NOT LISTED FOR SALE

427 S Elmwood Ave Unit 2 Oak Park, IL 60302

Estimated Value: $174,000 - $181,000

2 Beds
1 Bath
900 Sq Ft
$331/mo HOA Fee

Last Sold March 08, 2024

Last sale price $155,000 $172 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,631/month

4 Days on Market

Highlights

  • Cul-De-Sac
  • Intercom
  • Combination Dining and Living Room
  • Longfellow Elementary School Rated A-
  • Storage
  • Ceiling Fan

About This Home

As of March 2024

Lovely 2 bedroom + 1 bath unit on a quiet cul-de-sac with assigned exterior parking spot and extra storage. Close to schools, grocery stores, public transportation and restaurants. New engineered wood floors were installed throughout in Nov 2023. Appliances were replaced in 2023 and unit has been recently painted. Great for investors as this unit can be rented! Also pet friendly!

Last Agent to Sell the Property

Lauren Burjan

@properties Christie's International Real Estate License #475189237 Listed on: 01/25/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Sylvana Menolascino

RE/MAX Enterprises License #475137109

RE/MAX Enterprises

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,381

Year Built

  • Built in 1980 | Remodeled in 2011

Lot Details

  • Cul-De-Sac

HOA Fees

  • $331 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 900 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage
  • Intercom

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom
  • Separate Shower

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 10 Units
  • Scott Mcnab Association, Phone Number (708) 406-7550
  • Property managed by Pennan Properties LLC

Pet Policy

  • Pets up to 99 lbs
  • Dogs and Cats Allowed

Security

  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,381

Year Built

Built in 1980 | Remodeled in 2011

Lot Details

0

HOA Fees

$331 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: 1980
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2011
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2011

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Storage
  • LivingArea: 900
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 155000
  • Lot Features: Cul-De-Sac
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 331
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Pennan Properties LLC
  • Management Contact Name: Scott McNab
  • Management Phone: 708-406-7550
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Middle/Junior School District: 97

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 99

Tax Info

  • Tax Annual Amount: 4380.98
  • Tax Year: 2022

Multi Family

  • Units in Building: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Mar 7, 2024
Sold by
Bender Alvie and Bender Wesley
Bought by
Sekhon Mandeep K
Seller's Agent
Lauren Burjan
@properties Christie's International Real Estate
Buyer's Agent
Sylvana Menolascino
RE/MAX Enterprises
List Price
$155,000
Sold Price
$155,000
Views
31
Current Estimated Value
$177,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,391
Avg. Annual Appreciation
8.69%
Original Mortgage
$155,000
Outstanding Balance
$152,096
Interest Rate
5.99%
Mortgage Type
VA
Estimated Equity
$25,295

Purchase Details

Listed on
Feb 4, 2019
Closed on
Mar 26, 2019
Sold by
Newnett I Llc
Bought by
Bender Alvie E
Seller's Agent
Scott McNab
Pennan Properties LLC
Buyer's Agent
Krystal Heredia
Coldwell Banker Realty
List Price
$110,000
Sold Price
$109,800
Premium/Discount to List
-$200
-0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$106,506
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2015
Sold by
Newnett Inc
Bought by
Newnett I Llc

Purchase Details

Closed on
Dec 27, 2012
Sold by
Gp2 427 S Elmwood Ave
Bought by
Newnett Inc

Purchase Details

Closed on
Jul 24, 2012
Sold by
Veasley Malikah
Bought by
427 S Elmwood Ave Gp 2

Purchase Details

Closed on
Jul 13, 2007
Sold by
Robinson David and Veasley Robinson Malikah
Bought by
Veasley Robinson Malikah

Purchase Details

Closed on
May 6, 2004
Sold by
Davidson Doug and Davidson Douglas G
Bought by
Davidson Doug and Dahlquist Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2003
Sold by
Albrecht Carol J
Bought by
Veasley Malikah
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
Sekhon Mandeep K $155,000 None Listed On Document
Bender Alvie E $110,000 Prairie Title
Newnett I Llc -- None Available
Newnett Inc $60,000 None Available
427 S Elmwood Ave Gp 2 $24,000 None Available
Veasley Robinson Malikah -- None Available
Davidson Doug -- Lawyers Title Ins
Veasley Malikah $150,000 Prairie Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sekhon Mandeep K $155,000
Previous Owner Bender Alvie E $106,506
Previous Owner Davidson Doug $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2024 03/08/24 Sold $155,000 0.0% $172 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $155,000 +41.2% $172 / Sq Ft
03/27/2019 03/27/19 Sold $109,800 -0.2% $122 / Sq Ft View Prior Sale
02/22/2019 02/22/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $110,000 -- $122 / 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 $4,348 $13,340 $1,239 $12,101
2023 $4,381 $13,339 $1,238 $12,101
2022 $4,381 $11,410 $774 $10,636
2021 $4,269 $11,409 $774 $10,635
2020 $4,165 $11,409 $774 $10,635
2019 $2,586 $10,169 $707 $9,462
2018 $2,487 $10,169 $707 $9,462
2017 $2,454 $10,169 $707 $9,462
2016 $3,461 $11,097 $597 $10,500
2015 $3,056 $11,097 $597 $10,500
2014 $3,054 $11,681 $597 $11,084
2013 -- $9,253 $597 $8,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11967510

Midwest Real Estate Data (MRED)

APN: 16-07-422-032-1007