NOT LISTED FOR SALE

4540 Forest Ave Downers Grove, IL 60515

Estimated Value: $762,993 - $873,000

4 Beds
2.5 Baths
2,392 Sq Ft
$337/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2021

Last sale price $629,500 $263 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,080 / mo

37 Days on Market

Highlights

  • Recreation Room
  • Breakfast Room
  • Central Air
  • Pierce Downer Elementary School Rated A-
  • 2 Car Detached Garage
  • Wood Burning Fireplace

About This Home

As of June 2021

Welcome home! 4540 Forest Ave offers an ease to everyday living few homes can match! A fabulous location for this lovely home that has a sunny, happy feel. Walk to sought after schools (Pierce Downer, Herrick and Downers North), the train for commuters and downtown Downers Grove and all it offers (shops, library, restaurants, parks). Main level offers dining and living space with a cozy fireplace and built-in bookshelves. Large bonus room off kitchen, great for playroom, work from home space or e-learning with an easy flow to the backyard. Kitchen features white cabinets, stainless steel appliances, and large bank of pantry cabinets. Bright second floor with 4 bedrooms. Primary suite has vaulted ceilings, built-in bookshelves and full, private en suite. The fully finished basement has rec room for kids to enjoy and 5th bedroom that could be used for workout room/home office, along with laundry, and storage. Professionally landscaped and fully fenced backyard. Brick paver patio in back is perfect for entertaining. Large 2 car garage with space for storage. This is a solid, well-built Sears home. Easy highway access and close to all the activities in the vibrant downtown including farmers markets, summer concerts and more. Don't miss out on all this amazing home has to offer!

Last Agent to Sell the Property

Caroline Neveril

@properties Christie?s International Real Estate License #475151540 Listed on: 04/01/2021

@properties Christie?s International Real Estate

Last Buyer's Agent

Kristina Toth

Baird & Warner License #475193980

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,009

Year Built

  • Built in 1927 | Remodeled in 2003

Lot Details

  • 6,582 Sq Ft Lot
  • Lot Dimensions are 50x132

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Cedar

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms

Schools

  • Pierce Downer Elementary School
  • Herrick Middle School
  • North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,009

Year Built

Built in 1927 | Remodeled in 2003

Lot Details

6,582 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2003
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2003

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • LivingArea: 2392
  • Room Type: Bedroom 5, Breakfast Room, Recreation Room
  • Estimated Total Finished Sq Ft: 3320
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 3320
  • Attic: Pull Down Stair

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Pierce Downer Elementary School
  • High School: North High School
  • Middle/Junior School: Herrick Middle School

Lot Info

  • Lot Size Acres: 0.1511
  • Lot Dimensions: 50X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 8009
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 29, 2021
Sold by
Morgan Camille H
Bought by
Nelson Kent and Nelson Stefani
Seller's Agent
Caroline Neveril
@properties Christie?s International Real Estate
Buyer's Agent
Kristina Toth
Baird & Warner
Sold Price
$629,500
Current Estimated Value
$804,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,498
Avg. Annual Appreciation
5.22%
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
Morgan Bruce W and Morgan Camille H
Bought by
Morgan Camille H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2005
Sold by
Dobransky Richard Robert and Dobransky Anne Marie
Bought by
Morgan Bruce W and Morgan Camille H

Purchase Details

Closed on
May 31, 1994
Sold by
Johnson Myrtle E
Bought by
Dobransky Richard Robert and Dobransky Anne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nelson Kent $629,500 Greater Illinois Title
Morgan Camille H -- Fidelity National Title
Morgan Bruce W $507,000 Atg
Dobransky Richard Robert $175,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Kent $548,250
Previous Owner Morgan Camille H $332,000
Previous Owner Dobransky Richard Robert $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $629,500 -3.0% $263 / Sq Ft
05/10/2021 05/10/21 For Sale -- -- --
05/08/2021 05/08/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $649,000 0.0% $271 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $649,000 -- $271 / 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
2024 $9,749 $178,291 $61,102 $117,189
2023 $9,267 $163,900 $56,170 $107,730
2022 $9,004 $158,980 $54,490 $104,490
2021 $8,427 $157,170 $53,870 $103,300
2020 $8,271 $154,050 $52,800 $101,250
2019 $8,009 $147,810 $50,660 $97,150
2018 $6,960 $130,300 $50,400 $79,900
2017 $6,534 $121,730 $48,500 $73,230
2016 $6,404 $116,180 $46,290 $69,890
2015 $6,331 $109,300 $43,550 $65,750
2014 $6,266 $103,200 $42,340 $60,860
2013 $6,137 $102,710 $42,140 $60,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11039089

Midwest Real Estate Data (MRED)

APN: 09-05-313-010

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