NOT LISTED FOR SALE

7318 Lake St Unit 5 River Forest, IL 60305

Estimated Value: $147,000 - $174,000

1 Bed
1 Bath
806 Sq Ft
$185/mo HOA Fee

Last Sold April 02, 2018

Last sale price $105,000 $130 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,249/month

167 Days on Market

Highlights

  • Wood Flooring
  • Soaking Tub
  • Breakfast Bar
  • Lincoln Elementary School Rated A
  • Walk-In Closet
  • 4-minute walk to Cummings Square

About This Home

As of April 2018

Cute one-bedroom condo on Lake Street in River Forest, within blocks of downtown Oak Park, green line, Whole Foods and shopping. New hardwood flooring, huge walk-in closet with built-in shelving, storage unit, new water heater and assigned parking space. Washer and dryer in unit. Furniture included if buyer is interested. Lots of updates to the building including new roof, stairwell lighting and carpeting, exterior paint and tuck-pointing.

Last Agent to Sell the Property

Neo Neophytou

Executive Realty Group LLC License #475137305 Listed on: 08/23/2017

Executive Realty Group LLC

Last Buyer's Agent

Jack Lattner

Compass License #475157613

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,898

Year Built

  • 1972

Lot Details

  • 8,233

HOA Fees

  • $185 per month

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Storage
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range

Bedrooms and Bathrooms

  • Walk-In Closet
  • Soaking Tub

Parking

  • Parking Available
  • Driveway
  • Parking Included in Price
  • Assigned Parking

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Baseboard Heating

Additional Features

  • East or West Exposure
  • Property is near a bus stop

Community Details

  • Pets Allowed

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $2,100 Seller Concession

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,898

Year Built

1972

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access
  • Unit Floor Level: 2
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1972
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1972

Interior Features

  • Interior Property Features: Hardwood Floors, Storage
  • Number Of Rooms: 4
  • Living Room: Dimensions: 11X18, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Refrigerator
  • Equipment: Intercom
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 1
  • Bathroom Amenities: Soaking Tub
  • Above Grade Bedrooms: 1
  • Dining Room: Dimensions: 09X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 07X09, On Level: Main Level, Flooring: Marble
  • Kitchen Type: Eating Area-Breakfast Bar
  • Additional Rooms: Walk In Closet
  • Master Bedroom: Dimensions: 10X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Walk in Closet, Dimensions: 06X08, On Level: Main Level
  • Estimated Sq Ft: 806
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exposure: E (East)

Garage/Parking

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

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric, Baseboard, Indv Controls

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Storage
  • Assessment Includes: Water, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 185
  • Management Contact Name: Katherine
  • Management Phone: 000-000-0000

Fee Information

  • Management Company: 7318 Lake Street Condo Association

Schools

  • School District: 200
  • Elementary School: LINCOLN ELEMENTARY SCHOOL
  • Middle School: ROOSEVELT SCHOOL
  • High School: OAK PARK & RIVER FOREST HIGH SCH
  • Junior High Dist: 90

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 15122170341005

Multi Family

  • Total Number Unitsin Building: 9
  • Number Stories: 3

Tax Info

  • Taxes: 2869.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2017
Closed on
Mar 13, 2018
Sold by
Pavlou Tasos and Pavlou Eleni
Bought by
Brennan Sean M
Seller's Agent
Neo Neophytou
Executive Realty Group LLC
Buyer's Agent
Jack Lattner
Compass
List Price
$129,900
Sold Price
$105,000
Premium/Discount to List
-$24,900
-19.17%
Total Days on Market
167
Current Estimated Value
$164,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,061
Avg. Annual Appreciation
6.22%
Original Mortgage
$60,000
Outstanding Balance
$20,114
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$143,041

Purchase Details

Listed on
Sep 4, 2014
Closed on
Feb 27, 2015
Sold by
Steele Rachel S
Bought by
Pavlou Tasos and Pavlou Eleni
Seller's Agent
Robert Picciariello
Prello Realty
Buyer's Agent
Neo Neophytou
Executive Realty Group LLC
List Price
$98,000
Sold Price
$93,500
Premium/Discount to List
-$4,500
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%

Purchase Details

Closed on
Aug 13, 2008
Sold by
Homesales Inc
Bought by
Steele Rachel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 3, 2008
Sold by
Patton Renita
Bought by
Homesales Inc

Purchase Details

Closed on
Jun 20, 1997
Sold by
Continental Community Bank & Trust Co
Bought by
Patton Renita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,950
Interest Rate
8%
Source: Public Records

Range of Values:

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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
Brennan Sean M $105,000 Chicago Title
Pavlou Tasos $93,500 Prairie Title
Steele Rachel S $119,000 First American Title
Homesales Inc -- First American Title
Patton Renita $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brennan Sean M $60,000
Previous Owner Steele Rachel S $95,200
Previous Owner Patton Renita $71,207
Previous Owner Patton Renita $69,000
Previous Owner Patton Renita $25,000
Previous Owner Patton Renita $10,000
Previous Owner Patton Renita D $67,000
Previous Owner Patton Renita $65,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2018 04/02/18 Sold $105,000 -4.5% $130 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
01/29/2018 01/29/18 Price Changed $109,999 -2.7% $136 / Sq Ft
10/22/2017 10/22/17 Price Changed $112,999 -5.0% $140 / Sq Ft
10/13/2017 10/13/17 Price Changed $118,999 -4.0% $148 / Sq Ft
09/17/2017 09/17/17 Price Changed $123,999 -4.5% $154 / Sq Ft
08/23/2017 08/23/17 For Sale $129,900 +38.9% $161 / Sq Ft
02/27/2015 02/27/15 Sold $93,500 -4.6% $116 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $98,000 0.0% $122 / Sq Ft
10/31/2014 10/31/14 Pending -- -- --
09/04/2014 09/04/14 For Sale $98,000 -- $122 / 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 $1,898 $12,900 $1,112 $11,788
2023 $1,059 $12,900 $1,112 $11,788
2022 $1,059 $9,438 $1,561 $7,877
2021 $1,071 $9,437 $1,561 $7,876
2020 $1,171 $9,437 $1,561 $7,876
2019 $3,194 $10,290 $1,411 $8,879
2018 $2,014 $10,290 $1,411 $8,879
2017 $2,630 $12,356 $1,411 $10,945
2016 $2,962 $11,704 $1,176 $10,528
2015 $2,870 $11,704 $1,176 $10,528
2014 $2,645 $11,704 $1,176 $10,528
2013 $2,843 $12,706 $1,176 $11,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09731735

Midwest Real Estate Data (MRED)

APN: 15-12-217-034-1005