NOT LISTED FOR SALE

502 Sherman St Downers Grove, IL 60515

Estimated Value: $1,188,000 - $1,374,786

4 Beds
4 Baths
3,600 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $858,270 $238 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,456/month

83 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Double Oven
  • Lester Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Sterling Park

About This Home

As of July 2020

New Construction home Complete & Ready for Occupancy! Walk to Train location in desirable Lester Neighborhood! Beautiful doesn't even begin to describe this amazing home. Wide open hallways, 2nd story Grand Family Room, Separate Dining Room, Living Room, 1st Floor Office, & rich hardwood floors throughout the entire first floor. Home features 4 bedrooms, 3.5 Bath, 3 Car Garage, Full Basement with high ceilings (roughed for a future bathroom), & an extra large 82x132 lot. The first floor opens to the stunning chef's kitchen with double wall oven, all stainless steel appliances, & breakfast bar. Bright & spacious kitchen eating area is open to the grand family room and perfect for entertaining. Convenient sliding glass doors off the kitchen open to a beautiful deck overlooking the .25 acre yard. 1st floor office off the kitchen & mudroom off the 3 car garage add to the easy style of this home. Every element of this home was carefully executed & the craftsmanship shines through. 2nd floor features a luxury Master suite with vaulted ceilings, custom built closet shelving, spa-like bath with double sink vanity, soaking tub, & a walk-in shower with 2 shower heads. 2nd & 3rd bedrooms include walk-in closets & Jack-and-Jill bathroom. All spacious bedrooms with 3 full bathrooms on the 2nd floor. This home truly has it all! Amazing location blocks to Downers Grove Fairview Train stop, Lester Elementary School, & Hummer Park. Close to town, Herrick Middle, Downers North High School, shopping, & expressways. This home is a rare find & an amazing value. AGENTS AND/OR PERSPECTIVE BUYERS EXPOSED TO COVID 19 OR WITH A COUGH OR FEVER ARE NOT TO ENTER THE HOME UNTIL THEY RECEIVE MEDICAL CLEARANCE-

Last Agent to Sell the Property

Natalie Weber

Keller Williams Experience License #475141426 Listed on: 02/28/2020

Keller Williams Experience

Last Buyer's Agent

Natalie Weber

Keller Williams Experience License #475141426 Listed on: 02/28/2020

Keller Williams Experience

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,601

Year Built

  • 2019

Lot Details

  • Southern Exposure

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Vaulted Ceiling
  • Heatilator
  • Dining Area
  • Wood Flooring
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rough-In Basement Bathroom

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • $12,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,601

Year Built

2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service, Commuter Train, Interstate Access
  • Age: NEW Ready for Occupancy
  • New Construction: Y
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Unfinished Lower Sq Ft: 1400
  • Type Detached: 2 Stories
  • Estimated Year Built: 2019
  • Total Sq Ft: 1400
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2019

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Hardwood Floors, 1st Floor Laundry, Walk-In Closet(s)
  • Number Of Rooms: 9
  • Living Room: Dimensions: 11X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven-Double, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Cooktop, Range Hood
  • Fireplace Details: Heatilator Type System
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Unfinished, Bathroom Rough-In
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 11X7, On Level: Main Level, Flooring: Porcelain Tile
  • Dining Room: Dimensions: 11X16, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 17X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island
  • Additional Rooms: Eating Area
  • Master Bedroom: Dimensions: 18X18, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Eating Area, Dimensions: 17X10, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 15X12, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 13X11, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 3600
  • Dining Room Type: Separate
  • Family Room: Dimensions: 17X15, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Porch, Storms/Screens
  • Exposure: S (South)
  • Acreage: 0.25

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public, Sewer-Storm
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Assessed Sq Ft: 1295

Schools

  • School District: 99
  • Elementary School: Lester Elementary School
  • Middle School: Herrick Middle School
  • High School: North High School
  • Junior High Dist: 58

Lot Info

  • Lot Dimensions: 82X132
  • Parcel Identification Number: 0905416016

Tax Info

  • Taxes: 6964.80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 15, 2020
Sold by
Moss Sewer & Water Inc
Bought by
Cochran Brain J and Cochran Nicole N
Seller's Agent
Natalie Weber
Keller Williams Experience
Buyer's Agent
Natalie Weber
Keller Williams Experience
List Price
$875,000
Sold Price
$858,270
Premium/Discount to List
-$16,730
-1.91%
Current Estimated Value
$1,291,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,677
Avg. Annual Appreciation
6.68%
Original Mortgage
$686,616
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2018
Sold by
Greenwald Laura M and Greenwald Kevin W
Bought by
Moss Sewer & Water Inc

Purchase Details

Closed on
Mar 19, 2008
Sold by
Greenwald Kevin W and Greenwald Laura
Bought by
Greenwald Laura M and Scholz Werner H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,880
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 31, 2006
Sold by
Greenwald Kevin W
Bought by
Greenwald Kevin W and Greenwald Laura

Purchase Details

Closed on
May 17, 1996
Sold by
Anderson Arthur D and Connor Jo Ann
Bought by
Greenwald Kevin W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,650
Interest Rate
7.99%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cochran Brain J $858,500 Old Republic Title
Moss Sewer & Water Inc $85,000 First American Title
Greenwald Laura M -- Charter Title Llc
Greenwald Kevin W -- First American Title Ins Co
Greenwald Kevin W $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochran Brain J $686,616
Previous Owner Greenwald Laura M $194,880
Previous Owner Greenwald Kevin W $135,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $858,270 -0.8% $238 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
03/18/2020 03/18/20 Price Changed $865,000 -1.1% $240 / Sq Ft
02/28/2020 02/28/20 For Sale $875,000 -- $243 / 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 $19,601 $352,067 $96,499 $255,568
2023 $18,670 $323,650 $88,710 $234,940
2022 $17,556 $305,860 $84,000 $221,860
2021 $16,436 $300,840 $83,040 $217,800
2020 $15,682 $273,540 $81,400 $192,140
2019 $5,255 $93,050 $77,670 $15,380
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10650831

Midwest Real Estate Data (MRED)

APN: 09-05-416-031