NOT LISTED FOR SALE

7220 N Olcott Ave Chicago, IL 60631

Edison Park Neighborhood

Estimated Value: $451,792 - $523,000

3 Beds
2 Baths
1,000 Sq Ft
$488/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $405,000 $405 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,174/month

2 Days on Market

Highlights

  • Stainless Steel Appliances
  • Galley Kitchen
  • Central Air
  • Detached Garage
  • Breakfast Bar

About This Home

As of June 2020

Mid-century modern ranch just steps away from Edison Park's restaurant row and downtown Park Ridge. This bright & sunny California ranch has undergone a beautiful renovation that is casual & elegant. Experience an effortless sense of luxury in the kitchen with clean & balanced lines, open shelving and breakfast bar that create the perfect gathering spot for friends & family. The dining space opens to the kitchen with walls of glass and sun-drenched unobstructed eastern exposure. Beautiful baths featuring the latest in designer lighting, fixtures & finishes. An array of amenities include fully finished basement with built-in bar, ultimate family room, laundry, storage and additional bedroom & bath. Walk to Ebinger School, parks, batting cages, movies and dining. Minutes to forest preserve trails. Plenty of parking in the cherry on top 4-car garage.

Last Agent to Sell the Property

Colette Netwig

Northwest Real Estate Group Listed on: 05/23/2020

Last Buyer's Agent

Jay Crowley

@properties Christie?s International Real Estate License #475126796

@properties Christie?s International Real Estate

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1954 | 2020

Lot Details

  • 5,227

Parking

  • Detached Garage
  • Parking Available
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Oven or Range
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

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

Home Details

Home Type

Single Family

Year Built | Renovated

1954 | 2020

Lot Details

5,227 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Rehab Year: 2020
  • Total Full or Half Bathrooms: 2
  • Type Detached: 1 Story
  • Estimated Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954
  • Year Renovated: 2020

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 19X11, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Appliances: Oven/Range, Dishwasher, High End Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 17X9, On Level: Basement
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 22X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Galley
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 11X9, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 10X10, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 1000
  • Family Room: Dimensions: 20X20, On Level: Basement, Flooring: Vinyl

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.122

Garage/Parking

  • Number of Cars: 8
  • Parking: Garage, Space/s
  • Number Parking Spaces: 4
  • Parking On Site: Yes
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 4
  • Parking Included In Price: Yes
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Assessed Sq Ft: 894

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 40X132
  • Parcel Identification Number: 09254260290000

Tax Info

  • Taxes: 6019.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2020
Closed on
Jun 18, 2020
Sold by
Home Design Group Llc 7220 N Olcott Ave
Bought by
Tracey Kristin M
Seller's Agent
Colette Netwig
Northwest Real Estate Group
Buyer's Agent
Jay Crowley
@properties Christie?s International Real Estate
List Price
$415,000
Sold Price
$405,000
Premium/Discount to List
-$10,000
-2.41%
Current Estimated Value
$488,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,448
Avg. Annual Appreciation
3.31%
Original Mortgage
$364,500
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2019
Closed on
Aug 9, 2019
Sold by
Nally James P
Bought by
Home Design Group Llc
Seller's Agent
Ray Mandel
Compass
Buyer's Agent
Colette Netwig
Northwest Real Estate Group
List Price
$279,000
Sold Price
$265,000
Premium/Discount to List
-$14,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.71%
Original Mortgage
$212,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 22, 2016
Sold by
Nally James P
Bought by
Vincent Nally Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Tracey Kristin M $405,000 Chicago Title
Home Design Group Llc $265,000 Saturn Title Llc
Vincent Nally Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tracey Kristin M $364,500
Previous Owner Home Design Group Llc $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2020 06/23/20 Sold $405,000 -2.4% $405 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
05/23/2020 05/23/20 For Sale $415,000 +56.6% $415 / Sq Ft
08/19/2019 08/19/19 Sold $265,000 -5.0% $265 / Sq Ft View Prior Sale
07/11/2019 07/11/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $279,000 -- $279 / 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 $6,984 $29,953 $13,300 $16,653
2024 $6,984 $29,953 $13,300 $16,653
2023 $6,786 $36,414 $10,640 $25,774
2022 $6,786 $36,414 $10,640 $25,774
2021 $6,653 $36,414 $10,640 $25,774
2020 $6,178 $27,732 $7,182 $20,550
2019 $6,123 $30,475 $7,182 $23,293
2018 $6,020 $30,475 $7,182 $23,293
2017 $5,730 $26,620 $6,384 $20,236
2016 $5,332 $26,620 $6,384 $20,236
2015 $4,878 $26,620 $6,384 $20,236
2014 $3,687 $24,276 $5,320 $18,956
2013 $3,595 $24,276 $5,320 $18,956
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Colette Netwig

    Northwest Real Estate Group

  • Jay Crowley

    Buyer's Agent in 2020

    Jay Crowley

    @ Properties

    (847) 309-2433

    2 in this area

    80 Total Sales

    Jay Crowley
    Section Image
  • Ray Mandel

    Seller's Agent in 2019

    Ray Mandel

    Compass

    (312) 286-9966

    51 in this area

    180 Total Sales

    Ray Mandel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10723433

Midwest Real Estate Data (MRED)

APN: 09-25-426-029-0000

Illinois Cook County Chicago 60631 Edison Park

7220 N Olcott Ave, Chicago, IL

Not Listed for Sale

Detached

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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