NOT LISTED FOR SALE

7106 N Olcott Ave Chicago, IL 60631

Edison Park Neighborhood

Estimated Value: $553,000 - $633,000

3 Beds
1.5 Baths
1,550 Sq Ft
$382/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $525,000 $339 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,769/month

1 Day on Market

Highlights

  • Georgian Architecture
  • 2 Car Detached Garage
  • Senior Tax Exemptions
  • William Howard Taft High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Sold while on the Private Listing Network.

Last Agent to Sell the Property

Ray Mandel

Compass License #475145381 Listed on: 09/23/2023

Compass

Last Buyer's Agent

Sean Farley

Northwest Real Estate Group License #471018927

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,643

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 50x147

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Georgian Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,550 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Schools

  • Ebinger Elementary School
  • Taft High School

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,643

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Georgian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1550
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Ebinger Elementary School
  • High School: Taft High School
  • Middle/Junior School: Ebinger Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X147
  • Rural (Y/N): N
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7643
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2022
Sold by
Helen Lazzaro Declaration Of Trust and Lazzaro Helen
Bought by
Farley Sean P and Farley Jacqueline M
Current Estimated Value
$592,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2019
Sold by
Lazzaro Michael J and Lazzaro Helen
Bought by
Lazzaro Helen and The Helen Lazzaro Declaration Of Trust
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
Farley Sean P $525,000 None Listed On Document
Farley Sean P $525,000 None Listed On Document
Lazzaro Helen -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farley Sean P $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $525,000 0.0% $339 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/23/2023 09/23/23 For Sale $525,000 -- $339 / 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 $8,024 $49,000 $18,375 $30,625
2023 $7,784 $44,000 $14,700 $29,300
2022 $7,784 $44,000 $14,700 $29,300
2021 $7,643 $44,000 $14,700 $29,300
2020 $6,603 $35,226 $9,922 $25,304
2019 $6,623 $39,140 $9,922 $29,218
2018 $6,510 $39,140 $9,922 $29,218
2017 $6,696 $37,182 $8,820 $28,362
2016 $6,590 $37,182 $8,820 $28,362
2015 $5,989 $37,182 $8,820 $28,362
2014 $5,581 $34,482 $7,350 $27,132
2013 $5,452 $34,482 $7,350 $27,132
Source: Public Records

Agents Affiliated with this Home

  • Ray Mandel

    Seller's Agent in 2023

    Ray Mandel

    Compass

    (312) 286-9966

    56 in this area

    194 Total Sales

    Ray Mandel
    Section Image

  • S

    Buyer's Agent in 2023

    Sean Farley

    Northwest Real Estate Group

    (847) 421-9535

    6 in this area

    35 Total Sales

    Sean Farley
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11890939

Midwest Real Estate Data (MRED)

APN: 09-36-201-023-0000

Illinois Cook County Chicago 60631 Edison Park

7106 N Olcott Ave, Chicago, IL

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