NOT LISTED FOR SALE

1407 Lathrop Ave River Forest, IL 60305

Estimated Value: $928,000 - $1,142,000

4 Beds
3 Baths
3,109 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $905,000 $291 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,236/month

Highlights

  • Landscaped Professionally
  • Recreation Room
  • Mud Room
  • Willard Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Constitution Park

About This Home

As of November 2016

Welcome To This Handsomely Renovated, Well-Designed 4 BR/ 2.1 BA Brick Treasure! It Features Modern Comforts Including Generously-Sized Custom Chef's Kitchen With High-End Stainless Appliances, Granite Countertops, & Abundant Cabinetry. Bonus Butler's Pantry Is Ideal For Storage/Entertaining. The Home Features A Comfortable 1st Floor Family Room, 1st Floor Laundry & Finished Recreation Room. Floor Plan Has Great Circular Flow. Keep Coats & Shoes At Bay With The Well-Appointed Mud Room & Built-In "Cubbies". Newer Baths, Updated Infrastructure: Replacement Windows, Upgraded Copper Plumbing, Electric, Electric Gate & More. Loads of Storage Too. Side Drive with Rear Turnaround. 1 Block From Willard Elementary School, Near Schools, Parks, Restaurants, & Shopping. Will consider short-term lease until spring 2017. Home is also for sale.

Last Agent to Rent the Property

Sarah O'Shea Munoz

Berkshire Hathaway HomeServices Chicago License #475125503 Listed on: 06/25/2016

Berkshire Hathaway HomeServices Chicago

Last Renter's Agent

Tom French

Coldwell Banker Realty License #475143411

Coldwell Banker Realty

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $19,505

Year Built

  • 1951

Lot Details

  • Fenced Yard
  • Landscaped Professionally

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Side Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Mud Room
  • Entrance Foyer
  • Formal Dining Room
  • Recreation Room
  • Lower Floor Utility Room
  • Laundry on main level
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Other

Est. Annual Taxes

$19,505

Year Built

1951

Lot Details

0

Parking

2

Rental Info

  • Available: 08/01/2016
  • Fees Approvals: Credit Report
  • Lease Terms: Available for Sale
  • Monthly Lot Rental Included: Lawn Care
  • Security Deposit: 9000
  • Short Term Lease Ok: Yes

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Type Detached: 2 Stories
  • Age: 61-70 Years
  • Special Features: None
  • Year Built: 1951

Interior Features

  • Appliances: Oven/Range, Dishwasher, High End Refrigerator, Washer, Dryer
  • Fireplaces: 3
  • Interior Property Features: Hardwood Floors, 1st Floor Laundry
  • Number Of Rooms: 9
  • Equipment: Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning, Gas Logs
  • Fireplace Location: Family Room, Living Room, Basement
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 4
  • Master Bedroom Level: 2nd Level
  • Master Bedroom Size: 16X14
  • Master Bedroom Flooring: Hardwood
  • Master Bedroom Window Treatments: Blinds
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 12X12
  • Second Bedroom Flooring: Hardwood
  • Second Bedroom Window Treatments: Blinds
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 14X13
  • Third Bedroom Flooring: Hardwood
  • Third Bedroom Window Treatments: Blinds
  • Fourth Bedroom Level: 2nd Level
  • Fourth Bedroom Size: 14X12
  • Fourth Bedroom Flooring: Hardwood
  • Fourth Bedroom Window Treatments: Blinds
  • Bathroom Amenities: Double Sink
  • Living Room Level: Main Level
  • Living Room Size: 20X15
  • Living Room Flooring: Hardwood
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 15X13
  • Dining Room Flooring: Hardwood
  • Family Room Level: Main Level
  • Family Room Size: 22X15
  • Family Room Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Butler
  • Kitchen Level: Main Level
  • Kitchen Size: 28X11
  • Kitchen Flooring: Ceramic Tile
  • Kitchen Window Treatments: Curtains/Drapes
  • Laundry Level: Main Level
  • Laundry Size: 9X9
  • Laundry Flooring: Ceramic Tile
  • Additional Rooms: Foyer, Mud Room, Recreation Room, Utility Room-Lower Level, Walk In Closet
  • Additional Room 1 Name: Mud
  • Additional Room 1 Level: Main Level
  • Additional Room 1 Size: 7X6
  • Additional Room 1 Flooring: Ceramic Tile
  • Additional Room 2 Name: Recreation Rm
  • Additional Room 2 Level: Basement
  • Additional Room 2 Size: 27X14
  • Additional Room 2 Flooring: Carpet
  • Additional Room 3 Name: Utility Room-Lower Level
  • Additional Room 3 Level: Basement
  • Additional Room 3 Size: 14X12
  • Additional Room 4 Name: Walk in Closet
  • Additional Room 4 Level: 2nd Level
  • Additional Room 4 Size: 10X8
  • Additional Room 4 Flooring: Hardwood
  • Additional Room 5 Name: Foyer
  • Additional Room 5 Level: Main Level
  • Additional Room 5 Size: 14X6
  • Additional Room 5 Flooring: Hardwood

