NOT LISTED FOR SALE

7731 W Palatine Ave Chicago, IL 60631

Norwood Park Neighborhood

Estimated Value: $450,000 - $583,000

4 Beds
2 Baths
1,671 Sq Ft
$307/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $324,000 $194 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,441/month

10 Days on Market

Highlights

  • Detached Garage
  • Property is near a bus stop
  • Central Air
  • Taft High School Rated A-

About This Home

As of May 2014

Brick constructed 4-bed 2-bath home in Edison Park! Carpet with hardwood floors underneath throughout. Open staircase that leads to 2nd floor addition. Finished basement with walk-out. Nice yard on a quiet street. 1/2 block from Park Ridge. Bring your decorating ideas!

Last Agent to Sell the Property

Bill Karner

Re/Max Cityview License #475151978 Listed on: 02/18/2014

Re/Max Cityview

Last Buyer's Agent

Andrew Wendt

Compass License #471010510

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,951

Year Built

  • 1950

Lot Details

  • 3,485

Parking

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

Home Design

  • Brick Exterior Construction
  • Cedar

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Location

  • Property is near a bus stop

Utilities

  • Central Air
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,951

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Type Detached: 2 Stories
  • Estimated Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 13X19, On Level: Main Level
  • Basement: Full
  • Basement: Finished, Exterior Access
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 15X22, On Level: Basement
  • Dining Room: Dimensions: 10X10, On Level: Main Level
  • Kitchen Type: Dimensions: 9X10, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X13, On Level: 2nd Level
  • Bedroom 2: Dimensions: 11X11, On Level: 2nd Level
  • Bedroom 3: Dimensions: 10X13, On Level: Main Level
  • Bedroom 4: Dimensions: 11X12, On Level: Main Level
  • Estimated Sq Ft: 1671
  • Family Room: Dimensions: 18X22, On Level: Basement

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick, Cedar
  • Acreage: 0.0861

Garage/Parking

  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2.5
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

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

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 31X125
  • Parcel Identification Number: 12011100010000

Tax Info

  • Taxes: 5288.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2014
Closed on
Apr 29, 2014
Sold by
Lasalle National Trust Na
Bought by
Reuter Jeffrey M and Reuter Kerri A
Seller's Agent
Bill Karner
Re/Max Cityview
Buyer's Agent
Andrew Wendt
Compass
List Price
$299,900
Sold Price
$324,000
Premium/Discount to List
$24,100
8.04%
Current Estimated Value
$507,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,271
Avg. Annual Appreciation
3.77%
Original Mortgage
$304,950
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Reuter Jeffrey M $321,000 Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reuter Jeffrey $450,000
Closed Reuter Jeffrey M $62,510
Closed Reuter Jeffrey M $284,400
Closed Reuter Jeffrey M $304,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $324,000 +8.0% $194 / Sq Ft
02/28/2014 02/28/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $299,900 -- $179 / 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 $7,951 $44,000 $9,375 $34,625
2023 $7,730 $41,000 $7,500 $33,500
2022 $7,730 $41,000 $7,500 $33,500
2021 $7,575 $41,000 $7,500 $33,500
2020 $5,910 $29,631 $4,687 $24,944
2019 $5,853 $32,562 $4,687 $27,875
2018 $5,754 $32,562 $4,687 $27,875
2017 $5,852 $30,559 $4,125 $26,434
2016 $5,620 $30,559 $4,125 $26,434
2015 $5,895 $32,168 $4,125 $28,043
2014 $4,326 $23,317 $3,750 $19,567
2013 $4,241 $23,317 $3,750 $19,567
Source: Public Records

Agents Affiliated with this Home

  • Bill Karner

    Seller's Agent in 2014

    Bill Karner

    RE/MAX

    (773) 983-3576

    5 in this area

    68 Total Sales

    Section Image
  • Andrew Wendt

    Buyer's Agent in 2014

    Andrew Wendt

    Compass

    (312) 550-9335

    1 in this area

    71 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08539690

Midwest Real Estate Data (MRED)

APN: 12-01-110-001-0000

Illinois Cook County Chicago 60631 Norwood Park

7731 W Palatine Ave, Chicago, IL

This home is located at 7731 W Palatine Ave, Chicago, IL 60631 since 18 February 2014 and is currently estimated at $513,652, approximately $307 per square foot. This property was built in 1950. 7731 W Palatine Ave is a home located in Cook County with nearby schools including Edison Park Elementary School, Taft High School, and Immaculate Conception School.

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