NOT LISTED FOR SALE

483 W Commonwealth Ln Elmhurst, IL 60126

Estimated Value: $638,000 - $723,000

5 Beds
3.5 Baths
2,704 Sq Ft
$249/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $530,000 $196 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,423/month

Highlights

  • 0.42 Acre Lot
  • Community Lake
  • Family Room with Fireplace
  • Stella May Swartz Elementary School Rated A-
  • Property is near a park
  • 5-minute walk to Eldridge Park

About This Home

As of November 2022

Architecturally designed, custom built, sun-filled, 5 bedroom, 3.5 bath home on quiet cul-de-sac with beautiful yard of .42 acres. 4,000 sq ft of finished living space needs updating. Great home with large rooms. First floor features generous formal living room with picture windows and gas log fireplace. Separate large dining room has sliding glass doors to patio. Spacious kitchen features large peninsula, breakfast room, pantry closets, and built-in desk. Large laundry area and half bath complete the first floor. Beautiful staircase leads to second floor with generous master bedroom containing two double door closets and full master bath. Second floor also includes four additional bedrooms with double door closets, full bath, and large hallway closet. Spacious family room in basement features large antique wet bar, wood burning fireplace, room for pool table, and walk-out to lower-level patio area and backyard. Office, full bath, storage, and utility area with space for workbench complete the basement. Home also features attached two car garage, beautiful gardens, and tree lined yard. Close to park with pond, playground, and trails for walking and biking. Near to schools, shopping, restaurants, and expressways. Home is being sold AS-IS.

Last Agent to Sell the Property

Ruth Proctor

Coldwell Banker Realty License #471000924 Listed on: 11/10/2022

Coldwell Banker Realty

Last Buyer's Agent

Joel Zielke

Berkshire Hathaway HomeServices Prairie Path REALT License #475171104

Berkshire Hathaway HomeServices Prairie Path REALT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,886

Year Built

  • Built in 1974

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 27x119x125x25x25x155x131x17
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 2.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,704 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Lower Floor Utility Room
  • Wood Flooring
  • Unfinished Attic

Kitchen

  • <<doubleOvenToken>>
  • Cooktop<<rangeHoodToken>>
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Finished Basement Bathroom

Home Security

  • Home Security System
  • Storm Screens

Schools

  • Salt Creek Elementary School
  • John E Albright Middle School
  • Willowbrook High School

Utilities

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

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Community Lake

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,886

Year Built

Built in 1974

Lot Details

0

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: 1974
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Range Hood
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Finished Sq Ft: 1352
  • Fireplace Features: Wood Burning, Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, Hardwood Floors, First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 2704
  • Other Equipment: Humidifier, Security System, Sump Pump, Backup Sump Pump;
  • Room Type: Bedroom 5, Breakfast Room, Office, Utility Room-Lower Level
  • Estimated Total Finished Sq Ft: 4056
  • Basement Description: Finished,Exterior Access
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2704
  • Basement Sq Ft: 1352
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 4056
  • Upper Level Sq Ft: 1352
  • Attic: Unfinished
  • Main Level Sq Ft: 1352
  • Bathroom: Full
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 550000
  • Lot Features: Cul-De-Sac, Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

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

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Salt Creek Elementary School
  • High School: Willowbrook High School
  • Middle/Junior School: John E Albright Middle School
  • Middle/Junior School District: 48

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.416
  • Lot Dimensions: 27X119X125X25X25X155X131X17
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8886.22
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Oct 20, 2022
Sold by
Patricia S Staats Revocable Trust
Bought by
Ohm Trenton and Ohm Elisabeth
Seller's Agent
Ruth Proctor
Coldwell Banker Realty
Buyer's Agent
Joel Zielke
Berkshire Hathaway HomeServices Prairie Path REALT
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Current Estimated Value
$673,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,675
Avg. Annual Appreciation
8.00%
Original Mortgage
$265,000
Outstanding Balance
$258,005
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$393,412

Purchase Details

Closed on
Aug 22, 2016
Sold by
Chicago Title Land Trust Company
Bought by
Staats Patricia S and Patricia S Staats Revocable Trust
Source: Public Records

Range of Values:

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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
Ohm Trenton $530,000 Beneficial Title
Staats Patricia S -- Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohm Trenton $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $530,000 -3.6% $196 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
11/10/2022 11/10/22 For Sale $550,000 -- $203 / 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
2023 $8,422 $174,910 $54,670 $120,240
2022 $8,736 $187,020 $52,550 $134,470
2021 $10,301 $209,650 $78,520 $131,130
2020 $10,190 $205,060 $76,800 $128,260
2019 $9,789 $194,960 $73,020 $121,940
2018 $9,485 $184,550 $69,120 $115,430
2017 $9,336 $175,870 $65,870 $110,000
2016 $8,788 $165,680 $62,050 $103,630
2015 $7,436 $154,350 $57,810 $96,540
2014 $7,799 $134,150 $52,770 $81,380
2013 $7,721 $136,040 $53,510 $82,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11481143

Midwest Real Estate Data (MRED)

APN: 06-14-300-023