NOT LISTED FOR SALE

8914 W 123rd St Palos Park, IL 60464

Estimated Value: $517,000 - $595,848

4 Beds
4 Baths
2,675 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $417,000 $156 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,731/month

17 Days on Market

Highlights

  • In Ground Pool
  • Second Garage
  • Fireplace in Kitchen
  • Palos East Elementary School Rated A
  • Mature Trees
  • Property is near a park

About This Home

As of January 2023

This 4 bedroom, 4 bath quad split-level property has a mid-century "vibe" and is the perfect neighborhood choice for the outdoorsperson or nature enthusiast with its old growth and wildlife. Now is time for the next owner to write their home's story. It is situated on a gorgeous appx 1.09-acre wooded lot, located in the "Palos Proper" area and a stone's throw from the bike trails, park, walking paths, historical society, library, Metra and Village Green Recreation center. Huge footprint boasts a sizeable living room with gas fireplace, L-shaped dining room, nice size bedrooms with statement ceilings, replacement thermo-pane windows, eat-in kitchen with breakfast bar and sunroom with fireplace showing off expansive views of the backyard featuring an in-ground kidney shaped pool. Not to be outdone by the lower-level family room with a wood-burning fireplace, dry bar and rare walk-out basement to outside patio. The unfinished sub-basement has a bonus second set up stairs that lead to the attached garage and has a nice footprint with additional square footage not added in count. There is so much to offer in this unassuming property with potential galore. This could be a $575k property waiting for your modernization and enhancements!

Last Agent to Sell the Property

Denise Amraen

Berkshire Hathaway HomeServices Chicago License #475131052 Listed on: 12/20/2022

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Dumitru Cobza

American Real Estate Services License #475202636

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,160

Year Built

  • Built in 1959

Lot Details

  • 1.09 Acre Lot
  • Lot Dimensions are 182x298
  • Property has an invisible fence for dogs
  • Mature Trees
  • Wooded Lot

Parking

  • 4 Car Garage
  • Second Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Split Level with Sub
  • Quad-Level Property
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,675 Sq Ft Home
  • Built-In Features
  • Dry Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Heatilator
  • Gas Log Fireplace
  • Replacement Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Sun or Florida Room
  • Unfinished Attic

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Fireplace in Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Bathroom on Main Level
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Chute

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Outdoor Features

  • In Ground Pool
  • Patio

Location

  • Property is near a park

Schools

  • Palos East Elementary 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

Community Details

Overview

  • Quad Level

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,160

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level w/ Sub
  • Ownership: Fee Simple
  • ArchitecturalStyle: Quad Level
  • New Construction: No
  • Property Sub-Type: Split Level w/ Sub
  • Year Built: 1959
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: Full, Walkout
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Log, Heatilator
  • Fireplaces: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Dry, Hardwood Floors, Wood Laminate Floors, First Floor Full Bath, Built-in Features, Replacement Windows
  • LivingArea: 2675
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Sun Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room,Kitchen
  • Total Sq Ft: 0
  • Attic: Unfinished
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, In Ground Pool
  • Foundation Details: Concrete Perimeter
  • List Price: 449000
  • Lot Features: Wooded, Mature Trees, Fence-Invisible Pet
  • OtherStructures: Second Garage
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Driveway: Asphalt,Side Drive
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s)
  • 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 District: 118

Lot Info

  • Lot Size Acres: 1.09
  • Lot Dimensions: 182X298
  • Rural (Y/N): Y
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9159.61
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2024
Sold by
Popov Alexandru
Bought by
Alexandru Popov Revocable Living Trust and Perla V Urias Revocable Living Trust
Current Estimated Value
$555,212

Purchase Details

Listed on
Dec 20, 2022
Closed on
Jan 31, 2023
Sold by
Nolan James E
Bought by
Popov Alexandru
Seller's Agent
Denise Amraen
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Dumitru Cobza
American Real Estate Services
List Price
$449,000
Sold Price
$417,000
Premium/Discount to List
-$32,000
-7.13%
Views
233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%
Original Mortgage
$312,750
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 1998
Sold by
Mcghee Dwana F and Mcghee Doc
Bought by
Nolan James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.09%

Purchase Details

Closed on
Nov 18, 1996
Sold by
Mcghee James F and Mcghee Dwana F
Bought by
Mcghee James F and James F Mcghee Living Trust
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
Alexandru Popov Revocable Living Trust -- None Listed On Document
Popov Alexandru $417,000 None Listed On Document
Nolan James E $305,000 Intercounty Title
Mcghee James F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Popov Alexandru $312,750
Previous Owner Nolan James E $120,000
Previous Owner Nolan James E $115,000
Previous Owner Nolan James E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $417,000 -7.1% $156 / Sq Ft
01/07/2023 01/07/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $449,000 -- $168 / 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 $9,422 $41,700 $17,805 $23,895
2023 $9,851 $41,700 $17,805 $23,895
2022 $9,851 $36,152 $15,431 $20,721
2021 $9,160 $36,152 $15,431 $20,721
2020 $8,889 $36,152 $15,431 $20,721
2019 $10,190 $42,496 $14,244 $28,252
2018 $9,888 $42,496 $14,244 $28,252
2017 $9,604 $42,496 $14,244 $28,252
2016 $8,834 $35,644 $11,870 $23,774
2015 $8,702 $35,644 $11,870 $23,774
2014 $8,617 $35,644 $11,870 $23,774
2013 $8,751 $38,501 $11,870 $26,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11690060

Midwest Real Estate Data (MRED)

APN: 23-27-206-049-0000