Seller's Agent in 2024
Melanie Giglio-Vakos
Compass
(312) 953-4998
1 in this area
620 Total Sales
8727 W Madison Dr Niles, IL 60714
Ransom Ridge NeighborhoodEstimated Value: $547,000 - $657,000
4
Beds
2.5
Baths
1,928
Sq Ft
$312/Sq Ft
Est. Value
Highlights
- Deck
- Recreation Room
- Lower Floor Utility Room
- Franklin Elementary School Rated A-
- Wood Flooring
- Breakfast Room
About This Home
As of November 2024Nestled in the sought-after Ransom Ridge area of Niles, this solid quad-level, split-level home features 4 spacious bedrooms (including a primary en-suite with walk-in closet) and 2.5 bathrooms. Step inside to discover a home bathed in natural light, with gleaming hardwood floors that flow seamlessly throughout the main & 2nd floors. The eat-in kitchen, complete with a charming custom corner banquette, provides the perfect setting for casual meals overlooking the colorful backyard garden, while the formal dining and living rooms offer ample space for entertaining guests. The family room provides a cozy & inviting atmosphere for relaxing evenings in front of the wood burning fireplace. The backyard garden oasis awaits your vision with further opportunities for making this house YOUR home and expanding your indoor-outdoor lifestyle. Enjoy the best of both worlds with all the benefits of lower Niles taxes, sought after Park District, and diverse shopping options, while taking advantage of the nearby top rated Park Ridge schools, park district, social scene & shopping/dining options. This home is ready and waiting for you to make it yours, and add your lasting memories to new chapters in its story. Being SOLD AS-IS. Rear deck AS-IS & needs replacement. PLEASE STAY OFF OF BACK DECK. Contact Michael for questions. A minimum of 24-hour notice for showings. SHOWINGS TO START @ 11/2 & 11/3 OPEN HOUSES 12-3PM. WALK-THRU VIEDO AVAILABLE UPON REQUEST.
Last Agent to Sell the Property
Compass License #475149215 Listed on: 10/31/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,683
Year Built
- Built in 1964 | Remodeled in 2014
Lot Details
- 6,447
Parking
- 2 Car Attached Garage
- Parking Included in Price
Home Design
- Asphalt Roof
Interior Spaces
- 1,928 Sq Ft Home
- 2-Story Property
- Family Room
- Combination Dining and Living Room
- Breakfast Room
- Recreation Room
- Lower Floor Utility Room
- Wood Flooring
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Double Oven
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Franklin Elementary School
- Emerson Middle School
- Maine South High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Additional Features
- Deck
- Lot Dimensions are 56 x 115
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 31, 2024
Closed on
Nov 18, 2024
Sold by
Otmar P Scheer Revocable Trust and Scheer Otmar P
Bought by
Savic Mladen and Savic Kristina
Seller's Agent
Melanie Giglio-Vakos
Compass
Buyer's Agent
Nushka Aglikin
Nushka Realty LLC
List Price
$549,000
Sold Price
$572,000
Premium/Discount to List
$23,000
4.19%
Views
27
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
$28,728
Avg. Annual Appreciation
3.75%
Original Mortgage
$326,500
Outstanding Balance
$322,445
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$278,283
Purchase Details
Closed on
Mar 4, 2020
Sold by
Scheer Otmar P and Otmar P Scheer Trust
Bought by
Scheer Otmar P and The Otmar P Scheer Revocable T
Purchase Details
Closed on
Apr 20, 2001
Sold by
Scheer Otmar P and Scheer Anna M
Bought by
Scheer Otmar P and Scheer Anna M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Savic Mladen | $572,000 | None Listed On Document | |
| Savic Mladen | $572,000 | None Listed On Document | |
| Scheer Otmar P | -- | None Available | |
| Scheer Otmar P | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Savic Mladen | $326,500 | |
| Closed | Savic Mladen | $326,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Sold | $572,000 | +4.2% | $297 / Sq Ft |
| 11/05/2024 11/05/24 | Pending | -- | -- | -- |
| 10/31/2024 10/31/24 | For Sale | $549,000 | -- | $285 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $10,683 | $53,000 | $9,984 | $43,016 |
| 2024 | $10,683 | $44,000 | $8,373 | $35,627 |
| 2023 | $9,943 | $44,000 | $8,373 | $35,627 |
| 2022 | $9,943 | $44,000 | $8,373 | $35,627 |
| 2021 | $11,791 | $44,260 | $5,957 | $38,303 |
| 2020 | $11,133 | $44,260 | $5,957 | $38,303 |
| 2019 | $11,028 | $49,178 | $5,957 | $43,221 |
| 2018 | $11,528 | $40,734 | $5,152 | $35,582 |
| 2017 | $11,408 | $40,734 | $5,152 | $35,582 |
| 2016 | $10,762 | $40,734 | $5,152 | $35,582 |
| 2015 | $10,209 | $34,970 | $4,508 | $30,462 |
| 2014 | $8,684 | $34,970 | $4,508 | $30,462 |
| 2013 | $8,418 | $34,970 | $4,508 | $30,462 |
Source: Public Records
Agents Affiliated with this Home
-
Melanie Giglio-Vakos
-
Mike Strumberger
Seller Co-Listing Agent in 2024
Mike Strumberger
Compass
(773) 977-8994
1 in this area
24 Total Sales
-
Nushka Aglikin
Buyer's Agent in 2024
Nushka Aglikin
Nushka Realty LLC
(773) 343-5109
1 in this area
54 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12189035
APN: 09-23-331-025-0000
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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