Exterior Features

  • Roof: Asphalt/Glass (Shingles)
  • Exterior Building Type: Brick
  • Exterior Property Features: Patio, Brick Paver Patio

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete, Side Drive

Utilities

  • Cooling: Central Air
  • Electricity: Circuit Breakers, 200+ Amp Service
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 60
  • Pets Allowed: Yes
  • Pet Information: Additional Pet Rent, Cats OK, Dogs OK, Pet Count Limitation

Schools

  • Elementary School: WILLARD ELEMENTARY SCHOOL
  • Middle School: ROOSEVELT SCHOOL
  • High School: OAK PARK & RIVER FOREST HIGH SCH
  • Junior High Dist: 90

Lot Info

  • Lot Dimensions: 50 X 188
  • Lot Description: Fenced Yard, Landscaped Professionally

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2017
Sold by
Brown Michael and Brown Stephanie
Bought by
Marquette Bank and Trust Number 30034
Current Estimated Value
$1,029,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2014
Closed on
Jun 20, 2014
Sold by
Chandra Rakesh and Chandra Karyn
Bought by
Brown Michael and Brown Stephanie
Seller's Agent
Andrew Gagliardo
Compass
Buyer's Agent
Sarah O'Shea Munoz
Berkshire Hathaway HomeServices Chicago
List Price
$899,000
Sold Price
$905,000
Premium/Discount to List
$6,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Original Mortgage
$814,500
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 30, 2007
Sold by
Meyer Timothy J and Meyer Mary B
Bought by
Chandra Rakesh and Chandra Karyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 2, 2006
Sold by
Meyer Timothy J and Meyer Mary B
Bought by
Meyer Timothy J and Meyer Mary B
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
Marquette Bank $795,000 Chicago Title
Brown Michael $905,000 Prairie Title
Chandra Rakesh $753,000 Prairie Title
Meyer Timothy J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bank Marquette $572,000
Closed Marquette Bank $574,300
Closed Marquette Bank $595,000
Previous Owner Brown Michael $814,500
Previous Owner Chandra Rakesh $417,000
Previous Owner Chandra Rakesh $590,000
Previous Owner Chandra Rakesh $664,000
Previous Owner Chandra Rakesh $779,000
Previous Owner Chandra Rakesh $182,777
Previous Owner Chandra Rakesh $50,000
Previous Owner Chandra Rakesh $602,400
Previous Owner Meyer Timothy $150,000
Previous Owner Meyer Timothy $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Rented $4,500 +16.9% --
09/26/2016 09/26/16 Price Changed $3,850 -14.4% $1 / Sq Ft
08/26/2016 08/26/16 For Rent $4,500 0.0% --
08/12/2016 08/12/16 Off Market $4,500 -- --
06/25/2016 06/25/16 For Rent $4,500 +7.1% --
11/10/2015 11/10/15 Rented $4,200 -6.7% --
11/05/2015 11/05/15 Under Contract -- -- --
10/16/2015 10/16/15 For Rent $4,500 0.0% --
06/20/2014 06/20/14 Sold $905,000 +0.7% $302 / Sq Ft
02/16/2014 02/16/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $899,000 -- $300 / 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 $19,505 $74,566 $12,769 $61,797
2023 $17,714 $77,266 $12,769 $64,497
2022 $17,714 $58,275 $11,094 $47,181
2021 $17,087 $58,274 $11,094 $47,180
2020 $16,765 $58,274 $11,094 $47,180
2019 $17,325 $59,239 $10,047 $49,192
2018 $17,409 $59,239 $10,047 $49,192
2017 $17,347 $59,239 $10,047 $49,192
2016 $18,010 $55,983 $8,373 $47,610
2015 $17,692 $55,983 $8,373 $47,610
2014 $15,462 $55,983 $8,373 $47,610
2013 $15,835 $58,750 $8,373 $50,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09268986

Midwest Real Estate Data (MRED)

APN: 15-01-206-011-0000