimated Value: $795,730 - $903,000

9 Beds
6 Baths
-- Sq Ft
5,319 Sq Ft Lot

Last Sold September 08, 2021

Last sale price $645,000

Est. 32% increase in value since last sale

Current estimated payment $6,140/month

8 Days on Market

About This Home

As of September 2021

This 6 units fully occupied apartment located at award winning school district. 2 units were fully updated in 2019 and 2 other units were remodeled recently. Tuck pointing was done in 2020,boiler was replaced about 5 years ago ,and roof was done in 2013.

Last Agent to Sell the Property

Michael Chang

Kotols Inc. License #471015582 Listed on: 05/05/2021

Last Buyer's Agent

Bonnie Fischoff

Keller Williams North Shore West License #475182924

Keller Williams North Shore West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,212

Year Built

  • Built in 1979

Lot Details

  • 5,319 Sq Ft Lot
  • Lot Dimensions are 49x57

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $370
  • Fuel Expense $2,461
  • Maintenance Expense $10,571
  • Manager Expense $3,961
  • Other Expense $500
  • Water Sewer Expense $2,866
  • Operating Expense $45,083
  • Gross Income $73,500
  • Net Operating Income $28,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,212

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 5
  • Room: 4
  • Room: 0

Exterior Features

  • List Price: 649000
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 3961

Fee Information

  • Water Sewer Expenses: 2866
  • Janitor Expense: 2333

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 49X57
  • Lot Size Sq Ft: 5319

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 28416
  • Fuel Expense: 2461
  • ElectricExpense: 370
  • GrossIncome: 73500
  • Maintenance Expense: 10571
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 45083
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 14212
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2021
Sold by
Lee Sang
Bought by
Equator Management Inc
Current Estimated Value
$850,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
2.9%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
May 13, 2021
Sold by
Sang Lee
Bought by
Equator Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
2.9%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Dec 9, 2003
Sold by
Lumsden James W
Bought by
Lee Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1994
Sold by
American National Bk & Tr Company Chicago
Bought by
Lumsden James W
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
Equator Management Inc $645,000 First American Title
Equator Management Inc $645,000 Chicago Title Insurance Co
Lee Sang $555,000 --
Lumsden James W $176,000 Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Equator Management Inc $645,000
Previous Owner Lee Sang $389,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2021 09/08/21 Sold $645,000 0.0% --
07/14/2021 07/14/21 Off Market $645,000 -- --
05/14/2021 05/14/21 For Sale -- -- --
05/13/2021 05/13/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $649,000 -- --
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 $18,469 $200,439 $52,721 $147,718
2023 $15,298 $189,129 $49,746 $139,383
2022 $15,298 $156,996 $41,294 $115,702
2021 $14,791 $155,303 $40,849 $114,454
2020 $14,511 $155,832 $40,988 $114,844
2019 $14,212 $155,258 $40,837 $114,421
2018 $13,712 $149,560 $39,338 $110,222
2017 $13,408 $146,069 $38,420 $107,649
2016 $12,963 $139,872 $36,790 $103,082
2015 $12,729 $130,807 $34,406 $96,401
2014 $12,840 $132,544 $34,863 $97,681
2012 $12,677 $132,810 $34,933 $97,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11077816

Midwest Real Estate Data (MRED)

APN: 15-08-108-061