NOT LISTED FOR SALE

3940 Forest Ave Downers Grove, IL 60515

Estimated Value: $492,000 - $628,000

3 Beds
2.5 Baths
2,500 Sq Ft
$218/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $393,000 $157 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,436/month

Highlights

  • Deck
  • Family Room with Fireplace
  • Game Room
  • Highland Elementary School Rated A-
  • Wood Flooring
  • Home Office

About This Home

As of September 2022

Magnificent house, in the perfect location of well known Downers Grove available to rent 10-1-2022. Close to schools, parks, shopping, metra, and hwy 290. This property has 3 upstairs bedrooms with an additional guest bedroom in the basement. 1 full bathroom upstairs, 1 full bathroom in the basement, and a en suite 1/2 bathroom off the primary bedroom. Recently updated with luxury, light finishes with a well appointed kitchen that will make other jealous. Fully finished basement with plenty of room for an office, family events, storage, additional bedroom, game room, and additional family room. Attached garage, extra large back yard, back deck, and well maintained landscaping. If your looking to rent a house this is it!

Last Agent to Rent the Property

Carlton Buck

Compass License #475191284 Listed on: 08/24/2022

Compass

Last Renter's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,880

Year Built

  • Built in 1955 | Remodeled in 2019

Lot Details

  • Fenced Yard

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Room
  • Home Office
  • Game Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • In-Law or Guest Suite
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Lake Michigan Water

Community Details

  • Carlton Buck Association, Phone Number (312) 420-6125
  • Property managed by PMI West Suburban

Listing and Financial Details

  • Security Deposit $3,000
  • Property Available on 10/1/22
  • 12 Month Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,880

Year Built

Built in 1955 | Remodeled in 2019

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2022-10-01
  • Lease Term: 12 Months
  • Board Approval: No
  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Type of Rental Property: Detached
  • Rental Price: 3000
  • Security Deposit: 3000
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Credit Report
  • Max Pet Weight: 50

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Detached: 1 Story
  • Property Sub-Type: Detached
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 1200
  • Fireplace Features: Decorative
  • Fireplaces: 2
  • Furnished: No
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, In-Law Arrangement, First Floor Full Bath
  • LivingArea: 2500
  • Room Type: Game Room, Office
  • Estimated Total Finished Sq Ft: 2500
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1300
  • Basement Sq Ft: 1200
  • Fireplace Location: Family Room,Basement
  • Total Sq Ft: 2600
  • Main Level Sq Ft: 1300
  • Unfinished Lower Sq Ft: 100

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 3000
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Rent Includes: None
  • Management: Manager Off-site,Monday through Sunday
  • Management Company: PMI West Suburban
  • Management Contact Name: Carlton Buck
  • Management Phone: 312-420-6125

Schools

  • Middle/Junior School District: 58

Lot Info

  • Lot Dimensions: 12174
  • Rural (Y/N): N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2019
Closed on
Aug 22, 2019
Sold by
S & W Royal Investments Inc
Bought by
Bach Jacob J and Bach Holly L
Seller's Agent
Kevin Glover
HomeSmart Realty Group
Buyer's Agent
Lindey Goodrich
Keller Williams Realty Signature
List Price
$399,000
Sold Price
$393,000
Premium/Discount to List
-$6,000
-1.5%
Current Estimated Value
$545,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,812
Avg. Annual Appreciation
5.49%
Original Mortgage
$334,050
Outstanding Balance
$292,566
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$253,246

Purchase Details

Listed on
Sep 13, 2018
Closed on
Dec 10, 2018
Sold by
Us Bank Trust Na
Bought by
S & W Royal Investments Inc
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Kevin Glover
HomeSmart Realty Group
List Price
$265,200
Sold Price
$250,000
Premium/Discount to List
-$15,200
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.83%

Purchase Details

Closed on
Aug 21, 2018
Sold by
Schmidt Faith C and Christiana Trust
Bought by
U S Bank Trust Na and Gifm Holdings 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 Buyer Sale Price Title Company
Bach Jacob J $393,000 First American Title
S & W Royal Investments Inc $250,500 Attorneys Title Guarented
U S Bank Trust Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bach Jacob J $334,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2022 09/06/22 Rented $3,000 0.0% --
08/25/2022 08/25/22 Under Contract -- -- --
08/24/2022 08/24/22 For Rent $3,000 0.0% --
09/03/2019 09/03/19 Sold $393,000 -1.5% $157 / Sq Ft View Prior Sale
07/30/2019 07/30/19 Pending -- -- --
07/20/2019 07/20/19 For Sale $399,000 +59.6% $160 / Sq Ft
12/11/2018 12/11/18 Sold $250,000 0.0% -- View Prior Sale
11/15/2018 11/15/18 Pending -- -- --
10/31/2018 10/31/18 Price Changed $249,900 -5.8% --
09/13/2018 09/13/18 For Sale $265,200 -- --
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 $6,880 $128,176 $68,216 $59,960
2023 $6,529 $117,830 $62,710 $55,120
2022 $6,183 $111,050 $59,100 $51,950
2021 $5,786 $109,790 $58,430 $51,360
2020 $5,677 $107,610 $57,270 $50,340
2019 $5,492 $103,250 $54,950 $48,300
2018 $5,276 $98,310 $54,600 $43,710
2017 $5,104 $94,600 $52,540 $42,060
2016 $4,702 $90,280 $50,140 $40,140
2015 $4,937 $84,930 $47,170 $37,760
2014 $4,438 $79,850 $45,860 $33,990
2013 $4,345 $79,470 $45,640 $33,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11609862

Midwest Real Estate Data (MRED)

APN: 09-05-102-009