NOT LISTED FOR SALE

1032 Fair Oaks Ave Oak Park, IL 60302

Estimated Value: $978,000 - $1,106,000

4 Beds
4 Baths
4,713 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 29, 2022

Last sale price $870,000 $185 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,654/month

98 Days on Market

Highlights

  • Heated Floors
  • Cape Cod Architecture
  • Recreation Room
  • William Hatch Elementary School Rated A-
  • Dining Room with Fireplace
  • 5-minute walk to Taylor Park

About This Home

As of November 2022

WOW...Here is what you have been waiting for... Adorable property with an abundance of space with apx 4700 SF with many recent improvements. Newly refinished oak floors and freshly painted in soft neutral tones throughout. Upon entering the foyer you are greeted by a massive living room with oversized windows and a gas fireplace with a marble surround. The kitchen has beautiful custom cabinetry with all the extras, including rollouts, pullouts, a lazy Susan tower, and built-in pantry-style cabinets. There are two Thermador ovens, LG glass front refrigerator, warming drawer, Bosch dishwasher, wine cooler, cooktop, and Micro-hood. All this plus brand NEW quartz counters with overhang for seating and NEW Oak floors! This space now opens to the newly, redesigned family room making family gatherings seamless. The formal dining room has a double-sided fireplace and leads to a sunroom/den with Tigerwood floors. Through the double glass doors, you'll find a large deck overlooking the oversized and beautiful backyard with a custom privacy fence and patio area. There is a large bedroom on the first floor with a sizeable walk-in closet and a dramatic full bathroom, creating amazing guest space! The second level was added by the current owners and features three spacious bedrooms and a large office complete with built-in cherry wood office furniture - perfect for today's lifestyle of "work from home". You'll also find the primary bedroom with a walk-in closet with a New Luxe master bathroom complete with a soaking tub, Grohe walk-in shower with push button, smart controls & a double vanity with plenty of storage space. You'll find two more bedrooms and a full bathroom complete with dual vanities, mirrors, and lights. Each room is cheerful and decorated for kids but can be painted to suit teens as well. There's a separate heating system for this level. Fun Fact: (plans available at the property) The lower level consists of 1608 SF with 1172 finished space, giving you plenty of space to enjoy many gatherings & activities. You'll find a large rec room complete with a wet bar area that features a convection microwave, a full-size dishwasher, and space for a full-size refrigerator and wine cooler. (gas line available for future cook-top) Also complimented by beautiful quartz counters. There's a spacious home gym area and a full, updated bathroom complete with a steam component on this level. Both rooms are set up for surround sound and music. In addition, you'll find a large storage room, a utility room, and a laundry room. Mechanicals includes; Overhead sewer system, a newer 96% eff Combi boiler/water heater with three zones, and a separate 90% plus furnace. Updated in 2012 with intercom/audio- music thru-out, and so much more - 2 Car brick garage plus extra parking space. A detailed list of special features and upgrades is under additional information.

Last Agent to Sell the Property

Patricia McGowan

Baird & Warner License #475133179 Listed on: 06/23/2022

Baird & Warner

Last Buyer's Agent

Andrew Gagliardo

Compass License #471001960

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,577

Year Built

  • Built in 1950 | Remodeled in 2021

Lot Details

  • 7,850 Sq Ft Lot
  • Lot Dimensions are 50x157
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 4,713 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Dry Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Blinds
  • Family Room
  • Living Room with Fireplace
  • Sitting Room
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Bonus Room
  • Heated Sun or Florida Room
  • Lower Floor Utility Room
  • Storage Room

Kitchen

  • Built-In Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Steam Shower
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage

Home Security

  • Home Security System
  • Storm Screens
  • Storm Doors
  • Carbon Monoxide Detectors

Outdoor Features

  • Patio

Schools

  • William Hatch Elementary School
  • Gwendolyn Brooks Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Humidifier
  • Forced Air Zoned Heating and Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Individual Controls for Heating
  • 200+ Amp Service
  • Lake Michigan Water
  • Overhead Sewers

