$422,000 - $692,000
RENTED SEP 13, 2024

516 Spring Ave Naperville, IL 60540

Downtown Naperville Neighborhood
5 Beds
3 Baths
1,920 Sq Ft
$305 Price per Sq Ft

Last Sold December 15, 2023

Last sale price $265,000 $138 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $4,032/month

About This Home

As of December 2023

Welcome to 516 Spring Avenue, a totally renovated 5 bed/3 bath rental perfectly located just half a mile outside Downtown Naperville. This home is in completely pristine, move-in ready condition - a full gut and remodel completed by professional home designers to create the perfect home for renters. When we say new, we mean it - nothing in this home is over a year old! All brand new, never lived-in everything from top to bottom. Tenants can enjoy a front porch that offers views of a desirable neighborhood and an interior offering every attention to detail. The main floor offers a beautiful, modern white kitchen featuring a full complement of stainless steel appliances and gleaming quartz counters; an adjacent living room that serves as the perfect space to host family and friends; a bedroom; one full bath; and a home office that can easily be used as a work or flex space. Upstairs, three additional bedrooms, two full bathrooms, and a home office space await! This home comes complete with an unfinished basement perfect for use as a storage space and a covered maintenance-free deck. Revel in the luxury of living within walking distance of the Metra, Centennial Beach, and all the dining, shopping, and entertainment Downtown Naperville has to offer! Don't miss your chance to call this incredible rental home! Six month minimum lease. Security deposit is one month's rent. $1000 non-refundable pet deposit. Pets must be 50 pounds or less. 600 minimum credit score. Applicants may be asked to provide paystubs during application process. Listing Agent will provide link to rental application upon request.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Dec 4, 2023
Sold by
Dirk Van Tellingen and Dirk Cheryl Quick
Bought by
Merryweather Paul and Merryweather Claire A
Seller's Agent
Connie Highland
Baird & Warner
Buyer's Agent
Lori Johanneson
@properties Christie's International Real Estate
List Price
$350,000
Sold Price
$265,000
Premium/Discount to List
-$85,000
-24.29%
Views
108
Current Estimated Value
$586,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,520
Avg. Annual Appreciation
69.83%
Original Mortgage
$417,035
Outstanding Balance
$411,098
Interest Rate
6.8%
Mortgage Type
New Conventional
Estimated Equity
$175,422

Purchase Details

Closed on
Sep 21, 2007
Sold by
Vantellingen Dirk A
Bought by
Vantellingen Dirk and Quick Cheryl
Source: Public Records

Range of Values:

Collateral Analytics

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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
Merryweather Paul $265,000 None Listed On Document
Vantellingen Dirk -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merryweather Paul $417,035
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Rented $3,900 -2.4% --
09/02/2024 09/02/24 Under Contract -- -- --
08/26/2024 08/26/24 Price Changed $3,995 -4.9% $2 / Sq Ft
08/19/2024 08/19/24 Price Changed $4,200 -6.7% $2 / Sq Ft
08/05/2024 08/05/24 Price Changed $4,500 -10.0% $2 / Sq Ft
07/03/2024 07/03/24 For Rent $5,000 0.0% --
12/15/2023 12/15/23 Sold $265,000 -24.3% --
10/18/2023 10/18/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $350,000 -- --

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 $9,075 $139,870 $88,570 $51,300
2022 $8,320 $128,760 $81,110 $47,650
2021 $8,038 $124,170 $78,220 $45,950
2020 $8,012 $124,170 $78,220 $45,950
2019 $7,742 $118,100 $74,400 $43,700
2018 $7,488 $114,390 $71,560 $42,830
2017 $7,345 $110,510 $69,130 $41,380
2016 $7,179 $106,050 $66,340 $39,710
2015 $7,206 $100,690 $62,990 $37,700
2014 $7,268 $98,460 $61,280 $37,180
2013 $7,216 $99,150 $61,710 $37,440
Source: Public Records

Agents Affiliated with this Home

  • Lori Johanneson

    Seller's Agent in 2024

    Lori Johanneson

    @ Properties

    (630) 667-7562

    2 in this area

    350 Total Sales

    Lori Johanneson
    Section Image
  • Kimberly Marino

    Buyer's Agent in 2024

    Kimberly Marino

    Jameson Sotheby's International Realty

    (630) 732-1299

    32 in this area

    138 Total Sales

    Kimberly Marino
    Section Image
  • Connie Highland

    Seller's Agent in 2023

    Connie Highland

    Baird Warner

    (630) 667-5334

    10 in this area

    36 Total Sales

    Connie Highland
    Section Image
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Map

Illinois DuPage County Naperville 60540 Downtown Naperville

516 Spring Ave, Naperville, IL

This home is located at 516 Spring Ave, Naperville, IL 60540 and is currently estimated at $586,520, approximately $305 per square foot. 516 Spring Ave is a home located in DuPage County with nearby schools including Naper Elementary School, Washington Jr High School, and Naperville 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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