NOT LISTED FOR SALE

1508 W Jefferson Ave Unit 1508JA Naperville, IL 60540

Will-O-Way Neighborhood

Estimated Value: $207,000 - $236,000

2 Beds
1.5 Baths
974 Sq Ft
$344/mo HOA Fee

Last Sold July 02, 2024

Last sale price $207,000 $213 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,781/month

42 Days on Market

Highlights

  • Lock-and-Leave Community
  • Main Floor Bedroom
  • Walk-In Closet
  • Elmwood Elementary School Rated A
  • Intercom
  • Patio

About This Home

As of July 2024

Did someone say LOCATION? Did someone say School District 203? Ranch style, 2-bedroom, 1 1/2-bath condo in the highly sought-after city of Naperville, IL. Amazing location; less than 2 miles from Downtown Naperville, the Fox Valley Shopping area, and only 10 minutes to I-88. Walking distance to supermarkets, beautiful parks, and multiple stores. Newer Roof, 2021 furnace, tons of closets, front and back entrance. Whether you're an investor looking to grow your rental portfolio, or a first-time homebuyer looking for an opportunity to live in the hottest City in Illinois, this is truly an affordable and fantastic opportunity entry point into the Naperville housing market. Don't miss out!

Last Agent to Sell the Property

Shirley Moriano

Redfin Corporation License #475188317 Listed on: 05/02/2024

Co-Listed By

Saul Ruiz

Redfin Corporation

Last Buyer's Agent

Shirley Moriano

Redfin Corporation License #475188317 Listed on: 05/02/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,482

Year Built

  • Built in 1986

Lot Details

  • 4.17

HOA Fees

  • $344 Monthly HOA Fees

Interior Spaces

  • 974 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room
  • Laminate Flooring
  • Intercom

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Laundry in Bathroom
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Visitor Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Patio

Schools

  • Elmwood Elementary School
  • Lincoln Junior High School
  • Naperville Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 18 Units
  • Manager Association, Phone Number (630) 620-1330
  • Property managed by ACM Community Management
  • Lock-and-Leave Community

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,482

Year Built

Built in 1986

Lot Details

0

HOA Fees

$344 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1986
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Walk-In Closet(s)
  • LivingArea: 974
  • Other Equipment: Intercom
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 974
  • Assessed Sq Ft: 944
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 974
  • Square Footage Comments: floor plan in photos
  • Total Sq Ft: 974
  • Main Level Sq Ft: 974
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 209000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Assigned, Visitor Parking
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, Fuses
  • Heating: Natural Gas
  • Laundry Features: In Unit, In Bathroom
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 344
  • Association Amenities: Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: ACM Community Management
  • Management Contact Name: Manager
  • Management Phone: 630-620-1330
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Elmwood Elementary School
  • High School: Naperville Central High School
  • Middle/Junior School: Lincoln Junior High School
  • Middle/Junior School District: 203

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2482
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jun 12, 2024
Sold by
Merck Jason A
Bought by
Rm Investment Holdings Llc
Seller's Agent
Shirley Moriano
Redfin Corporation
Buyer's Agent
Shirley Moriano
Redfin Corporation
List Price
$209,000
Sold Price
$207,000
Premium/Discount to List
-$2,000
-0.96%
Current Estimated Value
$218,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,594
Avg. Annual Appreciation
4.21%
Original Mortgage
$155,250
Outstanding Balance
$153,941
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$62,582

Purchase Details

Closed on
Oct 28, 2005
Sold by
Downers Grove National Bank
Bought by
Merck Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,200
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving
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
Rm Investment Holdings Llc $207,000 Ai Title
Merck Jason A $145,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rm Investment Holdings Llc $155,250
Previous Owner Merck Jason A $135,327
Previous Owner Merck Jason A $19,200
Previous Owner Merck Jason A $116,299
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $207,000 -1.0% $213 / Sq Ft
04/26/2024 04/26/24 For Sale $209,000 -- $215 / 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
2023 $2,745 $50,300 $15,770 $34,530
2022 $2,482 $44,420 $13,930 $30,490
2021 $2,384 $42,830 $13,430 $29,400
2020 $2,377 $42,830 $13,430 $29,400
2019 $2,277 $40,730 $12,770 $27,960
2018 $1,923 $35,380 $11,090 $24,290
2017 $1,735 $32,100 $10,060 $22,040
2016 $1,679 $30,800 $9,650 $21,150
2015 $1,663 $29,240 $9,160 $20,080
2014 $1,627 $28,040 $8,780 $19,260
2013 $1,618 $28,230 $8,840 $19,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12040294

Midwest Real Estate Data (MRED)

APN: 07-23-114-031