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,577

Year Built

Built in 1950 | Remodeled in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Cooktop, Built-In Oven, Range Hood, Other, Gas Cooktop, Electric Oven
  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Log
  • Fireplaces: 3
  • Interior Amenities: Bar-Dry, Hardwood Floors, Wood Laminate Floors, Heated Floors, First Floor Bedroom, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Drapes/Blinds, Separate Dining Room, Some Storm Doors
  • LivingArea: 4713
  • Other Equipment: Humidifier, Security System, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Office, Sitting Room, Bonus Room, Heated Sun Room, Utility Room-Lower Level, Walk In Closet, Recreation Room, Storage
  • Estimated Total Finished Sq Ft: 4277
  • Basement Description: Finished,Exterior Access,Rec/Family Area,Storage Space
  • Bathroom Amenities: Separate Shower,Steam Shower,Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 4277
  • Fireplace Location: Living Room,Other,Dining Room
  • Total Sq Ft: 4713
  • Upper Level Sq Ft: 1372
  • Main Level Sq Ft: 1733
  • Lower Level Sq Ft: 1172
  • Unfinished Lower Sq Ft: 436
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • List Price: 939900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm, Overhead Sewers
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Baseboard, Radiant, Sep Heating Systems - 2+, Indv Controls, Zoned
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: William Hatch Elementary School
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Gwendolyn Brooks Middle School
  • Middle/Junior School District: 97

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1802
  • Lot Dimensions: 50X157
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 20576.62
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Nov 21, 2022
Sold by
Floyd Phillip and Floyd Shaleyah
Bought by
Bacon And Siporin Family Revocable Trust
Seller's Agent
Patricia McGowan
Baird & Warner
Buyer's Agent
Andrew Gagliardo
Compass
List Price
$939,900
Sold Price
$870,000
Premium/Discount to List
-$69,900
-7.44%
Views
114
Current Estimated Value
$1,054,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,250
Avg. Annual Appreciation
7.23%
Original Mortgage
$700,001
Outstanding Balance
$668,384
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$385,866

Purchase Details

Closed on
Jun 17, 2004
Sold by
Floyd Phillip
Bought by
Floyd Phillip and Floyd Shaleyah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,400
Interest Rate
6.34%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 21, 1995
Sold by
Cosmopolitan Bank & Trust
Bought by
Floyd Phillip A and May Kristian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.52%
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
Bacon And Siporin Family Revocable Trust $870,000 Chicago Title
Floyd Phillip -- Lawyers Title
Floyd Phillip A $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bacon And Siporin Family Revocable Trust $700,001
Previous Owner Floyd Phillip Anthony $364,500
Previous Owner Floyd Phillip Anthony $210,000
Previous Owner Floyd Phillip $356,100
Previous Owner Floyd Phillip $375,000
Previous Owner Floyd Phillip $383,000
Previous Owner Floyd Phillip $345,185
Previous Owner Floyd Phillip A $367,400
Previous Owner Floyd Phillip $330,000
Previous Owner Floyd Phillip A $40,000
Previous Owner Floyd Phillip A $40,000
Previous Owner Floyd Phillip A $402,000
Previous Owner Floyd Phillip A $165,000
Previous Owner Floyd Phillip A $45,000
Previous Owner Floyd Phillip A $240,000
Previous Owner Floyd Phillip A $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2022 11/29/22 Sold $870,000 -7.4% $185 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $939,900 -- $199 / 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 $23,048 $74,015 $11,971 $62,044
2023 $21,523 $74,015 $11,971 $62,044
2022 $21,523 $59,470 $10,401 $49,069
2021 $21,007 $59,469 $10,401 $49,068
2020 $20,577 $59,469 $10,401 $49,068
2019 $21,064 $58,332 $9,420 $48,912
2018 $20,272 $58,332 $9,420 $48,912
2017 $19,849 $58,332 $9,420 $48,912
2016 $24,027 $62,195 $7,850 $54,345
2015 $21,483 $62,195 $7,850 $54,345
2014 $21,664 $67,216 $7,850 $59,366
2013 $17,710 $57,048 $7,850 $49,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11444370

Midwest Real Estate Data (MRED)

APN: 16-06-221-004-0000