NOT LISTED FOR SALE

5116 Forest Ave Downers Grove, IL 60515

Estimated Value: $422,703

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

About This Home

This home is located at 5116 Forest Ave, Downers Grove, IL 60515 and is currently estimated at $422,703. 5116 Forest Ave is a home located in DuPage County with nearby schools including Hillcrest Elementary School, Herrick Middle School, and Downer Grove North High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2024
Sold by
Smith Family Revocable Trust and Smith Patrick J
Bought by
Gaur Alok and Alok Gaur Trust
Current Estimated Value
$422,703

Purchase Details

Closed on
Sep 20, 1999
Sold by
First Midwest Trust Company Natl Assn
Bought by
Smith Patrick J and Smith Maryann C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1994
Sold by
Holland Robert B and Holland Elizabeth J
Bought by
Heritage Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 1994
Sold by
Harrison Mark J and Harrison Lisa K
Bought by
Holland Robert B and Holland Elizabeth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8%
Mortgage Type
Commercial
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.

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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.

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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.

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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.

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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
Gaur Alok $399,000 Greater Illinois Title
Smith Patrick J $160,000 --
Holland Robert B $152,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Patrick $228,000
Previous Owner Smith Patrick J $90,000
Previous Owner Smith Patrick J $196,000
Previous Owner Smith Patrick J $190,000
Previous Owner Smith Patrick J $116,000
Previous Owner Holland Robert B $102,000
Source: Public Records

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 $7,033 $109,672 $64,082 $45,590
2023 $6,787 $100,820 $58,910 $41,910
2022 $6,348 $93,360 $54,550 $38,810
2021 $6,348 $92,300 $53,930 $38,370
2020 $6,411 $90,470 $52,860 $37,610
2019 $6,205 $86,810 $50,720 $36,090
2018 $5,965 $82,670 $48,300 $34,370
2017 $5,776 $79,550 $46,480 $33,070
2016 $5,641 $75,920 $44,360 $31,560
2015 $5,538 $71,420 $41,730 $29,690
2014 $5,518 $69,440 $40,570 $28,870
2013 $5,423 $69,110 $40,380 $28,730
Source: Public Records

Map

Illinois DuPage County Downers Grove 60515

5116 Forest Ave, Downers Grove, IL

This home is located at 5116 Forest Ave, Downers Grove, IL 60515 and is currently estimated at $422,703. 5116 Forest Ave is a home located in DuPage County with nearby schools including Hillcrest Elementary School, Herrick Middle School, and Downer Grove North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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