NOT LISTED FOR SALE

1507 Tower Rd Winnetka, IL 60093

Estimated Value: $1,241,000 - $1,430,249

4 Beds
3 Baths
3,901 Sq Ft
$333/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $893,000 $229 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,545/month

37 Days on Market

Highlights

  • Family Room with Fireplace
  • Formal Dining Room
  • Heated Garage
  • Hubbard Woods Elementary School Rated A
  • Attached Garage
  • 2-minute walk to Nick Corwin Park

About This Home

As of October 2021

Completely updated Georgian. Renovated for todays needs with no detail missed. Newer oversized windows, Open kitchen-family room concept with cozy breakfast nook. Inviting living room with giant bay windows & fireplace which leads to oversized formal dining room perfect for entertaining. Four seasons sunroom with heated floors offers a perfect view of the beautiful pergola, stone patio and fully fenced in landscaped backyard. French doors lead you to the private master retreat! Additional laundry room on the 2nd floor. Finished basement and finished third floor. Four levels of living at its best. Hurry before this home is gone!

Last Agent to Sell the Property

Jacqueline Dix

Compass License #475143803 Listed on: 07/15/2021

Compass

Last Buyer's Agent

Christopher Engelmann

Keller Williams ONEChicago License #475177445

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,938

Year Built | Renovated

  • 1948 | 2014

Lot Details

  • 7,405

Parking

  • Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,901 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Formal Dining Room
  • Finished Basement

Bedrooms and Bathrooms

  • Dual Sinks
  • Separate Shower

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,938

Year Built | Renovated

1948 | 2014

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 3 Stories
  • Property Sub Type: 3 Stories
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Flood Zone (Partial)
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • Architectural Style: Georgian
  • Directions: Between Vernon and Grove. Located on the north side of Tower Road.
  • Lot Size: 50X150
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1948
  • Year Renovated: 2014

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
  • Has Basement: Full, Walkout
  • Fireplace Features: Wood Burning, Gas Starter
  • Estimated Total Finished Sq Ft: 3901
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3901
  • Basement Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 3901
  • Upper Level Sq Ft: 1741
  • Attic: Finished,Full
  • Main Level Sq Ft: 1226
  • Lower Level Sq Ft: 934
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Heated Floors, Second Floor Laundry, Walk-In Closet(s), Some Carpeting, Drapes/Blinds
  • Dining Room Type: Breakfast Room, Bonus Room, Recreation Room

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Lot Features: Fenced Yard
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Driveway: Asphalt,Circular
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air
  • Electric: 200+ Amp Service
  • Laundry Features: Laundry Closet, Multiple Locations
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Hubbard Woods Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Junior High Dist: 203
  • Middle Or Junior School: The Skokie School

Lot Info

  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 16076.93
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Oct 15, 2021
Sold by
Douglass Jason T and Dimas Diana M
Bought by
Matthews Adam D and Matthews Karlyn S
Seller's Agent
Jacqueline Dix
Compass
Buyer's Agent
Christopher Engelmann
Keller Williams ONEChicago
List Price
$899,900
Sold Price
$893,000
Premium/Discount to List
-$6,900
-0.77%
Current Estimated Value
$1,298,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,312
Avg. Annual Appreciation
9.99%
Original Mortgage
$759,050
Outstanding Balance
$693,424
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$604,888

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jun 28, 2016
Sold by
Karavites Iphigeneia
Bought by
Douglass Jason T and Dimas Diana M
Seller's Agent
Alyson Tesar
@properties Christie's International Real Estate
Buyer's Agent
Jacqueline Dix
Compass
List Price
$875,000
Sold Price
$837,500
Premium/Discount to List
-$37,500
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$711,875
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2014
Sold by
Karavites Janet
Bought by
Karavites Iphigeneia and Iphigeneia Karavites Revocable Trust

Purchase Details

Listed on
Feb 19, 2013
Closed on
Mar 6, 2013
Sold by
Berkus Robert and Berkus Kelly
Bought by
Karavites Janet
Seller's Agent
Elise Rinaldi
@properties Christie's International Real Estate
Buyer's Agent
Iphigeneia Karavites
Iphigeneia Karavites
List Price
$675,000
Sold Price
$660,000
Premium/Discount to List
-$15,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$505,000
Interest Rate
3.01%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 10, 2011
Sold by
Evans Thomas D and Evans Maureen
Bought by
Berkus Robert and Berkus Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 1995
Sold by
Evans Thomas D and Evans Maureen
Bought by
Evans Thomas D and Evans Maureen
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
Matthews Adam D $893,000 Attorney
Douglass Jason T $837,500 Chicago Title
Karavites Iphigeneia -- None Available
Karavites Janet $660,000 None Available
Berkus Robert $575,000 Baird & Warner Title Service
Evans Thomas D -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthews Adam D $759,050
Previous Owner Douglass Jason T $711,875
Previous Owner Berkus Robert $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $893,000 -0.8% $229 / Sq Ft
08/22/2021 08/22/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $899,900 +7.5% $231 / Sq Ft
07/12/2016 07/12/16 Sold $837,500 -1.4% $269 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
04/27/2016 04/27/16 Price Changed $849,000 -3.0% $273 / Sq Ft
04/08/2016 04/08/16 For Sale $875,000 +32.6% $282 / Sq Ft
03/14/2013 03/14/13 Sold $660,000 -2.2% $247 / Sq Ft
02/22/2013 02/22/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $675,000 -- $252 / 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 $19,938 $86,000 $18,750 $67,250
2023 $18,770 $86,000 $18,750 $67,250
2022 $18,770 $86,000 $18,750 $67,250
2021 $16,415 $66,582 $13,500 $53,082
2020 $16,212 $66,582 $13,500 $53,082
2019 $16,077 $72,372 $13,500 $58,872
2018 $18,216 $79,382 $12,000 $67,382
2017 $18,453 $79,382 $12,000 $67,382
2016 $18,542 $83,750 $12,000 $71,750
2015 $17,395 $70,702 $9,937 $60,765
2014 $17,022 $70,702 $9,937 $60,765
2013 $15,632 $70,702 $9,937 $60,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11156941

Midwest Real Estate Data (MRED)

APN: 05-18-224-029-0000