Seller's Agent in 2025
Dave Faxel
NextHome Select Realty
(312) 502-0993
3 in this area
154 Total Sales
20408 S Grand Prairie Ln Frankfort, IL 60423
Frankfort Square Neighborhood
4
Beds
2.5
Baths
2,123
Sq Ft
1991
Built
Highlights
- Landscaped Professionally
- Whirlpool Bathtub
- Stainless Steel Appliances
- Indian Trail Elementary School Rated A-
- Formal Dining Room
- Living Room
About This Home
As of September 2025Welcome to your dream home on Grand Prairie Lane in beautiful Frankfort! This spacious 3-bedroom, 2.5-bath oversized 3-step ranch is the perfect mix of comfort and convenience-ideal for families looking for room to grow. You'll love the prime location and all the modern updates throughout. Step inside to a bright, welcoming space, thanks to brand new windows that let in tons of natural light. The remodeled primary bath offers your own private getaway, and the kitchen features newer appliances-ready for your favorite meals and memories. Need extra space? The finished basement has it all, including a bonus room that can be your 4th bedroom, a home office, or a fun entertainment area. Outside, enjoy a fully fenced-in yard, perfect for kids and pets to run around safely. Other perks include parking for two cars in the oversized garage, well-maintained living areas, and that hard-to-find balance of style and function. This home has everything you need and more-don't miss your chance to live in one of Frankfort's most sought-after communities! Lincoln Way Schools, close to everything, and easy access to Metra and the interstate.
Last Agent to Sell the Property
NextHome Select Realty License #471019671 Listed on: 07/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,087
Year Built
- Built in 1991
Lot Details
- Lot Dimensions are 95x144
- Fenced
- Landscaped Professionally
Parking
- 2.5 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Step Ranch
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,123 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Window Screens
- Family Room
- Living Room
- Formal Dining Room
- Carbon Monoxide Detectors
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 200+ Amp Service
- Water Softener is Owned
Community Details
- Farmbrook Terrace Subdivision
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 11, 2019
Sold by
Munso Kevin M and Gingers Megan L
Bought by
Munson Kevin M and Munson Megan L
Purchase Details
Listed on
Feb 12, 2018
Closed on
Apr 26, 2018
Sold by
Signed Robert R and Rehder Tina L
Bought by
Munson Kevin M and Gingras Megan L
Seller's Agent
James Murphy
Murphy Real Estate Group
Buyer's Agent
Gregory Wallace
The Wallace Real Estate Group, INC.
List Price
$312,000
Sold Price
$305,000
Premium/Discount to List
-$7,000
-2.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%
Purchase Details
Closed on
Nov 20, 1998
Sold by
Gnatek David M and Gnatek Evelynne M
Bought by
Rehder Robert R and Rehder Tina L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Interest Rate
6.59%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $305,000 | Alliance Title Corp | |
| Warranty Deed | $208,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $292,900 | New Conventional | |
| Previous Owner | $98,000 | Credit Line Revolving | |
| Previous Owner | $36,000 | Credit Line Revolving | |
| Previous Owner | $229,000 | Unknown | |
| Previous Owner | $225,000 | Unknown | |
| Previous Owner | $18,000 | Unknown | |
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $187,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Sold | $440,000 | -2.2% | $207 / Sq Ft |
| 08/07/2025 08/07/25 | Pending | -- | -- | -- |
| 07/24/2025 07/24/25 | For Sale | $449,900 | +47.5% | $212 / Sq Ft |
| 04/26/2018 04/26/18 | Sold | $305,000 | -2.2% | $144 / Sq Ft |
| 02/28/2018 02/28/18 | Pending | -- | -- | -- |
| 02/12/2018 02/12/18 | For Sale | $312,000 | -- | $147 / 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 | $10,088 | $127,600 | $24,637 | $102,963 |
| 2023 | $10,088 | $113,959 | $22,003 | $91,956 |
| 2022 | $8,929 | $103,797 | $20,041 | $83,756 |
| 2021 | $8,369 | $97,106 | $18,749 | $78,357 |
| 2020 | $8,240 | $94,370 | $18,221 | $76,149 |
| 2019 | $7,964 | $91,844 | $17,733 | $74,111 |
| 2018 | $7,671 | $89,203 | $17,223 | $71,980 |
| 2017 | $7,509 | $87,121 | $16,821 | $70,300 |
| 2016 | $7,275 | $84,134 | $16,244 | $67,890 |
| 2015 | $7,012 | $81,171 | $15,672 | $65,499 |
| 2014 | $7,012 | $80,607 | $15,563 | $65,044 |
| 2013 | $7,012 | $81,652 | $15,765 | $65,887 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Faxel
-
Timothy Burnette
Buyer's Agent in 2025
Timothy Burnette
Realty One Group Heartland
(708) 307-4766
1 in this area
7 Total Sales
-
James Murphy
Seller's Agent in 2018
James Murphy
Murphy Real Estate Group
(815) 464-1110
10 in this area
238 Total Sales
-
Gregory Wallace
Buyer's Agent in 2018
Gregory Wallace
The Wallace Real Estate Group, INC.
(708) 308-1212
2 in this area
103 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12428625
APN: 19-09-13-404-023
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