$130,500
SOLD NOV 30, 2018

342 55th St Downers Grove, IL 60515

3 Beds
1 Bath
-- Sq Ft
0.29 Acres

Recently Sold

5% Below List Price

8 Days on Market

Highlights

  • Ranch Style House
  • Attached Garage
  • Forced Air Heating System
  • Whittier Elementary School Rated A-

About This Home

As of March 2020

Do not judge a book by it's cover is the best advice for this quaint ranch in highly sought after Downers Grove location. Just minutes from downtown Downers, blocks from Barth Pond and walking distance to the train this ranch offers tremendous upside for a buyer with vision. Either rehab and rent while your values rise or rehab and gain instant equity, this is a win win in either scenario! Property is being sold as-is, taxes pro rated at 100% and buyer will be responsible for survey! Downers Grove is a rapidly appreciating market, the town and train offers an ideal location and the good bones of this home provide the canvas you will need to create your dream home! Do not pass this one up, it is hard to find this value within this community!

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 10/25/2018

RE/MAX Premier

Last Buyer's Agent

Ubair Siddiqui

Kale Realty License #475165619

Kale Realty

Home Details

Home Type

  • Single Family

Year Built

  • 1951

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Frame Construction

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Home Details

Home Type

Single Family

Year Built

1951

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1951
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1951

Interior Features

  • Number Of Rooms: 5
  • Living Room: Dimensions: 13X16, On Level: Main Level
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Kitchen Type: Dimensions: 11X9, On Level: Main Level
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 10X12, On Level: Main Level
  • Bedroom 2: Dimensions: 10X9, On Level: Main Level
  • Bedroom 3: Dimensions: 10X9, On Level: Main Level

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air

Condo/Co-op/Association

  • Assessed Sq Ft: 864

Schools

  • School District: 99
  • Junior High Dist: 58

Lot Info

  • Lot Dimensions: 12661
  • Parcel Identification Number: 0909307003

Tax Info

  • Taxes: 5690.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Mar 20, 2020
Sold by
Siddiqui Ubair
Bought by
Castaneda Jeffrey J
Seller's Agent
Ubair Siddiqui
Kale Realty
Buyer's Agent
Tabitha Murphy
Berkshire Hathaway HomeServices Chicago
List Price
$214,900
Sold Price
$196,000
Premium/Discount to List
-$18,900
-8.79%
Current Estimated Value
$352,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,453
Avg. Annual Appreciation
10.20%
Original Mortgage
$196,000
Interest Rate
3.5%
Mortgage Type
VA

Purchase Details

Listed on
Oct 25, 2018
Closed on
Nov 16, 2018
Sold by
Us Bank Na
Bought by
Siddiqui Ubair
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Ubair Siddiqui
Kale Realty
List Price
$137,500
Sold Price
$130,500
Premium/Discount to List
-$7,000
-5.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.74%
Original Mortgage
$140,000
Interest Rate
9.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 29, 2018
Sold by
Trinko Genevieve A
Bought by
Us Bank Na and Rmac Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $196,000 First American Title
Special Warranty Deed $130,500 Attorney
Sheriffs Deed -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 New Conventional
Open $196,669 VA
Closed $196,000 VA
Previous Owner $140,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $196,000 -4.3% $196 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
01/06/2020 01/06/20 Price Changed $204,900 -4.7% $205 / Sq Ft
12/18/2019 12/18/19 For Sale $214,900 +64.7% $215 / Sq Ft
11/30/2018 11/30/18 Sold $130,500 -5.1% --
11/02/2018 11/02/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $137,500 -- --
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 -- $130,590 $93,942 $36,648
2023 $6,661 $120,050 $86,360 $33,690
2022 $6,467 $115,880 $83,360 $32,520
2021 $6,052 $114,560 $82,410 $32,150
2020 $6,273 $112,290 $80,780 $31,510
2019 $6,085 $107,740 $77,510 $30,230
2018 $5,866 $102,640 $77,230 $25,410
2017 $5,690 $98,770 $74,320 $24,450
2016 $5,590 $94,260 $70,930 $23,330
2015 $5,546 $88,680 $66,730 $21,950
2014 $5,324 $88,590 $64,880 $23,710
2013 $5,215 $88,180 $64,580 $23,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10121573

Midwest Real Estate Data (MRED)

APN: 09-09-307-003