NOT LISTED FOR SALE

4929 Forest Ave Unit 4B Downers Grove, IL 60515

Estimated Value: $757,000 - $834,000

2 Beds
2.5 Baths
2,585 Sq Ft
$654/mo HOA Fee

Last Sold May 11, 2022

Last sale price $630,000 $244 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,134/month

68 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to Downers Grove Main Street Station
  • Wood Flooring
  • Pierce Downer Elementary School Rated A-
  • Lock-and-Leave Community
  • 4-minute walk to Prince Pond

About This Home

As of May 2022

Welcome to 4929 Forest Ave where luxury living awaits. This beautiful penthouse unit features over 2500 square feet of luxury living. Open and airy and light and bright this southwest facing premier unit offers 2 large bedrooms PLUS a large office/den which could easily work as a 3rd bedroom if needed. Additional features include 2 heated garage spaces #13 & 14 (owned), hardwood floors, extensive millwork throughout, enormous walk in closets, Sub Zero and Thermador appliances, huge laundry room filled with additional cabinetry and a walk-in pantry. Both bedrooms have a private bath and there is an additional powder room for guests. Building offers a full exercise room plus a golf room for the golf enthusiast to work on your game all winter long. Private storage room on the units floor is so convenient. The best part of all is the location...1 block to the Main Street train station, Tivoli theater and all of the wonderful shopping and fantastic restaurants Downers Grove is known for. Welcome home!!!!

Last Agent to Sell the Property

Lesley Galligan

Baird & Warner License #475127141 Listed on: 02/04/2022

Baird & Warner

Last Buyer's Agent

Anne Madden

@properties Christie's International Real Estate License #475121825

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,313

Year Built

  • Built in 2008

Lot Details

  • 0.52

HOA Fees

  • $654 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,585 Sq Ft Home
  • Historic or Period Millwork
  • Ceiling height of 10 feet or more
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • End Unit

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, scavenger, snow removal
  • 28 Units
  • 4929 Forest Subdivision, Penthouse Floorplan
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Party Room
  • Elevator
  • Lobby
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Limit on the number of pets

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,313

Year Built

Built in 2008

Lot Details

0

HOA Fees

$654 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: 4929 Forest
  • Year Built: 2008
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Built-In Oven, Gas Cooktop
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors, Walk-In Closet(s), Ceiling - 10 Foot, Special Millwork, Drapes/Blinds, Granite Counters, Lobby
  • LivingArea: 2585
  • Room Type: Den, Foyer
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2585
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Window Features: Blinds

Exterior Features

  • ExteriorFeatures: Balcony, End Unit
  • List Price: 659000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Number Limit
  • Association Fee: 654
  • Association Amenities: Elevator(s), Exercise Room, Storage, Party Room, Security Door Lock(s), Ceiling Fan
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: -
  • Management Contact Name: -
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Scavenger, Snow Removal

Schools

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

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 13312.9
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
May 11, 2022
Sold by
Erickson Hubbard H and Erickson Joan C
Bought by
Kacholiya Family Agreement Of Trust and Kacholiya
Seller's Agent
Lesley Galligan
Baird & Warner
Buyer's Agent
Anne Madden
@properties Christie's International Real Estate
List Price
$699,000
Sold Price
$630,000
Premium/Discount to List
-$69,000
-9.87%
Current Estimated Value
$822,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,731
Avg. Annual Appreciation
7.27%

Purchase Details

Closed on
Mar 5, 2008
Sold by
4929 Forest Llc
Bought by
Erickson Hubbard H and Erickson Joan C
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
Kacholiya Family Agreement Of Trust $630,000 First American Title
Erickson Hubbard H $745,000 Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $630,000 -4.4% $244 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/31/2022 03/31/22 Price Changed $659,000 -5.7% $255 / Sq Ft
02/04/2022 02/04/22 For Sale $699,000 -- $270 / 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 $12,388 $232,386 $61,308 $171,078
2023 $11,748 $213,630 $56,360 $157,270
2022 $11,431 $205,220 $54,140 $151,080
2021 $10,697 $202,880 $53,520 $149,360
2020 $13,313 $198,860 $52,460 $146,400
2019 $12,852 $190,810 $50,340 $140,470
2018 $13,310 $195,460 $48,870 $146,590
2017 $12,859 $188,090 $47,030 $141,060
2016 $12,521 $179,500 $44,880 $134,620
2015 $12,242 $168,870 $42,220 $126,650
2014 $13,315 $178,570 $40,590 $137,980
2013 $13,082 $177,730 $40,400 $137,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11317779

Midwest Real Estate Data (MRED)

APN: 09-08-136-008