NOT LISTED FOR SALE

225 N Oak Park Ave Unit 1W Oak Park, IL 60302

Estimated Value: $177,000 - $192,000

1 Bed
1 Bath
-- Sq Ft
$263/mo HOA Fee

Last Sold November 16, 2021

Last sale price $137,900

Est. 35% increase in value since last sale

Current estimated payment $1,692/month

22 Days on Market

Highlights

  • Courtyard
  • Resident Manager or Management On Site
  • 3-minute walk to Scoville Park
  • Oliver W Holmes Elementary School Rated A-

About This Home

As of November 2021

Enjoy all that downtown Oak Park has to offer in this MOVE-IN READY vintage condo! The first-floor walk-up unit has beautiful courtyard views and an open-concept layout. Attractive kitchen with 42-inch maple cabinets, granite counters, and a breakfast bar for two. Hardwood floors, plus IN-UNIT LAUNDRY and individual controlled heat and CENTRAL AIR. Classic, updated bath with vanity. Bedroom has spacious closet and ceiling fan. Additional storage in basement. Steps to dozens of restaurants, shops, the Lake Movie Theatre, Farmer's Market, CTA Green Line/Metra and more! Plus, the unit can be rented after two years of owner occupancy. Make an appointment to see this fabulous condo today!

Last Agent to Sell the Property

Kris Sagan

RE/MAX In The Village License #475140298 Listed on: 09/16/2021

RE/MAX In The Village

Last Buyer's Agent

Scott Berg

Berg Properties License #475110440

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,630

Year Built | Renovated

  • 1928 | 2005

Lot Details

  • 0.71

HOA Fees

  • $263 per month

Home Design

  • Brick Exterior Construction

Outdoor Features

  • Courtyard

Additional Features

  • Unfinished Basement

Community Details

Overview

  • 55 Units
  • Greg Marsey Association, Phone Number (708) 642-1468
  • Property managed by Paramount Property Management

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,630

Year Built | Renovated

1928 | 2005

Lot Details

0

HOA Fees

$263 per month

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo,Courtyard,Vintage
  • Property Sub Type: Condo,Courtyard,Vintage
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2005
  • Directions: Oak Park Ave., north of Lake Street, at the southwest corner of Erie and Oak Park Ave.
  • Lot Size: COMMON
  • New Construction: No
  • Ownership: Condo
  • Subdivision Name: Avenue Square
  • Special Features: None
  • Year Built: 1928
  • Year Renovated: 2005

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Dining Room Type: No additional rooms
  • Stories: 3

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Paramount Property Management
  • Management Contact Name: Greg Marsey
  • Management Phone: 708-642-1468
  • Association Fee: 263
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Number Limit

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Oak Park & River Forest High Sch
  • Junior High Dist: 200

Lot Info

  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Multi Family

  • Units in Building: 55

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 4401.8
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Nov 16, 2021
Sold by
Hansen Samuel
Bought by
Johnson Lauren
Seller's Agent
Kris Sagan
RE/MAX In The Village
Buyer's Agent
Scott Berg
Berg Properties
List Price
$139,500
Sold Price
$137,900
Premium/Discount to List
-$1,600
-1.15%
Total Days on Market
22
Current Estimated Value
$186,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,439
Avg. Annual Appreciation
8.88%
Original Mortgage
$131,005
Outstanding Balance
$121,440
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$64,899

Purchase Details

Listed on
Mar 16, 2020
Closed on
May 19, 2020
Sold by
Kelley Laura Moglia and Moglia Laura
Bought by
Hansen Samuel
Seller's Agent
Kris Sagan
RE/MAX In The Village
Buyer's Agent
Rick Hansen
S Hansen Realty Inc.
List Price
$143,500
Sold Price
$126,400
Premium/Discount to List
-$17,100
-11.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$113,760
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2005
Sold by
Fox Partners Lp
Bought by
Moglia Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Johnson Lauren $138,000 Chicago Title Insurance Co
Hansen Samuel $126,500 Chicago Title
Moglia Laura $183,500 Prairie Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Lauren $131,005
Previous Owner Hansen Samuel $113,760
Previous Owner Moglia Laura $92,305
Previous Owner Moglia Laura M $22,453
Previous Owner Moglia Laura $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $137,900 -1.1% --
10/09/2021 10/09/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $139,500 +10.4% --
05/19/2020 05/19/20 Sold $126,400 -8.7% --
04/18/2020 04/18/20 Pending -- -- --
04/03/2020 04/03/20 Price Changed $138,500 -3.5% --
03/16/2020 03/16/20 For Sale $143,500 0.0% --
08/15/2017 08/15/17 Rented $1,350 0.0% --
07/20/2017 07/20/17 Under Contract -- -- --
06/29/2017 06/29/17 For Rent $1,350 -- --
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 $4,630 $14,410 $732 $13,678
2023 $4,630 $14,410 $732 $13,678
2022 $4,630 $12,059 $497 $11,562
2021 $4,512 $12,058 $496 $11,562
2020 $4,402 $12,058 $496 $11,562
2019 $4,072 $10,614 $457 $10,157
2018 $3,919 $10,614 $457 $10,157
2017 $3,834 $10,614 $457 $10,157
2016 $3,822 $9,495 $379 $9,116
2015 $2,953 $8,190 $379 $7,811
2014 $2,221 $6,628 $379 $6,249
2013 $1,545 $4,748 $379 $4,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11221223

Midwest Real Estate Data (MRED)

APN: 16-07-117-010-1043