NOT LISTED FOR SALE

50 Forest Gate Cir Oak Brook, IL 60523

Estimated Value: $1,593,697 - $2,023,000

3 Beds
4.5 Baths
3,645 Sq Ft
$498/Sq Ft Est. Value

Last Sold November 05, 2019

Last sale price $1,225,000 $336 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $11,819/month

21 Days on Market

Highlights

  • Waterfront
  • Game Room
  • 2 Car Attached Garage
  • Brook Forest Elementary School Rated A
  • Breakfast Room
  • Library

About This Home

As of November 2019

Take advantage of this opportunity to take up residence in the sought after maintenance free Forest Gate community. This home has been elegantly updated and shows and looks like new. It features a Magnificent Master Bedroom and Bath on the first floor with 2 additional Bedrooms En Suite on the second floor. As an extra bonus, there is a 4th Bedroom and Bath on the lower level for your guests. Custom Joliet Cabinetry throughout. Entertain family and friends in the Game Room and catch all of your favorite sports and shows as you relax at your spacious bar. Enjoy the serenity of sitting on your deck with the view of the scenic pond. Close to Oak Brook Shopping, Restaurants and access to Downtown Chicago.

Last Agent to Sell the Property

James Gannon

JXG Realty License #471003862 Listed on: 08/22/2019

Last Buyer's Agent

Robert Bakas

Keller Williams Premiere Properties License #471021419

Keller Williams Premiere Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,447

Year Built

  • Built in 2004

Lot Details

  • 4,055 Sq Ft Lot
  • Waterfront

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Interior Spaces

  • 3,645 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Library
  • Game Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

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

Community Details

  • Association fees include insurance, security, exterior maintenance, lawn care, snow removal
  • Matthew Chojnowski Association, Phone Number (630) 323-8810
  • Property managed by Oak and Dale Properties

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,447

Year Built

Built in 2004

Lot Details

0

HOA Fees

$700 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2004
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Adult Community
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, English
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 3
  • LivingArea: 3645
  • Room Type: Breakfast Room, Library, Game Room, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3645
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 1329000
  • Waterfront: Yes
  • Exterior Building Type: Brick,Stucco,Stone

Garage/Parking

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

Utilities

  • Sewer: Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 8400
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Management Company: Oak and Dale Properties
  • Management Contact Name: Matthew Chojnowski
  • Management Phone: 630-323-8810
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance, Security, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Middle/Junior School District: 53

Lot Info

  • Lot Size Acres: 0.0931
  • Lot Dimensions: 4055
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 14446.76
  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2019
Closed on
Oct 16, 2019
Sold by
Schumacher Thomas M
Bought by
Fogg Cynthia M and Fogg Deborah A
Seller's Agent
James Gannon
JXG Realty
Buyer's Agent
Robert Bakas
Keller Williams Premiere Properties
List Price
$1,329,000
Sold Price
$1,225,000
Premium/Discount to List
-$104,000
-7.83%
Current Estimated Value
$1,816,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,674
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Feb 23, 2010
Sold by
Nemeth Steven S and Iaquinta Terry M
Bought by
Schumacher Thomas M and Thomas M Schumacher Revocable Trust

Purchase Details

Closed on
Mar 30, 2005
Sold by
Nemeth Steven
Bought by
Iaquinta Terry M and Circle Forestgate Deed Of Settlement

Purchase Details

Closed on
Jun 23, 2004
Sold by
Forest Gate Inc
Bought by
Nemeth Steven and Iaquinta Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Fogg Cynthia M $1,225,000 Chicago Title
Schumacher Thomas M $1,800,000 Premier Title
Nemeth Steven S -- Premier Title
Iaquinta Terry M -- --
Nemeth Steven $1,567,000 Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nemeth Steven $983,000
Previous Owner Nemeth Steven $980,000
Previous Owner Nemeth Steven $980,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2019 11/05/19 Sold $1,225,000 -7.8% $336 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $1,329,000 -- $365 / 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 $14,869 $414,887 $141,804 $273,083
2023 $15,834 $426,150 $131,130 $295,020
2022 $15,278 $419,100 $126,050 $293,050
2021 $14,591 $408,680 $122,920 $285,760
2020 $14,639 $399,730 $120,230 $279,500
2019 $13,935 $380,040 $114,310 $265,730
2018 $12,636 $359,750 $108,210 $251,540
2017 $14,447 $418,080 $125,760 $292,320
2016 $14,974 $424,430 $118,470 $305,960
2015 $14,776 $395,410 $110,370 $285,040
2014 $11,039 $287,150 $112,910 $174,240
2013 $10,949 $291,200 $114,500 $176,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10494273

Midwest Real Estate Data (MRED)

APN: 06-26-301-092