NOT LISTED FOR SALE

7515 Lorel Ave Burbank, IL 60459

Estimated Value: $301,000 - $382,000

5 Beds
2 Baths
1,127 Sq Ft
$298/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $225,000 $200 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,341/month

1 Day on Market

Highlights

  • Second Kitchen
  • Detached Garage
  • Forced Air Heating and Cooling System
  • Lower Floor Utility Room
  • Property is near bus stop
  • Family Room Downstairs

About This Home

As of October 2020

Lovely midcentury ranch with 5 beds, 2 baths and finished basement. First floor features a sunny living room with impressive natural stone wood burning fireplace, updated bathroom, updated eat-in kitchen, and 3 bedrooms. Finished basement ideal for possible extended living with kitchen, 2 bedrooms and a gorgeous newly updated bathroom with marble shower. Backyard is well landscaped, enjoy your beautiful blooms while enjoying the shade of your covered patio. Easy access to shopping (Target, Costco, Ford City Mall, Chicago Ridge), restaurants and 55/294. Welcome home!

Last Agent to Sell the Property

Philip Schwartz

@properties Christie's International Real Estate License #475113640 Listed on: 08/27/2020

@properties Christie's International Real Estate

Last Buyer's Agent

Jennifer Tapia

First Rate Realty, Inc. License #475107198

Home Details

Home Type

  • Single Family

Year Built

  • 1969

Lot Details

  • 3,485

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Family Room Downstairs
  • Lower Floor Utility Room

Kitchen

  • Second Kitchen
  • Gas Oven
  • Range Hood

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Location

  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Type Detached: 1 Story
  • Estimated Year Built: 1969
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1969

Interior Features

  • Number Of Rooms: 9
  • Living Room: Dimensions: 13X17, On Level: Main Level, Flooring: Hardwood
  • Appliances: Refrigerator, Washer, Dryer, Range Hood, Gas Oven
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished, Rec/Family Area
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 2
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 11X19, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: 5th Bedroom, 2nd Kitchen, Family Room - Down, Utility Room-Lower Level
  • Master Bedroom: Dimensions: 12X14, On Level: Main Level, Flooring: Wood Laminate
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 10X10, On Level: Basement
  • Additional Room 2 Name: 2nd Kitchen, Dimensions: 17X17, On Level: Basement
  • Bedroom 2: Dimensions: 12X10, On Level: Main Level, Flooring: Wood Laminate
  • Additional Room 3 Name: Family Room - Down, Dimensions: 13X18, On Level: Basement
  • Bedroom 3: Dimensions: 12X10, On Level: Main Level, Flooring: Wood Laminate
  • Additional Room 4 Name: Utility Room-Lower Level, Dimensions: 18X19, On Level: Basement
  • Bedroom 4: Dimensions: 10X13, On Level: Basement

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Acreage: 0.086

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Assessed Sq Ft: 1127

Schools

  • Junior High Dist: 111

Lot Info

  • Lot Dimensions: 30X125
  • Parcel Identification Number: 19283010140000

Tax Info

  • Taxes: 4373.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Oct 6, 2020
Sold by
Medina Sergio and Medina Karen
Bought by
Zuber Jose Daniel
Seller's Agent
Philip Schwartz
@properties Christie's International Real Estate
Buyer's Agent
Jennifer Tapia
First Rate Realty, Inc.
List Price
$215,000
Sold Price
$225,000
Premium/Discount to List
$10,000
4.65%
Current Estimated Value
$335,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,612
Avg. Annual Appreciation
7.91%
Original Mortgage
$214,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2001
Sold by
Weitendorf Kenneth and Weitendorf Geraldine J
Bought by
Medina Sergio and Medina Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,545
Interest Rate
7.02%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zuber Jose Daniel $225,000 Proper Title
Medina Sergio $151,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zuber Jose Daniel $214,400
Previous Owner Medina Sergio $148,545
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $225,000 +4.7% $200 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $215,000 -- $191 / 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 $7,038 $26,001 $3,563 $22,438
2024 $7,038 $26,001 $3,563 $22,438
2023 $5,311 $26,001 $3,563 $22,438
2022 $5,311 $17,194 $3,094 $14,100
2021 $5,115 $17,193 $3,093 $14,100
2020 $5,016 $17,193 $3,093 $14,100
2019 $4,374 $15,637 $2,812 $12,825
2018 $5,352 $18,812 $2,812 $16,000
2017 $5,195 $18,812 $2,812 $16,000
2016 $4,508 $15,292 $2,343 $12,949
2015 $4,298 $15,292 $2,343 $12,949
2014 $4,186 $15,292 $2,343 $12,949
2013 $4,659 $18,128 $2,343 $15,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10837051

Midwest Real Estate Data (MRED)

APN: 19-28-301-014-0000