NOT LISTED FOR SALE

407 Franklin Ave Unit 3F River Forest, IL 60305

Estimated Value: $289,000 - $311,000

2 Beds
2 Baths
1,310 Sq Ft
$340/mo HOA Fee

Last Sold May 09, 2023

Last sale price $220,000 $168 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,312/month

1 Day on Market

Highlights

  • Lock-and-Leave Community
  • Elevator
  • Balcony
  • Lincoln Elementary School Rated A
  • Formal Dining Room
  • Living Room

About This Home

As of May 2023

First time on the market is this oh-so-roomy 2 BR/ 2 BA centrally-located River Forest condo. Functional and easy floor plan includes nice-sized kitchen, living and dining rooms that offer generous living space! Love the exceptionally large en-suite with plenty of room for a king-sized bed and multiple dressers. On top of that it comes with three spacious closets and a private bathroom. The 2nd BR can be used as a bedroom, office, or guest room (think Murphy bed!). Home has mostly original finishes with replacement kitchen appliances and a newer HVAC. The ample 16' X 5' east-facing balcony is a comfortable outdoor space and perfect for container gardening, relaxing and enjoying the outdoors. Near Metra, Green Line, Ike, Keystone Park, Jewel, RF library and so much more! Located in a prime River Forest location in a well-managed and financially healthy building, this one is a great find! NOTE: This is an estate sale and will be sold "As Is".

Last Agent to Sell the Property

Sarah O'Shea Munoz

Berkshire Hathaway HomeServices Chicago License #475125503 Listed on: 03/21/2023

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Michael Dmyterko

Berkshire Hathaway HomeServices Chicago License #475124340

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,092

Year Built

  • Built in 1969

Lot Details

  • 1.16

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,310 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Balcony

Schools

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

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 58 Units
  • Mary Swindal Association, Phone Number (708) 488-0757
  • Property managed by Monroe Property Management
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Coin Laundry
  • Elevator
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,092

Year Built

Built in 1969

Lot Details

0

HOA Fees

$340 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: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train,Interstate Access,Non-Smoking Building
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • AttributionContact: (708) 359-1570
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1310
  • Room Type: Foyer
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Balcony
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 1
  • Number of Cars: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: No
  • Association Fee: 340
  • Association Amenities: Coin Laundry, Elevator(s), Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Monroe Property Management
  • Management Contact Name: Mary Swindal
  • Management Phone: 708-488-0757
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

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: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 2091.7
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 5, 2023
Sold by
Hutchings Family Revocable Trust
Bought by
Gerald L Reese Trust and Mary Jane Reese Trust
Seller's Agent
Sarah O'Shea Munoz
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Michael Dmyterko
Berkshire Hathaway HomeServices Chicago
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
48
Current Estimated Value
$303,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,419
Avg. Annual Appreciation
12.17%
Original Mortgage
$176,000
Outstanding Balance
$170,141
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$130,550

Purchase Details

Closed on
Jul 14, 2008
Sold by
Hutchings Denis E
Bought by
Hutchings Denis E and Hutchings Margaret P
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
Gerald L Reese Trust $220,000 None Listed On Document
Hutchings Denis E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerald L Reese Trust $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2023 05/09/23 Sold $220,000 -2.2% $168 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $225,000 -- $172 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $4,339 $21,818 $817 $21,001
2024 $4,339 $21,818 $817 $21,001
2023 $3,752 $21,818 $817 $21,001
2022 $3,752 $17,777 $1,387 $16,390
2021 $2,092 $17,776 $1,386 $16,390
2020 $1,904 $17,776 $1,386 $16,390
2019 $2,150 $16,794 $1,253 $15,541
2018 $2,039 $16,794 $1,253 $15,541
2017 $1,996 $16,794 $1,253 $15,541
2016 $3,317 $14,591 $1,044 $13,547
2015 $3,190 $14,591 $1,044 $13,547
2014 $2,783 $14,591 $1,044 $13,547
2013 $4,048 $14,348 $1,044 $13,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11736679

Midwest Real Estate Data (MRED)

APN: 15-12-116-024-1029