NOT LISTED FOR SALE

8055 Lorel Ave Burbank, IL 60459

Estimated Value: $229,000 - $304,709

3 Beds
1.5 Baths
1,144 Sq Ft
$238/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $185,000 $162 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,838/month

40 Days on Market

Highlights

  • Living Room
  • Central Air
  • Dining Room
  • Laundry Room

About This Home

As of February 2023

Wonderful home on a huge lot looking for new owners. 3 bedrooms and 1.5 baths. Updates include newer roof and windows. Basement has drain tile system installed for additional peace of mind. Schedule a showing and come see it today.

Last Agent to Sell the Property

Andrzej Opacian

Home Sellers Realty Inc. License #475158381 Listed on: 12/03/2022

Last Buyer's Agent

Maribel Castillo Sanchez

RE/MAX Mi Casa License #475175449

RE/MAX Mi Casa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,241

Year Built

  • Built in 1955

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,144 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Reavis High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,241

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1144
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 4
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Reavis High School

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 10374
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5241.15
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
Feb 15, 2023
Sold by
Olevich Alice M
Bought by
Jaimes Veronica
Seller's Agent
Andrzej Opacian
Home Sellers Realty Inc.
Buyer's Agent
Maribel Castillo Sanchez
RE/MAX Mi Casa
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Views
72
Current Estimated Value
$262,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,549
Avg. Annual Appreciation
14.42%
Original Mortgage
$129,500
Outstanding Balance
$124,414
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$148,263

Purchase Details

Closed on
Mar 30, 1994
Sold by
Olevich William A and Olevich William J
Bought by
Olevich Steven M and Olevich Alice M
Source: Public Records
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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
Jaimes Veronica $185,000 None Listed On Document
Olevich Steven M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaimes Veronica $129,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2023 02/15/23 Sold $185,000 -7.5% $162 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
01/08/2023 01/08/23 For Sale $199,900 0.0% $175 / Sq Ft
12/22/2022 12/22/22 Pending -- -- --
12/03/2022 12/03/22 For Sale $199,900 -- $175 / 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
2025 $5,595 $24,000 $9,855 $14,145
2024 $5,595 $24,000 $9,855 $14,145
2023 $4,236 $24,000 $9,855 $14,145
2022 $4,236 $17,826 $8,559 $9,267
2021 $4,120 $17,825 $8,558 $9,267
2020 $5,241 $17,825 $8,558 $9,267
2019 $5,488 $18,748 $7,780 $10,968
2018 $5,330 $18,748 $7,780 $10,968
2017 $5,174 $18,748 $7,780 $10,968
2016 $4,737 $15,942 $6,483 $9,459
2015 $4,518 $15,942 $6,483 $9,459
2014 $4,400 $15,942 $6,483 $9,459
2013 $4,920 $18,995 $6,483 $12,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11682584

Midwest Real Estate Data (MRED)

APN: 19-33-107-017-0000