NOT LISTED FOR SALE

5026 Commonwealth Ave Unit 502 Western Springs, IL 60558

Forest Hills Neighborhood

Estimated Value: $528,000 - $608,000

2 Beds
2.5 Baths
3,755 Sq Ft
$154/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $470,000 $125 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,341/month

9 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Loft
  • Forest Hills Elementary School Rated A
  • Main Floor Bedroom
  • Breakfast Room

About This Home

As of June 2023

Welcome to the Commonwealth, where you'll find a townhome that's more than just a home, it's a lifestyle! The serene setting close to the creek provides an abundance of wildlife to enjoy, making it a nature lover's dream. Plus, the location is unbeatable! You're at the epicenter of Hinsdale, Western Springs, La Grange, and Burr Ridge, making it easy to get anywhere. This stunning townhome boasts a first-floor master bedroom with a bathroom suite and multiple walk-in closets, providing the ultimate in convenience and luxury. You'll love the first-floor laundry room, adjoining the primary bedroom suite. The second floor is a large open-concept space that was originally designed for two bedrooms and a full bath, but has been converted to accommodate your every need. Whether you want an office, fitness room, or group-sleeping space, the possibilities are endless. The updated kitchen features high-end appliances, making meal prep and entertaining a delight. The basement is a large and unfinished space with great ceiling heights, offering unlimited potential for unbridled family fun. The house has been meticulously maintained, so all you need to do is move in and start enjoying. With award-winning schools in the area, you don't want to miss out on the opportunity to make this stunning townhome in Commonwealth your dream home today!

Last Agent to Sell the Property

Marty Dunne

Berkshire Hathaway HomeServices Chicago License #475188392 Listed on: 05/23/2023

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

John Kloster

Coldwell Banker Realty License #475162340

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,872

Year Built

  • Built in 2002

Lot Details

  • 23

HOA Fees

  • $433 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,755 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Attached Fireplace Door
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Breakfast Room
  • Loft
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Schools

  • Forest Hills Elementary School
  • Mcclure Junior High School
  • Lyons Twp High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Community Well

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, snow removal
  • 4 Units
  • Customer Care Association, Phone Number (630) 620-1133
  • Commonwealth Subdivision
  • Property managed by American Community Management

Pet Policy

  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,872

Year Built

Built in 2002

Lot Details

0

HOA Fees

$433 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Commonwealth
  • Year Built: 2002
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Attached Fireplace Doors/Screen, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, First Floor Laundry
  • LivingArea: 3755
  • Room Type: Loft, Storage, Breakfast Room
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 2255
  • Assessed Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 2255
  • Fireplace Location: Family Room
  • Total Sq Ft: 3755
  • Upper Level Sq Ft: 625
  • Main Level Sq Ft: 1630
  • Unfinished Lower Sq Ft: 1500
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 499000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Fuses
  • Heating: Natural Gas, Forced Air
  • Water Source: Community Well

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 433
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: American Community Management
  • Management Contact Name: Customer Care
  • Management Phone: 630-620-1133
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Forest Hills Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Mcclure Junior High School
  • Middle/Junior School District: 101

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
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7871.74
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Simon Anne S
Bought by
Anne Simon Family Trust and Simon
Current Estimated Value
$581,343

Purchase Details

Listed on
May 23, 2023
Closed on
Jun 29, 2023
Sold by
Reich Mark R and Wilson Ann W
Bought by
Simon Ann S
Seller's Agent
Marty Dunne
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
John Kloster
Coldwell Banker Realty
List Price
$499,000
Sold Price
$470,000
Premium/Discount to List
-$29,000
-5.81%
Views
102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$320,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2023
Sold by
Reich Mark R
Bought by
Reich Mark R and Wilson Ann W

Purchase Details

Closed on
Oct 9, 2001
Sold by
Commonwealth Properties Company Llc
Bought by
Reich June H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.88%
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
Anne Simon Family Trust -- None Listed On Document
Simon Ann S $470,000 None Listed On Document
Reich Mark R -- None Listed On Document
Reich June H $300,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simon Ann S $320,000
Previous Owner Reich June H $50,000
Previous Owner Reich June H $103,183
Previous Owner Reich June H $50,000
Previous Owner Reich June H $117,000
Previous Owner Reich June H $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $470,000 -5.8% $125 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $499,000 0.0% $133 / Sq Ft
05/28/2023 05/28/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $499,000 -- $133 / 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 $8,371 $43,436 $9,449 $33,987
2023 $8,355 $43,631 $9,644 $33,987
2022 $8,355 $38,877 $6,162 $32,715
2021 $7,872 $38,875 $6,161 $32,714
2020 $7,791 $38,875 $6,161 $32,714
2019 $8,190 $41,724 $5,625 $36,099
2018 $5,815 $41,724 $5,625 $36,099
2017 $5,543 $41,724 $5,625 $36,099
2016 $8,034 $37,827 $4,822 $33,005
2015 $7,845 $37,827 $4,822 $33,005
2014 $6,918 $37,827 $4,822 $33,005
2013 $7,006 $35,062 $4,822 $30,240
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11783641

Midwest Real Estate Data (MRED)

APN: 18-07-109-037-1081