NOT LISTED FOR SALE

320 Fairbank Rd Riverside, IL 60546

Estimated Value: $776,271 - $888,000

3 Beds
3 Baths
2,850 Sq Ft
$289/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $560,000 $196 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,375/month

15 Days on Market

Highlights

  • Vaulted Ceiling
  • Whirlpool Bathtub
  • Corner Lot
  • Central Elementary School Rated A
  • Sun or Florida Room
  • 4-minute walk to Indian Gardens

About This Home

As of March 2018

A rare opportunity to own this expansive ranch in an idyllic First Division setting. A special property sitting on a private, large corner lot boasting a panoramic view from every wing covering acres of parks to the historic Coonley Estate. Entryway opens to a grand sized LR and DR with cathedral ceiling. Wall of 6' windows to views of the parkway. Large brick, gas fireplace. Teak floors in the din rm, hallway and bedrms. Gutted, beautiful hallway bath w/ custom walk-in tub by Jacuzzi. Huge family room with dinner nook. Good sized bedrooms with double closets and storage above. Marvin windows throughout. First floor laundry room. Media/library addition also perfect for your office. Huge sun room leads to patio and fantastic fenced yard. 2.5 car heated garage with parking pad for 7-8 cars. Ext. storage closets. Complete tear-off roof 11-14. Dual furnaces/ca. Partial basement. EM must be certified! Broker related to seller.

Last Agent to Sell the Property

John Novak

Illinois Real Estate Partners Inc License #475141136 Listed on: 02/05/2018

Illinois Real Estate Partners Inc

Last Buyer's Agent

Lauren Cody

Baird & Warner License #475130596

Baird & Warner

Home Details

Home Type

  • Single Family

Year Built

  • 1954

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Corner Lot

Parking

  • Attached Garage
  • Heated Garage
  • Parking Available
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Vaulted Ceiling
  • Gas Log Fireplace
  • Library
  • Sun or Florida Room
  • Partially Finished Basement
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • North or South Exposure
  • Patio

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1954

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Type Detached: 1 Story
  • Estimated Year Built: 1954
  • Tax Exemptions: Homeowner, Senior
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings
  • Number Of Rooms: 8
  • Living Room: Dimensions: 31X17, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop
  • Fireplace Details: Gas Logs
  • Fireplace Location: Living Room
  • Basement: Partial
  • Basement: Partially Finished
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 15X6, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Dining Room: Dimensions: 22X14, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 20X9, On Level: Main Level, Flooring: Ceramic Tile, Windows: Blinds
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Sun/Florida Room, Library
  • Master Bedroom: Dimensions: 15X13, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Additional Room 1 Name: Sunroom, Dimensions: 19X14, On Level: Main Level, Flooring: Stone, Windows: None
  • Additional Room 2 Name: Library, Dimensions: 12X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 18X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 3: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Estimated Sq Ft: 2850
  • Dining Room Type: Separate
  • Family Room: Dimensions: 30X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio
  • Exposure: N (North), S (South), E (East), W (West)

Garage/Parking

  • Number of Cars: 9
  • Parking: Garage, Space/s
  • Parking Details: Off Street
  • Number Parking Spaces: 7
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s), Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service, 100 Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • Junior High Dist: 96

Lot Info

  • Lot Dimensions: 160X150X134X63
  • Lot Description: Corner
  • Parcel Identification Number: 18022010250000

Tax Info

  • Taxes: 11574.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 23, 2018
Sold by
Novak John C
Bought by
Ottenweller Cara and Asaf Hector
Seller's Agent
John Novak
Illinois Real Estate Partners Inc
Buyer's Agent
Lauren Cody
Baird & Warner
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%
Current Estimated Value
$758,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,430
Avg. Annual Appreciation
4.96%
Original Mortgage
$532,000
Outstanding Balance
$459,572
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$363,496

Purchase Details

Closed on
Jun 28, 1999
Sold by
Novak Robert J and Novak Marjorie A
Bought by
Novak Marjorie A and The Marjorie A Novak Revocable Trust

Purchase Details

Closed on
Mar 12, 1999
Sold by
Wood Thomas R and Wood Felicia
Bought by
Novak Robert J and Novak Marjorie A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ottenweller Cara $560,000 Chicago Title
Novak Marjorie A -- --
Novak Robert J $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ottenweller Cara $532,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $560,000 -5.9% $196 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $595,000 -- $209 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $17,661 $59,001 $15,362 $43,639
2024 $17,661 $59,001 $15,362 $43,639
2023 $17,359 $59,001 $15,362 $43,639
2022 $17,359 $49,051 $13,267 $35,784
2021 $16,726 $49,049 $13,266 $35,783
2020 $16,268 $49,049 $13,266 $35,783
2019 $16,395 $46,738 $12,219 $34,519
2018 $9,758 $46,738 $12,219 $34,519
2017 $9,280 $46,738 $12,219 $34,519
2016 $11,574 $37,183 $10,473 $26,710
2015 $12,784 $37,183 $10,473 $26,710
2014 $11,082 $37,183 $10,473 $26,710
2013 $12,317 $43,959 $10,473 $33,486
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09849015

Midwest Real Estate Data (MRED)

APN: 18-02-201-025-0000

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