NOT LISTED FOR SALE

405 Lathrop Ave Unit 1E River Forest, IL 60305

Estimated Value: $227,000 - $306,000

3 Beds
1 Bath
1,434 Sq Ft
$455/mo HOA Fee

Last Sold April 03, 2023

Last sale price $212,000 $148 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,362/month

30 Days on Market

Highlights

  • Heated Floors
  • Stainless Steel Appliances
  • Storage
  • Lincoln Elementary School Rated A
  • Resident Manager or Management On Site
  • Central Air

About This Home

As of April 2023

What a rare find! 3 bedroom condo with 3 parking places AND a ginormous private storage room, all in a fantastic walkable location to top rated schools, parks, shopping, the EL and Metra trains + much much more! Easily the best per square foot purchase in River Forest! Because the parking is on the first floor, 1E lives like a 2nd story unit! Large rooms. Hardwood floors throughout. Freshly painted. Newer windows, kitchen and bathroom. Eat-in kitchen with a large pantry closet. Tub shower combo in the bathroom with heated floors and a large vanity. The living room and dining room are open to each other. Great natural light. 3 owned and covered parking places. The storage is another unicorn feature! Triple the size of the other units' storage with shelves on both sides and walkable down the center. Private and secure for unit 1E only. Well maintained condo and property. Professionally managed. A must see!

Last Agent to Sell the Property

Kara Keller

Baird & Warner License #471000649 Listed on: 01/24/2023

Baird & Warner

Co-Listed By

Jon Keller

@properties Christie's International Real Estate License #471020535

Last Buyer's Agent

Rafay Qamar

Real Broker LLC License #475158420

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,144

Year Built

  • Built in 1961

Lot Details

  • 0.44

HOA Fees

  • $455 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,434 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Storage
  • Sink Near Laundry

Kitchen

  • Electric Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 3 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Lincoln Elementary School
  • Roosevelt Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 22 Units
  • Lauren Cagney Association, Phone Number (630) 941-0135
  • Property managed by Real Estate Investor Services

Amenities

  • Common Area
  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,144

Year Built

Built in 1961

Lot Details

0

HOA Fees

$455 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1961
  • 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): No
  • Unit Floor Level: 1
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Electric Oven
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, Heated Floors, Storage
  • LivingArea: 1434
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Common Area, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 455
  • Association Amenities: Storage, Laundry
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Real Estate Investor Services
  • Management Contact Name: Lauren Cagney
  • Management Phone: 630-941-0135
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Roosevelt School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4144.15
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Apr 3, 2023
Sold by
Goc Paul W
Bought by
Holland Thomas and Torres Maria
Seller's Agent
Kara Keller
Baird & Warner
Buyer's Agent
Rafay Qamar
Real Broker LLC
List Price
$219,000
Sold Price
$212,000
Premium/Discount to List
-$7,000
-3.2%
Views
144
Current Estimated Value
$275,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,032
Avg. Annual Appreciation
10.20%
Original Mortgage
$201,400
Outstanding Balance
$196,140
Interest Rate
7.33%
Mortgage Type
Construction
Estimated Equity
$78,892

Purchase Details

Closed on
Jul 5, 2007
Sold by
Truitt Kathleen D
Bought by
Goc Paul W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 1995
Sold by
Christofaro Anthony J and Christofaro Norma P
Bought by
Truitt Kathleen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.75%
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
Holland Thomas $212,000 Chicago Title
Goc Paul W $220,000 Multiple
Truitt Kathleen D $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland Thomas $201,400
Previous Owner Goc Paul W $176,000
Previous Owner Truitt Kathleen D $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2023 04/03/23 Sold $212,000 -1.4% $148 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
02/13/2023 02/13/23 Price Changed $215,000 -1.8% $150 / Sq Ft
01/24/2023 01/24/23 For Sale $219,000 -- $153 / 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 $5,546 $23,575 $1,687 $21,888
2023 $4,274 $23,575 $1,687 $21,888
2022 $4,274 $16,657 $2,864 $13,793
2021 $4,144 $16,656 $2,864 $13,792
2020 $4,119 $16,656 $2,864 $13,792
2019 $3,088 $13,376 $2,589 $10,787
2018 $2,921 $13,376 $2,589 $10,787
2017 $2,929 $13,376 $2,589 $10,787
2016 $3,134 $12,239 $2,157 $10,082
2015 $3,039 $12,239 $2,157 $10,082
2014 $2,799 $12,239 $2,157 $10,082
2013 $4,619 $19,000 $2,157 $16,843
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11705992

Midwest Real Estate Data (MRED)

APN: 15-12-219-036-1005