NOT LISTED FOR SALE

4929 Forest Ave Unit 4E Downers Grove, IL 60515

Estimated Value: $567,000 - $673,000

2 Beds
2 Baths
1,890 Sq Ft
$574/mo HOA Fee

Last Sold May 20, 2024

Last sale price $579,000 $306 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,747/month

26 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 2024

This gorgeous top floor 2 bed, 2 bath ELEVATOR building condominium unit is one of the most amazingly unique properties you will ever see. Enjoy a cup of coffee or a cocktail on your airy, generously sized southeast facing balcony that overlooks downtown Downers Grove! With an open concept layout, the kitchen provides the perfect space for entertaining or relaxing. There is SO MUCH storage in the 42" cabinets and large pantry. The spacious primary bedroom has a beautiful en suite bathroom with an enormous walk-in closet. Enjoy 2 parking spots in the heated garage, a large in-unit laundry room, a 2nd walk-in closet as big as a bedroom, and so much space with over 1,800 square feet of living space. The living room has built-in speakers! Each floor of the building has a room for fun - for example a golf room, an exercise room, a billiards room and a meeting/gathering room. You will LOVE this building and the proximity to the train station, free concerts in Fishel Park every summer, the Farmer's Market starting in May, movies at the Tivoli, the wooded walk through Gilbert Park, countless restaurants and the adorable shops of Downers Grove!

Last Agent to Sell the Property

Kim Moustis

Keller Williams Experience License #471002224 Listed on: 04/18/2024

Keller Williams Experience

Co-Listed By

Lauren Borjon

Keller Williams Experience License #475168709

Last Buyer's Agent

Slav Polinski

@properties Christie's International Real Estate License #475156246

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,679

Year Built

  • Built in 2008

Lot Details

  • 0.52

HOA Fees

  • $574 Monthly HOA Fees

Parking

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

Home Design

  • Brick or Stone Mason
  • Flexicore

Interior Spaces

  • 1,890 Sq Ft Home
  • Entrance Foyer
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, security, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
  • 28 Units
  • Miranda Richer Association, Phone Number (630) 530-1122
  • 4929 Forest Subdivision
  • Property managed by Vista Property Management
  • Lock-and-Leave Community
  • 5-Story Property

Amenities

  • Party Room
  • Community Storage Space
  • Elevator

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

$8,679

Year Built

Built in 2008

Lot Details

0

HOA Fees

$574 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: 16-20 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
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Elevator, Hardwood Floors, Laundry Hook-Up in Unit, Storage, Flexicore
  • LivingArea: 1890
  • Room Type: Foyer, Balcony/Porch/Lanai, Walk In Closet
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Bathroom Amenities: Separate Shower,Double Sink
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 565000
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 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: 574
  • Association Amenities: Elevator(s), Exercise Room, Storage, Party Room, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Vista Property Management
  • Management Contact Name: Miranda Richer
  • Management Phone: 630-530-1122X113
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Security, Exercise Facilities, Exterior Maintenance, Lawn Care, 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

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 8679.22
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 7, 2024
Sold by
Higley Michael A and Higley Carol C
Bought by
Asmuth Thomas J and Asmuth Patricia E
Seller's Agent
Kim Moustis
Keller Williams Experience
Buyer's Agent
Slav Polinski
@properties Christie's International Real Estate
List Price
$565,000
Sold Price
$579,000
Premium/Discount to List
$14,000
2.48%
Views
136
Current Estimated Value
$625,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,539
Avg. Annual Appreciation
3.50%

Purchase Details

Closed on
Apr 8, 2021
Sold by
Potts Kenneth C and Swinford Potts Tamera
Bought by
Higley Michael A and Higley Carol C

Purchase Details

Closed on
Aug 1, 2011
Sold by
Forest Dg Llc
Bought by
Potts Kenneth C and Swinford Potts Tamera R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 29, 2011
Sold by
Lasalle 115 Holdings Llc Series 9 Forest
Bought by
Forest Dg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 17, 2010
Sold by
4929 Forest Llc
Bought by
Lasalle 115 Holdings Llc Series 9 Forest and Harris Na
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
Asmuth Thomas J $579,000 Chicago Title Insurance Compan
Higley Michael A $483,000 Chicago Title
Potts Kenneth C $352,500 Ctic
Forest Dg Llc $218,000 Ctic
Lasalle 115 Holdings Llc Series 9 Forest -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Potts Kenneth C $0
Previous Owner Potts Kenneth $235,000
Previous Owner Potts Kenneth C $235,000
Previous Owner Potts Kenneth C $273,805
Previous Owner Potts Kenneth C $280,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $579,000 +2.5% $306 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $565,000 -- $299 / 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 $9,491 $173,787 $43,447 $130,340
2023 $9,021 $159,760 $39,940 $119,820
2022 $8,679 $153,470 $38,370 $115,100
2021 $7,845 $151,720 $37,930 $113,790
2020 $9,760 $148,720 $37,180 $111,540
2019 $9,413 $142,690 $35,670 $107,020
2018 $9,202 $138,530 $34,630 $103,900
2017 $8,880 $133,300 $33,320 $99,980
2016 $8,636 $127,220 $31,800 $95,420
2015 $8,816 $119,690 $29,920 $89,770
2014 $8,836 $117,200 $26,640 $90,560
2013 $8,682 $116,650 $26,510 $90,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12012871

Midwest Real Estate Data (MRED)

APN: 09-08-136-019