NOT LISTED FOR SALE

365 N 5th Ave Des Plaines, IL 60016

Estimated Value: $429,000 - $659,000

5 Beds
4 Baths
2,800 Sq Ft
$187/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $330,000 $118 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,442/month

13 Days on Market

Highlights

  • Multiple Garages
  • Colonial Architecture
  • Recreation Room
  • Cumberland Elementary School Rated A
  • Deck
  • 5-minute walk to Hawaii Park

About This Home

As of January 2023

Motivated Seller!!Beautiful two-story home in a desirable Cumberland neighborhood in North East Des Plaines with 5 bedrooms on the second floor, 4 full baths, a large main-level family room, a fully finished basement, and a 3 car garage (1 car attached and 2 cars detached). Gracious practical floor plan for everyday living and formal entertaining. A perfect location with convenience to everything you would need: Metra, Highways, great schools, shopping centers, and many parks. Come see it!! SOLD-AS-IS.

Last Agent to Sell the Property

Sufiyan Patel

HomeSmart Connect LLC License #475176735 Listed on: 12/05/2022

HomeSmart Connect LLC

Last Buyer's Agent

Connie Grunwaldt

@properties Christie's International Real Estate License #475127330

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,364

Year Built

  • Built in 1962 | Remodeled in 2018

Lot Details

  • 6,900 Sq Ft Lot
  • Lot Dimensions are 60 x 115
  • Fenced Yard

Parking

  • 3 Car Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Schools

  • Cumberland Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

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

Community Details

  • Des Plaines Terrace Subdivision, Two Story Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,364

Year Built

Built in 1962 | Remodeled in 2018

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Des Plaines Terrace
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • LivingArea: 2800
  • Room Type: Bedroom 5, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cumberland Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School

Lot Info

  • Lot Size Acres: 0.1584
  • Lot Dimensions: 60 X 115
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10363.78
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jan 13, 2023
Sold by
Madapalli Mahesh Chandra Rajesh Varma
Bought by
Smith Mitchell and Smith Jaz T
Seller's Agent
Sufiyan Patel
HomeSmart Connect LLC
Buyer's Agent
Connie Grunwaldt
@properties Christie's International Real Estate
List Price
$355,000
Sold Price
$330,000
Premium/Discount to List
-$25,000
-7.04%
Views
149
Current Estimated Value
$524,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,733
Avg. Annual Appreciation
16.72%
Original Mortgage
$320,100
Outstanding Balance
$307,741
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$216,992

Purchase Details

Closed on
Nov 16, 2022
Sold by
Madapalti Mahesh Chandra Rajesh Varma
Bought by
Madapalti Mahesh Chandra Raje and Antony Anoop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,100
Outstanding Balance
$307,741
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$216,992

Purchase Details

Closed on
May 8, 2021
Sold by
Madapalli Mahesh Chandra Rajesh Varma and Gelli Kalyana Venkata
Bought by
Madapalli Mahesh Chandra Rajesh Varma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2018
Closed on
Feb 22, 2019
Sold by
Mehrabian Andranik and Mehrabian Diana
Bought by
Madapalli Mahesh Chandra Rajesh Varma and Gelli Kalyana Venkata Ramana
Seller's Agent
Anthony Mehrabian
Baird & Warner
Buyer's Agent
Michael Rothe
Redfin Corporation
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$220,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1995
Sold by
Konopka Tadeusz and Konopka Jadwiga
Bought by
Mehrabian Andranik and Mehrabian Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.51%
Source: Public Records
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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
Smith Mitchell $330,000 Chicago Title
Madapalti Mahesh Chandra Raje -- None Listed On Document
Madapalli Mahesh Chandra Rajesh Varma -- Lakeland Title Services
Madapalli Mahesh Chandra Rajesh Varma $275,000 Proper Title Llc
Mehrabian Andranik $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Mitchell $320,100
Previous Owner Madapalli Mahesh Chandra Rajesh Varma $200,000
Previous Owner Madapalli Mahesh Chandra Rajesh Varma $220,000
Previous Owner Mehrabian Andranik $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2023 01/17/23 Sold $330,000 -7.0% $118 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $355,000 +29.1% $127 / Sq Ft
02/22/2019 02/22/19 Sold $275,000 -5.1% $98 / Sq Ft View Prior Sale
01/18/2019 01/18/19 Pending -- -- --
01/14/2019 01/14/19 Price Changed $289,900 -3.3% $104 / Sq Ft
12/04/2018 12/04/18 For Sale $299,900 -- $107 / 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
2025 $8,701 $50,000 $6,900 $43,100
2024 $8,701 $33,000 $5,865 $27,135
2023 $10,035 $39,000 $5,865 $33,135
2022 $10,035 $39,000 $5,865 $33,135
2021 $10,542 $34,295 $4,830 $29,465
2020 $10,364 $34,295 $4,830 $29,465
2019 $8,709 $38,534 $4,830 $33,704
2018 $7,896 $32,587 $4,140 $28,447
2017 $10,064 $34,256 $4,140 $30,116
2016 $10,266 $36,945 $4,140 $32,805
2015 $7,391 $28,945 $3,622 $25,323
2014 $7,263 $28,945 $3,622 $25,323
2013 $7,916 $31,938 $3,622 $28,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11683142

Midwest Real Estate Data (MRED)

APN: 09-07-216-009-0000