NOT LISTED FOR SALE

20050 Western Ave Olympia Fields, IL 60461

Estimated Value: $1,005,000 - $1,399,000

4 Beds
7 Baths
8,025 Sq Ft
$155/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $1,050,000 $131 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,129/month

243 Days on Market

Highlights

  • Additional Residence on Property
  • Heated Floors
  • Landscaped Professionally
  • Gated Community
  • 3.97 Acre Lot
  • Property is adjacent to nature preserve

About This Home

As of August 2021

Spectacular, award winning, custom built Prairie style home, set in a private forest of majestic Oak trees. Stately, dual iron gate entry to full paver split circular drive, dramatic porte cochere entrance to the exquisite 8,000+ sq. ft. home, ideal for entertaining. Intricate architectural detailing, hand crafted millwork, opulent soaring ceilings, as well as responsible, sustainable materials and fully ADA compliant design throughout. Walls of windows w/serene views and tons of natural light. No expense was spared ensuring the lightest carbon footprint or most impressive attention to aesthetics and design. Chef's kitchen w/large island, state of the art appliances by Wolf, Subzero, Miele, custom recycled Alder millwork and luxe finishes. Fabulous two story great room, custom bar and both formal and casual dining areas. Screened porch w/fireplace and woodburning pizza oven. Huge lower level with wine cellar. First floor master suite. 2,200 sq ft guest house. Virtual tours available upon request.

Last Agent to Sell the Property

Katherine Rubis

Berkshire Hathaway HomeServices Chicago License #475164387 Listed on: 10/29/2020

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Kelly Watson

Berkshire Hathaway HomeServices Chicago License #475170897

Last Buyer's Agent

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,332

Year Built

  • Built in 2009

Lot Details

  • 3.97 Acre Lot
  • Lot Dimensions are 662 x 264
  • Property is adjacent to nature preserve
  • Fenced Yard
  • Landscaped Professionally
  • Sprinkler System
  • Wooded Lot

Parking

  • 4.5 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Prairie Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,025 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Sided Fireplace
  • Fireplace With Gas Starter
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Loft
  • Bonus Room
  • Game Room
  • Screened Porch

Kitchen

  • Range
  • Microwave
  • High End Refrigerator
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • Dual Sinks
  • Soaking Tub
  • Shower Body Spray
  • Separate Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Fireplace in Basement
  • Finished Basement Bathroom

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors

Accessible Home Design

  • Grab Bar In Bathroom
  • Halls are 36 inches wide or more
  • Low Closet Rods
  • Wheelchair Access
  • Accessibility Features
  • Modifications for wheelchair accessibility
  • Receding Pocket Doors
  • Doors are 32 inches wide or more
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Screened Patio
  • Shed

Schools

  • Rich Central Campus High School

Utilities

  • Central Air
  • Humidifier
  • Two Heating Systems
  • Geothermal Heating and Cooling
  • Radiant Heating System
  • 400 Amp
  • Power Generator
  • Lake Michigan Water
  • Well
  • Cable TV Available

Additional Features

  • Air Exchanger
  • Additional Residence on Property

Community Details

  • Gated Community

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,332

Year Built

Built in 2009

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2009
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Accessibility Features: Door Width 32 Inches or More, Hall Width 36 Inches or More, Pocket Door(s), Entry Slope less than 1 foot, Bath Grab Bars, Low Closet Rods, Main Level Entry, Wheelchair Accessible, Wheelchair Modifications
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7
  • Total Bedrooms: 4
  • Fireplace Features: Double Sided, Gas Starter
  • Fireplaces: 4
  • Interior Amenities: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, Heated Floors, 1st Floor Bedroom, In-Law Arrangement
  • LivingArea: 8025
  • Other Equipment: Humidifier, TV-Cable, Security System, CO Detectors, Ceiling Fan(s), Sump Pump, Sprinkler-Lawn, Air Exchanger, Backup Sump Pump;, Generator
  • Room Type: Great Room, Bonus Room, Game Room, Pantry, Screened Porch, Mud Room, Recreation Room, Loft, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room,Basement
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Screened Patio, Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 1500000
  • Lot Features: Fenced Yard, Nature Preserve Adjacent, Landscaped, Wooded
  • OtherStructures: Second Residence, Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Other

Garage/Parking

  • Garage Spaces: 4.5
  • Number of Cars: 4.5
  • Driveway: Brick,Circular
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 400 Amp Service or Greater
  • Heating: Radiant, 2+ Sep Heating Systems, Other
  • Water Source: Lake Michigan, Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Gated
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Rich Central Campus High School
  • Middle/Junior School District: 161

Green Features

  • GreenEnergyEfficient: Geothermal Heating/Cooling System

Lot Info

  • Lot Size Acres: 3.9677
  • Lot Dimensions: 662 X 264
  • Lot Size: 3.0-3.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 57331.85
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Aug 16, 2021
Sold by
Elvery Glenna F and Elvery Dudley J
Bought by
Canales Daniel O
Seller's Agent
Katherine Rubis
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Edward Bluemel
Atlas Asset Management Realty LLC
Sold Price
$1,050,000
Current Estimated Value
$1,241,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,215
Avg. Annual Appreciation
2.21%
Original Mortgage
$840,000
Outstanding Balance
$767,779
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$374,449
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
Canales Daniel O $1,050,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canales Daniel O $333,000
Open Canales Daniel O $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $1,050,000 -30.0% $131 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/25/2021 06/25/21 For Sale -- -- --
06/16/2021 06/16/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $1,500,000 -11.8% $187 / Sq Ft
11/19/2020 11/19/20 Price Changed $1,700,000 -14.5% $212 / Sq Ft
10/29/2020 10/29/20 For Sale $1,988,000 -- $248 / 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 $38,322 $110,000 $17,283 $92,717
2023 $57,343 $110,000 $17,283 $92,717
2022 $57,343 $127,443 $86,416 $41,027
2021 $66,246 $149,137 $86,415 $62,722
2020 $61,308 $149,137 $86,415 $62,722
2019 $57,332 $137,133 $82,094 $55,039
2018 $55,999 $137,133 $82,094 $55,039
2017 $54,671 $137,133 $82,094 $55,039
2016 $58,292 $142,728 $64,811 $77,917
2015 $58,182 $142,728 $64,811 $77,917
2014 $56,750 $142,728 $64,811 $77,917
2013 $61,967 $169,926 $64,811 $105,115
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10920313

Midwest Real Estate Data (MRED)

APN: 31-13-203-007-0000