keepup
7033 Palma Ln
Score
72
Morton Grove, IL

7033 Palma Ln

800K
5 bd • 5 ba • 4,241 sf

Educational Use Only — NOT professional advice. See terms

AI Property Analysis

0:00
0:00 / 0:00

Property Overview

List Price
$800,000
+58%vs 60053
Price/Sq.Ft
$189
-25%vs 60053

Price Analysis

How the list price compares to AI estimate

6.7% above

List Price

$800,000

$725k
$750k
AI Estimated Range
$800,000
-20% Below+20% Above

AI estimates this property's value between $725,000 - $750,000 based on comparable sales and condition (Confidence: 75%). Educational analysis only, not a professional appraisal or valuation.

Market Data Points

3 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

Offer Analysis

AI-generated starting point for educational purposes

Data Coverage: High

AI Suggested Starting Point

$725,000

Targets the lower end of recent sale outcomes observed between $725,000 and $750,000.

How This Was Calculated

The offer reflects the property's as-is condition, high DOM, and necessary repairs. The seller's likely motivation due to the extended listing period supports this strategy.

AI-generated educational analysis. Not professional advice, an appraisal, or a recommended offer. Consult licensed agents and attorneys for negotiation strategies.

AI Analysis Score
72
78
Home Condition
75
Natural Light
79
Market Data
58
Location

*AI scoring for educational purposes only. Scores are subjective and not professional evaluations. Consult licensed professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Inconsistent Paint
Inconsistent Paint

Inconsistent Paint

The paint on the brick appears uneven and may require a fresh coat or touch-up to ensure a uniform appearance.

Minimal Landscaping
Minimal Landscaping

Minimal Landscaping

The landscaping is sparse and lacks visual appeal, which detracts from the overall curb appeal of the property.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$800,000
-30%List: $800,000+30%
20%
$160,000of $800,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $3,360/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$213,300
Closing Costs
+$53,300
Down Payment
$160,000
Buyer Agent Fee
$20,400
Loan Fees
$6,400
Title & Escrow
$4,800
Inspections
$900
Transfer Tax
$8,800
Prepaid Expenses
$12,000

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
133 days
vs 38 day average
This home has been listed for 133 days, while homes in this area typically sell in 38 days
Inventory Health
59
homes for sale
33 homes sold last month, indicating 1.8x more supply than demand
Price Dynamics
101.1%
of asking price
Homes typically sell for 1.1% above asking price

*Market analysis for educational purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$445,000
Current median price
+21.7%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests stability
Prices are up 1.6% over the last 3 months
3 Months
+1.6%
6 Months
+16.5%
1 Year
+21.7%

Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market decreasing 46.4% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$445,000
3 Months Ago
$324,500
+37.1%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$800,000
Price/sqft
$189
Layout
5 bd5 ba
Days on market
133 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,402,833

43.0%

Your price is 43.0% below average

Median Price

$1,445,000

44.6%

Based on 6 recent sales

Price per Sq.Ft

$343

45.0%

Your price is 45.0% below average $/sqft

Comparable Properties

124 Lincoln Street, Glenview, IL 60025
Price: $1,335,000
Sq.Ft: 4,300
Beds/Baths: 6/5
$/Sq.Ft:
$31064.6%
Sale Date: 7/7/2025
1545 Central Parkway, Glenview, IL 60025
Price: $1,707,000
Sq.Ft: 4,300
Beds/Baths: 5/5
$/Sq.Ft:
$397110.4%
Sale Date: 7/1/2025
319 Washington Street, Glenview, IL 60025
Price: $1,330,000
Sq.Ft: 4,366
Beds/Baths: 6/5
$/Sq.Ft:
$30561.5%
Sale Date: 6/5/2025
135 Lincoln Street, Glenview, IL 60025
Price: $1,450,000
Sq.Ft: 4,300
Beds/Baths: 5/5
$/Sq.Ft:
$33778.8%
Sale Date: 5/20/2025
304 Fernwood Lane, Glenview, IL 60025
Price: $1,445,000
Sq.Ft: 3,620
Beds/Baths: 5/5
$/Sq.Ft:
$399111.6%
Sale Date: 7/1/2025
42 Lincoln Street, Glenview, IL 60025
Price: $1,150,000
Sq.Ft: 3,732
Beds/Baths: 5/5
$/Sq.Ft:
$30863.4%
Sale Date: 6/19/2025

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 1 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Carefully observe the exterior brick for cracks, bulging, or missing mortar, paying close attention to areas around windows and doors.

Check the roof for missing, damaged, or curling shingles from the street view. Use binoculars if necessary.

Inspect the foundation for cracks, especially horizontal or stair-step cracks, which can indicate structural issues.

Educational Questions

Sample questions for educational purposes

Given the 'AS IS' condition and no interior inspection, what information can you provide regarding known issues with the roof, foundation, or major systems (HVAC, plumbing, electrical)?

Can you provide any information regarding the history of occupancy? How long has the property been occupied, and are there any known issues with the occupants that might delay or complicate the eviction process?

What is the status of property taxes? Are they current, and are there any outstanding liens or assessments against the property?

Are there any known village violations associated with the property, and if so, what is the nature of those violations?

What is the reason for the 'UNSAFE TO ENTER' designation? Is it related to the occupants, structural issues, or other hazards?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results