NOT LISTED FOR SALE

1509 Laverne Ave Park Ridge, IL 60068

Estimated Value: $667,000 - $738,000

4 Beds
3.5 Baths
2,494 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $610,000 $245 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,953/month

16 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Franklin Elementary School Rated A-
  • Recreation Room
  • Formal Dining Room

About This Home

As of October 2023

Great opportunity in Park Ridge to move into a sunny & spacious two story home on a sprawling 50x196 lot! After being lovingly maintained by the same owners for nearly 40 years, you can see how special this home is and make it your own today. Walk into a nice open living room and dining room with hardwood floors featuring walnut inlays, which then lead you into the kitchen. Kitchen was tastefully updated to feature an abundance of cabinetry, granite countertops and SS appliances and is laid out in a way that is great for cooking. Kitchen is open to an eating area and great family room, offering such a perfect layout for entertaining. Eating area features a wet bar w/ beverage fridge and custom cabinetry, along with sliding glass door overlooking the deck and yard! Main level also has a powder room. Second level has 4 large bedrooms inclusive of a primary suite spanning the entire width of the home allowing for a nice and quiet sitting area! All the windows and a skylight bring in great natural light in the primary bedroom and primary bath features dual sink vanity and linen closet. Hallway bathroom also has dual sink vanity and linen closet inside. Full finished basement w/ laundry, full bathroom, overhead sewers and lots of storage. Yard truly is a masterpiece offering a huge deck and greenspace! Dual zoned HVAC and 1 car attached garage. This home is regularly maintained and cared for, with many recently updated mechanical. Great location walking distance to everything downtown Park Ridge has to offer, the Metra, restaurants, grocery stores, parks, schools, and more!

Last Agent to Sell the Property

Jim Streff

Berkshire Hathaway HomeServices Chicago License #475132643 Listed on: 08/16/2023

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Michael Tye

Berkshire Hathaway HomeServices Chicago License #475181174

Last Buyer's Agent

Keith Endo

@properties Christie's International Real Estate License #475152150

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,888

Year Built

  • Built in 1962

Lot Details

  • 9,540 Sq Ft Lot
  • Lot Dimensions are 50x196

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,494 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Formal Dining Room
  • Recreation Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Shed

Schools

  • Franklin Elementary School
  • Emerson Middle School
  • Maine South High School

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,888

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Skylight(s), Bar-Wet, Hardwood Floors
  • LivingArea: 2494
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Eating Area, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Rec/Family Area
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • List Price: 649000
  • Lot Features: Sidewalks, Streetlights
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Franklin Elementary School
  • High School: Maine South High School
  • Middle/Junior School: Emerson Middle School
  • Middle/Junior School District: 64

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.219
  • Lot Dimensions: 50X196
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 12887.53
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Oct 20, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Anderson Benjamin S and Anderson Vanessa F
Seller's Agent
Jim Streff
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Keith Endo
@properties Christie's International Real Estate
List Price
$649,000
Sold Price
$610,000
Premium/Discount to List
-$39,000
-6.01%
Views
291
Current Estimated Value
$709,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,778
Avg. Annual Appreciation
7.19%
Original Mortgage
$488,000
Interest Rate
7.25%
Mortgage Type
New Conventional
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
Anderson Benjamin S $610,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andersen Benjamin S $487,000
Closed Anderson Benjamin S $488,000
Previous Owner Trust Number R 3213 $110,000
Previous Owner Chicago Title Land Trust Co $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $610,000 -6.0% $245 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $649,000 -- $260 / 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 $13,036 $54,000 $12,375 $41,625
2023 $11,495 $54,000 $12,375 $41,625
2022 $11,495 $54,000 $12,375 $41,625
2021 $12,888 $49,034 $8,091 $40,943
2020 $13,415 $49,034 $8,091 $40,943
2019 $14,549 $59,252 $8,091 $51,161
2018 $12,129 $45,821 $7,139 $38,682
2017 $12,095 $45,821 $7,139 $38,682
2016 $13,119 $50,312 $7,139 $43,173
2015 $10,968 $38,185 $6,187 $31,998
2014 $10,769 $38,185 $6,187 $31,998
2013 $10,804 $40,355 $6,187 $34,168
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11861266

Midwest Real Estate Data (MRED)

APN: 09-27-205-020-0000