NOT LISTED FOR SALE

8854 N Grace Ave Unit 3NE Niles, IL 60714

Ballard Terrace Neighborhood

Estimated Value: $155,000 - $206,000

1 Bed
1 Bath
800 Sq Ft
$173/mo HOA Fee

Last Sold August 18, 2020

Last sale price $120,000 $150 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,244/month

75 Days on Market

Highlights

  • Balcony
  • Soaking Tub
  • Walk-In Closet
  • Maine East High School Rated A
  • Intercom
  • 4-minute walk to Ballard Park

About This Home

As of August 2020

This sunny and specious 3rd floor unit is located at the dead end street next to Gemini Middle School. It is one bedroom and one bath condo recently updated, with a lot of closets, free laundry and storage in 1st floor utility area. It comes with 2 exterior parkings. Very low assessment and property taxes make it very affordable. Located near Lutheran General Hospital, 10 minutes to O'hare International Airport, close to Kennedy Expressway, Home Depot, banks, stores and restaurants.

Last Agent to Sell the Property

Anna Kawa

arhome realty License #475168581 Listed on: 04/23/2020

arhome realty

Last Buyer's Agent

Iordan Nitchev

Home Realty Group, Inc License #475187561

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,755

Year Built

  • Built in 1975

Lot Details

  • 0.61

HOA Fees

  • $173 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 800 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Storage
  • Laminate Flooring
  • Intercom

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Soaking Tub

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Apollo Elementary School
  • Gemini Junior High School
  • Maine East High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units
  • Rich Ratay Association, Phone Number (773) 895-8252
  • Property managed by Rich Enterprises

Amenities

  • Common Area
  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,755

Year Built

Built in 1975

Lot Details

0

HOA Fees

$173 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Wood Laminate Floors, Storage, Walk-In Closet(s)
  • LivingArea: 800
  • Other Equipment: Intercom, Ceiling Fan(s)
  • Room Type: Walk In Closet
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Kitchen Flooring: Wood Laminate
  • Living Room Flooring: Wood Laminate
  • MRD_MBB: None
  • Master Bedroom Flooring: Wood Laminate
  • Master Bedroom Dimensions: 11X17
  • Living Room Windows: Blinds
  • Master Bedroom Windows: Blinds
  • Kitchen Windows: Blinds

Exterior Features

  • DirectionFaces: East
  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 125000
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 (Window/Wall Unit)
  • Electric: Circuit Breakers
  • Heating: Baseboard, Radiant
  • Laundry Features: Common Area
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 173
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Management Company: Rich Enterprises
  • Management Contact Name: Rich Ratay
  • Management Phone: 773-895-8252

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Apollo Elementary School
  • High School: Maine East High School
  • Middle/Junior School: Gemini Junior High School
  • Middle/Junior School District: 63

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: INTEGRAL
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Aug 6, 2020
Sold by
Pas Anna
Bought by
Denkov Todor V and Denkov Rumyana Dimitrova
Seller's Agent
Anna Kawa
arhome realty
Buyer's Agent
Iordan Nitchev
Home Realty Group, Inc
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%
Current Estimated Value
$174,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,316
Avg. Annual Appreciation
7.53%
Original Mortgage
$102,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2012
Sold by
Mchugh Mary C
Bought by
Pas Anna
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
Denkov Todor V $120,000 Saturn Title Llc
Pas Anna $43,000 Fnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Denkov Todor V $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2020 08/18/20 Sold $120,000 -4.0% $150 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
05/15/2020 05/15/20 Price Changed $125,000 +5.0% $156 / Sq Ft
05/10/2020 05/10/20 Price Changed $119,000 -7.8% $149 / Sq Ft
04/22/2020 04/22/20 For Sale $129,000 -- $161 / 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 $1,755 $12,781 $1,400 $11,381
2023 $3,093 $12,781 $1,400 $11,381
2022 $3,093 $12,781 $1,400 $11,381
2021 $2,614 $9,007 $1,200 $7,807
2020 $318 $9,007 $1,200 $7,807
2019 $0 $10,078 $1,200 $8,878
2018 $0 $9,536 $1,033 $8,503
2017 $175 $9,536 $1,033 $8,503
2016 $318 $9,536 $1,033 $8,503
2015 $1,574 $5,852 $866 $4,986
2014 $1,519 $5,852 $866 $4,986
2013 $1,491 $5,852 $866 $4,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10696143

Midwest Real Estate Data (MRED)

APN: 09-14-310-010-1016