$165,200
SOLD NOV 18, 2019

7319 Colony Ln Unit 3B Frankfort, IL 60423

Prestwick Neighborhood
2 Beds
2 Baths
1,900 Sq Ft
$341/mo HOA Fee

Recently Sold

$87 Per Sq Ft

16% Below List Price

144 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Galley Kitchen
  • Chelsea Intermediate School Rated A
  • Enclosed Balcony
  • Attached Garage

About This Home

As of October 2020

One of the two pent houses on the third floor of the building. Plenty of storage and a huge kitchen for entertaining as well as a formal dining room. Off the kitchen is a laundry room as a bonus area. The master bedroom is exceptionally large and both of the bedrooms have walk-in closets and 7X4ft alcove & window facing the front of the building. The private balcony faces the 15th hole where you can enjoy the beauty of the Prestwick golf course during all seasons. This unit comes with a parking space in the lower level garage and a storage unit as well.

Last Agent to Sell the Property

Rita Starkey

Baird & Warner License #471010161 Listed on: 04/12/2019

Baird & Warner

Last Buyer's Agent

Lindsay Lohrens

Landen Home Realty, LLC License #475162656

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,965

Year Built

  • 1972

HOA Fees

  • $341 per month

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Dining Area
  • Storage

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Balcony
  • Deck

Utilities

  • Central Air
  • Heating Available

Community Details

  • Pets Allowed

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,965

Year Built

1972

Lot Details

0

HOA Fees

$341 per month

Parking

1

Listing Details

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

Interior Features

  • Interior Property Features: Elevator, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Storage, Walk-In Closet(s)
  • Number Of Rooms: 6
  • Living Room: Dimensions: 16X16, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 6X6, On Level: Main Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 13X12, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 16X10, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Galley
  • Additional Rooms: Eating Area, Walk In Closet, Enclosed Balcony
  • Master Bedroom: Dimensions: 17X15, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 1 Name: Eating Area, Dimensions: 17X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 2 Name: Walk in Closet, Dimensions: 9X7, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 17X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 3 Name: Enclosed Balcony, Dimensions: 16X12, On Level: Main Level, Flooring: Other
  • Estimated Sq Ft: 1900
  • Dining Room Type: Separate

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Exterior Property Features: Deck

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Max Pet Weight: 25
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Pet Weight Limitation
  • Common Area Amenities: Elevator, Storage
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 341
  • Management Contact Name: Lois Barr
  • Management Phone: 815-469-5300

Fee Information

  • Management Company: Prestwick Management

Schools

  • School District: 210
  • Elementary School: Chelsea Elementary School
  • High School: Lincoln-Way East High School
  • Junior High Dist: 157C

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 1909252040180000

Multi Family

  • Total Number Unitsin Building: 18
  • Number Stories: 3

Tax Info

  • Taxes: 4922.70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Joyce Janice
Bought by
Geers Brennan and Cosgrove Patrick R
Current Estimated Value
$328,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$154,969
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$170,371

Purchase Details

Listed on
Oct 2, 2020
Closed on
Oct 21, 2020
Sold by
Lohrens Justin C and Lohrens Jeremy
Bought by
Joyce Janice
Seller's Agent
Lindsay Lohrens
Landen Home Realty, LLC
Buyer's Agent
Cheryl Mallard
Redfin Corporation
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%

Purchase Details

Listed on
Apr 12, 2019
Closed on
Nov 15, 2019
Sold by
Formentini Serafino
Bought by
Lohrens Justin C and Lohrens Jeremy
Seller's Agent
Rita Starkey
Baird & Warner
Buyer's Agent
Lindsay Lohrens
Landen Home Realty, LLC
List Price
$197,000
Sold Price
$165,200
Premium/Discount to List
-$31,800
-16.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.32%
Original Mortgage
$123,900
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2007
Sold by
Coghlan Martin D
Bought by
Formentini Serafino and Formentini Carol

Purchase Details

Closed on
Oct 24, 1994
Sold by
Beverly Trust Company
Bought by
Coghlan Martin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $320,000 Old Republic Title
Warranty Deed $265,000 Fidelity National Title
Warranty Deed $165,200 Fidelity National Title
Warranty Deed $218,000 First American Title Co
Trustee Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,000 New Conventional
Previous Owner $123,900 New Conventional
Previous Owner $100,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $265,000 -3.6% $139 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $275,000 +66.5% $145 / Sq Ft
11/18/2019 11/18/19 Sold $165,200 -10.7% $87 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $185,000 -1.1% $97 / Sq Ft
06/12/2019 06/12/19 Price Changed $187,000 -5.1% $98 / Sq Ft
04/12/2019 04/12/19 For Sale $197,000 -- $104 / 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
2023 $6,965 $85,651 $697 $84,954
2022 $6,112 $78,014 $635 $77,379
2021 $5,749 $72,985 $594 $72,391
2020 $5,169 $70,928 $577 $70,351
2019 $4,984 $69,030 $562 $68,468
2018 $4,943 $67,806 $546 $67,260
2017 $4,923 $66,223 $533 $65,690
2016 $4,783 $63,953 $515 $63,438
2015 $4,634 $61,701 $497 $61,204
2014 $4,634 $61,273 $494 $60,779
2013 $4,634 $67,661 $2,843 $64,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10342379

Midwest Real Estate Data (MRED)

APN: 09-25-204-018