NOT LISTED FOR SALE

407 Franklin Ave Unit 1A River Forest, IL 60305

Estimated Value: $324,000 - $350,000

2 Beds
2 Baths
1,536 Sq Ft
$335/mo HOA Fee

Last Sold August 24, 2020

Last sale price $255,000 $166 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,597/month

52 Days on Market

Highlights

  • Landscaped Professionally
  • Wood Flooring
  • End Unit
  • Lincoln Elementary School Rated A
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of August 2020

Check out the Virtual Tour to get a great 1st showing! Convenient 1st floor unit lives like a ranch. Tastefully updated this spacious unit offers hardwood floors, carpeted bedrooms and gorgeous kitchen. Two spacious bedrooms and 2 full newly updated bathrooms. Lots of closet space and storage. You will love the exterior living as well-large 12X12 patio perfect for morning coffee or happy hour cocktails. 2 exterior parking spots - hot commodity in RF! New common washers/dryers in 2019. Superbly maintained building with great reserves. Centrally located and easy access to Metra and Green Line. Blocks from River Forest Towne Center and downtown Oak Park. Make an appointment to see this gem today!

Last Agent to Sell the Property

Lisa Pasquesi

@properties Christie's International Real Estate License #475138982 Listed on: 05/12/2020

@properties   Christie's International Real Estate

Last Buyer's Agent

Leigh Ann Hughes

Compass License #475166107

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,463

Year Built

  • 1968

Lot Details

  • End Unit
  • East or West Exposure
  • Landscaped Professionally

HOA Fees

  • $335 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Entrance Foyer
  • Storage
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Home Security

Parking

  • Parking Available
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

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

Additional Features

  • Patio
  • Property is near a bus stop

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,463

Year Built

1968

Lot Details

0

HOA Fees

$335 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train, Interstate Access
  • Unit Floor Level: 1
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1536
  • Estimated Year Built: 1968
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Total Sq Ft: 1536
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5
  • Year Built: 1968

Interior Features

  • Interior Property Features: Elevator, Hardwood Floors, 1st Floor Bedroom, Storage, Walk-In Closet(s)
  • Number Of Rooms: 6
  • Living Room: Dimensions: 16X13, On Level: Main Level, Flooring: Wood Laminate
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, All Stainless Steel Kitchen Appliances
  • Equipment: Intercom, CO Detectors
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Dining Room: Dimensions: 13X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 14X12, On Level: Main Level, Flooring: Porcelain Tile
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Foyer, Walk In Closet
  • Master Bedroom: Dimensions: 18X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Foyer, Dimensions: 10X7, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Walk in Closet, Dimensions: 6X7, On Level: Main Level
  • Bedroom 2: Dimensions: 13X11, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1536
  • Estimated Total Finished Sq Ft: 1536
  • Main Level Sq Ft: 1536
  • Family Room: Dimensions: 12X12, On Level: Main Level, Flooring: Wood Laminate

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Patio, Storms/Screens, End Unit
  • Exposure: W (West)

Garage/Parking

  • Number of Cars: 2
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Street
  • Number Parking Spaces: 2
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: No Pets
  • Common Area Amenities: Coin Laundry, Elevator, Storage
  • Assessment Includes: Heat, Water, Gas, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 335
  • Management Contact Name: Mary Swindal
  • Management Phone: 708-488-0757

Fee Information

  • Management Company: Monroe Property Management

Schools

  • School District: 200
  • Elementary School: Lincoln Elementary School
  • Middle School: Roosevelt School
  • High School: Oak Park & River Forest High Sch
  • Junior High Dist: 90

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Corner, Landscaped Professionally
  • Parcel Identification Number: 15121160241002

Multi Family

  • Total Number Unitsin Building: 58
  • Number Stories: 5

Tax Info

  • Taxes: 4255.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Aug 18, 2020
Sold by
Hamilton Kathleen J and Fager Jeremy
Bought by
Akram Rabia and Myers Daniel
Seller's Agent
Lisa Pasquesi
@properties Christie's International Real Estate
Buyer's Agent
Leigh Ann Hughes
Compass
List Price
$267,000
Sold Price
$255,000
Premium/Discount to List
-$12,000
-4.49%
Current Estimated Value
$339,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,405
Avg. Annual Appreciation
5.73%
Original Mortgage
$229,500
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2015
Closed on
Oct 9, 2015
Sold by
First American Bank
Bought by
Hamilton Kathleen J
Seller's Agent
Kurt Fiedler
Compass
Buyer's Agent
Tagger O'Brien
P.M. Walsh & Co.
List Price
$199,000
Sold Price
$182,000
Premium/Discount to List
-$17,000
-8.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$136,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2003
Sold by
Arostegui Mark D
Bought by
Midwest Bank & Trust Co and Trust #03-1-8191

Purchase Details

Closed on
Jul 24, 2002
Sold by
Nolan Thomas
Bought by
Arostegui Marc D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.54%

Purchase Details

Closed on
May 26, 1998
Sold by
Caraher John E
Bought by
Nolan Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.27%

Purchase Details

Closed on
Mar 15, 1996
Sold by
King Dorothy A
Bought by
Caraher John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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
Akram Rabia $255,000 Stewart Title Company
Hamilton Kathleen J $182,000 Prairie Title
Midwest Bank & Trust Co $245,000 Pntn
Arostegui Marc D $235,000 --
Nolan Anne $143,000 --
Caraher John E $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akram Rabia $229,500
Previous Owner Hamilton Kathleen J $136,500
Previous Owner Arostegui Marc D $188,000
Previous Owner Nolan Anne $65,000
Previous Owner Caraher John E $98,000
Closed Arostegui Marc D $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2020 08/24/20 Sold $255,000 -1.9% $166 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/20/2020 06/20/20 Price Changed $259,900 -1.9% $169 / Sq Ft
05/27/2020 05/27/20 Price Changed $265,000 -0.7% $173 / Sq Ft
05/12/2020 05/12/20 For Sale $267,000 +46.7% $174 / Sq Ft
10/23/2015 10/23/15 Sold $182,000 -6.7% -- View Prior Sale
08/26/2015 08/26/15 Pending -- -- --
07/20/2015 07/20/15 Price Changed $195,000 -2.0% --
07/10/2015 07/10/15 For Sale $199,000 -- --
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 $5,463 $23,272 $871 $22,401
2023 $5,019 $23,272 $871 $22,401
2022 $5,019 $18,962 $1,479 $17,483
2021 $4,861 $18,962 $1,479 $17,483
2020 $4,819 $18,962 $1,479 $17,483
2019 $4,497 $17,914 $1,337 $16,577
2018 $4,255 $17,914 $1,337 $16,577
2017 $4,257 $17,914 $1,337 $16,577
2016 $4,204 $15,565 $1,114 $14,451
2015 $4,090 $15,565 $1,114 $14,451
2014 $3,762 $15,565 $1,114 $14,451
2013 $3,576 $15,305 $1,114 $14,191
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10712650

Midwest Real Estate Data (MRED)

APN: 15-12-116-024-1002