NOT LISTED FOR SALE

516 May St Plano, IL 60545

Estimated Value: $324,000 - $349,000

3 Beds
2.5 Baths
1,604 Sq Ft
$211/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $310,000 $193 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,441/month

3 Days on Market

Highlights

  • Clubhouse
  • Bonus Room
  • Formal Dining Room
  • Property is near park
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of November 2023

Welcome to your future home! This is a fantastic opportunity to own a well-maintained and beautifully 3-bedroom home with 2.5 baths and a partial finished basement. You'll be welcomed by a family room that connects to the spacious kitchen, complete with an island and sleek slate appliances. The main floor also boasts a separate living room and a formal dining room with stunning vinyl plank flooring. The master bedroom offers space and comfort, with a generous walk-in closet. This house offers the convenience of a second-floor laundry. Recent upgrades, including fresh paint on the main level, new light fixtures, a sump pump, and a brand-new roof in 2021. The partially finished basement presents an incredible opportunity to customize the space to your liking - whether it's for a home office or a play room, the possibilities are endless. There's also a nice fenced-in yard with a firepit and a heated garage. Don't miss the chance to make this home yours and experience the benefits of living in a community with a clubhouse and pool!

Last Agent to Sell the Property

Mayra Perez

Whyrent Real Estate Company License #475145750 Listed on: 10/21/2023

Last Buyer's Agent

Yasmin Perez

OnPath Realty Inc. License #475207676

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,360

Year Built

  • Built in 2004

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 70x129
  • Paved or Partially Paved Lot

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,604 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Bonus Room
  • Laminate Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Partially Finished Basement

  • Partial Basement
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Property is near park

Community Details

Overview

  • Association fees include clubhouse, pool
  • Management Association, Phone Number (630) 552-3270
  • Lakewood Springs Subdivision
  • Property managed by Foster Premier

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,360

Year Built

Built in 2004

Lot Details

9,148 Sq Ft Lot

HOA Fees

$40 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Lakewood Springs
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Wood Laminate Floors
  • LivingArea: 1604
  • Other Equipment: Humidifier, CO Detectors, Sump Pump
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 932
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 40
  • Association Fee Frequency: Monthly
  • Community Features: Clubhouse, Park, Pool, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Foster Premier
  • Management Contact Name: Management
  • Management Phone: 630-552-3270
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Clubhouse, Pool

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 70X129
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7360.12
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2023
Closed on
Nov 1, 2023
Sold by
Sanchez Brayan A and Amayrany Flores
Bought by
Lopez Marco B and Lopez Alan
Seller's Agent
Mayra Perez
Whyrent Real Estate Company
Buyer's Agent
Yasmin Perez
OnPath Realty Inc.
List Price
$295,000
Sold Price
$310,000
Premium/Discount to List
$15,000
5.08%
Views
66
Current Estimated Value
$337,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,805
Avg. Annual Appreciation
3.82%
Original Mortgage
$304,385
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 27, 2019
Closed on
May 22, 2019
Sold by
Jackson Andrew and Jackson Jessica L
Bought by
Flores Sanchez Brayan A and Flores Romero Amayrany
Seller's Agent
Monica Navarro
John Greene Realtor
Buyer's Agent
Mayra Perez
Whyrent Real Estate Company
List Price
$200,000
Sold Price
$198,000
Premium/Discount to List
-$2,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$190,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2014
Closed on
Oct 7, 2014
Sold by
Illinois Housing Development Authority
Bought by
Jackson Andrew and Jackson Jessica L
Seller's Agent
James Conway
Regional Realty Group
Buyer's Agent
Cindy Ellis
RE/MAX Action
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$140,000
Interest Rate
3.75%
Mortgage Type
VA

Purchase Details

Closed on
May 28, 2014
Sold by
Penge David J
Bought by
Illinois Housing Development Authority

Purchase Details

Closed on
Mar 22, 2005
Sold by
Lakewood Springs Llc
Bought by
Penge David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records
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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
Lopez Marco B $310,000 Chicago Title
Flores Sanchez Brayan A $200,000 Wheatland Title Guaranty
Jackson Andrew -- Fidelity National Title
Illinois Housing Development Authority -- None Available
Penge David J $193,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Marco B $304,385
Previous Owner Flores Sanchez Brayan A $190,000
Previous Owner Jackson Andrew $140,000
Previous Owner Penge David J $187,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2023 11/16/23 Sold $310,000 +5.1% $193 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/21/2023 10/21/23 For Sale $295,000 +49.0% $184 / Sq Ft
05/24/2019 05/24/19 Sold $198,000 -1.0% $123 / Sq Ft View Prior Sale
04/01/2019 04/01/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $200,000 +42.9% $125 / Sq Ft
10/31/2014 10/31/14 Sold $140,000 +3.8% $86 / Sq Ft View Prior Sale
09/26/2014 09/26/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $134,900 -- $83 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $7,996 $83,013 $9,377 $73,636
2023 $7,360 $73,835 $8,340 $65,495
2022 $7,360 $67,368 $7,610 $59,758
2021 $6,980 $63,203 $7,140 $56,063
2020 $6,978 $61,964 $7,000 $54,964
2019 $6,884 $60,076 $6,713 $53,363
2018 $6,669 $55,803 $6,393 $49,410
2017 $6,502 $50,509 $6,393 $44,116
2016 $6,091 $43,156 $6,393 $36,763
2015 $5,542 $34,660 $5,250 $29,410
2014 -- $32,486 $5,000 $27,486
2013 -- $29,065 $7,322 $21,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11912913

Midwest Real Estate Data (MRED)

APN: 01-25-228-007

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