NOT LISTED FOR SALE

4524 Sterling Rd Downers Grove, IL 60515

Estimated Value: $1,425,000 - $1,866,000

5 Beds
5 Baths
5,329 Sq Ft
$309/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $1,425,000 $267 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $10,570/month

3 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Property is near a park
  • Lester Elementary School Rated A-
  • Deck
  • 2-minute walk to Sterling Park

About This Home

As of August 2022

*Multiple Offers Received* Home is Framed & Under Roof. Buyer Walk-throughs are NOW available! Rare Find Luxury New Construction Home with Finished WALKOUT Basement in Award Winning DG North Schools (Lester Elementary, Herrick Middle, & DG North High School). Home is Under Construction and delivered by seasoned & Highly Respected Builder with an estimated end of August 2022 completion. 5,329 sq. ft. of FINISHED LIVING SPACE on a rare 50x149 Deep Lot. High End Finishes already included and many Customizations are available. High End Appliances, Upgraded Trim Package, Solid Core 2 Panel Doors, White Oak Hardwood Floors, Custom Details Throughout, Large Footprint, and Buyer can select their colors, fixtures, tile, cabinet colors, countertops, and more. Ideal location on a very friendly & fun street just 1 Mile to Downtown Downers Grove, Main Street BNSF Express Train Station, 4 Blocks to Lester Elementary School, and close to Herrick Middle & DG North High School. Highest quality craftsmanship and the ideal open layout with 3,771 s. ft. of above grade finished living area. High ceilings, 5 Bedrooms, 5 Full Bathrooms, 1st Floor Office, Chef's Kitchen with Grand Island, Custom Built-ins, Custom Cabinetry, Upgraded Trim Package, Incredible Deep Pour Finished Walkout Basement with Dry bar and Bed Room, and so much more. This is the custom home opportunity you have been waiting for. Modern finishes with old word details and high end throughout. Exquisite home features a large gourmet kitchen with Custom Stacked Cabinetry Trimmed to the Ceiling, walk-in pantry, Butler's pantry with beverage center pass through from kitchen to dining room, grand island with breakfast bar, quartz countertops, High End Appliances with Double Oven, and large scale side by side FULL fridge & FULL Freezer combo with Trim Kit. Kitchen includes a walkout Trex Deck with Stairs leading to the Walkout Finished Basement Patio. This home is perfect for entertaining and every day enjoyment. Oversized crown moldings, solid oak hardwood floors, and 1st floor FULL bath. Family room showcases a beautiful fire place, Coffered Ceiling, & built-in cabinetry with shiplap wall detail. First floor study with glass french doors. Luxurious Primary Suite features expansive custom walk-in closet, and stunning ensuite bathroom with marble tile, walk-in custom framless shower, & lavish spa soaking tub. 2nd floor includes laundry room with custom cabinetry & sink, & 3 additional large bedrooms all with ensuite baths, walk-in closets, and tray/vaulted ceilings. Mud room with built-ins and sink off the 2.5 car garage. Deep pour WALKOUT finished basement is absolutely incredible & truly rare. Finished walkout Basement includes a Large Recreation Room, Bed Room, Dry bar beverage center, Full Bathroom, storage room, and walkout to the patio. High End Low E Insulated Aluminum Clad Windows, upgraded energy efficient build and Metal Accent Roof over the Front Porch. There is still time to make this your DREAM HOME! Photos are of a previous build in Downers Grove with similar layout & features. Contact listing agent for details on all the possibilities of this incredible property and specifications sheet.

Last Agent to Sell the Property

Natalie Weber

Keller Williams Experience License #475141426 Listed on: 03/31/2022

Keller Williams Experience

Last Buyer's Agent

Tabitha Murphy

Berkshire Hathaway HomeServices Chicago License #475132363

Berkshire Hathaway HomeServices Chicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,636

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 7,462 Sq Ft Lot
  • Lot Dimensions are 50x149
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,329 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Dry Bar
  • Historic or Period Millwork
  • Coffered Ceiling
  • Vaulted Ceiling
  • Skylights
  • Heatilator
  • Mud Room
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Range with Range Hood
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Sink Near Laundry
  • Gas Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • Sump Pump
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage
  • Basement Window Egress

