Seller's Agent in 2024
Lori Johanneson
@ Properties
(630) 667-7562
2 in this area
350 Total Sales
SOLD DEC 15, 2023
RENTED SEP 13, 2024
516 Spring Ave Naperville, IL 60540
Downtown Naperville Neighborhood
4
Beds
3
Baths
--
Sq Ft
8,712
Sq Ft Lot
About This Home
As of December 2023Has 2 Naperville Electric Department meters 516 Spring and 516A Spring, divided by floor. Was used as a rent-by-room for decades. Rent-by-room is no longer an accepted use at this address. NEEDS A KITCHEN TO BE INSTALLED ON SECOND FLOOR TO BE USED AS A 2-FLAT. Or use as single family. Value is in the land, needs extensive restoration/rehab. SOLD STRICTLY AS-IS. Industrial use across the street has now been rezoned to R-2, single family and low density multi-family. Great investment potential at this price, lowest tear-down price in the hottest downtown Naperville neighborhood. Has alley access in back.
Last Agent to Sell the Property
Baird & Warner License #475094754 Listed on: 10/06/2023
Last Buyer's Agent
@properties Christie's International Real Estate License #475131610
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,320
Year Built
- Built in 1906
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- Alley Access
- Driveway
- Uncovered Parking
- Off-Street Parking
- Off Alley Parking
- Parking Space is Owned
Schools
- Naper Elementary School
- Washington Junior High School
- Naperville North High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 50x174
Community Details
- 2 Units
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%
Total Days on Market
11
Views
108
Current Estimated Value
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $265,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $417,035 | New Conventional |
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 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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
-
Kimberly Marino
Buyer's Agent in 2024
Kimberly Marino
Jameson Sotheby's International Realty
(630) 732-1299
32 in this area
138 Total Sales
-
Connie Highland
Seller's Agent in 2023
Connie Highland
Baird Warner
(630) 667-5334
10 in this area
36 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11902650
APN: 07-13-220-003
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