NOT LISTED FOR SALE

8431 Melvina Ave Burbank, IL 60459

Estimated Value: $364,000 - $409,647

5 Beds
2 Baths
2,595 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 15, 2025

Last sale price $345,000 $133 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,589/month

29 Days on Market

Highlights

  • Recreation Room
  • 2 Car Detached Garage
  • Laundry Room
  • Wood Flooring
  • Living Room
  • 5-minute walk to McArthur Park

About This Home

As of January 2025

Do not miss out on this pristine home that boasts nearly 2,600 square feet of finished living space and has been very well-maintained! Including a 2 car oversized detached garage, lots of backyard space and one of the LARGEST properties in the area. Offering 5 bedrooms and a potential 6th bedroom. Plenty of room for entertaining, gathering, dining and much more. This home has a large laundry room with tiled flooring. The lower level offers a recreation room with new flooring. This property is conveniently located one block from the Children's library, park, and the park's pool. The elementary school is within walking distance and you're minutes away from the expressway which gives you easy access to Chicago. Do not miss out on this GEM!

Last Agent to Sell the Property

Stefano Belmonte

Better Homes & Gardens Real Estate License #475209324 Listed on: 11/17/2024

Last Buyer's Agent

Jose Melendres

EXIT Strategy Realty License #471006818

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,838

Year Built

  • Built in 1973

Lot Details

  • 6,795

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Split Level Home
  • Combination Foundation

Interior Spaces

  • 2,595 Sq Ft Home
  • Ceiling Fan
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Sump Pump

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Edward J Tobin Elementary School
  • Reavis High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,838

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1973
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 1978
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Hardwood Floors, Wood Laminate Floors, Some Carpeting
  • LivingArea: 2595
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Bedroom 5, Recreation Room, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Combination

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, In Unit
  • 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

  • Elementary School: Edward J Tobin Elementary School
  • High School: Reavis High School

Lot Info

  • Lot Dimensions: 0.1557
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5838
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2024
Closed on
Jan 10, 2025
Sold by
Trust Number 30255 and Marquette Bank
Bought by
Acosta Juana Orejon
Seller's Agent
Stefano Belmonte
Better Homes & Gardens Real Estate
Buyer's Agent
Jose Melendres
EXIT Strategy Realty
List Price
$369,900
Sold Price
$345,000
Premium/Discount to List
-$24,900
-6.73%
Views
116
Current Estimated Value
$376,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,662
Avg. Annual Appreciation
9.58%
Original Mortgage
$205,000
Outstanding Balance
$202,804
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$173,858

Purchase Details

Closed on
Nov 7, 2018
Sold by
Karoubas Gus
Bought by
Marquette Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Acosta Juana Orejon $345,000 None Listed On Document
Marquette Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Juana Orejon $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $345,000 -6.7% $133 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/17/2024 11/17/24 For Sale $369,900 -- $143 / 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 $7,457 $30,000 $4,239 $25,761
2024 $7,457 $30,000 $4,239 $25,761
2023 $5,838 $30,000 $4,239 $25,761
2022 $5,838 $21,295 $3,731 $17,564
2021 $2,404 $21,294 $3,730 $17,564
2020 $2,160 $21,294 $3,730 $17,564
2019 $2,403 $21,956 $3,391 $18,565
2018 $2,339 $21,956 $3,391 $18,565
2017 $2,222 $21,956 $3,391 $18,565
2016 $3,213 $17,685 $2,882 $14,803
2015 $3,249 $17,685 $2,882 $14,803
2014 $3,086 $17,685 $2,882 $14,803
2013 $2,886 $18,988 $2,882 $16,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12212169

Midwest Real Estate Data (MRED)

APN: 19-32-305-018-0000