NOT LISTED FOR SALE

509 Fair Oaks Ave Oak Park, IL 60302

Estimated Value: $918,000 - $1,166,000

5 Beds
3 Baths
3,234 Sq Ft
$312/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $660,000 $204 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,497/month

24 Days on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Soaking Tub
  • Whittier Elementary School Rated A
  • Detached Garage

About This Home

As of November 2021

This handsome 3 story Victorian has 5 bedrooms, 3 full baths and is located on a beautiful, desirable block in central Oak Park. Short walk to schools, parks, transportation, Farmer's market and all downtown Oak Park has to offer. The strong curb appeal is enhanced by the open front porch, lovely, professional landscaping and well chosen exterior paint color palette. Original architectural features include high ceilings with crown moldings, striking fireplace mantle, hardwood floors, natural woodwork, lead glass windows and two staircases. The spacious, sunny living room opens to a large, formal dining room with a pocket door and oversized south facing windows. The first floor bonus room can be used as a family room, play room, home office or casual eating area off the kitchen. A modern, full bath completes the main floor. There are 4 nice sized bedrooms on the 2nd floor, plus and a huge family bath with double vanity, walk in shower and soaking tub. On the 3rd floor is a 5th bedroom with built-ins and a full bath that could be used as the primary bedroom suite. Also on the 3rd floor is a large family room and game area and generous closet space. The full basement has a finished office/playroom area, laundry and generous storage space. The two level deck, pond, gazebo and mature healthy trees create a private oasis in the backyard. The 3 car garage is a big plus. With the amount of space, vintage character and prime location that 509 Fair Oaks offers, a new owner has the rare opportunity to create their dream home with a kitchen remodel, some updating and decorating!

Last Agent to Sell the Property

Kimberly Wojack & Anne Ferri

Baird & Warner License #475133853 Listed on: 09/27/2021

Baird & Warner

Last Buyer's Agent

Trung Bui

Keller Williams ONEChicago License #475180578

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,406

Year Built

  • 1906

Lot Details

  • 8,276

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Off Alley Driveway
  • Parking Included in Price

Home Design

  • Frame Construction

Interior Spaces

  • 3-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,406

Year Built

1906

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 3 Stories
  • Property Sub Type: 3 Stories
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Victorian
  • Co List Office Mls Id: MRD90140
  • Co List Office Phone: (708) 697-5900
  • Directions: 2 blocks west of Ridgeland, north of Chicago to address
  • Lot Size: 50X172
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1906

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Cooktop, Built-In Oven
  • Has Basement: Full
  • Fireplace Features: Wood Burning
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Ceiling - 10 Foot, Historic/Period Mlwk
  • Dining Room Type: Bedroom 5, Office, Recreation Room

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Deck, Patio, Porch
  • Exterior Building Type: Frame
  • Other Structures: Gazebo
  • Waterfront: No

Garage/Parking

  • Number of Cars: 3
  • Driveway: Off Alley
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Steam
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Whittier Elementary School
  • High School: Oak Park & River Forest High Sch
  • Junior High Dist: 200
  • Middle Or Junior School: Gwendolyn Brooks Middle School

Lot Info

  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 24084
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 22, 2021
Sold by
Srajer George and Srajer Donna Milanovich
Bought by
French William and French Karen
Seller's Agent
Kimberly Wojack & Anne Ferri
Baird & Warner
Buyer's Agent
Trung Bui
Keller Williams ONEChicago
List Price
$699,900
Sold Price
$660,000
Premium/Discount to List
-$39,900
-5.7%
Current Estimated Value
$1,009,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,884
Avg. Annual Appreciation
11.52%

Purchase Details

Closed on
Sep 9, 2003
Sold by
Immesoete John T and Immesoete Chalcea Park
Bought by
Srajer George and Srajer Donna Milanovich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 7, 1998
Sold by
Vinyard George A and Shepelak Judith A
Bought by
Immesoete John T and Park Chalcea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
6.99%
Mortgage Type
Balloon
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
French William $660,000 Prairie Title
Srajer George $675,000 --
Immesoete John T $422,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Srajer George $465,000
Previous Owner Immesoete John T $380,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $660,000 -5.7% $204 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $699,900 -- $216 / 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 $26,406 $81,000 $12,040 $68,960
2023 $24,702 $81,000 $12,040 $68,960
2022 $24,702 $64,328 $9,030 $55,298
2021 $22,825 $64,327 $9,030 $55,297
2020 $24,084 $69,078 $9,030 $60,048
2019 $20,823 $57,705 $8,170 $49,535
2018 $21,514 $61,694 $8,170 $53,524
2017 $21,064 $61,694 $8,170 $53,524
2016 $19,036 $49,793 $6,880 $42,913
2015 $17,010 $49,793 $6,880 $42,913
2014 $15,825 $49,793 $6,880 $42,913
2013 $15,341 $49,768 $6,880 $42,888
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11230332

Midwest Real Estate Data (MRED)

APN: 16-06-422-018-0000