NOT LISTED FOR SALE

7620 W 61st Place Summit, IL 60501

Summit Area
5 Beds
3 Baths
-- Sq Ft
2000 Built

Sale Details

Date Sold: February 27, 2017

Last sale price $205,000

149 Days on Market

Highlights

  • Fenced Yard
  • Argo Community High School Rated A-
  • 2 Car Detached Garage

About This Home

As of February 2017

HUGE PRICE REDUCTION. GREAT BUY. 2 FLAT. EACH FLOOR W/FUNCTIONALITY IN INTERIOR SPACE DESIGN. LARGE KITCHENS & DINING AREA. ALL UTILITIES ARE SEPARATE. PRIVATE FENCED YARD. 2.5 CAR GARAGE. BOTH UNITS ARE RENTED AND TENANTS ARE WILLING TO STAY! FULLY REMODELED. 2 BED 1 BATH 1ST FLOOR AND 3 BED 2 BATH 2ND FLOOR! UNIT 1 RENTED OUT FOR $1200 A MONTH, UNIT 2 RENTED FOR $1000 A MONTH

Last Agent to Sell the Property

Mohamed Murad

HomeSmart Realty Group License #475170055 Listed on: 06/13/2016

HomeSmart Realty Group

Last Buyer's Agent

Margarita Patino

PMJ Realty License #471017169

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,531

Year Built

  • Built in 2000

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Lot Details

  • Lot Dimensions are 30 x 125
  • Fenced Yard

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • 2 Stories

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,531

Year Built

Built in 2000

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2000
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Lot Features: Fenced Yard
  • 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
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 8531
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • 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
Jun 13, 2016
Closed on
Feb 27, 2017
Sold by
Bought by
Seller's Agent
Mohamed Murad
HomeSmart Realty Group
Buyer's Agent
Margarita Patino
PMJ Realty
List Price
$279,000
Sold Price
$205,000
Premium/Discount to List
-$74,000
-26.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,286
Outstanding Balance
$163,840
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2015
Sold by
Bought by

Purchase Details

Listed on
Aug 26, 2013
Closed on
Nov 7, 2013
Sold by
Bought by
Seller's Agent
Teresa Ryan
Century 21 Circle
Buyer's Agent
David Hoak
Chicagoland Brokers, Inc
List Price
$110,000
Sold Price
$95,530
Premium/Discount to List
-$14,470
-13.15%

Purchase Details

Closed on
Apr 26, 2012
Sold by
Bought by

Purchase Details

Closed on
May 23, 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
$172,650
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 1999
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
$162,900
Interest Rate
8.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Summit, IL

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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
$205,000 First American Title
-- Attorney
$96,000 Attorneys Title Guaranty Fun
-- None Available
-- --
$171,500 Professional National Title
$19,000 --
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 $201,286
Closed $172,650
Previous Owner $162,900
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 Prior Sale
02/27/2017 02/27/17 Sold $205,000 -14.2% --
11/09/2016 11/09/16 Pending -- -- --
08/11/2016 08/11/16 Price Changed $239,000 -7.7% --
06/29/2016 06/29/16 Price Changed $259,000 -7.2% --
06/13/2016 06/13/16 For Sale $279,000 +192.1% --
11/29/2013 11/29/13 Sold $95,530 0.0% -- View Prior Sale
11/03/2013 11/03/13 Pending -- -- --
10/25/2013 10/25/13 Off Market $95,530 -- --
10/14/2013 10/14/13 Price Changed $102,000 -7.3% --
08/26/2013 08/26/13 For Sale $110,000 -- --
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 $10,511 $30,000 $2,719 $27,281
2024 $10,511 $30,000 $2,719 $27,281
2023 $9,501 $30,000 $2,719 $27,281
2022 $9,501 $22,024 $2,344 $19,680
2021 $9,246 $22,022 $2,343 $19,679
2020 $9,467 $22,022 $2,343 $19,679
2019 $10,079 $21,923 $2,156 $19,767
2018 $9,747 $21,923 $2,156 $19,767
2017 $9,734 $21,923 $2,156 $19,767
2016 $8,995 $19,046 $1,875 $17,171
2015 $8,717 $19,046 $1,875 $17,171
2014 $8,531 $19,046 $1,875 $17,171
2013 $6,573 $18,970 $1,875 $17,095
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09255974

Midwest Real Estate Data (MRED)
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