NOT LISTED FOR SALE

309 Oak Terrace Ave Highwood, IL 60040

Estimated Value: $510,109 - $651,000

6 Beds
3 Baths
2,450 Sq Ft
$229/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $382,000 $156 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,752/month

23 Days on Market

Highlights

  • Formal Dining Room
  • 4-minute walk to Highwood Station
  • Laundry in multiple locations
  • Wayne Thomas Elementary School Rated A
  • Breakfast Bar
  • 4-minute walk to Everts Park

About This Home

As of August 2021

Vintage 2 unit home in great location near downtown Highwood. Walk to the cute & lively center of town with restaurants & shopping, easy access to train. Property is currently tenant occupied. Both upper and lower unit leases expire July 31st, 2021. Great opportunity for investor, or for buyer looking to generate income. Live in one unit and rent out the other, or have a great setup for multi-generational living. Main level unit has 3 beds and 2 baths, access to partially finished basement. 2nd story unit has 2 separate points of access. No garage on site. Property being sold 'as-is'. Shed on property is included and also conveys "as-is."

Last Agent to Sell the Property

Kati Spaniak

eXp Realty License #471020379 Listed on: 05/19/2021

eXp Realty

Co-Listed By

Heather Johnston

eXp Realty License #475166097

Last Buyer's Agent

Zoila Garibay

eXp Realty License #475179610

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,435

Year Built

  • Built in 1926 | Remodeled in 2007

Lot Details

  • 7,449

Home Design

  • Cedar

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Breakfast Bar
  • Laundry in multiple locations

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Oak Terrace Elementary School
  • Northwood Junior High School
  • Highland Park High School

Additional Features

  • 7,449 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,435

Year Built

Built in 1926 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2007
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • LivingArea: 2450
  • Room Type: Eating Area, Kitchen, Bedroom 5, Bedroom 6
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2450
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 410000
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • ParkingTotal: 6
  • Number of Cars: 6
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Oak Terrace Elementary School
  • High School: Highland Park High School
  • Middle/Junior School: Northwood Junior High School
  • Middle/Junior School District: 112

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.171
  • Lot Dimensions: 7427
  • 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: 7435.12
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Aug 13, 2021
Sold by
Lenzini Ralph E and Lenzini Laurie
Bought by
Ramirez Rosendo Miguel Hernandez and Gutierrez Rosenda
Seller's Agent
Kati Spaniak
eXp Realty
Buyer's Agent
Zoila Garibay
eXp Realty
List Price
$425,000
Sold Price
$382,000
Premium/Discount to List
-$43,000
-10.12%
Current Estimated Value
$561,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,027
Avg. Annual Appreciation
7.32%
Original Mortgage
$375,081
Outstanding Balance
$343,520
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$166,069

Purchase Details

Closed on
Aug 21, 2002
Sold by
Lenzini Ralph E and Lenzini Laurie
Bought by
Lenzini Ralph E and Lenzini Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,147
Interest Rate
6.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1993
Sold by
Fiore David P and Fiore Kim
Bought by
Lenzini Ralph E and Lenzini Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.05%
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
Ramirez Rosendo Miguel Hernandez $382,000 Attorney
Lenzini Ralph E -- --
Lenzini Ralph E $126,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Rosendo Miguel Hernandez $375,081
Previous Owner Lenzini Ralph E $364,000
Previous Owner Lenzini Ralph E $314,611
Previous Owner Lenzini Ralph E $281,250
Previous Owner Lenzini Ralph E $216,344
Previous Owner Lenzini Ralph E $39,000
Previous Owner Lenzini Ralph E $213,147
Previous Owner Lenzini Ralph E $192,000
Previous Owner Lenzini Ralph E $13,203
Previous Owner Lenzini Ralph E $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $382,000 -10.1% $156 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $425,000 -- $173 / 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 $9,160 $119,954 $34,657 $85,297
2023 $9,014 $108,125 $31,239 $76,886
2022 $9,014 $103,521 $34,317 $69,204
2021 $8,351 $100,069 $33,173 $66,896
2020 $7,668 $100,069 $33,173 $66,896
2019 $7,444 $99,601 $33,018 $66,583
2018 $7,363 $102,658 $36,151 $66,507
2017 $7,276 $102,066 $35,943 $66,123
2016 $6,977 $97,168 $34,218 $62,950
2015 $6,785 $90,279 $31,792 $58,487
2014 $5,890 $79,448 $26,131 $53,317
2012 $5,763 $79,911 $26,283 $53,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11073283

Midwest Real Estate Data (MRED)

APN: 16-15-404-012