$249,999
OPEN SUN 1PM - 4PM

502 Redondo Dr Unit 502 Downers Grove, IL 60516

Estimated payment $1,942/month

Total Views 716
2 Beds
1.5 Baths
1,024 Sq Ft
$244 Price per Sq Ft

Highlights

  • Popular Property
  • Landscaped Professionally
  • Balcony
  • Prairieview Elementary School Rated A-
  • Wood Flooring
  • Laundry Room

About This Home

THE best condo in the complex is now for sale, not to be missed! Top floor, no neighbors above, a true gem with access to its 30 ft long balcony from each room, the easier to enjoy sunny days outside year-round due to its perfect southern exposure. This immaculate condo features in-unit washer and dryer, updated bathrooms, fresh paint and newer SS appliances. The kitchen has a built-in panelled dishwasher, oversized farmhouse sink, butcher block countertops and leads to a generous-sized dining area with built-in wine rack. HOA monthly assessment includes everything, the owner pays only for electricity! This building does NOT have the master HOA additional assessment, hence the lower monthly. Included are a heated 1 car parking in garage, with storage cabinets on the wall PLUS a separate storage locker. A very well-maintained, secure building backing out to a gorgeous nature and lake area with tons of greenspace. Nothing to do-just to move in! Welcome home.

Listing Agent

Charles Nicholson

Nicholson Real Estate Inc. License #471006150 Listed on: 10/15/2025

Open House Schedule

  • Sunday, October 19, 2025
    1:00 to 4:00 pm
    10/19/2025 1:00:00 PM +00:00
    10/19/2025 4:00:00 PM +00:00

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,943

Year Built

  • Built in 1969

HOA Fees

  • $371 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Included in Price

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Flexicore

Interior Spaces

  • 1,024 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Family Room
  • Combination Dining and Living Room
  • Storage
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Mirrored Closets Doors

Schools

  • Elizabeth Ide Elementary School
  • Lakeview Junior High School
  • South High School

Utilities

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

Additional Features

  • Balcony
  • Landscaped Professionally

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 60 Units
  • Rob Association, Phone Number (630) 588-9500
  • Lake In The Woods Subdivision, Condo Floorplan
  • Property managed by Redbrick Property Management

Amenities

  • Common Area

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,943

Year Built

Built in 1969

Lot Details

0

HOA Fees

$371 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 5
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Lake in the Woods
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Mirrored Closet Door(s), Sliding Doors, Sliding Glass Door(s)
  • Flooring: Hardwood
  • Interior Amenities: Elevator, Storage, Flexicore
  • LivingArea: 1024
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Wood Laminate

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds, Landscaped
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, Heated Garage, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 1

Utilities

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

Condo/Co-op/Association

  • Association Fee: 371
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site,Monday through Friday
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Redbrick Property Management
  • Management Contact Name: Rob
  • Management Phone: 630-588-9500

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Elizabeth Ide Elementary School
  • High School: South High School
  • Middle/Junior School: Lakeview Junior High School

Lot Info

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

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2943
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 60

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,943 $60,253 $9,823 $50,430
2023 $2,796 $55,390 $9,030 $46,360
2022 $2,556 $49,850 $8,130 $41,720
2021 $2,330 $49,290 $8,040 $41,250
2020 $2,285 $48,310 $7,880 $40,430
2019 $2,198 $46,350 $7,560 $38,790
2018 $1,936 $40,840 $6,660 $34,180
2017 $1,686 $36,310 $6,410 $29,900
2016 $1,925 $34,660 $6,120 $28,540
2015 $1,903 $32,610 $5,760 $26,850
2014 $2,014 $34,100 $6,020 $28,080
2013 $1,686 $33,940 $5,990 $27,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2025 10/15/25 For Sale $249,999 +85.2% $244 / Sq Ft
08/08/2016 08/08/16 Sold $135,000 -3.6% -- View Prior Sale
07/19/2016 07/19/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $140,000 +60.9% --
09/18/2013 09/18/13 Sold $87,000 -3.2% -- View Prior Sale
08/13/2013 08/13/13 Pending -- -- --
08/06/2013 08/06/13 Price Changed $89,900 -10.0% --
07/10/2013 07/10/13 For Sale $99,900 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 First American Title
Special Warranty Deed $87,000 First American Title Company
Sheriffs Deed -- None Available
Warranty Deed $170,000 Ticor Title Insurance Compan
Warranty Deed $125,000 --
Warranty Deed $110,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $121,500 New Conventional
Previous Owner $65,250 New Conventional
Previous Owner $136,000 Fannie Mae Freddie Mac
Previous Owner $116,750 Purchase Money Mortgage
Previous Owner $104,500 Purchase Money Mortgage
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12495908

Midwest Real Estate Data (MRED)

APN: 09-32-218-051