NOT LISTED FOR SALE

7423 W 56th Place Summit Argo, IL 60501

Estimated Value: $295,796 - $347,000

4 Beds
3 Baths
1,047 Sq Ft
$297/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $199,000 $190 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,160/month

141 Days on Market

About This Home

As of February 2017

RECENTLY REHABBED AND REDEVELOPED THROUGHOUT TWO STORY WITH LARGE 4 BEDROOMS. MOVE IN READY... JUST BRING YOUR DECORATING IDEAS TO MAKE THIS HOME YOUR VERY OWN. MUST SEE!!! CALL FOR A SHOWING TODAY!!!

Last Agent to Sell the Property

Marcia Green

Vylla Home Listed on: 08/09/2016

Co-Listed By

Victor Gutierrez

Vylla Home License #471006624

Last Buyer's Agent

Nicole Rogers

Real People Realty License #475142300

Real People Realty

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1916 | 2016

Lot Details

  • 7,405

Parking

  • Off Alley Driveway

Home Design

  • Cedar

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • $5,970 Seller Concession

Home Details

Home Type

Single Family

Year Built | Renovated

1916 | 2016

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Rebuilt(yn): Yes
  • Rebuilt Year: 2016
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 2.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 1916
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1916
  • Year Renovated: 2016

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 15X12, On Level: Main Level
  • Attic: Full
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: 13X12, On Level: Main Level
  • Kitchen Type: Dimensions: 12X11, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X11, On Level: Main Level
  • Bedroom 2: Dimensions: 12X9, On Level: Main Level
  • Bedroom 3: Dimensions: 12X11, On Level: Main Level
  • Bedroom 4: Dimensions: 17X9, On Level: 2nd Level
  • Estimated Sq Ft: 1047
  • Family Room: Dimensions: 17X15, On Level: 2nd Level

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Cedar
  • Acreage: 0.1708

Garage/Parking

  • Driveway: Off Alley

Utilities

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

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 104

Lot Info

  • Lot Dimensions: 60 X 125
  • Parcel Identification Number: 18132110070000

Tax Info

  • Taxes: 2045.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2016
Closed on
Jan 19, 2017
Sold by
Mack Industries Ltd
Bought by
Sanchez Armando
Seller's Agent
Marcia Green
Vylla Home
Buyer's Agent
Nicole Rogers
Real People Realty
List Price
$199,000
Sold Price
$199,000
Current Estimated Value
$310,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,699
Avg. Annual Appreciation
5.14%
Original Mortgage
$195,395
Outstanding Balance
$160,447
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$150,252

Purchase Details

Closed on
Feb 21, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Mack Industries Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,476,750
Interest Rate
4.24%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 25, 2013
Closed on
Nov 25, 2013
Sold by
Mack Industries Ltd
Bought by
Chicago Title Land Trust Co
Seller's Agent
Coya Smith
RE/MAX Premier
Buyer's Agent
Non Member
NON MEMBER
List Price
$59,999
Sold Price
$55,000
Premium/Discount to List
-$4,999
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.36%

Purchase Details

Listed on
Sep 25, 2013
Closed on
Oct 7, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mack Industries Ltd
Seller's Agent
Coya Smith
RE/MAX Premier
Buyer's Agent
Non Member
NON MEMBER
List Price
$59,999
Sold Price
$55,000
Premium/Discount to List
-$4,999
-8.33%

Purchase Details

Closed on
Jun 24, 2013
Sold by
Davila Richardo
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 16, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Davila Ricardo and Villa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2006
Sold by
Ocegueda
Bought by
Deutsche Bank National Trust Co and Encore Credit Receivables Trust 2005-4

Purchase Details

Closed on
Aug 3, 2005
Sold by
Ocegueda Aurelio
Bought by
Ocegueda Aurelio and Ocegueda Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
8.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 11, 2001
Sold by
Huffman Robert L and Huffman Dawn M
Bought by
Ocegueda Aurelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,838
Interest Rate
7.03%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sanchez Armando $199,000 Greater Illinois Title
Mack Industries Ltd -- Chicago Title Land Trust Co
Chicago Title Land Trust Co -- None Available
Mack Industries Ltd $55,000 None Available
Federal Home Loan Mortgage Corporation -- None Available
Davila Ricardo $202,000 Premier Title
Deutsche Bank National Trust Co -- None Available
Ocegueda Aurelio -- --
Ocegueda Aurelio -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Armando $195,395
Previous Owner Mack Industries Ltd $1,476,750
Previous Owner Davila Ricardo $161,600
Previous Owner Ocegueda Aurelio $223,250
Previous Owner Ocegueda Aurelio $110,838
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2017 02/10/17 Sold $199,000 0.0% $190 / Sq Ft
12/28/2016 12/28/16 Pending -- -- --
12/08/2016 12/08/16 For Sale $199,000 0.0% $190 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $199,000 0.0% $190 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $199,000 +261.8% $190 / Sq Ft
11/20/2013 11/20/13 Sold $55,000 0.0% $53 / Sq Ft View Prior Sale
09/27/2013 09/27/13 Pending -- -- --
09/26/2013 09/26/13 Off Market $55,000 -- --
09/25/2013 09/25/13 For Sale $59,999 -- $57 / 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
2025 $6,444 $21,706 $5,394 $16,312
2024 $6,444 $21,706 $5,394 $16,312
2023 $5,595 $21,706 $5,394 $16,312
2022 $5,595 $16,387 $4,650 $11,737
2021 $5,482 $16,387 $4,650 $11,737
2020 $6,390 $17,967 $4,650 $13,317
2019 $5,135 $14,599 $4,278 $10,321
2018 $4,963 $14,599 $4,278 $10,321
2017 $6,482 $14,599 $4,278 $10,321
2016 $5,291 $11,203 $3,720 $7,483
2015 $2,045 $4,468 $3,720 $748
2014 $5,018 $11,203 $3,720 $7,483
2013 $5,775 $14,356 $3,720 $10,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09310614

Midwest Real Estate Data (MRED)

APN: 18-13-211-007-0000