NOT LISTED FOR SALE

510 86th St Downers Grove, IL 60516

Estimated Value: $531,000 - $851,000

5 Acres
$131,145 Price per Acre
230,868 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $597,920

Est. 16% increase in value since last sale

Current estimated payment $4,733/month

26 Days on Market

About This Lot

As of November 2021

Highly wooded and private 5.3 Acre site (Possible to subdivide in to two 2.5 Acre lots) available for you to build your dream home in Brookeridge Air Park! Located just 25 miles from downtown Chicago and Brookeridge (LL22) is the closest private airport to Chicago. Air park features lit paved runways, instrument approach and avgas for residents. Minimum annual fee only $475.00 and includes airport and maintenance. Neighboring 5.3 Acre parcel also available to purchase for a total of 10.6 Acres. Call Listing Agent for additional info.

Last Agent to Sell the Property

Jim LaHa

Jameson Sotheby's International Realty License #475134081 Listed on: 08/24/2021

Jameson Sotheby's International Realty

Last Buyer's Agent

Tracy Anderson

Compass License #471008429

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,194

Lot Details

Additional Features

  • Waterfront
  • Water Views

Property Details

Property Type

Land

Est. Annual Taxes

$10,194

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • General Information: None
  • Directions: Plainfield to Kearney to 86th.
  • Road Frontage Type: On Airstrip, Paved
  • Lot Size: 408 X 566
  • Ownership: Fee Simple w/ HO Assn.
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No
  • Possible Use: Estate

Exterior Features

  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Sewer-Storm Available, Well Private

Schools

  • Elementary School: Elizabeth Ide Elementary School
  • High School: South High School
  • Junior High Dist: 99
  • Middle Or Junior School: Lakeview Junior High School

Lot Info

  • Lot Size: 5.0-5.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 230928
  • Total Listed Lots Avail: 1
  • Current Use: Other
  • Zoning: SINGL

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 8611.04
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2022
Sold by
Klein and Kayla
Bought by
Wagner John and Wagner Bonnie
Total Days on Market
26
Current Estimated Value
$695,068

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 4, 2021
Sold by
Burns Richard O and Ersfeld Katherine B
Bought by
Klein Joel and Klein Kayla
Seller's Agent
Jim LaHa
Jameson Sotheby's International Realty
Buyer's Agent
Tracy Anderson
Compass
List Price
$585,000
Sold Price
$597,920
Premium/Discount to List
$12,920
2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$360,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2021
Sold by
Jpmorgan Chase Bank Na
Bought by
Burns Richard O and Ersfeld Katherine B

Purchase Details

Closed on
Jul 9, 2012
Sold by
Burns Mary Sheldon
Bought by
Jpmorgan Chase Bank Na
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
Wagner John $750,000 Citywide Title
Klein Joel $598,000 Premier Title
Burns Richard O -- None Available
Jpmorgan Chase Bank Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klein Joel $360,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $597,920 +2.2% --
09/20/2021 09/20/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $585,000 -- --
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
2023 $10,194 $171,530 $171,530 $0
2022 $9,582 $163,190 $163,190 $0
2021 $8,755 $161,330 $161,330 $0
2020 $8,611 $158,140 $158,140 $0
2019 $8,337 $151,740 $151,740 $0
2018 $8,453 $150,910 $150,910 $0
2017 $8,145 $145,220 $145,220 $0
2016 $7,759 $138,590 $138,590 $0
2015 $7,672 $130,390 $130,390 $0
2014 $7,551 $126,780 $126,780 $0
2013 $7,675 $126,190 $126,190 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11198415

Midwest Real Estate Data (MRED)

APN: 09-32-400-019