8712 N Olcott Ave Niles, IL 60714
The Terrace NeighborhoodEstimated Value: $387,166 - $406,000
3
Beds
2
Baths
1,188
Sq Ft
$337/Sq Ft
Est. Value
Highlights
- Property is near a park
- Vaulted Ceiling
- Fenced Yard
- Maine East High School Rated A
- Wood Flooring
- 1.5 Car Detached Garage
About This Home
As of April 2023Calling both families and investors! Come and see this single-family home in a sought-after area of Niles, a block off of Dempster on a lovely tree-lined street. Featuring freshly painted 3 bedrooms, 1 full bath, kitchen, living room, and dining room on the main level, along with an attached 1.5 car garage with thorough access to the generous yard. Downstairs is a partially finished but fully functioning basement with side-by-side laundry, a living area, a workshop area, a full bath, and an office or 4th bedroom. Well maintained by one owner. Water heater new 2021. Furnace, AC, and oven were new in 2022. Plumbing new in 2022 and 2023 and the roof is set to be done in March 2023. Located in the desirable East Maine School District. Be ready to move in and enjoy or remodel and see the many opportunities that await you!
Last Agent to Sell the Property
Real Broker LLC License #475158420 Listed on: 03/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,559
Year Built
- Built in 1957
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 52x134
- Fenced Yard
- Paved or Partially Paved Lot
Parking
- 1.5 Car Detached Garage
- Garage Door Opener
- Parking Space is Owned
Home Design
- Asphalt Roof
Interior Spaces
- 1,188 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Family Room
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Partial Basement
- Sump Pump
- Finished Basement Bathroom
Location
- Property is near a park
Schools
- Melzer Elementary School
- Gemini Junior High School
- Maine East High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 100 Amp Service
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2023
Closed on
Mar 23, 2023
Sold by
Schusteff Jeanette K
Bought by
Abdulmujeeb Sufyan
Seller's Agent
Rafay Qamar
Real Broker LLC
Buyer's Agent
Harris Ali
Sky High Real Estate Inc.
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Total Days on Market
6
Views
238
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,792
Avg. Annual Appreciation
9.24%
Original Mortgage
$264,000
Outstanding Balance
$257,632
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$142,160
Purchase Details
Closed on
Jan 24, 2022
Sold by
Schusteff Jeanette K
Bought by
Schusteff Jeanette K and Coorsh Helene
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abdulmujeeb Sufyan | $330,000 | Chicago Title | |
| Abdulmujeeb Sufyan | $330,000 | Chicago Title | |
| Schusteff Jeanette K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abdulmujeeb Sufyan | $264,000 | |
| Closed | Abdulmujeeb Sufyan | $264,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2023 04/14/23 | Sold | $330,000 | +1.5% | $278 / Sq Ft |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- |
| 03/01/2023 03/01/23 | For Sale | $325,000 | -- | $274 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $6,699 | $32,000 | $7,665 | $24,335 |
| 2023 | $1,335 | $32,000 | $7,665 | $24,335 |
| 2022 | $1,335 | $32,000 | $7,665 | $24,335 |
| 2021 | $1,559 | $27,952 | $5,400 | $22,552 |
| 2020 | $1,373 | $27,952 | $5,400 | $22,552 |
| 2019 | $5,989 | $31,058 | $5,400 | $25,658 |
| 2018 | $5,906 | $28,355 | $4,703 | $23,652 |
| 2017 | $1,437 | $28,355 | $4,703 | $23,652 |
| 2016 | $1,944 | $28,355 | $4,703 | $23,652 |
| 2015 | $2,230 | $25,302 | $4,006 | $21,296 |
| 2014 | $2,106 | $25,302 | $4,006 | $21,296 |
| 2013 | $2,117 | $25,302 | $4,006 | $21,296 |
Source: Public Records
Agents Affiliated with this Home
-
Rafay Qamar
Seller's Agent in 2023
Rafay Qamar
Real Broker LLC
(773) 232-5871
2 in this area
1,061 Total Sales
-
Harris Ali
Buyer's Agent in 2023
Harris Ali
Sky High Real Estate Inc.
2 in this area
532 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11715207
APN: 09-24-204-034-0000
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