NOT LISTED FOR SALE

7705 Palma Ln Morton Grove, IL 60053

Estimated Value: $565,000 - $618,636

5 Beds
4 Baths
3,200 Sq Ft
$186/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $405,000 $127 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,059/month

3 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Breakfast Room
  • Maine East High School Rated A
  • Beamed Ceilings
  • 4-minute walk to Overhill Park

About This Home

As of November 2020

Huge value! 3200 sq. ft. in an excellent Morton Grove location. 5 bedrooms on 4 spacious levels of living space! Main level features newer eat-in kitchen w granite counters, ample dining room and living room w hardwood floors. 4 large bedrooms outfitted w/ hardwood floors on 2nd level. Great lower level boasts a large family room/rec room, 5th bedroom and a full bathroom. Head to the top floor and you'll fall in love with the huge great room with all hardwood floors and tons of space for large gatherings. Newer furnace and central air. New concrete driveway, new roof and new fence. Walk to school, parks and other neighborhood conveniences. Check out 3D virtual tour and schedule your appointment today! Easy to show!

Last Agent to Sell the Property

Scott Shapiro

eXp Realty License #475139719 Listed on: 09/23/2020

eXp Realty

Last Buyer's Agent

Mustafa Noori

Kale Realty License #475191512

Kale Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,737

Year Built

  • 1961

Lot Details

  • 7,405

Parking

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

Home Design

  • Brick Exterior Construction
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • Beamed Ceilings
  • Breakfast Room
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • No Tub in Bathroom
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Stamped Concrete Patio

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

Est. Annual Taxes

$10,737

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 51-60 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Type Detached: 3 Stories
  • Estimated Year Built: 1961
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Interior Property Features: Hardwood Floors, In-Law Arrangement, Beamed Ceilings
  • Number Of Rooms: 11
  • Living Room: Dimensions: 23X19, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Equipment: CO Detectors
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, No Tub
  • Above Grade Bedrooms: 5
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 9X9, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: 5th Bedroom, Breakfast Room, Recreation Room
  • Master Bedroom: Dimensions: 15X10, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 13X10, On Level: Lower, Flooring: Ceramic Tile
  • Additional Room 2 Name: Breakfast Rm, Dimensions: 8X7, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 3 Name: Recreation Rm, Dimensions: 21X15, On Level: Lower, Flooring: Ceramic Tile
  • Bedroom 3: Dimensions: 13X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 13X11, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 3200
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 32X27, On Level: 3rd Level, Flooring: Hardwood

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick, Stucco, Stone
  • Exterior Property Features: Stamped Concrete Patio
  • Acreage: 0.17

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

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: 60X123
  • Parcel Identification Number: 09131070030000

Tax Info

  • Taxes: 10397.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Nov 9, 2020
Sold by
Majeed Abdul and Majeed Zakaria B
Bought by
Syed Saleha and Noori Mustafa A
Seller's Agent
Scott Shapiro
eXp Realty
Buyer's Agent
Mustafa Noori
Kale Realty
List Price
$415,000
Sold Price
$405,000
Premium/Discount to List
-$10,000
-2.41%
Current Estimated Value
$596,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,659
Avg. Annual Appreciation
7.72%
Original Mortgage
$384,750
Outstanding Balance
$344,523
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$237,788

Purchase Details

Closed on
Sep 9, 2014
Sold by
Majeed Fozia and Majeed Abdul
Bought by
Majeed Abdul and Majeed Zakaria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2012
Sold by
Majeed Fozia
Bought by
Majeed Fozia and Majeed Abdul

Purchase Details

Closed on
Mar 7, 2011
Sold by
Mody Vishal
Bought by
Majeed Fozia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,700
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 2010
Sold by
American Home Mortgage Servicing Inc
Bought by
Mody Vishal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2009
Sold by
Namroud Jacklin and Younadim Jacklin S
Bought by
American Home Mortgage Servicing Inc

Purchase Details

Closed on
Jul 22, 2005
Sold by
Namroud Robert
Bought by
Namroud Jacklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
6.45%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 14, 2004
Sold by
Abrams Idell C and Cohen Betty
Bought by
Namroud Robert and Namroud Jacklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2003
Sold by
Abrams Idell C
Bought by
Abrams Idell C and Cohen Betty
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Syed Saleha $405,000 Chicago Title
Majeed Abdul -- Proper Title Llc
Majeed Fozia -- None Available
Majeed Fozia $300,000 None Available
Mody Vishal $282,500 Premier Title
American Home Mortgage Servicing Inc -- None Available
Namroud Jacklin -- Cambridge Title Company
Namroud Robert $440,000 Multiple
Abrams Idell C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syed Saleha $384,750
Previous Owner Majeed Abdul $260,000
Previous Owner Majeed Fozia $272,700
Previous Owner Mody Vishal $167,500
Previous Owner Namroud Robert $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $405,000 -2.4% $127 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $415,000 -- $130 / 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 $10,737 $43,000 $8,625 $34,375
2023 $10,215 $43,000 $8,625 $34,375
2022 $10,215 $43,000 $8,625 $34,375
2021 $10,780 $38,280 $5,812 $32,468
2020 $10,542 $38,280 $5,812 $32,468
2019 $10,397 $43,012 $5,812 $37,200
2018 $8,961 $34,083 $5,062 $29,021
2017 $8,822 $34,083 $5,062 $29,021
2016 $8,473 $34,083 $5,062 $29,021
2015 $7,620 $28,574 $4,312 $24,262
2014 $7,457 $28,574 $4,312 $24,262
2013 $7,251 $28,574 $4,312 $24,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10863459

Midwest Real Estate Data (MRED)

APN: 09-13-107-003-0000