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property is near a park

Schools

  • Lester Elementary School
  • Herrick Middle School
  • North High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,636

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: Yes
  • Property Sub-Type: 2 Stories
  • Year Built: 2022
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New/Proposed Construction Options: Hardwood/Ceramic Floors,Landscaping,Upgrade Carpet/Pad/Vinyl,Lighting Allowance,Flooring Allowance,Upgraded Cabinets And Counters,Floor Plan Modifications Allowed
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Gas Oven
  • Basement: Full, Walkout
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Below Grade Finished Sq Ft: 1558
  • Fireplace Features: Heatilator
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Dry, Hardwood Floors, Second Floor Laundry, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Ceiling - 9 Foot, Coffered Ceiling(s), Open Floorplan, Special Millwork, Separate Dining Room
  • LivingArea: 5329
  • Other Equipment: Humidifier, CO Detectors, Sump Pump
  • Room Type: Office, Eating Area, Mud Room, Pantry, Bedroom 5, Recreation Room
  • Estimated Total Finished Sq Ft: 5329
  • Basement Description: Finished,Exterior Access,Egress Window,Rec/Family Area,Storage Space,Walk-Up Access
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3771
  • Basement Sq Ft: 1558
  • Fireplace Location: Family Room
  • Total Sq Ft: 5329
  • Upper Level Sq Ft: 2145
  • Main Level Sq Ft: 1626
  • Existing Basement/Foundation: No
  • Bathroom: Full
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Deck, Patio, Porch, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 1325000
  • Roof: Asphalt, Metal
  • Waterfront: No
  • Exterior Building Type: Frame,Other,Fiber Cement

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Zoned
  • Laundry Features: Gas Dryer Hookup, In Unit, Sink
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Sidewalks, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lester Elementary School
  • High School: North High School
  • Middle/Junior School: Herrick Middle School
  • Middle/Junior School District: 58

Lot Info

  • Lot Size Acres: 0.1713
  • Lot Dimensions: 50X149
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4636
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Aug 18, 2022
Sold by
Misty Harbor Builders Inc
Bought by
Bauer Mark and Bauer Elizabeth
Seller's Agent
Natalie Weber
Keller Williams Experience
Buyer's Agent
Tabitha Murphy
Berkshire Hathaway HomeServices Chicago
List Price
$1,325,000
Sold Price
$1,425,000
Premium/Discount to List
$100,000
7.55%
Current Estimated Value
$1,647,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,247
Avg. Annual Appreciation
2.55%
Original Mortgage
$1,140,000
Outstanding Balance
$1,098,610
Interest Rate
5.51%
Mortgage Type
Balloon
Estimated Equity
$439,986

Purchase Details

Listed on
Aug 10, 2021
Closed on
Sep 11, 2021
Sold by
Brashear Elizabeth and Estate Of John F Tschanz
Bought by
Misty Harbor Builders Inc
Seller's Agent
Tom Hodge
@properties Christie's International Real Estate
Buyer's Agent
Natalie Weber
Keller Williams Experience
List Price
$274,900
Sold Price
$280,000
Premium/Discount to List
$5,100
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
486.28%
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
Bauer Mark $1,425,000 Fidelity National Title
Misty Harbor Builders Inc $280,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Mark $1,140,000
Previous Owner Misty Harbor Builders Inc $740,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $1,425,000 +7.5% $267 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $1,325,000 +373.2% $249 / Sq Ft
09/17/2021 09/17/21 Sold $280,000 +1.9% $249 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $274,900 -- $245 / 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 $19,973 $356,874 $62,918 $293,956
2023 $19,026 $328,070 $57,840 $270,230
2022 $3,224 $54,780 $54,770 $10
2021 $4,502 $91,760 $54,150 $37,610
2020 $4,636 $93,990 $53,080 $40,910
2019 $4,472 $90,180 $50,930 $39,250
2018 $4,178 $84,100 $50,640 $33,460
2017 $4,029 $80,930 $48,730 $32,200
2016 $3,928 $77,240 $46,510 $30,730
2015 $3,857 $72,670 $43,760 $28,910
2014 $3,462 $64,710 $38,680 $26,030
2013 $3,390 $64,410 $38,500 $25,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11362165

Midwest Real Estate Data (MRED)

APN: 09-05-409-016