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Property Q&A in Harwood Heights : Real Estate Advice

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Activity 7
Tue Jul 23, 2013
Jen asked:
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This question was asked from this property: http://www.trulia.com/rental/3121090408-Apartment-Harwood-Heights-IL-60706#photo-1
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Thu Sep 20, 2012
Al Forte asked:
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This question is about this property: http://www.trulia.com/property/3088255127-Apt-Condo-Twnhm-Harwood-Heights-IL-60706
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Sat Apr 7, 2012
almodovar.nancy asked:
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This question is about this property: http://www.trulia.com/rental/3007668306-7171-W-Gunnison-St-Harwood-Heights-IL-60706
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Fri Dec 30, 2011
Mamoonmohammad21 asked:
Optional details about your question

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This question is about this property: http://www.trulia.com/foreclosure/3071803672--N-Newcastle-Ave-Harwood-Heights-IL-60706
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Fri Aug 12, 2011
Mamoonmohammad21 asked:
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This question is about this property: http://www.trulia.com/property/3045173674-4370-N-Oak-Park-Ave-Harwood-Heights-IL-60706
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Tue Dec 21, 2010
Naiyoko Schaffer answered:
This property was a foreclosure and it sold for $461,900 on Nov 19, 2010.


Naiyoko Schaffer
Coldwell Banker Residential Brokerage
708-922-4130
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Thu Jan 28, 2010
Wayne Beals answered:
Hey Nancy,

This is a great question. I puled the property information up on Realty Trac, and the assessed valueation of the property, according to the cook county assessor is $36,878. This is in no way a reflection of the actual market value of the property, mearly the basis the county uses to determine the property tax amount. Why this number is being posted as the price is strange.

It is currently listed as an REO (Bank Owned Foreclosure) for $199,000. It appears it has been active for some time, and the reduction to $199,000 happened on 12/28/2009. As with all foreclosures, the highest and best offer will eventually get the property. This number will depend on when the bank needs to sell, and what the market will bear when they accept the contract. At $36,878.00, half of the city would be trying to buy it.

Best of Luck

Wayne Beals
Realtor
Keller Williams Chicago Consulting Group
312-77BEALS
312-772-3257
wbeals@kw.com
Wayne Beals
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