NOT LISTED FOR SALE

7229 W Palmer St Unit 2 Elmwood Park, IL 60707

Estimated Value: $143,000 - $191,378

2 Beds
1 Bath
727 Sq Ft
$150/mo HOA Fee

Last Sold March 24, 2014

Last sale price $80,000 $110 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,410/month

13 Days on Market

About This Home

As of March 2014

Check this out! 2 Bedrooms 1 Bath spacious condo unit! Recently updated and ready to move in! Home built in 1928 and unit is approx 727 sq.ft. located near schools and shopping! This property is eligible under the Freddie Mac First Look Initiative through 3/4/2014. Waiting for your offers! HomeSteps is launching a state-specific Winter Sales Promotion! See attached documents for more information. H&B due 2/24/14 9AM

Last Agent to Sell the Property

Saul Zenkevicius

Z Team Listed on: 02/13/2014

Last Buyer's Agent

Rebecca McDermott

Baird & Warner

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,597

Year Built

  • 1928

Lot Details

  • 4,966

HOA Fees

  • $150 per month

Parking

  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,597

Year Built

1928

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 81-90 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1928
  • Type Attached: Condo
  • Special Features: 20
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1928

Interior Features

  • Number Of Rooms: 4
  • Living Room: Dimensions: 13X14, On Level: Main Level
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 8X13, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X12, On Level: Main Level
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level
  • Estimated Sq Ft: 727

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Parking Included In Price: Yes

Utilities

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

Condo/Co-op/Association

  • Max Pet Weight: 35
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 150
  • Management Phone: 773-394-6400

Fee Information

  • Management Company: Windy City Management

Schools

  • School District: 401
  • Junior High Dist: 401

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 12362220391006

Multi Family

  • Total Number Unitsin Building: 8
  • Number Stories: 3

Tax Info

  • Taxes: 3657.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2014
Closed on
Mar 10, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hajek Joseph
Seller's Agent
Saul Zenkevicius
Z Team
Buyer's Agent
Rebecca McDermott
Baird & Warner
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Current Estimated Value
$166,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,095
Avg. Annual Appreciation
6.98%
Original Mortgage
$60,000
Outstanding Balance
$47,618
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$126,443

Purchase Details

Closed on
Oct 18, 2013
Sold by
Sciog Karolina
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 3, 2007
Sold by
Palmer Condo Development Inc
Bought by
Sciog Karolina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
6.21%
Mortgage Type
Unknown
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
Hajek Joseph $80,000 Atgf Inc
Federal Home Loan Mortgage Corporation -- None Available
Sciog Karolina $199,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hajek Joseph $60,000
Previous Owner Sciog Karolina $159,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2014 03/24/14 Sold $80,000 -11.0% $110 / Sq Ft
02/26/2014 02/26/14 Pending -- -- --
02/13/2014 02/13/14 For Sale $89,900 -- $124 / 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 $4,597 $15,191 $806 $14,385
2023 $4,461 $15,191 $806 $14,385
2022 $4,461 $15,191 $806 $14,385
2021 $4,314 $11,485 $537 $10,948
2020 $4,168 $11,485 $537 $10,948
2019 $3,753 $12,869 $537 $12,332
2018 $3,391 $10,443 $462 $9,981
2017 $3,278 $10,443 $462 $9,981
2016 $2,957 $10,443 $462 $9,981
2015 $2,967 $9,551 $417 $9,134
2014 $2,891 $9,551 $417 $9,134
2013 $2,821 $9,551 $417 $9,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08536611

Midwest Real Estate Data (MRED)

APN: 12-36-222-039-1006