NOT LISTED FOR SALE

7429 W 56th Place Summit Argo, IL 60501

Estimated Value: $241,000 - $319,897

3 Beds
2 Baths
1,143 Sq Ft
$245/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $85,000 $74 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $1,781/month

6 Days on Market

Highlights

  • Second Kitchen
  • Deck
  • Main Floor Bedroom
  • Argo Community High School Rated A-
  • Wood Flooring
  • Bonus Room

About This Home

As of May 2016

Vinyl Sided Bungalow in Summit. 3 Bedrooms with 1 Bathroom on the Main Floor. Living Room with Hardwood Floor & Ceiling Fan. Formal Dining Room with Hardwood Floor & Built-Ins. Eat-In Kitchen with Ceramic Tile Floor & Ceiling Fan. Master Bedroom with Carpet & Ceiling Fan. Bedrooms 2 & 3 with Hardwood Floors. Bathroom with Tub & Separate Shower. In-Law Suite in the Basement with Family Room, Kitchen, Full Bathroom, & 3 Additional Rooms. Fenced Back Yard with Deck. (2) 2-Car Detached Garages. HUD Owned. Qualifies for FHA Financing.

Last Agent to Sell the Property

Christian Chase

Chase Real Estate LLC License #475122088 Listed on: 03/03/2016

Last Buyer's Agent

Stephanie Herbert

RE/MAX Action License #475133207

RE/MAX Action

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,759

Year Built

  • 1914

Lot Details

  • 7,449

Parking

  • Detached Garage
  • Off Alley Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Bungalow
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Home Office
  • Bonus Room
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • In-Law or Guest Suite
  • Bathroom on Main Level

Finished Basement

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

Additional Features

  • Deck
  • Fenced Yard
  • Baseboard Heating

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,759

Year Built

1914

Lot Details

0

Parking

4

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Bungalow
  • Type Detached: 1 Story
  • Estimated Year Built: 1914
  • Tax Exemptions: Homeowner
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1914

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, In-Law Arrangement, 1st Floor Full Bath
  • Number Of Rooms: 11
  • Living Room: Dimensions: 13X22, On Level: Main Level, Flooring: Hardwood
  • Equipment: Ceiling Fan
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 13X15, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 10X17, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: 2nd Kitchen, Bonus, Den, Office
  • Master Bedroom: Dimensions: 10X18, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Den, Dimensions: 13X13, On Level: Basement, Flooring: Ceramic Tile
  • Additional Room 2 Name: Office, Dimensions: 8X12, On Level: Basement, Flooring: Ceramic Tile
  • Bedroom 2: Dimensions: 10X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Bonus, Dimensions: 8X12, On Level: Basement, Flooring: Vinyl
  • Bedroom 3: Dimensions: 8X10, On Level: Main Level, Flooring: Hardwood
  • Additional Room 4 Name: 2nd Kitchen, Dimensions: 11X12, On Level: Basement, Flooring: Vinyl
  • Estimated Sq Ft: 1143
  • Dining Room Type: Separate
  • Family Room: Dimensions: 11X18, On Level: Basement, Flooring: Vinyl

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck

Garage/Parking

  • Number of Cars: 4
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 4
  • Driveway: Off Alley
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Baseboard

Schools

  • School District: 217
  • Junior High Dist: 217

Lot Info

  • Lot Dimensions: 7440 SQ FT
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 18132110040000

Tax Info

  • Taxes: 4885.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
May 2, 2016
Sold by
Secretary Of Hud
Bought by
Marques Esgardo
Seller's Agent
Christian Chase
Chase Real Estate LLC
Buyer's Agent
Stephanie Herbert
RE/MAX Action
List Price
$73,000
Sold Price
$85,000
Premium/Discount to List
$12,000
16.44%
Current Estimated Value
$275,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,034
Avg. Annual Appreciation
13.50%
Original Mortgage
$80,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2014
Sold by
Delvillar Leonel
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jun 30, 2004
Sold by
Enriquez Lazaro
Bought by
Enriquez Lazaro and Delvillar Leonel

Purchase Details

Closed on
Nov 6, 2003
Sold by
Contreras Jose and Contreras Elvia E
Bought by
Enriquez Lazaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
5.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 1996
Sold by
Minarcik Mark and Minarcik Natalie
Bought by
Contreras Jose and Contreras Elvie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,600
Interest Rate
8.18%
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
Marques Esgardo -- Fidelity National Title
The Secretary Of Housing & Urban Develop -- Attorney
Enriquez Lazaro -- Chicago Title Insurance Comp
Enriquez Lazaro $190,000 Ticor Title
Contreras Jose $124,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquez Esgardo $180,000
Closed Marquez Esgardo $50,000
Closed Marques Esgardo $80,750
Previous Owner Enriquez Lazaro $187,064
Previous Owner Contreras Jose E $102,000
Previous Owner Contreras Jose $99,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2016 05/10/16 Sold $85,000 +16.4% $74 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $73,000 -- $64 / 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 $8,759 $25,000 $5,394 $19,606
2023 $6,396 $25,000 $5,394 $19,606
2022 $6,396 $14,825 $4,650 $10,175
2021 $6,224 $14,824 $4,650 $10,174
2020 $6,372 $14,824 $4,650 $10,174
2019 $6,928 $15,070 $4,278 $10,792
2018 $6,700 $15,070 $4,278 $10,792
2017 $6,691 $15,070 $4,278 $10,792
2016 $5,185 $13,475 $3,720 $9,755
2015 $4,967 $13,475 $3,720 $9,755
2014 $4,885 $13,475 $3,720 $9,755
2013 $4,736 $14,403 $3,720 $10,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09154765

Midwest Real Estate Data (MRED)

APN: 18-13-211-004-0000