NOT LISTED FOR SALE

504 Indianapolis Ave Downers Grove, IL 60515

Estimated Value: $1,498,000 - $1,657,000

4 Beds
5 Baths
4,200 Sq Ft
$369/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $807,000 $192 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $10,493/month

8 Days on Market

Highlights

  • Whirlpool Bathtub
  • Steam Shower
  • Double Oven
  • Lester Elementary School Rated A-
  • Formal Dining Room
  • Central Air

About This Home

As of June 2012

Stunning brick, stone and stucco elevation features sleek curves and spectacular curb appeal! Dramatic foyer offers a beautiful curved staircase with iron balusters, gorgeous hardwood floors & an amazing trim package. Spectacular two story eating area with dramatic lighting opens to a gorgeous kitchen. 4 car garage, just a mile to downtown DG! PREVIOUSLY LISTED $1,350,000! FANTASTIC BUY! NOT A SS OR FORECLOSURE!

Last Agent to Sell the Property

Jay Mehra

john greene, Realtor License #475131250 Listed on: 05/01/2012

john greene, Realtor

Last Buyer's Agent

J Maggio

Americorp, Ltd License #475128409

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $25,352

Year Built

  • 2009

Lot Details

  • 0.25

Parking

  • 4

Home Design

  • Brick Exterior Construction
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Steam Shower

Schools

  • Lester Elementary School
  • Downers Grove North High School

Utilities

  • Central Air
  • Lake Michigan Water

Property Details

Home Type

Other

Est. Annual Taxes

$25,352

Year Built

2009

Lot Details

0

Parking

4

Interior Features

  • Total # Of Rooms: 11
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Fireplace Type/Details: Wood Burning, Gas Starter
  • Fireplaces: 2
  • Attic: Pull Down Stair
  • Basement: Full
  • Basement: Unfinished
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 17X15
  • Master Bedroom Flooring: Hardwood
  • Primary Bedroom Bath: Full
  • Second Bedroom Level: 2nd Level
  • Second Bedroom Size: 13X12
  • Third Bedroom Level: 2nd Level
  • Third Bedroom Size: 17X13
  • Fourth Bedroom Level: 2nd Level
  • Fourth Bedroom Size: 17X12
  • Bathroom Amenities: Whirlpool, Steam Shower, Double Sink
  • Living Room Level: Lower
  • Living Room Size: 11X11
  • Living Room Flooring: Hardwood
  • Dining Room: Separate
  • Dining Room Level: Main Level
  • Dining Room Size: 16X14
  • Dining Room Flooring: Hardwood
  • Family Room Level: Main Level
  • Family Room Size: 19X19
  • Family Room Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island
  • Kitchen Level: Main Level
  • Kitchen Size: 19X12
  • Kitchen Flooring: Hardwood

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Brick, Stucco, Stone

Garage/Parking

  • Number of Cars: 4
  • Parking Type: Garage

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan, Public
  • Heat/Fuel: Gas, Forced Air, Zoned

Condo/Co-op/Association

  • Fee Frequency: Not Applicable

Schools

  • Elementary School: Lester Elementary School
  • High School: Downers Grove North
  • Junior High Dist: 58
  • Junior High: Herrick Middle School

Lot Info

  • Lot Dimensions: 75*132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2012
Closed on
Jun 29, 2012
Sold by
Mehra Real Estate Inc
Bought by
Gowda Nayan and Shivakumar Deepti
Seller's Agent
Jay Mehra
john greene, Realtor
Buyer's Agent
J Maggio
Americorp, Ltd
List Price
$825,000
Sold Price
$807,000
Premium/Discount to List
-$18,000
-2.18%
Current Estimated Value
$1,549,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,994
Avg. Annual Appreciation
4.96%
Original Mortgage
$726,300
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2012
Sold by
Luinys Albertas and Standard Bank & Trust Company
Bought by
Mehra Real Estate Inc and Gravitas Capital Investments

Purchase Details

Closed on
Jul 27, 2007
Sold by
Smidl Mary E
Bought by
Luinys Albertas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
7.87%
Mortgage Type
Construction

Purchase Details

Closed on
May 19, 2006
Sold by
Mcmahon Arla J
Bought by
Smidl Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 2000
Sold by
Ehrenberg Sandra J
Bought by
Mcmahon Robert J and Mcmahon Arla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.26%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 17, 1998
Sold by
Ehrenberg Victoria L and Lewandowski Victoria L
Bought by
Ehrenberg Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7%
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
Gowda Nayan $807,000 First American Title
Mehra Real Estate Inc $440,101 None Available
Luinys Albertas $275,000 Gitc
Smidl Mary E $171,000 None Available
Mcmahon Robert J $172,500 --
Ehrenberg Sandra J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gowda Nayan $770,000
Closed Gowda Nayan $726,300
Previous Owner Luinys Albertas $900,000
Previous Owner Luinys Albertas $110,000
Previous Owner Smidl Mary E $325,000
Previous Owner Mcmahon Robert J $144,000
Previous Owner Ehrenberg Sandra J $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $807,000 -2.2% $192 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
05/01/2012 05/01/12 For Sale $825,000 -- $196 / 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 $25,352 $450,828 $100,556 $350,272
2023 $24,160 $414,440 $92,440 $322,000
2022 $22,952 $398,850 $87,520 $311,330
2021 $21,489 $394,310 $86,520 $307,790
2020 $21,102 $386,510 $84,810 $301,700
2019 $20,455 $370,860 $81,380 $289,480
2018 $19,582 $348,610 $80,920 $267,690
2017 $18,981 $335,460 $77,870 $257,590
2016 $18,632 $320,160 $74,320 $245,840
2015 $18,464 $301,210 $69,920 $231,290
2014 $18,093 $286,680 $61,800 $224,880
2013 $17,693 $285,340 $61,510 $223,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08056243

Midwest Real Estate Data (MRED)

APN: 09-05-421-025