NOT LISTED FOR SALE

8162 W Forest Preserve Ave Unit 1W Chicago, IL 60634

Belmont Terrace Neighborhood

Estimated Value: $175,000 - $211,000

2 Beds
1 Bath
-- Sq Ft
$191/mo HOA Fee

Last Sold October 30, 2020

Last sale price $142,500

Est. 34% increase in value since last sale

Current estimated payment $1,374/month

10 Days on Market

Highlights

  • Wood Flooring
  • Kitchen Island
  • 5-minute walk to Hiawatha Park
  • Storage
  • Forced Air Heating System

About This Home

As of October 2020

DO ABSOLUTELY NOTHING BUT MOVE IN!! UPDATED BRIGHT 2 BEDROOMS 1 BATH CONDO WITH WASHER DRYER IN UNIT! BEAUTIFUL KITCHEN HAS GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES..LOW ASSESSMENTS AND EXCELLENT SCHOOL DISTRICT (CANTY SCHOOL)WITHIN WALKING DISTANCE...UNIT IS CLOSE TO SHOPPING CENTERS, RESTAURANTS, AND IS MINUTES AWAY FROM THE HIGHWAY. 2ND LAUNDRY IN THE COMMON AREA AS WELL. INVESTORS WELCOME AS UNIT ALLOWS FOR RENTALS! WILL NOT LAST COME SEE IT WHILE YOU CAN.

Last Agent to Sell the Property

Mark Swiderski

Baird & Warner License #475181067 Listed on: 09/02/2020

Last Buyer's Agent

John Debaz

Coldwell Banker License #475103035

Coldwell Banker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,695

Year Built | Renovated

  • 1959 | 2011

Lot Details

  • 8,625

HOA Fees

  • $191 per month

Parking

  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Storage
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Kitchen Island

Laundry

  • Dryer
  • Washer

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,695

Year Built | Renovated

1959 | 2011

Lot Details

0

HOA Fees

$191 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Rehab Year: 2011
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1959
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1959
  • Year Renovated: 2011

Interior Features

  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit, Storage
  • Number Of Rooms: 4
  • Living Room: Dimensions: 16X14, On Level: Main Level, Windows: Shades
  • Appliances: Oven/Range, Microwave, Refrigerator, Washer, Dryer
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 15X10, On Level: Main Level, Flooring: Ceramic Tile, Windows: Shades
  • Kitchen Type: Island
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood, Windows: Shades
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level, Flooring: Hardwood, Windows: Shades

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Coin Laundry, Storage
  • Assessment Includes: Heat, Water, Gas, Common Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Assessment Association Fees: 191
  • Management Contact Name: Marta Pytel
  • Management Phone: 847-666-7483

Fee Information

  • Management Company: FOREST PRESERVE CONDO ASSOCIATION

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 12234040541004

Multi Family

  • Total Number Unitsin Building: 12
  • Number Stories: 3

Tax Info

  • Taxes: 2623.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Oct 22, 2020
Sold by
Pawlik Michal A
Bought by
Scruggs Robert A
Seller's Agent
Mark Swiderski
Baird & Warner
Buyer's Agent
John Debaz
Coldwell Banker
List Price
$158,000
Sold Price
$142,500
Premium/Discount to List
-$15,500
-9.81%
Current Estimated Value
$191,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,805
Avg. Annual Appreciation
5.95%
Original Mortgage
$72,500
Outstanding Balance
$65,046
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$123,248

Purchase Details

Closed on
Oct 31, 2005
Sold by
Community Savings Bank
Bought by
Pawlik Michal A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.8%
Mortgage Type
Fannie Mae Freddie Mac
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
Scruggs Robert A $142,500 Altima Title Llc
Pawlik Michal A $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scruggs Robert A $72,500
Previous Owner Pawlik Michal A $146,400
Previous Owner Pawlik Michal A $25,100
Previous Owner Pawlik Michal $136,000
Previous Owner Pawlik Michal A $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $142,500 -9.8% --
09/12/2020 09/12/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $158,000 -- --
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 $1,695 $15,993 $1,762 $14,231
2023 $1,472 $14,000 $1,410 $12,590
2022 $1,472 $14,000 $1,410 $12,590
2021 $2,815 $13,999 $1,409 $12,590
2020 $2,603 $14,785 $881 $13,904
2019 $2,623 $16,487 $881 $15,606
2018 $2,578 $16,487 $881 $15,606
2017 $1,147 $8,703 $775 $7,928
2016 $1,243 $8,703 $775 $7,928
2015 $1,114 $8,703 $775 $7,928
2014 $1,533 $10,833 $740 $10,093
2013 $1,492 $10,833 $740 $10,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10844584

Midwest Real Estate Data (MRED)

APN: 12-23-404-054-1004