NOT LISTED FOR SALE

1603 E Walnut Ave Des Plaines, IL 60016

Estimated Value: $706,000 - $764,621

3 Beds
3.5 Baths
3,919 Sq Ft
$189/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $690,000 $176 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,265/month

32 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Recreation Room
  • Central Elementary School Rated A
  • Wetlands Adjacent
  • Main Floor Bedroom

About This Home

As of April 2023

Finally, this is your chance to own THE exquisite modern luxury home of your dreams-without the wait! Move right in and enjoy this new custom built state of the art farmhouse situated near Central school, on a quiet tree lined corner lot in a vibrant neighborhood just a few blocks from downtown Des Plaines. When the doors swing open, you will feel like you've arrived on location for a modern architecture magazine photo shoot. This four bedroom three and a half bathroom home with a first floor luxury suite and lower level richly appointed guest suite quarters is designed front to back top to bottom to marry style and function with no expense spared build quality. Warm walnut floors, generous use of white quartz and custom gloss cabinetry, sleek stainless appliances, high end carefully selected plumbing and light fixtures, gorgeous tile selections, brushed nickel industrial style barn door shower enclosures, sound deadening highly efficient closed cell spray foam insulation, thick 5/8" drywall with many 2x6 constructed walls. Wall mounted fireplace, blue tooth flush ceiling mounted speakers, drive in attached two car garage with a cathedral ceiling and daylight style lighting, Each of the three levels has uniquely designed family room space making it perfect for finding your own special area to watch the game, read your book, enjoy a movie, catch up on your social media, handle work, play scrabble, or sip cocktails. Whatever it is you love to do, you will be doing it in style once you decide which living space you choose to settle yourself into. Outside you'll notice the neutral stone facade, maintenance free composite siding that looks like cedar but won't need maintenance, modern energy saving windows, and well planned landscaping complete the luxury tour.

Last Agent to Sell the Property

Paul Frischer

Berkshire Hathaway HomeServices Chicago License #475187797 Listed on: 03/15/2023

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Scott Petcov

Keller Williams ONEChicago License #475159502

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 2021

Lot Details

  • 7,501 Sq Ft Lot
  • Wetlands Adjacent
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Contemporary Architecture
  • Farmhouse Style Home
  • Asphalt Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,919 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Window Treatments
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Recreation Room
  • Loft
  • Workshop
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room with Study Area
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level
  • Sink Near Laundry
  • Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage
  • Basement Window Egress

Schools

  • Central Elementary School
  • Iroquois Community Middle School
  • Maine West High School

Utilities

  • Central Air
  • SEER Rated 14+ Air Conditioning Units
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,498

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary, Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2021
  • Age: 1-5 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
  • ResoPropertyType: Residential
  • AttributionContact: (847) 848-7771
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 1195
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Open Floorplan, Some Window Treatmnt, Granite Counters
  • LivingArea: 3919
  • Room Type: Office, Loft, Recreation Room, Workshop, Foyer, Mud Room, Utility Room-Lower Level, Storage, Walk In Closet
  • Estimated Total Finished Sq Ft: 3419
  • Basement Description: Finished,Egress Window,Rec/Family Area,Sleeping Area,Storage Space
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 2224
  • Basement Sq Ft: 1309
  • Total Sq Ft: 3919
  • Unfinished Basement Sq Ft: 114
  • Upper Level Sq Ft: 768
  • Main Level Sq Ft: 1456
  • Unfinished Lower Sq Ft: 386
  • ResoLivingAreaSource: Other

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 699000
  • Lot Features: Corner Lot, Wetlands adjacent
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 6
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Cooling: Central Air, High Efficiency (SEER 14+)
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Unit, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Central Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Iroquois Community School
  • Middle/Junior School District: 62

Lot Info

  • Lot Size Acres: 0.1722
  • Lot Dimensions: 7500
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1498.49
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Obrero Benz and Truong Annie
Bought by
Obrero Benz and Obrero Annie
Total Days on Market
32
Current Estimated Value
$741,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,800
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 27, 2023
Sold by
Olaguez Luis
Bought by
Obrero Benz and Truong Annie
Seller's Agent
Paul Frischer
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Scott Petcov
Keller Williams ONEChicago
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Views
188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$490,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2019
Closed on
Feb 6, 2020
Sold by
Jerzy Erdman
Bought by
Luis Olaguez
Seller's Agent
William Farrell
RE/MAX Suburban
Buyer's Agent
Imelda Gonzalez
U.S. America Realty Inc.
List Price
$150,000
Sold Price
$153,000
Premium/Discount to List
$3,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.81%
Original Mortgage
$249,799
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Erdman Jerzy

Purchase Details

Closed on
Apr 15, 2010
Sold by
Lopez Jose and Lopez Jose M
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jun 24, 2005
Sold by
Lopez Jose M
Bought by
Lopez Jose M and Lopez Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,000
Interest Rate
6.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 12, 2004
Sold by
Woss Christiana L
Bought by
Lopez Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,600
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2002
Sold by
Berkley Robert O
Bought by
Woss Christina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,400
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1996
Sold by
Suwinski Timothy W
Bought by
Berkley Robert O

Purchase Details

Closed on
Apr 21, 1995
Sold by
Wakefield Brian D and Skelley Rosemary
Bought by
Jmk Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
8.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 1994
Sold by
Wakefield Ellen R and Wakefield Brian D
Bought by
Wakefield Brian D and Skelly Rosemary
Source: Public Records

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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
Obrero Benz -- Ata National Title
Obrero Benz -- Ata National Title
Obrero Benz $690,000 Chicago Title
Luis Olaguez $153,000 Attorneys Ttl Guaranty Fund
Erdman Jerzy $100,000 Premier Title
Hsbc Bank Usa National Association -- Premier Title Company
Lopez Jose M -- Synergy Title Services Llc
Lopez Jose M $334,500 Ticor Title Insurance Compan
Woss Christina L $283,000 --
Berkley Robert O $45,000 --
Jmk Group Inc $101,000 --
Suwinski Timothy W $121,500 --
Wakefield Brian D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Obrero Benz $472,800
Previous Owner Obrero Benz $490,000
Previous Owner Luis Olaguez $249,799
Previous Owner Lopez Jose M $361,000
Previous Owner Lopez Jose M $267,600
Previous Owner Woss Christina L $226,400
Previous Owner Suwinski Timothy W $92,000
Closed Woss Christina L $56,600
Closed Lopez Jose M $66,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $690,000 -1.3% $176 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $699,000 +356.9% $178 / Sq Ft
03/12/2020 03/12/20 Sold $153,000 +2.0% $61 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $150,000 -- $60 / 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 $1,254 $62,500 $4,875 $57,625
2023 $1,254 $4,875 $4,875 --
2022 $1,254 $4,875 $4,875 $0
2021 $1,498 $4,875 $4,875 $0
2020 $7,295 $24,139 $4,875 $19,264
2019 $6,544 $27,747 $4,875 $22,872
2018 $6,781 $26,108 $4,312 $21,796
2017 $6,678 $26,108 $4,312 $21,796
2016 $6,561 $26,108 $4,312 $21,796
2015 $4,613 $17,881 $3,750 $14,131
2014 $4,532 $17,881 $3,750 $14,131
2013 $4,401 $17,881 $3,750 $14,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11738120

Midwest Real Estate Data (MRED)

APN: 09-21-102-001-0000