$710,000
$39K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

8714 W 123rd St Palos Park, IL 60464

Estimated payment $4,899/month

Total Views 9,852
4 Beds
2.5 Baths
3,367 Sq Ft
$211 Price per Sq Ft

Highlights

  • Spa
  • Landscaped Professionally
  • Property is near a forest
  • Palos East Elementary School Rated A
  • Deck
  • Family Room with Fireplace

About This Home

Experience the perfect blend of privacy and space in scenic Palos Park. Nestled on 1.1 acres of land, this expansive 4-bedroom, 2.5-bath home offers unmatched indoor-outdoor living with a park-like backyard and over 4,000 square feet of finished living space. Kitchen and dining area seamlessly open to an extraordinary family room with vaulted ceilings and a full wall of windows. Step outside to enjoy a massive wraparound deck, perfect for summer gatherings. The oversized 3-car garage, long private driveway, and solar panel system add convenience and value. Don't miss out!

Listing Agent

Kirby Pearson

Pearson Realty Group License #471002409 Listed on: 07/23/2025

Pearson Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,391

Year Built

  • Built in 1983

Lot Details

  • 1.13 Acre Lot
  • Lot Dimensions are 150x360
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 3 Car Garage
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,367 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Recreation Room
  • Game Room
  • First Floor Utility Room
  • Laundry Room
  • Unfinished Attic
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Separate Shower

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Spa
  • Deck
  • Patio

Location

  • Property is near a forest

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
  • Well

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,391

Year Built

Built in 1983

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1983
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Humidifier
  • Basement: Finished, Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen, Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Cathedral Ceiling(s), Hot Tub
  • LivingArea: 3367
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Game Room, Office, Recreation Room, Utility Room-1st Floor
  • Window Features: Skylight(s)
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3367
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate,Combined w/ FamRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0
  • Attic: Unfinished
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Hot Tub
  • Foundation Details: Concrete Perimeter
  • List Price: 710000
  • Lot Features: Forest Preserve Adjacent, Landscaped, Wooded
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Asphalt, Circular Driveway, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 3

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • 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: 1.1309
  • Lot Dimensions: 150X360
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 13390.59
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $13,391 $54,231 $18,473 $35,758
2023 $12,166 $63,000 $18,473 $44,527
2022 $12,166 $43,846 $16,010 $27,836
2021 $11,306 $43,845 $16,010 $27,835
2020 $10,958 $43,845 $16,010 $27,835
2019 $13,715 $56,009 $14,778 $41,231
2018 $13,308 $56,009 $14,778 $41,231
2017 $12,921 $56,009 $14,778 $41,231
2016 $11,528 $45,754 $12,315 $33,439
2015 $11,367 $45,754 $12,315 $33,439
2014 $11,250 $45,754 $12,315 $33,439
2013 $10,542 $45,843 $12,315 $33,528
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2025 08/31/25 Price Changed $710,000 -2.1% $211 / Sq Ft
08/22/2025 08/22/25 Price Changed $725,000 -3.2% $215 / Sq Ft
07/23/2025 07/23/25 For Sale $749,000 -- $222 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Deed -- First American Title
Deed -- None Available
Warranty Deed $500,000 Fidelity National Title
Deed $350,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 Commercial
Previous Owner $400,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $202,500 Unknown
Previous Owner $240,000 No Value Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12413518

Midwest Real Estate Data (MRED)

APN: 23-26-106-013-0000