NOT LISTED FOR SALE

7516 Palma Ln Morton Grove, IL 60053

Estimated Value: $424,000 - $446,000

3 Beds
2 Baths
1,238 Sq Ft
$351/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $270,000 $218 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,904/month

4 Days on Market

Highlights

  • Central Air
  • Maine East High School Rated A
  • 4-minute walk to Shermer Park

About This Home

As of June 2019

Fantastic Opportunity to Own this Wonderful 3 bed 2 bath home near Park, Shopping & Transportation. This Freshly Painted Bi-level home has Open Floor Plan. Sunny Living room boasts High Ceiling & Wall of Windows. Large Kitchen/Dinning Area Opening to the Spacious Fenced Backyard and Garden. Finished Basement W/Family room, Bathroom & Laundry. 2 car covered carport & 5 years old roof. Don't miss this great opportunity.

Last Agent to Sell the Property

Eugene Shin

Coldwell Banker Realty License #475121112 Listed on: 05/30/2019

Coldwell Banker Realty

Last Buyer's Agent

Frank Jendo

Jam Realty Co License #471022527

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,220

Year Built

  • 1956

Lot Details

  • 7,187

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Frame Construction

Kitchen

  • Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Finished Basement Bathroom

Parking

  • Parking Available
  • Parking Space is Owned
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,220

Year Built

1956

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Bi-Level
  • Type Detached: Split Level w/ Sub
  • Estimated Year Built: 1956
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1956

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 24X13, On Level: Main Level, Flooring: Wood Laminate
  • Appliances: Oven/Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 15X7, On Level: Lower, Flooring: Vinyl
  • Dining Room: Dimensions: 20X14, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Kitchen Type: Dimensions: 12X11, On Level: Main Level, Flooring: Vinyl
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 11X9, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 11X10, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 1238
  • Family Room: Dimensions: 19X12, On Level: Lower

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick, Frame

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • School District: 207
  • Elementary School: Melzer School
  • Middle School: Gemini Junior High School
  • High School: Maine East High School
  • Junior High Dist: 63

Lot Info

  • Lot Dimensions: 120X60X120X59
  • Parcel Identification Number: 09132050050000

Tax Info

  • Taxes: 7632

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Jun 28, 2019
Sold by
Choi Jane and Lee Jane
Bought by
Warda Joseph and Marza Adoula
Seller's Agent
Eugene Shin
Coldwell Banker Realty
Buyer's Agent
Frank Jendo
Jam Realty Co
List Price
$269,000
Sold Price
$270,000
Premium/Discount to List
$1,000
0.37%
Current Estimated Value
$434,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,170
Avg. Annual Appreciation
7.07%
Original Mortgage
$243,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2012
Closed on
Sep 14, 2012
Sold by
Federal National Mortgage Association
Bought by
Choi Jane
Seller's Agent
Richard Wolnik
Riklin Realty
Buyer's Agent
James Park
Riklin Realty
List Price
$189,900
Sold Price
$205,000
Premium/Discount to List
$15,100
7.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$184,500
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2012
Sold by
Rementilla Junar A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 27, 2004
Sold by
International Realty Corp
Bought by
Rementilla Junar R and Libang Jocelyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2003
Sold by
Regala Roberto C and Regala Rowena T
Bought by
International Realty Corp

Purchase Details

Closed on
Mar 31, 1994
Sold by
Livshits Leonid and Linton Leonid
Bought by
Regala Roberto C and Regala Rowena T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
7.35%
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
Warda Joseph $270,000 Precision Title
Choi Jane $205,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Rementilla Junar R -- Citywide Title Corporation
International Realty Corp $290,000 --
Regala Roberto C $108,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warda Joseph $243,000
Previous Owner Choi Jane $184,500
Previous Owner Rementilla Junar R $280,000
Previous Owner Regala Roberto C $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $270,000 +0.4% $218 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $269,000 +31.2% $217 / Sq Ft
10/19/2012 10/19/12 Sold $205,000 +8.0% $166 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $189,900 -- $153 / 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 $7,220 $30,000 $7,920 $22,080
2023 $6,860 $30,000 $7,920 $22,080
2022 $6,860 $30,000 $7,920 $22,080
2021 $6,468 $24,300 $5,580 $18,720
2020 $7,282 $24,300 $5,580 $18,720
2019 $6,191 $27,000 $5,580 $21,420
2018 $7,751 $29,942 $4,860 $25,082
2017 $7,632 $29,942 $4,860 $25,082
2016 $7,362 $29,942 $4,860 $25,082
2015 $7,205 $27,163 $4,140 $23,023
2014 $7,052 $27,163 $4,140 $23,023
2013 $6,856 $27,163 $4,140 $23,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10396759

Midwest Real Estate Data (MRED)

APN: 09-13-205-005-0000