NOT LISTED FOR SALE

7320 Madison St Unit 4 Forest Park, IL 60130

Estimated Value: $258,000 - $358,000

2 Beds
2 Baths
1,200 Sq Ft
$199/mo HOA Fee

Last Sold August 27, 2021

Last sale price $245,000 $204 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,388/month

69 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Storage
  • Combination Dining and Living Room

About This Home

As of August 2021

Centrally located, two-story loft-style Forest Park 2 bedroom, 2 bath condo steps to restaurants and shopping. First floor features an open floorplan with hardwood flooring throughout and custom fireplace. Updated kitchen with granite countertops and stainless steel appliances and tons of character with beamed ceilings and woodwork. Second level includes spacious primary suite with two closets and additional second bedroom and full hallway bath. In-unit washer and dryer and village parking lot in rear of building. Unit features tankless hot water heater & Nest thermostat.

Last Agent to Sell the Property

Zak Knebel

@properties Christie's International Real Estate License #475131969 Listed on: 05/07/2021

@properties   Christie's International Real Estate

Co-Listed By

Camille Hoover

@properties Christie's International Real Estate License #475191106

Last Buyer's Agent

Ana Perez

Habloft LLC License #475183234

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,704

Year Built

  • Built in 1940

Lot Details

  • 7,492

HOA Fees

  • $199 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Includes Fireplace Accessories
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Garfield Elementary School
  • Forest Park Middle School
  • Proviso East High School

Utilities

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

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger, snow removal
  • 12 Units
  • Property managed by Self-managed

Amenities

  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,704

Year Built

Built in 1940

Lot Details

0

HOA Fees

$199 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Starter, Includes Accessories
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Wood Laminate Floors, 1st Floor Laundry, Storage
  • LivingArea: 1200
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • DirectionFaces: West
  • ExteriorFeatures: Balcony
  • List Price: 244900
  • Lot Features: Corner Lot
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 199
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self-managed
  • Management Contact Name: N/A
  • Management Phone: 555-555-5555

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Schools

  • Elementary School: Garfield Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Forest Park Middle School
  • Middle/Junior School District: 91

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: N/A

Tax Info

  • Tax Annual Amount: 5704.35
  • Tax Year: 2019

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 27, 2021
Sold by
Galecki Nicholas R
Bought by
Rosario Mellizza Ashley
Seller's Agent
Zak Knebel
@properties Christie's International Real Estate
Buyer's Agent
Ana Perez
Habloft LLC
Sold Price
$245,000
Current Estimated Value
$300,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,617
Avg. Annual Appreciation
5.03%
Original Mortgage
$237,650
Outstanding Balance
$216,848
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$83,769

Purchase Details

Listed on
Mar 2, 2015
Closed on
Jun 9, 2015
Sold by
Gibellina Jeffrey R and Gibellina Emily
Bought by
Galecki Nicholas R
Seller's Agent
Lisa Grimes
Engel & Voelkers Chicago
Buyer's Agent
Zak Knebel
@properties Christie's International Real Estate
List Price
$199,999
Sold Price
$190,000
Premium/Discount to List
-$9,999
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.19%
Original Mortgage
$132,800
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 30, 2010
Sold by
Marani Ventures Llc
Bought by
Gibellina Jeffrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.83%
Mortgage Type
New Conventional
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
Rosario Mellizza Ashley $245,000 Chicago Title
Galecki Nicholas R $190,000 First American Title Ins Co
Gibellina Jeffrey R $145,000 Prairie Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosario Mellizza Ashley $237,650
Previous Owner Galecki Nicholas R $132,800
Previous Owner Gibellina Jeffrey R $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $245,000 0.0% $204 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
06/16/2021 06/16/21 For Sale -- -- --
05/14/2021 05/14/21 For Sale -- -- --
05/13/2021 05/13/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $244,900 +28.9% $204 / Sq Ft
06/16/2015 06/16/15 Sold $190,000 -5.0% $136 / Sq Ft View Prior Sale
03/04/2015 03/04/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $199,999 -- $143 / 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 $7,359 $24,499 $525 $23,974
2023 $5,513 $24,499 $525 $23,974
2022 $5,513 $15,383 $551 $14,832
2021 $4,846 $17,566 $551 $17,015
2020 $4,798 $17,566 $551 $17,015
2019 $5,704 $19,630 $498 $19,132
2018 $5,585 $19,630 $498 $19,132
2017 $5,482 $19,630 $498 $19,132
2016 $2,872 $10,512 $459 $10,053
2015 $2,783 $10,512 $459 $10,053
2014 $2,749 $10,512 $459 $10,053
2013 $3,495 $13,436 $459 $12,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11080290

Midwest Real Estate Data (MRED)

APN: 15-13-205-032-1004