NOT LISTED FOR SALE

8712 N Olcott Ave Niles, IL 60714

The Terrace Neighborhood

Estimated Value: $391,000 - $454,330

3 Beds
2 Baths
1,188 Sq Ft
$352/Sq Ft Est. Value

Sale Details

Date Sold: April 14, 2023

Last sale price $330,000 $278 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,852 / mo

6 Days on Market

Highlights

  • Property is near park
  • Vaulted Ceiling
  • Fenced Yard
  • Maine East High School Rated A
  • Wood Flooring
  • 1.5 Car Detached Garage

About This Home

As of April 2023

Calling 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

Rafay Qamar

Real Broker LLC License #475158420 Listed on: 03/01/2023

Real Broker LLC

Last Buyer's Agent

Harris Ali

Sky High Real Estate Inc. License #475126604

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 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,559

Year Built

Built in 1957

Lot Details

6,970 Sq Ft Lot

Parking

1

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: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors
  • LivingArea: 1188
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Driveway: Asphalt,Concrete
  • 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
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Melzer School
  • High School: Maine East High School
  • Middle/Junior School: Gemini Junior High School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 52X134
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 1558.57
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 23, 2023
Sold by
Bought by
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%
Views
238
Current Estimated Value
$417,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,833
Avg. Annual Appreciation
7.41%
Original Mortgage
$264,000
Outstanding Balance
$254,083
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$163,750

Purchase Details

Closed on
Jan 24, 2022
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$330,000 Chicago Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $264,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,699 $37,000 $9,058 $27,942
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

    1 in this area

    1,069 Total Sales

    Rafay Qamar
    Section Image
  • Harris Ali

    Buyer's Agent in 2023

    Harris Ali

    Sky High Real Estate Inc.

    (224) 305-8218

    1 in this area

    499 Total Sales

    Harris Ali
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11715207

Midwest Real Estate Data (MRED)

APN: 09-24-204-034-0000

Illinois Cook County Niles 60714 The Terrace

8712 N Olcott Ave, Niles, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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