NOT LISTED FOR SALE

7118 Palma Ln Morton Grove, IL 60053

Estimated Value: $366,000 - $432,000

3 Beds
2 Baths
1,626 Sq Ft
$251/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $285,000 $175 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,013/month

About This Home

As of June 2021

CHARMING LIGHT & AIRY CAPE COD. BIG FAMILY ROOM WITH WOODBURNING FIREPLACE OVERLOOKING LARGE CEDAR FENCED YARD. HARDWOOD FLOORS IN LR, DR & BR. QUIET STREET, CLOSE TO TRANSPORTATION AND PARK.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2021
Closed on
May 28, 2021
Sold by
Ko Edward and Ko Samuel S
Bought by
Castrejon Lori A
Seller's Agent
John Lim
Baird & Warner
Buyer's Agent
Joe Held
RE/MAX 10 Lincoln Park
Sold Price
$285,000
Current Estimated Value
$409,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,545
Avg. Annual Appreciation
8.64%
Original Mortgage
$228,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2018
Sold by
Ko Samuel S and Ko Edward
Bought by
Ko Samuel S and Ko Edward

Purchase Details

Closed on
Dec 26, 2017
Sold by
Ko Samuel S
Bought by
Ko Samuel S and Ko Edward

Purchase Details

Closed on
Mar 25, 2014
Sold by
Ko Hyun and Ko Steve
Bought by
Ko Samuel S

Purchase Details

Closed on
Mar 18, 2010
Sold by
Ko Hyun S
Bought by
Ko Steve and Ko Hyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,200
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 1998
Sold by
Ostrem Thomas A and Ostrem Judith L
Bought by
Ko Hyun S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,700
Interest Rate
7.25%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Castrejon Lori A $285,000 First American Title
Ko Samuel S -- None Available
Ko Samuel S -- None Available
Ko Samuel S $180,000 None Available
Ko Steve -- Fidelity Natl Title Ins Co
Ko Hyun S $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castrejon Lori A $228,000
Previous Owner Ko Steve $160,000
Previous Owner Ko Steve $206,200
Previous Owner Ko Hyun S $140,000
Previous Owner Ko Hyun Sook $99,800
Previous Owner Ko Hyun S $123,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $285,000 0.0% $175 / Sq Ft
03/27/2021 03/27/21 For Sale -- -- --
03/27/2021 03/27/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $285,000 0.0% $175 / Sq Ft
03/18/2021 03/18/21 Off Market $285,000 -- --
03/18/2021 03/18/21 For Sale $285,000 0.0% $175 / Sq Ft
03/16/2021 03/16/21 Off Market $285,000 -- --
03/16/2021 03/16/21 For Sale $285,000 0.0% $175 / Sq Ft
03/15/2021 03/15/21 Off Market $285,000 -- --
03/15/2021 03/15/21 For Sale $285,000 0.0% $175 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $285,000 -- $175 / Sq Ft

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 $9,248 $28,501 $8,652 $19,849
2023 $8,836 $34,001 $8,652 $25,349
2022 $8,836 $34,001 $8,652 $25,349
2021 $7,783 $26,282 $5,324 $20,958
2020 $7,643 $26,282 $5,324 $20,958
2019 $7,715 $29,531 $5,324 $24,207
2018 $8,260 $28,399 $4,824 $23,575
2017 $8,291 $28,399 $4,824 $23,575
2016 $7,841 $28,399 $4,824 $23,575
2015 $8,528 $28,170 $4,159 $24,011
2014 $7,602 $28,170 $4,159 $24,011
2013 $7,453 $28,170 $4,159 $24,011
Source: Public Records

Agents Affiliated with this Home

  • John Lim

    Seller's Agent in 2021

    John Lim

    Baird Warner

    (847) 208-2340

    6 in this area

    123 Total Sales

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  • Sooji Hill

    Seller Co-Listing Agent in 2021

    Sooji Hill

    Baird Warner

    (847) 392-1855

    3 in this area

    97 Total Sales

    Section Image
  • Joe Held

    Buyer's Agent in 2021

    Joe Held

    RE/MAX

    (312) 927-0662

    3 in this area

    20 Total Sales

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Map

Illinois Cook County Morton Grove 60053

7118 Palma Ln, Morton Grove, IL

This home is located at 7118 Palma Ln, Morton Grove, IL 60053 and is currently estimated at $408,140, approximately $251 per square foot. 7118 Palma Ln is a home located in Cook County with nearby schools including Hynes Elementary School, Golf Middle School, and Niles North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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