NOT LISTED FOR SALE

8643 Lorel Ave Burbank, IL 60459

Estimated Value: $298,000 - $312,347

3 Beds
1 Bath
1,196 Sq Ft
$255/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $245,000 $205 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,247/month

1 Day on Market

Highlights

  • Lower Floor Utility Room
  • 2 Car Detached Garage
  • 1-Story Property
  • Fenced Yard
  • Bay Window
  • Central Air

About This Home

As of June 2021

Here it is...... pulling up to this home gives you the feeling of country living yet close to your favorite places** this home sits on a double lot with a fenced yard big enough to host a celebration memories are made of** wide front porch for morning coffee or is it cafe latte's now?** enter into the foyer and straight ahead is the large eat in kitchen with all appliances staying** spacious living room with a beautiful bay window and hardwood floors** 3 bedrooms around corner with hardwoods as well** full finished basement with a large utility storage room and another storage room as well. Family room with a gas fire unit and a separate wood burning unit** newer windows**maintenance free home** double wide side drive with 2 car garage** main level laundry YAY!!** Get it today before its gone!!

Last Agent to Sell the Property

Catherine O'Shea

O'Shea Realty, LLC License #471017327 Listed on: 05/08/2021

Last Buyer's Agent

Magali Miranda

I.D.S. Realty, Inc. License #475146181

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,284

Year Built

  • Built in 1949

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x132
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,196 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,284

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1949
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1196
  • Room Type: Utility Room-Lower Level
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1196
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Window Features: Bay Window(s)

Exterior Features

  • List Price: 239900
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt,Side Drive
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 111

Lot Info

  • Lot Size Acres: 0.305
  • Lot Dimensions: 100X132
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5284.27
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2021
Closed on
Jun 24, 2021
Sold by
Novak Michael E and Novak Sherry
Bought by
Ramirez Ana C and Alejand Salvador Mendoza
Seller's Agent
Catherine O'Shea
O'Shea Realty, LLC
Buyer's Agent
Magali Miranda
I.D.S. Realty, Inc.
Sold Price
$245,000
Current Estimated Value
$304,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,837
Avg. Annual Appreciation
5.24%
Original Mortgage
$237,650
Outstanding Balance
$215,463
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$89,374

Purchase Details

Closed on
Oct 1, 2004
Sold by
Novak Michael E and Novak Sherry
Bought by
Novak Michael E and Novak Sherry

Purchase Details

Closed on
Jun 6, 2002
Sold by
Maks Sherry and Novak Sherry
Bought by
Novak Michael E and Novak Sherry

Purchase Details

Closed on
Mar 15, 2001
Sold by
Harrison Lawrence C and Harrison Joanne C
Bought by
Novak Michael E and Maks Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.05%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ramirez Ana C $245,000 Greater Illinois Title
Novak Michael E -- --
Novak Michael E -- --
Novak Michael E $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Ana C $237,650
Previous Owner Novak Michael E $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $245,000 +2.1% $205 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
05/09/2021 05/09/21 For Sale -- -- --
05/08/2021 05/08/21 For Sale $239,900 -- $201 / 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 $7,489 $24,135 $12,635 $11,500
2023 $6,747 $24,135 $12,635 $11,500
2022 $6,747 $17,496 $10,973 $6,523
2021 $5,227 $17,495 $10,972 $6,523
2020 $5,124 $17,495 $10,972 $6,523
2019 $5,284 $18,178 $9,975 $8,203
2018 $5,132 $18,178 $9,975 $8,203
2017 $4,982 $18,178 $9,975 $8,203
2016 $4,765 $16,021 $8,312 $7,709
2015 $4,545 $16,021 $8,312 $7,709
2014 $4,426 $16,021 $8,312 $7,709
2013 $4,791 $18,567 $8,312 $10,255
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11081147

Midwest Real Estate Data (MRED)

APN: 19-33-310-004-0000