Seller's Agent in 2025
Asish Kurian
Coldwell Banker Realty
(224) 616-8328
1 in this area
17 Total Sales
16001 Oak Ave Oak Forest, IL 60452
Estimated Value: $235,000 - $243,803
3
Beds
1.5
Baths
1,004
Sq Ft
$237/Sq Ft
Est. Value
Highlights
- Corner Lot
- L-Shaped Dining Room
- Living Room
- Oak Forest High School Rated A-
- 2 Car Detached Garage
- Laundry Room
About This Home
As of February 2025Welcome to 16001 Oak Ave, Oak Forest, IL 60452! This charming 3 bed, 1.5 bath residence presents an incredible opportunity for both first-time homebuyers and savvy investors. With its comfortable layout, prime location, and over 500 sqft of additional living space in the basement, this property offers the perfect blend of affordability and potential. For Starter Families: Spacious Interior: This 3 bedroom, 1.5 bathroom home offers ample space for a growing family. [Insert square footage and any notable features like a fireplace.] Don't forget to mention the extra living space in the walkout basement, complete with a convenient half bath and laundry room! Family-Friendly Neighborhood: Quiet streets, close proximity to parks and schools, and a strong sense of community make this an ideal place to raise a family. Affordable Price: This home is priced competitively to allow for comfortable monthly payments, leaving room in your budget for the joys of family life. Convenient Location: Enjoy the convenience of walking to the Metra station for a stress-free commute to the city and easy access to nearby shopping centers for all your needs. For Investors: Instant Cash Flow: This property is move-in ready and can be rented immediately, generating a steady stream of passive income. The extra living space in the basement adds significant rental value! High Rental Demand: Oak Forest's desirable location and amenities, including the nearby Metra station and shopping centers, ensure strong demand for rental properties, minimizing vacancy periods. Excellent Appreciation Potential: The property's location and condition suggest strong potential for long-term value appreciation. Additional Features: Well-Maintained: Enjoy peace of mind knowing this home has been lovingly cared for. Features include a roof (2007), windows (7-8 years old), furnace and AC (3-4 years old), and a 2020 water heater. Everything is in working order! Don't miss out on this fantastic opportunity! Priced competitively, this one won't last! Schedule a showing today and see for yourself the potential that awaits at 16001 Oak Ave.
Last Agent to Sell the Property
Coldwell Banker Realty License #475206771 Listed on: 01/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,158
Year Built
- Built in 1969
Lot Details
- 6,970 Sq Ft Lot
- Corner Lot
- Zero Lot Line
Parking
- 2 Car Detached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Bi-Level Home
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,004 Sq Ft Home
- Family Room Downstairs
- Living Room
- L-Shaped Dining Room
- Finished Basement
- Finished Basement Bathroom
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
Schools
- Kimball Hill Elementary School
- Arbor Park Middle School
- Oak Forest High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2025
Closed on
Feb 24, 2025
Sold by
Varughese C John C and Varughese Chinnamma
Bought by
Braddock Letisha
Seller's Agent
Asish Kurian
Coldwell Banker Realty
Buyer's Agent
Tavo Rubalcava
eXp Realty
List Price
$224,000
Sold Price
$229,000
Premium/Discount to List
$5,000
2.23%
Views
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,201
Avg. Annual Appreciation
8.20%
Original Mortgage
$217,550
Outstanding Balance
$216,713
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$21,488
Purchase Details
Closed on
Jun 29, 1995
Sold by
Beiglari Atila
Bought by
Varughese C John and Varughese Chinnamma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
7.88%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Braddock Letisha | $229,000 | Citywide Title | |
| Varughese C John | $123,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Braddock Letisha | $217,550 | |
| Previous Owner | Varughese C John | $95,000 | |
| Previous Owner | Varughese C John | $98,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $229,000 | +2.2% | $228 / Sq Ft |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $224,000 | -- | $223 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,798 | $22,000 | $2,656 | $19,344 |
| 2023 | $3,031 | $22,000 | $2,656 | $19,344 |
| 2022 | $3,031 | $15,001 | $2,324 | $12,677 |
| 2021 | $2,878 | $15,000 | $2,324 | $12,676 |
| 2020 | $2,585 | $15,000 | $2,324 | $12,676 |
| 2019 | $2,927 | $16,436 | $2,158 | $14,278 |
| 2018 | $2,868 | $16,436 | $2,158 | $14,278 |
| 2017 | $2,805 | $16,436 | $2,158 | $14,278 |
| 2016 | $4,051 | $13,874 | $1,826 | $12,048 |
| 2015 | $6,116 | $13,874 | $1,826 | $12,048 |
| 2014 | $4,072 | $13,874 | $1,826 | $12,048 |
| 2013 | $5,383 | $16,684 | $1,826 | $14,858 |
Source: Public Records
Agents Affiliated with this Home
-
Asish Kurian
-
Tavo Rubalcava
Buyer's Agent in 2025
Tavo Rubalcava
eXp Realty
(708) 491-9431
4 in this area
163 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12267403
APN: 28-21-211-001-0000
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