NOT LISTED FOR SALE

7430 57th Place Summit, IL 60501

Summit Area
4 Beds
3 Baths
-- Sq Ft
1930 Built

Sale Details

Date Sold: May 24, 2016

Last sale price $175,000

67 Days on Market

Highlights

  • 2 Car Detached Garage
  • Argo Community High School Rated A-
  • Forced Air Heating System

About This Home

As of May 2016

Incredible Brick Two Flat. Stop renting and become Owner Occupied Landlord. This Beautiful Two Flat Building features 2 bedrooms on each floor, gleaming Hard Wood Floors, Historical Electric Fireplaces, Original Wood Trim throughout, New Electric, Newer Roof, Full unfinished Basement, 2 car garage. Bath on main floor and in basement Seller will give $3,000 credit toward repairs on Garage.

Last Agent to Sell the Property

Sandra Snaidauf

RE/MAX 10 License #475138636 Listed on: 01/26/2016

RE/MAX 10

Last Buyer's Agent

Sandra Snaidauf

RE/MAX 10 License #475138636 Listed on: 01/26/2016

RE/MAX 10

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,342

Year Built

  • Built in 1930

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 30x124

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,342

Year Built

Built in 1930

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 6342.32
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2016
Closed on
May 23, 2016
Sold by
Bought by
Seller's Agent
Sandra Snaidauf
RE/MAX 10
Buyer's Agent
Sandra Snaidauf
RE/MAX 10
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
0.0665%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,420
Interest Rate
0.0601%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
0.0699%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 1994
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$175,000 Chicago Title Insurance Comp
-- Chicago Title Insurance Co
$49,500 Cti
-- None Available
$350,000 First American Title
$253,000 First American Title
-- Stewart Title Of Illinois
$240,000 Chicago Title Insurance Co
$165,000 Ticor Title
-- --
-- --
$110,000 Intercounty Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $171,830
Previous Owner $250,000
Previous Owner $231,420
Previous Owner $156,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/24/2016 05/24/16 Sold $175,000 -2.2% --
04/02/2016 04/02/16 Pending -- -- --
03/26/2016 03/26/16 Price Changed $179,000 -5.7% --
02/28/2016 02/28/16 Price Changed $189,900 -5.0% --
01/26/2016 01/26/16 For Sale $199,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,339 $22,620 $2,697 $19,923
2024 $8,339 $23,801 $2,697 $21,104
2023 $5,348 $23,801 $2,697 $21,104
2022 $5,348 $15,816 $2,325 $13,491
2021 $5,242 $15,815 $2,325 $13,490
2020 $5,465 $15,815 $2,325 $13,490
2019 $5,527 $15,451 $2,139 $13,312
2018 $5,342 $15,451 $2,139 $13,312
2017 $6,645 $18,342 $2,139 $16,203
2016 $6,220 $13,171 $1,860 $11,311
2015 $6,028 $13,171 $1,860 $11,311
2014 $6,342 $14,159 $1,860 $12,299
2013 $4,411 $13,595 $1,860 $11,735
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09125374

Midwest Real Estate Data (MRED)
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