NOT LISTED FOR SALE

7301 W 55th Place Summit Argo, IL 60501

Estimated Value: $257,000 - $296,872

3 Beds
2 Baths
993 Sq Ft
$283/Sq Ft Est. Value

Last Sold December 05, 2016

Last sale price $99,000 $100 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $2,103/month

28 Days on Market

Highlights

  • Cape Cod Architecture
  • Fenced Yard
  • Forced Air Heating System
  • Argo Community High School Rated A-
  • 2 Car Detached Garage

About This Home

As of December 2016

PERFECT FOR RE-HAB!! CASH-ONLY - SOLD AS-IS /WHERE IS - PRICE FIRM. GREAT 2 FLAT IN SUMMIT... 1ST FLOOR HAS 2 BEDROOMS 1 BATH PLUS FULL PARTIALLY FINISHED BASEMENT. 2ND FLOOR HAS 1 BEDROOM 1 BATH. NICE SIZE FENCED YARD WITH 2 CAR GARAGE. HOME BEING SOLD AS-IS - PLEASE INCLUDE PROOF OF FUNDS. CLOSE IN 2 WEEKS AND BEGIN YOUR FALL PROJECT RIGHT AWAY! STRONG SOLID HOUSE!

Last Agent to Sell the Property

Paul Hendershott

Double TT Real Estate Inc. License #471017734 Listed on: 11/03/2016

Last Buyer's Agent

Heliodoro Mayorga

Century 21 Circle License #475134304

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 1953

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,758

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1953
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 100000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • 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
  • Heating: Natural Gas, Electric, Forced Air
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 104

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 40X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4757.73
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2016
Closed on
Dec 2, 2016
Sold by
Marquette Bank
Bought by
Sosa Raul and Flores Guadalupe Gomez
Seller's Agent
Paul Hendershott
Double TT Real Estate Inc.
Buyer's Agent
Heliodoro Mayorga
Century 21 Circle
List Price
$100,000
Sold Price
$99,000
Premium/Discount to List
-$1,000
-1%
Current Estimated Value
$273,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,703
Avg. Annual Appreciation
12.30%

Purchase Details

Closed on
Mar 19, 2003
Sold by
Niego Quinn
Bought by
Marquette Bank and Trust #16533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
8.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 7, 2003
Sold by
Herrera Gonzalo
Bought by
Niego Quinn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
8.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 3, 1997
Sold by
Kosmowski John and Kosmowski Susan M
Bought by
Herrera Gonzalo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,432
Interest Rate
7.28%
Mortgage Type
FHA
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
Sosa Raul $99,000 None Available
Marquette Bank -- --
Niego Quinn $139,000 Atgf Inc
Herrera Gonzalo $128,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haven Properties Llc $50,000
Previous Owner Niego Quinn P $140,000
Previous Owner Niego Quinn $111,200
Previous Owner Herrera Gonzalo $126,432
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2016 12/05/16 Sold $99,000 -1.0% $100 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $100,000 0.0% $101 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $100,000 -- $101 / 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 $7,247 $24,000 $2,675 $21,325
2023 $5,388 $24,000 $2,675 $21,325
2022 $5,388 $15,909 $2,306 $13,603
2021 $5,281 $15,909 $2,306 $13,603
2020 $5,505 $15,909 $2,306 $13,603
2019 $2,975 $9,900 $2,121 $7,779
2018 $2,874 $9,900 $2,121 $7,779
2017 $6,794 $18,678 $2,121 $16,557
2016 $5,050 $13,190 $1,845 $11,345
2015 $4,837 $13,190 $1,845 $11,345
2014 $4,758 $13,190 $1,845 $11,345
2013 $3,999 $12,572 $1,845 $10,727
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09381750

Midwest Real Estate Data (MRED)

APN: 18-13-204-019-0000