NOT LISTED FOR SALE

507 Lincoln Ave Fox River Grove, IL 60021

Estimated Value: $455,346 - $497,000

4 Beds
2 Baths
-- Sq Ft
0.75 Acres

Last Sold August 30, 2021

Last sale price $340,000

Est. 39% increase in value since last sale

Current estimated payment $3,626/month

2 Days on Market

Highlights

  • Guest House
  • Mature Trees
  • Wood Flooring
  • Cary Grove High School Rated A
  • Deck
  • Main Floor Bedroom

About This Home

As of August 2021

Rustic-luxe, freshly painted rehab in Fox River Grove offers classic Craftsman-style charm on a sprawling corner lot! Huge wraparound concrete front patio anchors the 2,000-square-foot home and picturesque .75-acre property, which includes not only a fully renovated 4-bedroom, 2-bath main house, but ALSO a 3-bedroom, 1-bath Coach House (major investment opportunity to welcome tenants or Airbnb renters!). With a modern farmhouse-like feel, the first floor of the main house features a spacious living room with newly refinished floor and recessed lighting. Stunning, open kitchen with BRAND new stainless steel appliances (new fridge, stove & dishwasher arriving 8/3), shaker-style cabinetry, granite countertops and chic ceramic tile backsplash, along with a massive reclaimed wood butcher block island with modern pendant lights and breakfast bar seating. Adjacent, there's an airy, sun-filled dining room/bonus living space with beverage center (simply made for entertaining!). Around the corner, barn doors enclose a large first-floor bedroom/guest suite/office, with refinished flooring and a full bath featuring timelessly chic black-and-white subway tile tub/shower, new ceramic tile flooring and granite vanity. On the second level, there are three more sizable bedrooms (one with handsome and convenient built-in storage!) and full bathroom with double vanity, extra-wide natural stone tile, and enclosed glass shower with tile surround and bench seating. Backyard fire pit is an entertainer's dream on the huge lot. Top-to-bottom renovation in 2015 included updated HVAC, electrical, plumbing, windows, flooring, kitchen and baths. Freshly painted and newly carpeted Coach house is a fabulous amenity for guests, as a flexible WFH space, or as short- or long-term income property. Utilities in each home metered separately. Don't delay in making this delightful, dreamy home yours!

Last Agent to Sell the Property

Stephanie Andre-Ouellette

@properties Christie's International Real Estate License #475156917 Listed on: 07/30/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Jorel Kilcullen

RE/MAX Connections II License #475161218

RE/MAX Connections II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,332

Year Built

  • Built in 1905 | Remodeled in 2015

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 217 x 158 x 173 x150
  • Mature Trees

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Mud Room
  • Entrance Foyer
  • Formal Dining Room
  • Storage Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Fire Pit
  • Porch

Additional Homes

  • Guest House

Schools

  • Algonquin Road Elementary School
  • Fox River Grove Jr Hi Middle School
  • Cary-Grove Community High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,332

Year Built

Built in 1905 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood
  • Basement: Full, Walkout
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Room Type: Foyer, Mud Room, Storage
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Dining Room Flooring: Hardwood
  • Kitchen Flooring: Porcelain Tile
  • Kitchen: Eating Area-Breakfast Bar,Island,Pantry-Closet,Granite Counters,Updated Kitchen
  • Living Room Flooring: Hardwood
  • MRD_MBB: None
  • Master Bedroom Dimensions: 14X10

Exterior Features

  • ExteriorFeatures: Deck, Porch, Storms/Screens, Fire Pit
  • List Price: 325000
  • Lot Features: Mature Trees
  • OtherStructures: Guest House
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Algonquin Road Elementary School
  • High School: Cary-Grove Community High School
  • Middle/Junior School: Fox River Grove Jr Hi School
  • Middle/Junior School District: 3

Lot Info

  • Lot Size Acres: 0.7503
  • Lot Dimensions: 217 X 158 X 173 X150
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 11331.8
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Aug 27, 2021
Sold by
Madmak Business Group Inc
Bought by
Raether Kevin and Raether Kelly
Seller's Agent
Stephanie Andre-Ouellette
@properties Christie's International Real Estate
Buyer's Agent
Jorel Kilcullen
RE/MAX Connections II
List Price
$325,000
Sold Price
$340,000
Premium/Discount to List
$15,000
4.62%
Current Estimated Value
$472,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,087
Avg. Annual Appreciation
8.53%
Original Mortgage
$272,000
Outstanding Balance
$248,039
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$224,048

Purchase Details

Listed on
Oct 19, 2015
Closed on
Feb 24, 2016
Sold by
Capital Shield Financial Llc
Bought by
Madmak Business Group Inc
Seller's Agent
Danny Olsen
Coldwell Banker Realty
Buyer's Agent
Paul Dimmick
Keller Williams Success Realty
Sold Price
$1,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,955
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 17, 2015
Closed on
Mar 2, 2015
Sold by
Reynolds Leah K
Bought by
Capital Shield Financial Llc
Seller's Agent
William Hauck
RE/MAX of Barrington
Buyer's Agent
Danny Olsen
Coldwell Banker Realty
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.48%

Purchase Details

Closed on
Sep 30, 2014
Sold by
Reynolds Mona
Bought by
Reynolds Leah K

Purchase Details

Closed on
Nov 30, 2009
Sold by
Reynolds Mona
Bought by
Reynolds Mona
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Raether Kevin $340,000 Ct
Madmak Business Group Inc $258,000 Old Republic Title
Capital Shield Financial Llc $125,000 Heritage Title Company
Reynolds Leah K -- None Available
Reynolds Mona -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raether Kevin $272,000
Previous Owner Madmak Business Group Inc $174,955
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $340,000 +4.6% --
08/02/2021 08/02/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $325,000 0.0% --
04/28/2017 04/28/17 Rented $1,900 -4.8% --
03/12/2017 03/12/17 Under Contract -- -- --
03/04/2017 03/04/17 For Rent $1,995 +5.0% --
02/01/2016 02/01/16 Rented $1,900 -15.6% --
01/23/2016 01/23/16 Under Contract -- -- --
10/19/2015 10/19/15 For Rent $2,250 0.0% --
03/03/2015 03/03/15 Sold $125,000 0.0% --
02/11/2015 02/11/15 Pending -- -- --
01/17/2015 01/17/15 For Sale $125,000 -- --
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 $12,887 $142,464 $27,204 $115,260
2023 $12,395 $127,417 $24,331 $103,086
2022 $11,711 $119,531 $24,159 $95,372
2021 $11,595 $111,357 $22,507 $88,850
2020 $11,332 $107,415 $21,710 $85,705
2019 $11,033 $102,809 $20,779 $82,030
2018 $10,921 $94,973 $19,195 $75,778
2017 $10,789 $89,471 $18,083 $71,388
2016 $10,696 $83,916 $16,960 $66,956
2013 -- $78,284 $15,822 $62,462
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11151829

Midwest Real Estate Data (MRED)

APN: 20-19-234-001