NOT LISTED FOR SALE

502 W 3rd St Elmhurst, IL 60126

Estimated Value: $492,000 - $653,000

3 Beds
2 Baths
1,251 Sq Ft
$467/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $535,000 $428 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,867/month

17 Days on Market

Highlights

  • Property is near a park
  • Ranch Style House
  • Formal Dining Room
  • Hawthorne Elementary School Rated A
  • Home Gym
  • 2.5 Car Detached Garage

About This Home

As of August 2024

Beautifully updated and meticulously maintained brick ranch. This home has plenty of living space & an abundance of storage. Newly remodeled basement (2022) with full bath, exercise room (possible 4th bedroom or office) and large closets with plenty of storage. Relax and entertain this summer in your fully fenced beautifully landscaped yard with stunning paver patio (2020) & fire pit behind garage for much added privacy! Furnace and A/C 2016. Roof tear-off 2014. Located in one of Elmhurst's prime neighborhoods. Walking distance to a recently renovated Salt Creek Park, town, Metra, dining, and shopping. Please note for showings that home has audio/video recording equipment.

Last Agent to Sell the Property

Kimberly Engelhardt

Lori Bonarek Realty License #475156135 Listed on: 05/03/2024

Last Buyer's Agent

Carrie Goodman

@properties Christie?s International Real Estate License #475132705

@properties Christie?s International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,214

Year Built

  • Built in 1962

Lot Details

  • 9,296 Sq Ft Lot
  • Lot Dimensions are 60x153
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,251 Sq Ft Home
  • Formal Dining Room
  • Home Gym

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Location

  • Property is near a park

Schools

  • Hawthorne Elementary School
  • Sandburg Middle School
  • York Community High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,214

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1251
  • Room Type: Exercise Room
  • Estimated Total Finished Sq Ft: 2011
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2502
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Hawthorne Elementary School
  • High School: York Community High School
  • Middle/Junior School: Sandburg Middle School

Lot Info

  • Lot Size Acres: 0.2134
  • Lot Dimensions: 60X153
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7214
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Aug 13, 2024
Sold by
Phillips Denise L
Bought by
Balko Clayton David
Seller's Agent
Kimberly Engelhardt
Lori Bonarek Realty
Buyer's Agent
Carrie Goodman
@properties Christie?s International Real Estate
List Price
$535,000
Sold Price
$535,000
Views
68
Current Estimated Value
$584,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,171
Avg. Annual Appreciation
6.94%
Original Mortgage
$374,500
Outstanding Balance
$370,469
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$213,702

Purchase Details

Listed on
Jul 11, 2018
Closed on
Oct 12, 2018
Sold by
Pachay John A and Pachay Virginia F
Bought by
Phillips Denise L
Seller's Agent
Kevin Connell
L.W. Reedy Real Estate
Buyer's Agent
Kimberly Engelhardt
Lori Bonarek Realty
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$316,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2003
Sold by
Pachay John A and Pachay Virginia F
Bought by
Pachay John A and Pachay Virginia F

Purchase Details

Closed on
Mar 26, 2003
Sold by
Hill Robert and Legere John
Bought by
Pachay John A and Pachay Virginia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.94%

Purchase Details

Closed on
Mar 28, 2002
Sold by
Hill Robert
Bought by
Hill Robert and Legere John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.75%

Purchase Details

Closed on
Mar 2, 2002
Sold by
Bach Rosemarie
Bought by
Hill Bob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Balko Clayton David $535,000 Fidelity National Title
Phillips Denise L $340,000 Attorneys Title Guaranty Fun
Pachay John A -- --
Pachay John A $334,000 Ticor
Hill Robert -- Ctic
Hill Bob $210,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balko Clayton David $374,500
Previous Owner Phillips Denise L $316,200
Previous Owner Pachay John A $160,000
Previous Owner Hill Bob $199,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2024 08/16/24 Sold $535,000 0.0% $428 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $535,000 +57.4% $428 / Sq Ft
10/12/2018 10/12/18 Sold $340,000 -5.5% $272 / Sq Ft View Prior Sale
09/13/2018 09/13/18 Pending -- -- --
08/22/2018 08/22/18 Price Changed $359,900 -2.7% $288 / Sq Ft
07/26/2018 07/26/18 Price Changed $369,900 -1.4% $296 / Sq Ft
07/11/2018 07/11/18 For Sale $375,000 -- $300 / 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 $9,646 $168,049 $107,610 $60,439
2023 $8,949 $155,400 $99,510 $55,890
2022 $7,214 $124,970 $95,660 $29,310
2021 $7,033 $121,860 $93,280 $28,580
2020 $6,758 $119,190 $91,240 $27,950
2019 $6,611 $113,320 $86,750 $26,570
2018 $7,716 $135,550 $82,120 $53,430
2017 $7,817 $133,680 $78,250 $55,430
2016 $7,630 $125,940 $73,720 $52,220
2015 $7,526 $117,330 $68,680 $48,650
2014 $6,797 $94,200 $54,520 $39,680
2013 $6,725 $95,530 $55,290 $40,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12043712

Midwest Real Estate Data (MRED)

APN: 06-02-107-002