NOT LISTED FOR SALE

7523 Lorel Ave Burbank, IL 60459

Estimated Value: $283,000 - $357,000

4 Beds
2 Baths
1,200 Sq Ft
$259/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $255,000 $212 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,323/month

26 Days on Market

About This Home

As of January 2022

Modernized sleek interior design! Looks and feels brand new. Absolutely charming interior with upgrades everywhere. Premium gourmet kitchen with new SS appliances. Updated bathrooms with imported designer tile. Designer lighting and faucet fixtures. New engineered hardwood floors. New carpet. Freshly painted interior with Benjamin Moore designer colors. Private fenced backyard for entertaining. Spacious 2 car garage. Highly sought after school district and neighborhood! FHA, VA, Conventional all welcome!(previously under contract, buyer lost financing).

Last Agent to Sell the Property

Mike Berg

Berg Properties License #475114838 Listed on: 11/08/2021

Last Buyer's Agent

Alma Garcia

RE/MAX MI CASA License #475122453

RE/MAX MI CASA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,949

Year Built | Renovated

  • 1970 | 2021

Lot Details

  • 3,485

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Off Alley Driveway
  • Parking Included in Price

Interior Spaces

  • 1.5-Story Property
  • Combination Dining and Living Room
  • Finished Basement
  • Finished Basement Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,949

Year Built | Renovated

1970 | 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1.5 Story
  • Property Sub Type: 1.5 Story
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • Architectural Style: Bungalow
  • Directions: From State Rd, North on Lorel to property
  • Lot Size: 3750
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1970
  • Year Renovated: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Has Basement: Partial
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Dining Room Type: Foyer

Exterior Features

  • Roof: Asphalt
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Driveway: Off Alley
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 220

Lot Info

  • 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: 4646
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 26, 2022
Sold by
Ts Holdings Llc
Bought by
Alfonso Magaly and Fuentes Elsa
Seller's Agent
Mike Berg
Berg Properties
Buyer's Agent
Alma Garcia
RE/MAX MI CASA
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%
Total Days on Market
26
Current Estimated Value
$310,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,718
Avg. Annual Appreciation
6.02%
Original Mortgage
$229,500
Outstanding Balance
$213,511
Interest Rate
3.22%
Estimated Equity
$97,207

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 12, 2022
Sold by
Ts Holdings Llc
Bought by
Alfonso Magaly and Fuentes Elsa
Seller's Agent
Mike Berg
Berg Properties
Buyer's Agent
Alma Garcia
RE/MAX MI CASA
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Outstanding Balance
$213,511
Interest Rate
3.22%
Estimated Equity
$97,207

Purchase Details

Closed on
Feb 16, 2021
Sold by
Sandra Lopez and Us Bank Trust National Associa
Bought by
Ts Holdings Llc

Purchase Details

Closed on
Dec 20, 2007
Sold by
Lopez Sandra and Lopez Ovidio
Bought by
Lopez Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2006
Sold by
Sabido Maricela A and Lopez Sandra
Bought by
Lopez Ovidio and Lopez Sandra

Purchase Details

Closed on
Dec 3, 2005
Sold by
Sabido Maricela A and Lopez Sandra
Bought by
Sabido Maricela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2003
Sold by
Szkarlat Richard and Szkarlat Anna
Bought by
Sabido Maricela A and Lopez Ovidio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,204
Interest Rate
5.94%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2001
Sold by
Szkarlat Richard and Szkarlat Anna
Bought by
Szkarlat Richard and Szkarlat Anna

Purchase Details

Closed on
Jan 2, 2001
Sold by
Emc Mtg Corp
Bought by
Sakarlat Anna and Sakarlat Richard

Purchase Details

Closed on
Oct 26, 2000
Sold by
Abuznade Mohammad J
Bought by
Emc Mtg Corp

Purchase Details

Closed on
May 8, 1996
Sold by
Cahill John T and Cahill Helena A
Bought by
Abuznade Mohammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,450
Interest Rate
7.86%
Source: Public Records

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Range of Values:

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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
Alfonso Magaly -- --
Alfonso Magaly -- --
Alfonso Magaly -- --
Ts Holdings Llc $138,000 Fidelity National Title
Lopez Sandra -- Mgr International
Lopez Sandra -- Mgr International
Lopez Ovidio -- Lawyers Title Insurance Corp
Sabido Maricela A -- Lt
Sabido Maricela A $179,000 1St American Title
Szkarlat Richard -- --
Sakarlat Anna $111,500 --
Emc Mtg Corp -- --
Abuznade Mohammad $117,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alfonso Magaly $229,500
Previous Owner Lopez Sandra $224,000
Previous Owner Sabido Maricela A $205,000
Previous Owner Sabido Maricela A $176,204
Previous Owner Szkarlat Richard $147,000
Previous Owner Abuznade Mohammad $135,900
Previous Owner Abuznade Mohammad $113,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $255,000 -1.9% $213 / Sq Ft
12/05/2021 12/05/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $259,900 -- $217 / 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 $6,949 $25,001 $3,563 $21,438
2023 $6,949 $25,001 $3,563 $21,438
2022 $6,949 $18,020 $3,094 $14,926
2021 $5,420 $18,019 $3,093 $14,926
2020 $5,310 $18,019 $3,093 $14,926
2019 $4,647 $16,398 $2,812 $13,586
2018 $4,512 $16,398 $2,812 $13,586
2017 $4,383 $16,398 $2,812 $13,586
2016 $4,669 $15,750 $2,343 $13,407
2015 $4,453 $15,750 $2,343 $13,407
2014 $4,337 $15,750 $2,343 $13,407
2013 $4,618 $17,991 $2,343 $15,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11265773

Midwest Real Estate Data (MRED)

APN: 19-28-301-011-0000