NOT LISTED FOR SALE

8046 Lorel Ave Burbank, IL 60459

Estimated Value: $463,000 - $547,000

3 Beds
3 Baths
2,007 Sq Ft
$249/Sq Ft Est. Value

About This Home

This home is located at 8046 Lorel Ave, Burbank, IL 60459 and is currently estimated at $499,912, approximately $249 per square foot. 8046 Lorel Ave is a home located in Cook County with nearby schools including Luther Burbank Elementary School, Reavis High School, and St Albert the Great Catholic School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Arcos Maria
Bought by
Lara Nelly and Lara Roberto W
Current Estimated Value
$499,912

Purchase Details

Closed on
May 29, 2019
Sold by
Enciso Nelly and Lara Roberto W
Bought by
Lara Nelly and Lara Roberto W

Purchase Details

Closed on
Jun 19, 2006
Sold by
Enciso Nelly
Bought by
Lara Roberto and Enciso Nelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2006
Sold by
Family Bank & Trust Co
Bought by
Enciso Nelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 14, 2005
Sold by
Palos Corp
Bought by
Family Bank & Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
6.25%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 29, 2005
Sold by
Latimer Walter A and Latimer Luella M
Bought by
Palos Corp

Purchase Details

Closed on
Jan 10, 1997
Sold by
Cole Taylor Bank
Bought by
Latimer Walter A and Latimer Luella M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
7.66%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Lara Nelly -- None Listed On Document
Lara Nelly -- Accommodation
Lara Roberto -- Chicago Title Insurance Co
Enciso Nelly $505,000 Cti
Family Bank & Trust Co -- --
Palos Corp $162,000 Ticor Title
Latimer Walter A -- Oconnor Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Enciso Nelly $404,000
Previous Owner Enciso Nelly $50,000
Previous Owner Family Bank & Trust Co $253,000
Previous Owner Latimer Walter A $84,000
Previous Owner Latimer Walter A $72,250
Previous Owner Latimer Walter A $68,000
Previous Owner Latimer Walter A $55,050
Previous Owner Latimer Walter A $34,000
Source: Public Records

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 $10,452 $37,000 $9,855 $27,145
2023 $9,091 $37,000 $9,855 $27,145
2022 $9,091 $26,995 $8,559 $18,436
2021 $8,732 $26,994 $8,558 $18,436
2020 $8,505 $26,994 $8,558 $18,436
2019 $9,568 $30,135 $7,780 $22,355
2018 $9,294 $30,135 $7,780 $22,355
2017 $9,006 $30,135 $7,780 $22,355
2016 $7,372 $23,421 $6,483 $16,938
2015 $7,055 $23,421 $6,483 $16,938
2014 $6,861 $23,421 $6,483 $16,938
2013 $7,847 $28,733 $6,483 $22,250
Source: Public Records

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