NOT LISTED FOR SALE

7427 W 60th Place Summit Argo, IL 60501

Estimated Value: $250,000 - $267,000

2 Beds
1 Bath
1,117 Sq Ft
$234/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $225,000 $201 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,842/month

6 Days on Market

Highlights

  • Cape Cod Architecture
  • Bonus Room
  • Stainless Steel Appliances
  • Argo Community High School Rated A-
  • Formal Dining Room
  • Fenced Yard

About This Home

As of October 2022

This recently updated Cape Cod is move-in ready! It has 2 upstairs bedrooms (including walk-in closets and a hallway closet), first-floor office/playroom, living room, dining room, kitchen, and full bath, plus an unfinished basement with laundry. Recent updates include luxury vinyl plank flooring on the first and second floors, new bathroom fixtures and tile, fresh paint in the entire house, quartz countertops, new stainless steel Whirlpool kitchen appliances (including built-in microwave and convection / air fryer range) and new Samsung front-loading washer and dryer with smartphone connectivity. The kitchen has oak cabinetry. The large yard is completely fenced, with gates in both the front and back yards. A 2-stall garage is at the back of the lot for parking and storage. An elementary school is located 1/2 block away, and a vibrant neighborhood grocery store is located at the end of the same block! A new house roof (with tear-off) was installed in November, 2020. The water heater was replaced in October, 2014, and the furnace was replaced in October, 2010. The garage was constructed in August, 2009. New vinyl siding, gutters, soffit, fascia, and windows were installed in July, 2009. As this was a former rental property, there are no exemptions reflected on the property tax bills! Easy access to I-55 at Harlem and First Avenues.

Last Agent to Sell the Property

Rizek Abed

Abed Realestate Corporation License #471010747 Listed on: 09/05/2022

Last Buyer's Agent

Arturo Escobar

Keller Williams Thrive License #475151481

Keller Williams Thrive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,228

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 125 x 30
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off Alley Driveway
  • Parking Space is Owned

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,117 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Sump Pump

Schools

  • Otis P Graves Elementary School
  • Heritage Middle School
  • Argo Community High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,228

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Gas Cooktop, Gas Oven, Range Hood
  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Full Bath, Drapes/Blinds, Separate Dining Room, Replacement Windows
  • LivingArea: 1117
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 1117
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Square Footage Comments: First and second floors have a combined 1117 square feet, and the basement has 592 square feet.
  • Total Sq Ft: 2301
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Fenced Yard, Sidewalks, Streetlights
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Off Alley
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Otis P Graves Elementary School
  • High School: Argo Community High School
  • Middle/Junior School: Heritage Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125 X 30
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5227.71
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2022
Closed on
Oct 15, 2022
Sold by
Abed Rizek S and Abed Jane M
Bought by
Andrade Johnathan and Andrade-Lopez Jose Daniel
Seller's Agent
Rizek Abed
Abed Realestate Corporation
Buyer's Agent
Arturo Escobar
Keller Williams Thrive
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$260,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,976
Avg. Annual Appreciation
4.63%
Original Mortgage
$191,250
Outstanding Balance
$181,810
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$79,166

Purchase Details

Closed on
Mar 31, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Abed Rizek S and Abed Jane M

Purchase Details

Closed on
Feb 29, 2008
Sold by
Nieto Monica
Bought by
Mers Inc and Deutsche Bank National Trust Co

Purchase Details

Closed on
Nov 30, 2005
Sold by
Nieto Julio
Bought by
Nieto Julio and Nieto Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2004
Sold by
Amador Maria Gricelda
Bought by
Nieto Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
8.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2000
Sold by
Arreola Evangelina
Bought by
Amador Maria Gricelda

Purchase Details

Closed on
Feb 21, 1996
Sold by
Cole Taylor Bank
Bought by
Arreola Evangelina and Amador Maria Gricelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,106
Interest Rate
7.07%
Mortgage Type
FHA
Source: Public Records
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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
Andrade Johnathan $225,000 None Listed On Document
Abed Rizek S $40,000 Ticor Title Insurance Co
Mers Inc -- None Available
Nieto Julio -- Multiple
Nieto Julio $125,000 Heritage Title Company
Amador Maria Gricelda -- --
Arreola Evangelina $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrade Johnathan $191,250
Previous Owner Nieto Julio $140,000
Previous Owner Nieto Julio $112,500
Previous Owner Arreola Evangelina $57,106
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $225,000 0.0% $201 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/05/2022 09/05/22 For Sale $225,000 -- $201 / 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 $5,846 $20,000 $2,719 $17,281
2024 $5,846 $20,000 $2,719 $17,281
2023 $5,247 $20,000 $2,719 $17,281
2022 $5,247 $12,163 $2,344 $9,819
2021 $5,106 $12,161 $2,343 $9,818
2020 $5,228 $12,161 $2,343 $9,818
2019 $5,109 $11,114 $2,156 $8,958
2018 $4,941 $11,114 $2,156 $8,958
2017 $4,934 $11,114 $2,156 $8,958
2016 $5,210 $11,031 $1,875 $9,156
2015 $5,049 $11,031 $1,875 $9,156
2014 $4,941 $11,031 $1,875 $9,156
2013 $5,335 $13,263 $1,875 $11,388
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11621493

Midwest Real Estate Data (MRED)

APN: 18-13-412-015-0000