NOT LISTED FOR SALE

7502 Palma Ln Morton Grove, IL 60053

Estimated Value: $426,000 - $521,000

3 Beds
2 Baths
2,184 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $400,000 $183 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,180/month

29 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • 1 Car Attached Garage
  • Maine East High School Rated A
  • Stainless Steel Appliances
  • 3-minute walk to Shermer Park

About This Home

As of September 2022

BE PREPARED TO FALL IN LOVE WITH THIS INCREDIBLE 3+1 BED, 2 BATH RECENTLY UPDATED BRICK RANCH HOME ON 60FT WIDE LOT! KITCHEN OFFERS WHITE CABINETS, QUARTZ COUNTERS AND ISLAND, MARBLE ACCENT BACKSPLASH AND SAMSUNG SS APPLIANCES. MAIN LEVEL BOASTS AN OPEN FLOOR PLAN WITH BEAUTIFUL HARDWOOD FLOORS AND LED RECESSED LIGHTING THROUGH OUT, 3 BEDROOMS W/ GENEROUS CLOSET SPACE, FULL BATH WITH MODERN FINISHES AND MARBLE VANITY TOP. FULLY FINISHED LOWER LEVEL FEATURES EXTRA LIVING SPACE INCLUDING 2ND FULL BATH W/MODERN FIXTURES AND FINISHES, WALK-IN SHOWER, 4TH BEDROOM/FLEX ROOM, SEPARATE LAUNDRY/UTILITY ROOM AND LARGE FAMILY ROOM-IDEAL FOR FAMILY GATHERINGS AND ENTERTAINING! EXTERIOR OFFERS PLENTY OF GREEN SPACE AND INVITING SIDE BRICK PATIO FOR RELAXING OR ENTERTAINING AND ATTACHED GARAGE WITH DRIVEWAY. LOCATED NEAR SCHOOLS, SHOPPING AND PARKS. MUST SEE, SCHEDULE YOUR PRIVATE TOUR TODAY! HOME WARRANTY INDLUDED.

Last Agent to Sell the Property

Cynthia Guerra

Realty of America, LLC License #475141598 Listed on: 05/04/2022

Realty of America, LLC

Last Buyer's Agent

Dino Sarancic

Fulton Grace Realty License #475166419

Fulton Grace Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,859

Year Built

  • Built in 1956 | Remodeled in 2022

Lot Details

  • 7,187

Parking

  • 1 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House

Interior Spaces

  • 2,184 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

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

Utilities

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

Additional Features

  • Patio
  • Lot Dimensions are 60x120

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,859

Year Built

Built in 1956 | Remodeled in 2022

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Range Hood
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 988
  • Interior Amenities: Hardwood Floors
  • LivingArea: 2184
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 2080
  • Assessed Sq Ft: 1092
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 1092
  • Basement Sq Ft: 1092
  • Square Footage Comments: Total scanned square footage 2,118
  • Total Sq Ft: 2184
  • Main Level Sq Ft: 1092
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 420000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 63

Lot Info

  • Lot Dimensions: 60X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2859.11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 10, 2021
Sold by
Rupkey John Paul and Rupkey Alice M
Bought by
Soto Leslie I
Seller's Agent
Martha May
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Cynthia Guerra
Realty of America, LLC
List Price
$265,000
Sold Price
$275,000
Premium/Discount to List
$10,000
3.77%
Current Estimated Value
$482,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,805
Avg. Annual Appreciation
15.33%
Original Mortgage
$206,250
Outstanding Balance
$192,942
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$282,607

Purchase Details

Closed on
Jul 15, 2000
Sold by
Rupkey Alice M
Bought by
Rupkey Alice M and The Alice M Rupkey 2000 Declaration Tr
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
Soto Leslie I $275,000 Heritage Title
Rupkey Alice M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Leslie I $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $400,000 0.0% $183 / Sq Ft
08/16/2022 08/16/22 Off Market $400,000 -- --
06/03/2022 06/03/22 Pending -- -- --
05/14/2022 05/14/22 Price Changed $420,000 -2.3% $192 / Sq Ft
05/04/2022 05/04/22 For Sale $430,000 +56.4% $197 / Sq Ft
11/29/2021 11/29/21 Sold $275,000 +3.8% $252 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $265,000 -- $243 / 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 $7,440 $27,500 $7,920 $19,580
2023 $7,097 $27,500 $7,920 $19,580
2022 $7,097 $27,500 $7,920 $19,580
2021 $3,159 $27,081 $5,580 $21,501
2020 $2,859 $27,081 $5,580 $21,501
2019 $2,770 $30,090 $5,580 $24,510
2018 $3,089 $26,772 $4,860 $21,912
2017 $2,982 $26,772 $4,860 $21,912
2016 $3,517 $26,772 $4,860 $21,912
2015 $4,044 $24,767 $4,140 $20,627
2014 $3,867 $24,767 $4,140 $20,627
2013 $3,858 $24,767 $4,140 $20,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11394220

Midwest Real Estate Data (MRED)

APN: 09-13-205-008-0000