NOT LISTED FOR SALE

8740 S 50th Ave Oak Lawn, IL 60453

Estimated Value: $275,000 - $300,438

3 Beds
2 Baths
1,080 Sq Ft
$263/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $220,000 $204 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,913/month

28 Days on Market

Highlights

  • Second Kitchen
  • Ranch Style House
  • 2 Car Detached Garage
  • Hometown Elementary School Rated 9+
  • Stainless Steel Appliances
  • Living Room

About This Home

As of January 2023

Solid well-maintained brick ranch with tons of potential! Excellent opportunity for an owner-occupant or an investor looking to add value. This home features 3 bedrooms & 2 bathrooms, 1 dine-in kitchen with an additional kitchen in the huge basement (where the family made many memories). The basement also has a 2nd full bath, laundry room, and a 4x10 cedar closet. There's also storage space in the attic. The home is close to all accommodations including schools, parks, shops, restaurants and more! Sold "As Is".

Last Agent to Sell the Property

DeShaun Matthews

Infiniti Properties, Inc. License #475184192 Listed on: 10/18/2022

Infiniti Properties, Inc.

Last Buyer's Agent

Adam Stafiera

iDream Realty Inc License #475194623

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $952

Year Built

  • Built in 1955

Lot Details

  • 7,754 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,080 Sq Ft Home
  • Living Room
  • Laundry Room

Kitchen

  • Second Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Basement Storage

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 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

$952

Year Built

Built in 1955

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: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1080
  • Room Type: Kitchen
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished,Storage Space
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • List Price: 240000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 123

Lot Info

  • Lot Size Acres: 0.178
  • Lot Dimensions: 7753
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 951.98
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Dec 28, 2022
Sold by
Marquette Bank
Bought by
Gonzalez Edmundo
Seller's Agent
DeShaun Matthews
Infiniti Properties, Inc.
Buyer's Agent
Adam Stafiera
iDream Realty Inc
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Views
39
Current Estimated Value
$283,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,860
Avg. Annual Appreciation
9.45%
Original Mortgage
$220,000
Outstanding Balance
$213,183
Interest Rate
6%
Mortgage Type
VA
Estimated Equity
$65,561

Purchase Details

Closed on
Aug 10, 2022
Sold by
Addams-Hoffman Claire
Bought by
Addams-Hoffman Claire and Addams-Hoffman David Addams

Purchase Details

Closed on
Jan 20, 2009
Sold by
Hoffman Mildred
Bought by
Marquette Bank and Trust #18881
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
Gonzalez Edmundo $220,000 Old Republic Title
Addams-Hoffman Claire -- None Listed On Document
Marquette Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Edmundo $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $220,000 -8.3% $204 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $240,000 -- $222 / 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 $4,398 $23,000 $5,427 $17,573
2023 $4,398 $23,000 $5,427 $17,573
2022 $4,398 $17,769 $4,652 $13,117
2021 $1,043 $17,767 $4,651 $13,116
2020 $952 $17,767 $4,651 $13,116
2019 $1,051 $17,290 $4,264 $13,026
2018 $1,013 $17,290 $4,264 $13,026
2017 $997 $17,290 $4,264 $13,026
2016 $1,889 $14,753 $3,488 $11,265
2015 $1,962 $14,753 $3,488 $11,265
2014 $1,900 $14,753 $3,488 $11,265
2013 $1,747 $17,859 $3,488 $14,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11655433

Midwest Real Estate Data (MRED)

APN: 24-04-219-022-0000