NOT LISTED FOR SALE

7725 Palma Ln Morton Grove, IL 60053

Estimated Value: $583,214 - $623,000

3 Beds
2.5 Baths
2,320 Sq Ft
$257/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $477,500 $206 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,133/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Formal Dining Room
  • Maine East High School Rated A
  • Home Office
  • 5-minute walk to Overhill Park

About This Home

As of October 2022

DREAMS DO COME TRUE! A strikingly pleasing and spacious 2 story home that has it all! Located at a prime location with EVERYTHING nearby! Relish the ideal opportunity to live minutes away from highly rated sought after school districts, the amazing parks, the shopping malls, the train station, the expressways, and much much more! The moment you arrive at this captivating home you will instantly fall in love! As you step inside, be prepared to be blown away with all custom upgrades and the meticulous craftsmanship throughout the home. You will be delighted by the eye-pleasing open floor plan and the extraordinary large private fenced yard! Right off the grand entry is the formal dining area perfect for special occasions. The spacious great room features slate flooring, large fireplace, and recessed lighting giving it a peaceful and relaxing feel. Conveniently access the two outdoor patios from the family room when it's time to take a break! An elegant and sophisticated chef's kitchen is the perfect place to start your morning with high-end stainless-steel appliances, breakfast bar, center island, custom cabinets and loads of counter space. Filled with an abundance of natural light, the expansive living room features large windows, gleaming hardwood floors, high ceilings, making it an ideal place for family gatherings. NOW, the real showstopper is the owner's retreat. As you enter you will be wowed by the exquisite attention to detail! Bathrooms have beautiful vanities, quartz counters, modern flooring and alluring tile work. Head downstairs to a finished lower level, making it a perfect area for many uses. What else could you ask for? Make your appointment now! WILL NOT LAST!

Last Agent to Sell the Property

Usman Taj

Baird & Warner License #475181654 Listed on: 08/19/2022

Baird & Warner

Last Buyer's Agent

ashour zaia

AMB Realty Corporation License #471001247

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,338

Year Built

  • Built in 1965

Lot Details

  • 6,957 Sq Ft Lot
  • Lot Dimensions are 23 x 120 x 82 x 79 x 48
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Quad-Level Property
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,320 Sq Ft Home
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Partially Finished Basement
  • Partial Basement
  • Storm Screens

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed

Schools

  • Melzer Elementary School
  • Gemini Junior High School
  • Maine East High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,338

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Other
  • Ownership: Fee Simple
  • ArchitecturalStyle: Quad Level
  • New Construction: No
  • Property Sub-Type: Other
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Built-In Oven, Range Hood, Water Purifier
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors
  • LivingArea: 2320
  • Room Type: Foyer, Office
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 485000
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 5
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot Size Acres: 0.1597
  • Lot Dimensions: 23 X 120 X 82 X 79 X 48
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9338
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Oct 30, 2020
Sold by
Knorr James John and The James John Knorr Trust
Bought by
Siraj Aamir and Sulemanjee Khadija A
Seller's Agent
Carol Walsh Rosentreter
RE/MAX Premier
Buyer's Agent
Usman Taj
Baird & Warner
List Price
$469,000
Sold Price
$455,000
Premium/Discount to List
-$14,000
-2.99%
Current Estimated Value
$596,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,554
Avg. Annual Appreciation
4.89%
Original Mortgage
$432,250
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2015
Sold by
Knorr James John
Bought by
Knorr James John and James John Knorr Trust

Purchase Details

Closed on
Nov 17, 2014
Sold by
Knorr James J and Knorr Penny
Bought by
Knorr James John and James John Knorr Trust
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
Siraj Aamir $455,000 Acquest Title Services Llc
Knorr James John -- None Available
Knorr James John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siraj Aamir $432,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $477,500 -1.5% $206 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $485,000 +6.6% $209 / Sq Ft
11/02/2020 11/02/20 Sold $455,000 -3.0% $196 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $469,000 -- $202 / 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 $11,634 $43,000 $8,002 $34,998
2023 $11,097 $43,000 $8,002 $34,998
2022 $11,097 $43,000 $8,002 $34,998
2021 $10,568 $34,263 $5,392 $28,871
2020 $9,338 $34,263 $5,392 $28,871
2019 $9,212 $38,498 $5,392 $33,106
2018 $8,102 $31,144 $4,696 $26,448
2017 $7,978 $31,144 $4,696 $26,448
2016 $7,685 $31,144 $4,696 $26,448
2015 $6,952 $26,299 $4,000 $22,299
2014 $7,630 $29,178 $4,000 $25,178
2013 $7,419 $29,178 $4,000 $25,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11608707

Midwest Real Estate Data (MRED)

APN: 09-13-106-046-0000