20831 Oak Ln Olympia Fields, IL 60461
Estimated Value: $589,000 - $835,000
4
Beds
4.5
Baths
7,300
Sq Ft
$98/Sq Ft
Est. Value
Highlights
- Second Kitchen
- Waterfront
- Landscaped Professionally
- Gated Community
- 1.55 Acre Lot
- Deck
About This Home
As of June 2019Gated For Privacy: Massive Estate, Designed for private related living. Elegant Custom Built 7300 sq.ft. Dream Home Nestled on over 1.5 Hidden Wooded acres backing to Creek & Forest Preserves! Entertainment Paradise w/ open 2-story first floor, suspended walkways and custom staircases. Custom White House inspired 2-story windows in the great room that overlook the woods! Main floor Corner Bar room that walks out to the deck. Open floor plan perfect for entertaining and large families. Recently installed quality Stainless appliances and Corian counter tops. In-law wing on first floor with its own bath and beautiful views. Three additional bedrooms upstairs - Including massive master suite, with sweeping views! Almost everything updated in the past few years including roof,gutters,baths,mechanical, and garage doors. Basement finished with Rec-Room, 2nd kitchen, and live-in bedroom & bath. One of a kind from bordering creek to the electronic gated entrance
Last Agent to Sell the Property
Keller Williams Preferred Rlty License #471006165 Listed on: 04/11/2017
Home Details
Home Type
- Single Family
Year Built
- Built in 1992
Lot Details
- 1.55 Acre Lot
- Lot Dimensions are 163x405
- Waterfront
- Landscaped Professionally
- Wooded Lot
Parking
- 4 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Space is Owned
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,300 Sq Ft Home
- 2-Story Property
- Wet Bar
- Central Vacuum
- Bar Fridge
- Bar
- Vaulted Ceiling
- Ceiling Fan
- Entrance Foyer
- Family Room with Fireplace
- Great Room
- Living Room
- Breakfast Room
- Formal Dining Room
- Recreation Room
- Loft
- Game Room
- Wood Flooring
Kitchen
- Second Kitchen
- Double Oven
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Potential Bedrooms
- Main Floor Bedroom
- In-Law or Guest Suite
- Bathroom on Main Level
- Bidet
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Finished Basement Bathroom
Home Security
- Home Security System
- Intercom
- Carbon Monoxide Detectors
Outdoor Features
- Balcony
- Deck
- Patio
Location
- Property is near a forest
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- 200+ Amp Service
- Lake Michigan Water
- TV Antenna
Community Details
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2017
Closed on
Jun 13, 2019
Sold by
Gupta Raj Gopal and Gupta Prabha
Bought by
Thomas Julius B
Seller's Agent
Ron Wexler
Keller Williams Preferred Rlty
Buyer's Agent
Scott Schoon
Keller Williams Preferred Rlty
List Price
$724,900
Sold Price
$575,000
Premium/Discount to List
-$149,900
-20.68%
Total Days on Market
662
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
$143,725
Avg. Annual Appreciation
3.07%
Original Mortgage
$460,000
Outstanding Balance
$310,987
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$379,284
Purchase Details
Closed on
Apr 23, 2008
Sold by
Gupta Raj Gopal and Gupta Prabha
Bought by
Gupta Raj Gopal and Gupta Prabha
Similar Homes in Olympia Fields, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas Julius B | $575,000 | Chicago Title Insurance Co | |
| Gupta Raj Gopal | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thomas Julius B | $460,000 | |
| Previous Owner | Gupta Raj Gopal | $387,500 | |
| Previous Owner | Gupta Raj Gopal | $400,000 | |
| Previous Owner | Gupta Raj Gopal | $141,518 | |
| Previous Owner | Gupta Raj Gopal | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2019 06/13/19 | Sold | $575,000 | -11.5% | $79 / Sq Ft |
| 02/02/2019 02/02/19 | Pending | -- | -- | -- |
| 09/02/2018 09/02/18 | Price Changed | $649,900 | -10.3% | $89 / Sq Ft |
| 07/11/2018 07/11/18 | For Sale | $724,900 | 0.0% | $99 / Sq Ft |
| 06/09/2018 06/09/18 | Pending | -- | -- | -- |
| 05/03/2018 05/03/18 | Price Changed | $724,900 | -9.4% | $99 / Sq Ft |
| 03/09/2018 03/09/18 | Price Changed | $799,900 | -2.4% | $110 / Sq Ft |
| 01/08/2018 01/08/18 | Price Changed | $819,900 | -8.9% | $112 / Sq Ft |
| 08/23/2017 08/23/17 | For Sale | $899,900 | +56.5% | $123 / Sq Ft |
| 08/11/2017 08/11/17 | Off Market | $575,000 | -- | -- |
| 07/14/2017 07/14/17 | Pending | -- | -- | -- |
| 06/26/2017 06/26/17 | Price Changed | $899,900 | -5.3% | $123 / Sq Ft |
| 05/24/2017 05/24/17 | Price Changed | $950,000 | -4.9% | $130 / Sq Ft |
| 04/11/2017 04/11/17 | For Sale | $999,000 | -- | $137 / 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 | $26,980 | $62,000 | $28,658 | $33,342 |
| 2023 | $32,656 | $62,000 | $28,658 | $33,342 |
| 2022 | $32,656 | $57,500 | $25,286 | $32,214 |
| 2021 | $33,833 | $57,500 | $25,286 | $32,214 |
| 2020 | $31,027 | $57,500 | $25,286 | $32,214 |
| 2019 | $47,797 | $87,165 | $23,600 | $63,565 |
| 2018 | $47,435 | $87,165 | $23,600 | $63,565 |
| 2017 | $45,818 | $87,165 | $23,600 | $63,565 |
| 2016 | $34,642 | $65,175 | $21,914 | $43,261 |
| 2015 | $34,565 | $65,175 | $21,914 | $43,261 |
| 2014 | $31,514 | $65,175 | $21,914 | $43,261 |
| 2013 | $30,733 | $67,280 | $21,914 | $45,366 |
Source: Public Records
Agents Affiliated with this Home
-
Ron Wexler
Seller's Agent in 2019
Ron Wexler
Keller Williams Preferred Rlty
(708) 629-5151
3 in this area
502 Total Sales
-
Stephanie Gleason
S
Seller Co-Listing Agent in 2019
Stephanie Gleason
Keller Williams Preferred Rlty
(708) 249-3179
3 in this area
207 Total Sales
-
Scott Schoon
Buyer's Agent in 2019
Scott Schoon
Keller Williams Preferred Rlty
(815) 954-2525
156 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09591942
APN: 31-23-101-025-0000
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