NOT LISTED FOR SALE

7227 W Higgins Ave Unit 503 Chicago, IL 60656

Norwood Park Neighborhood

Estimated Value: $225,230 - $310,000

2 Beds
2 Baths
1,200 Sq Ft
$304/mo HOA Fee

Last Sold May 02, 2014

Last sale price $88,650 $74 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $1,894/month

227 Days on Market

About This Home

As of May 2014

SPACIOUS 2-BED, 1 AND 1/2 BATH WITH LOTS OF OPPORTUNITY! THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 5% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING.

Last Agent to Sell the Property

Anthony Disano

Parkvue Realty Corporation License #471010606 Listed on: 08/18/2013

Co-Listed By

Bill Volpe

Parkvue Realty Corporation

Last Buyer's Agent

Teresa Slowinski

RE/MAX City License #475125450

RE/MAX City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,887

Year Built

  • 1969

Lot Details

  • 0.71

HOA Fees

  • $304 per month

Home Design

  • Brick Exterior Construction

Parking

  • Parking Available
  • Parking Included in Price
  • Assigned Parking

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,887

Year Built

1969

Lot Details

0

HOA Fees

$304 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Unit Floor Level: 5
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1.1
  • Estimated Year Built: 1969
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: 20
  • Property Sub Type: Condos
  • Stories: 5
  • Year Built: 1969

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 27X13, On Level: Main Level
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 12X11, On Level: Main Level
  • Kitchen Type: Dimensions: 15X10, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 18X14, On Level: Main Level
  • Bedroom 2: Dimensions: 14X13, On Level: Main Level
  • Estimated Sq Ft: 1200
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Radiant

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Special Assessments: U
  • Assessment Association Fees: 304
  • Management Contact Name: CANDY
  • Management Phone: 630-627-3303

Fee Information

  • Management Company: HILLCREST

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 12122020851025

Multi Family

  • Total Number Unitsin Building: 28
  • Number Stories: 5

Tax Info

  • Taxes: 2562.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2013
Closed on
Apr 11, 2014
Sold by
Fannie Mae
Bought by
Kasperek Miroslaw
Seller's Agent
Anthony Disano
Parkvue Realty Corporation
Buyer's Agent
Teresa Slowinski
RE/MAX City
List Price
$84,900
Sold Price
$88,650
Premium/Discount to List
$3,750
4.42%
Current Estimated Value
$253,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,658
Avg. Annual Appreciation
9.63%

Purchase Details

Closed on
Jul 22, 2013
Sold by
Jankowski
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 26, 2009
Sold by
Jankowski Slawomir
Bought by
Jankowski Alicja

Purchase Details

Closed on
Nov 26, 2002
Sold by
Daher Nawal
Bought by
Jankowski Slawomir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
6.23%

Purchase Details

Closed on
Feb 26, 2001
Sold by
Poli Kristina M
Bought by
Daher Nawal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.5%

Purchase Details

Closed on
Mar 12, 1999
Sold by
Lasalle National Bank
Bought by
Poli Kristina
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
Kasperek Miroslaw $89,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Jankowski Alicja -- None Available
Jankowski Slawomir $185,000 --
Daher Nawal $145,000 --
Poli Kristina $115,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jankowski Slawomir $138,750
Previous Owner Daher Nawal $108,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $88,650 +4.4% $74 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $84,900 0.0% $71 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
03/17/2014 03/17/14 Price Changed $84,900 -3.4% $71 / Sq Ft
03/13/2014 03/13/14 For Sale $87,900 0.0% $73 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
02/14/2014 02/14/14 For Sale $87,900 0.0% $73 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
02/05/2014 02/05/14 Price Changed $87,900 -12.1% $73 / Sq Ft
12/27/2013 12/27/13 Price Changed $99,990 -6.5% $83 / Sq Ft
11/21/2013 11/21/13 For Sale $106,900 0.0% $89 / Sq Ft
10/01/2013 10/01/13 Pending -- -- --
08/18/2013 08/18/13 For Sale $106,900 -- $89 / 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 $2,887 $19,547 $2,905 $16,642
2023 $2,793 $17,000 $2,324 $14,676
2022 $2,793 $17,000 $2,324 $14,676
2021 $2,749 $16,999 $2,323 $14,676
2020 $1,875 $11,520 $1,452 $10,068
2019 $1,869 $12,734 $1,452 $11,282
2018 $1,837 $12,734 $1,452 $11,282
2017 $1,961 $12,487 $1,278 $11,209
2016 $2,001 $12,487 $1,278 $11,209
2015 $2,288 $12,487 $1,278 $11,209
2014 $1,772 $12,119 $1,219 $10,900
2013 $2,573 $16,775 $1,219 $15,556
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08423959

Midwest Real Estate Data (MRED)

APN: 12-12-202-085-1025