NOT LISTED FOR SALE

965 Westmoreland Dr Vernon Hills, IL 60061

Estimated Value: $1,106,000 - $1,190,543

12 Beds
8 Baths
-- Sq Ft
44 Sq Ft Lot

Last Sold November 02, 2015

Last sale price $585,000

Est. 96% increase in value since last sale

Current estimated payment $8,090/month

18 Days on Market

About This Home

As of November 2015

FANTASTIC BUILDING IN ONE OF THE BEST CHICAGO SUBURBS, CLOSE TO HAWTHORNE MALL, METRA & EXPRESSWAY. THIS INCOME PRODUCING EIGHT UNITS (FOUR TWO BEDROOM AND FOUR ONE BEDROOM APTS) BUILDING IS LOCATED IN DISTRICT 125 ADLAI E. STEVENSON HIGH SCHOOL BLUE RIBBON SCHOOL RANKED #5 SCHOOL IN ILLINOIS AND TOP 200 IN THE U.S. LOW MAINTENANCE AND LOW TAXES, LAUNDRY INCOME. ON-SITE MANAGEMENT.

Last Agent to Sell the Property

Luigui Corral

RE/MAX American Dream License #471019538 Listed on: 09/10/2015

RE/MAX American Dream

Last Buyer's Agent

Winfield Cohen

Keller Williams Success Realty License #475124153

Keller Williams Success Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,881

Year Built

  • 1974

Lot Details

  • 44

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,881

Year Built

1974

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 45421
  • Outdoor Parking: 13-18 Spaces
  • Owners Assoc: Yes
  • Roof Coverings: Shingle Composition
  • Roof Structure: Mansard
  • Total Annual Exp: 49240
  • Total Annual Income: 90820
  • Total Monthly Income: 7585
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Window A C: 10
  • Number Of Stories: 2
  • Estimated Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1974

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Hydrants On Site
  • Heatventilation: Hot Water, Baseboard

Condo/Co-op/Association

  • Units in Building: 8
  • Assessment Includes: Heat, Water, Electric, Gas, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electrical Service: Circuit Breakers, 0-100 Amps

Lot Info

  • Lot Dimensions: 52.29 X 66.3
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks, Cable Ready
  • Parcel Identification Number: 15072000400000

Rental Info

  • Gross Rental Income: 88620
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2014
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 17359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2015
Closed on
Nov 2, 2015
Sold by
Nadda Ray and Nadda Samer
Bought by
F & M Holding Company Llc
Seller's Agent
Luigui Corral
RE/MAX American Dream
Buyer's Agent
Winfield Cohen
Keller Williams Success Realty
List Price
$649,000
Sold Price
$585,000
Premium/Discount to List
-$64,000
-9.86%
Current Estimated Value
$1,143,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,886
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
Oct 14, 2005
Sold by
The Northern Trust Co
Bought by
Nadda Samer and Nadda Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
5.89%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
F & M Holding Company Llc $585,000 Fidelity National Title
Nadda Samer $685,000 St
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nadda Samer $548,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2015 11/02/15 Sold $585,000 -9.9% --
09/28/2015 09/28/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $649,000 -- --
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 $24,881 $266,882 $57,991 $208,891
2023 $20,622 $251,823 $54,719 $197,104
2022 $20,622 $209,037 $45,422 $163,615
2021 $19,932 $206,783 $44,932 $161,851
2020 $19,497 $207,488 $45,085 $162,403
2019 $18,978 $206,723 $44,919 $161,804
2018 $17,760 $199,136 $43,270 $155,866
2017 $17,523 $194,488 $42,260 $152,228
2016 $16,922 $186,237 $40,467 $145,770
2015 $16,665 $174,167 $37,844 $136,323
2014 $17,059 $176,479 $38,346 $138,133
2012 $17,049 $176,833 $38,423 $138,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09035642

Midwest Real Estate Data (MRED)

APN: 15-07-200-040