NOT LISTED FOR SALE

8707 W 123rd St Palos Park, IL 60464

Estimated Value: $530,000 - $582,000

3 Beds
2.5 Baths
1,908 Sq Ft
$291/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $550,000 $288 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,720/month

22 Days on Market

Highlights

  • Wooded Lot
  • Ranch Style House
  • 2 Fireplaces
  • Palos East Elementary School Rated A
  • Wood Flooring
  • L-Shaped Dining Room

About This Home

As of August 2024

Welcome to this inviting brick ranch home nestled in the highly desirable Palos Park area. Boasting a spacious layout and modern updates, this residence offers comfort and convenience. Upon entry, you are greeted by a large living room and dining room combination, featuring a cozy fireplace, perfect for gatherings and relaxation. The updated kitchen is a culinary delight with ample cabinetry, sleek countertops, and a designated area for a dining table, ideal for enjoying meals with family and friends. The main level encompasses three generously sized bedrooms and a convenient full bathroom. There is an additional half bathroom off of the kitchen. Downstairs, the finished basement expands the living space, offering versatility with an additional bedroom and a full bathroom. Entertain effortlessly with a full bar adjacent to the second fireplace enhancing the basement's appeal for social gatherings. A dedicated laundry room provides practicality and ease. Outside, a beautiful patio invites you to unwind amidst the serene surroundings of the nearly full-acre wooded lot, offering ample space for outdoor activities and gardening enthusiasts. Located in a prime Palos Park neighborhood known for its tranquility and convenience, this home combines suburban comfort with modern amenities, making it an exceptional opportunity for discerning buyers seeking both style and functionality. Have peace of mind knowing that the roof is only a few months old and the furnace/AC are 7 years old. Don't miss your chance to own this charming brick ranch home in one of Palos Park's most sought-after locations. Schedule your showing today and envision the possibilities of calling this property "home."

Last Agent to Sell the Property

Lauren Roman

@properties Christie's International Real Estate License #475175811 Listed on: 06/20/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Mary Andersen

Coldwell Banker Realty License #475130228

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,942

Year Built

  • Built in 1950

Lot Details

  • 0.9 Acre Lot
  • Lot Dimensions are 115 x 355
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Asphalt Roof

Interior Spaces

  • 1,908 Sq Ft Home
  • 2 Fireplaces
  • L-Shaped Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Portable Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Patio

Schools

  • Palos East Elementary School
  • Palos South Middle School
  • Amos Alonzo Stagg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,942

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Portable Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, First Floor Bedroom
  • LivingArea: 1908
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Fireplace Location: Basement
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 550000
  • Lot Features: Wooded
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Palos East Elementary School
  • High School: Amos Alonzo Stagg High School
  • Middle/Junior School: Palos South Middle School
  • Middle/Junior School District: 118

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.9
  • Lot Dimensions: 115 X 355
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 8941.57
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Aug 13, 2024
Sold by
Granat Michael
Bought by
Santos Julio Juan and Santos Patricia
Seller's Agent
Lauren Roman
@properties Christie's International Real Estate
Buyer's Agent
Mary Andersen
Coldwell Banker Realty
List Price
$550,000
Sold Price
$550,000
Views
97
Current Estimated Value
$555,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,869
Avg. Annual Appreciation
1.81%
Original Mortgage
$495,000
Outstanding Balance
$490,395
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$70,443

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jun 6, 2016
Sold by
Christy Faith A
Bought by
Granat Michael
Seller's Agent
Reta Wegele
Coldwell Banker Residential
Buyer's Agent
Motasim Subzwari
American International Realty
List Price
$415,000
Sold Price
$380,000
Premium/Discount to List
-$35,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$304,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2002
Sold by
Christy Nicholas W and Christy Faith
Bought by
Faith A Christy Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.87%
Mortgage Type
Unknown
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
Santos Julio Juan $550,000 None Listed On Document
Granat Michael $380,000 Chicago Title Company
Faith A Christy Living Trust -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Julio Juan $495,000
Previous Owner Granat Michael $304,000
Previous Owner Christy Nicholas W $322,700
Previous Owner Christy Nicholas W $344,000
Previous Owner Christy Nicholas W $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $550,000 0.0% $288 / Sq Ft
06/20/2024 06/20/24 Price Changed $550,000 0.0% $288 / Sq Ft
06/14/2024 06/14/24 For Sale $550,000 +44.7% $288 / Sq Ft
06/08/2016 06/08/16 Sold $380,000 -5.0% $199 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
03/21/2016 03/21/16 Price Changed $399,900 -3.6% $210 / Sq Ft
03/09/2016 03/09/16 For Sale $415,000 0.0% $218 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $415,000 -- $218 / 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 $9,090 $43,000 $14,700 $28,300
2023 $8,942 $43,000 $14,700 $28,300
2022 $8,942 $33,130 $12,740 $20,390
2021 $8,316 $33,130 $12,740 $20,390
2020 $8,076 $33,130 $12,740 $20,390
2019 $8,175 $34,770 $11,760 $23,010
2018 $7,932 $34,770 $11,760 $23,010
2017 $9,809 $39,958 $11,760 $28,198
2016 $6,757 $27,850 $9,800 $18,050
2015 $6,648 $27,850 $9,800 $18,050
2014 $6,586 $27,850 $9,800 $18,050
2013 $6,883 $30,845 $9,800 $21,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12084045

Midwest Real Estate Data (MRED)

APN: 23-26-300-015-0000