NOT LISTED FOR SALE

408 E Drake Ave Addison, IL 60101

Estimated Value: $336,260

4 Beds
2 Baths
2,150 Sq Ft
$156/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $270,000 $126 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,247/month

3 Days on Market

Highlights

  • Detached Garage
  • 1-Story Property
  • Combination Dining and Living Room

About This Home

As of October 2021

This is a 4 BDR/ 2 BTS, brick ranch ( 3 beds on main level, another bed and den in the basement, a partial 2nd kitchen and a full bath). Basement is fully finished, yard is fenced, well maintained home by the current owners. There is a detached 2 car garages with extra storage on the side and plenty of driveway parking. Outdoors offers plenty of space for kids, fully fenced yard with brick patio, build in smoker/ grill and childrens' playset.

Last Agent to Sell the Property

Nela Corcau

@properties Christie's International Real Estate License #471022804 Listed on: 09/08/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Francisco Quintero, Jr.

Golden Homes Real Estate Inc. License #471017764

Home Details

Home Type

  • Single Family

Year Renovated

  • 2020

Lot Details

  • 0.25

Parking

  • Detached Garage
  • Driveway
  • Parking Space is Owned

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Finished Basement
  • Finished Basement Bathroom

Home Details

Home Type

Single Family

Year Renovated

2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1 Story
  • Property Sub Type: 1 Story
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • New Construction Y/N: No
  • Architectural Style: Ranch
  • Directions: Addison Rd to Palmer, East to Princenton, North to Drake.
  • Lot Size: 60X120
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Renovated: 2020

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Has Basement: Walkout
  • Estimated Total Finished Sq Ft: 2150
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 2150
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1075
  • Dining Room Type: Bonus Room

Exterior Features

  • Roof: Asphalt
  • Exterior Building Type: Brick,Cedar
  • Waterfront: No

Garage/Parking

  • Number of Cars: 8
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Garage Spaces: 2
  • Total Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 88

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 4898
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 27, 2021
Sold by
Guzman Luis G and Delmartinez Maria Del
Bought by
Shelby Katrina A
Seller's Agent
Nela Corcau
@properties Christie's International Real Estate
Buyer's Agent
Francisco Quintero, Jr.
Golden Homes Real Estate Inc.
List Price
$270,000
Sold Price
$270,000
Current Estimated Value
$336,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,260
Avg. Annual Appreciation
5.39%
Original Mortgage
$261,900
Outstanding Balance
$239,617
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$96,643

Purchase Details

Closed on
Jul 30, 2010
Sold by
Garcia Francisco and Pino Demetrio
Bought by
Guzman Luis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,686
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2007
Sold by
Pino Demetrio
Bought by
Pino Demetrio and Garcia Francisco

Purchase Details

Closed on
Aug 15, 2007
Sold by
Garcia Francisco
Bought by
Pino Demetrio

Purchase Details

Closed on
Oct 6, 2005
Sold by
Mahnke Keith and Mahnke Darlene
Bought by
Garcia Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Turner William
Bought by
Mahnke Darlene and Mahnke Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2000
Sold by
Turner William R and Berndt Carol J
Bought by
Turner William R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shelby Katrina A $270,000 Landtrust National Title
Guzman Luis G $143,000 Multiple
Pino Demetrio -- Republic Title Co
Pino Demetrio -- None Available
Garcia Francisco $247,000 Burnet Title Llc
Mahnke Darlene $190,000 Stewart Title Company
Turner William R $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shelby Katrina A $261,900
Previous Owner Guzman Luis G $128,686
Previous Owner Garcia Francisco $237,500
Previous Owner Mahnke Darlene $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $270,000 0.0% $126 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $270,000 -- $126 / 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 $5,820 $82,575 $35,669 $46,906
2023 $5,588 $75,910 $32,790 $43,120
2022 $5,228 $70,990 $30,600 $40,390
2021 $5,022 $68,000 $29,310 $38,690
2020 $4,898 $65,130 $28,070 $37,060
2018 $4,838 $59,600 $25,690 $33,910
2017 $4,728 $56,960 $24,550 $32,410
2016 $4,629 $52,590 $22,670 $29,920
Source: Public Records

Agents Affiliated with this Home

  • Nela Corcau

    Seller's Agent in 2021

    Nela Corcau

    @ Properties

    (847) 505-3699

    2 in this area

    28 Total Sales

    Nela Corcau
    Section Image

  • F

    Buyer's Agent in 2021

    Francisco Quintero, Jr.

    Golden Homes Real Estate Inc.

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11209257

Midwest Real Estate Data (MRED)

APN: 03-28-420-016

Illinois DuPage County Addison 60101

408 E Drake Ave, Addison, IL

Not Listed for Sale

Detached

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