NOT LISTED FOR SALE

1224 Gilbert Ave Downers Grove, IL 60515

Estimated Value: $684,000 - $1,002,000

3 Beds
2 Baths
2,200 Sq Ft
$360/Sq Ft Est. Value

Last Sold September 18, 2014

Last sale price $375,000 $170 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,069/month

172 Days on Market

Highlights

  • Wood Flooring
  • Loft
  • Sitting Room
  • Hillcrest Elementary School Rated A-
  • Home Office
  • Formal Dining Room

About This Home

As of September 2014

Walk to all that Downtown Downers Grove has to offer! Charming In-town Farmhouse, Front Porch w/swing, hardwood floors, sunroom, updated baths, spacious kitchen, formal dining room. Zoned heating + central air. Walk up attic offers 3rd floor space waiting to fill your needs! This beautiful extra wide + extra deep (98x271) WALK to TRAIN lot offers so many possibilities! Shown by appointment only.

Last Agent to Sell the Property

Pam Mitrius

Joe Pepitone Realtors Listed on: 03/06/2014

Joe Pepitone Realtors

Last Buyer's Agent

Pam Mitrius

Joe Pepitone Realtors Listed on: 03/06/2014

Joe Pepitone Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,771

Year Built

  • Built in 1888

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 98x271

Home Design

  • Frame Construction

Interior Spaces

  • 2,200 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Tandem Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Outdoor Features

  • Porch

Schools

  • Hillcrest Elementary School
  • Herrick Middle School
  • North High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,771

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Full Bath
  • LivingArea: 2200
  • Room Type: Bonus Room, Foyer, Loft, Office, Sitting Room, Storage, Tandem Room
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Attic: Full,Interior Stair

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 445000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Zoned
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: HILLCREST ELEMENTARY SCHOOL
  • High School: NORTH HIGH SCHOOL
  • Middle/Junior School: HERRICK MIDDLE SCHOOL
  • Middle/Junior School District: 58

Lot Info

  • Lot Size Acres: 0.6044
  • Lot Dimensions: 98X271
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7771
  • Tax Year: 2012
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2014
Closed on
Sep 17, 2014
Sold by
Adler Anthony and Adler Donna M
Bought by
Barbato James and Barbato Deborah Lynne
Seller's Agent
Pam Mitrius
Joe Pepitone Realtors
Buyer's Agent
Pam Mitrius
Joe Pepitone Realtors
List Price
$495,000
Sold Price
$375,000
Premium/Discount to List
-$120,000
-24.24%
Current Estimated Value
$792,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,262
Avg. Annual Appreciation
6.38%
Original Mortgage
$361,875
Interest Rate
4.25%
Mortgage Type
FHA
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
Barbato James $375,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barbato James $361,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2014 09/18/14 Sold $375,000 -15.7% $170 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
07/15/2014 07/15/14 Price Changed $445,000 -4.3% $202 / Sq Ft
06/09/2014 06/09/14 Price Changed $465,000 -6.1% $211 / Sq Ft
03/06/2014 03/06/14 For Sale $495,000 -- $225 / 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 $10,429 $190,158 $127,653 $62,505
2023 $9,916 $174,810 $117,350 $57,460
2022 $9,389 $165,530 $111,110 $54,420
2021 $8,789 $163,650 $109,850 $53,800
2020 $8,626 $160,400 $107,670 $52,730
2019 $8,353 $153,900 $103,310 $50,590
2018 $7,926 $144,670 $102,740 $41,930
2017 $7,674 $139,210 $98,860 $40,350
2016 $7,524 $132,860 $94,350 $38,510
2015 $7,443 $125,000 $88,770 $36,230
2014 $8,466 $137,340 $78,460 $58,880
2013 $8,294 $136,690 $78,090 $58,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08551573

Midwest Real Estate Data (MRED)

APN: 09-07-220-024