NOT LISTED FOR SALE

8920 W 123rd St Palos Park, IL 60464

Estimated Value: $1,198,000 - $1,452,000

5 Beds
6 Baths
6,172 Sq Ft
$219/Sq Ft Est. Value

Last Sold August 10, 2016

Last sale price $750,000 $122 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $9,443/month

104 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Palos East Elementary School Rated A
  • Wood Flooring
  • Steam Shower

About This Home

As of August 2016

Gorgeous 5 Bed/5.5 bath home on over an acre of land! This home is enormous and sure to impress! Built in 2005 with impeccable finishes featuring: huge chef's kitchen with cherry cabinetry & granite countertops, big/open living space on the main floor with a separate living room, family room, and great room/sun room, 5 fireplaces!, master suite with 3 walk in closets & sitting room, luxurious spa-like master bath with separate steam shower, additional 3rd floor makes a great Rec room or very large 5th bedroom, 4 car garage, exterior lighting, sprinkler system, 4 separate HVAC units for zoned control, and a great yard with a built in fire pit! Basement is currently unfinished but has high ceilings and would add over 2000 more livable sq. ft. once finished! This is a great home in the best location of Palos Park!

Last Agent to Sell the Property

Brian Ruff

Coldwell Banker Real Estate Group License #475119859 Listed on: 04/15/2016

Coldwell Banker Real Estate Group

Last Buyer's Agent

Frank Rodriguez

Keller Williams ONEChicago License #475152145

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,949

Year Built

  • 2005

Lot Details

  • 1.09

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Stone Siding
  • Cedar

Interior Spaces

  • Vaulted Ceiling
  • Great Room
  • Breakfast Room
  • Home Office
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on upper level

Kitchen

  • Breakfast Bar
  • Walk-In Pantry

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub
  • Steam Shower
  • Separate Shower

Outdoor Features

  • Deck
  • Brick Porch or Patio
  • Fire Pit

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,949

Year Built

2005

Lot Details

0

Parking

4

Listing Details

  • Property Type: Detached Single
  • Age: 11-15 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 5
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 5.1
  • Type Detached: 3 Stories
  • Estimated Year Built: 2005
  • Tax Exemptions: Homeowner
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Hardwood Floors, 2nd Floor Laundry
  • Number Of Rooms: 12
  • Living Room: Dimensions: 28X19, On Level: Main Level
  • Equipment: Central Vacuum, Sump Pump, Sprinkler-Lawn
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Steam Shower
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 9X7, On Level: 2nd Level
  • Dining Room: Dimensions: 17X13, On Level: Main Level
  • Kitchen Type: Dimensions: 20X15, On Level: Main Level
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Breakfast Room, Great Room, Office
  • Master Bedroom: Dimensions: 30X17, On Level: 2nd Level
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 40X18, On Level: 3rd Level
  • Additional Room 2 Name: Breakfast Rm, Dimensions: 15X11, On Level: Main Level
  • Bedroom 2: Dimensions: 21X15, On Level: 2nd Level
  • Additional Room 3 Name: Office, Dimensions: 15X13, On Level: Main Level
  • Bedroom 3: Dimensions: 16X16, On Level: 2nd Level
  • Additional Room 4 Name: Great Rm, Dimensions: 24X18, On Level: Main Level
  • Bedroom 4: Dimensions: 16X15, On Level: 2nd Level
  • Dining Room Type: Separate
  • Family Room: Dimensions: 19X17, On Level: Main Level

Exterior Features

  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick, Cedar, Stone
  • Exterior Property Features: Deck, Brick Paver Patio, Fire Pit
  • Acreage: 1.09

Garage/Parking

  • Number of Cars: 4
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 4
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air, Zoned
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 230
  • Elementary School: PALOS EAST ELEMENTARY SCHOOL
  • Middle School: PALOS SOUTH MIDDLE SCHOOL
  • High School: AMOS ALONZO STAGG HIGH SCHOOL
  • Junior High Dist: 118

Lot Info

  • Lot Dimensions: 145 X 312
  • Parcel Identification Number: 23272060480000

Tax Info

  • Taxes: 23997.39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2017
Sold by
Marotta Vincent G and Marotta Kristie L
Bought by
Marotta Vincent G and Marotta Kristie L
Current Estimated Value
$1,351,531

Purchase Details

Listed on
Apr 15, 2016
Closed on
Aug 9, 2016
Sold by
Pb Sw Sfr Llc
Bought by
Marotta Vinvent G and Marotta Kristie L
Seller's Agent
Brian Ruff
Coldwell Banker Real Estate Group
Buyer's Agent
Frank Rodriguez
Keller Williams ONEChicago
List Price
$1,200,000
Sold Price
$750,000
Premium/Discount to List
-$450,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%

Purchase Details

Closed on
Nov 13, 2015
Sold by
Farano Cheryl A
Bought by
Pb Sw Sfr Llc

Purchase Details

Closed on
Nov 23, 2005
Sold by
Ameuro Development Corporation
Bought by
Farano Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 2005
Sold by
Family Bank & Trust Co
Bought by
Ameuro Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.75%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 15, 2003
Sold by
Chicago Title Land Trust Co
Bought by
Family Bank & Trust Co and Trust #8-736

Purchase Details

Closed on
Feb 14, 1997
Sold by
Lee Melvin R and Lee Kathleen A
Bought by
First National Bank Of Evergreen Park and Trust #11208

Purchase Details

Closed on
Feb 27, 1996
Sold by
Leboy Richard and Leboy Carol
Bought by
Lee Melvin R and Lee Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.06%

Purchase Details

Closed on
Feb 20, 1996
Sold by
Leboy Richard and Jones Patricia
Bought by
Leboy Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.06%
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
Marotta Vincent G -- Attorney
Marotta Vinvent G $750,000 Fidelity National Title
Pb Sw Sfr Llc -- Attorney
Farano Cheryl A -- Cti
Ameuro Development Inc $225,000 Cti
Family Bank & Trust Co $297,500 Multiple
First National Bank Of Evergreen Park $260,000 --
Lee Melvin R -- --
Leboy Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marotta Family Trust $500,000
Previous Owner Farano Cheryl A $500,000
Previous Owner Ameuro Development Inc $1,500,000
Previous Owner Ameuro Development Inc $600,000
Previous Owner Lee Melvin R $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2016 08/10/16 Sold $750,000 -37.5% $122 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $1,200,000 -- $194 / 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 $24,949 $104,954 $17,805 $87,149
2023 $24,141 $115,000 $17,805 $97,195
2022 $24,141 $83,632 $15,431 $68,201
2021 $22,410 $83,631 $15,431 $68,200
2020 $26,722 $102,456 $15,431 $87,025
2019 $24,812 $98,554 $14,244 $84,310
2018 $28,516 $116,088 $14,244 $101,844
2017 $30,017 $125,649 $14,244 $111,405
2016 $24,568 $94,685 $11,870 $82,815
2015 $24,262 $94,685 $11,870 $82,815
2014 $23,997 $94,685 $11,870 $82,815
2013 $18,434 $80,069 $11,870 $68,199
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09196057

Midwest Real Estate Data (MRED)

APN: 23-27-206-048-0000