NOT LISTED FOR SALE

518 Lyman Ave Oak Park, IL 60304

Estimated Value: $509,343 - $606,000

3 Beds
2 Baths
1,500 Sq Ft
$361/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $378,750 $252 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,998/month

23 Days on Market

Highlights

  • Updated Kitchen
  • Open Floorplan
  • Wood Flooring
  • Longfellow Elementary School Rated A-
  • Contemporary Architecture
  • Walk-In Pantry

About This Home

As of November 2020

This spectacular Contemporary home in the heart of beautiful Oak Park is such a rare find! Maple and slate floors, expansive bright windows and modern amenities grace this space. The front entry greets you and flows seamlessly into the open and airy living room large enough for multiple conversation areas. Prepare your finest meals in the cook's kitchen with high-end oven range, hood and loads of custom cabinetry. This space also has the homes main eating area with fantastic views to your private back yard oasis. The 1st level also features a large storage closet, laundry and mechanical closet and exquisite half bath! Retreat to the 2nd floor where you will find a large primary bedroom with corner windows, an office area and loads of closet space. Two more large bedrooms and the home's main full bath are also on this level. Live in complete comfort with gas forced air heat, central air conditioning and an efficient tankless hot water heater. The garage is only 12 years new!! If your taste has always leaned more toward the modern side but love the charm of Oak Park... this is your home. Walk to schools, all forms of transportation, shops and so much more.

Last Agent to Sell the Property

Steve Scheuring

Baird & Warner License #475135445 Listed on: 08/26/2020

Baird & Warner

Last Buyer's Agent

Kai Schirmacher

Compass License #475152100

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,366

Year Built | Renovated

  • 1988 | 2008

Lot Details

  • 4,574

Parking

  • Detached Garage
  • Off Alley Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Open Floorplan
  • Window Treatments
  • Entrance Foyer
  • Storage Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $10,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,366

Year Built | Renovated

1988 | 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Recent Rehab: Yes
  • Age: 31-40 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Rehab Year: 2008
  • Total Full or Half Bathrooms: 1.1
  • Style Of House: Contemporary
  • Type Detached: 2 Stories
  • Estimated Year Built: 1988
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988
  • Year Renovated: 2008

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Laundry, Open Floorplan, Some Window Treatmnt
  • Number Of Rooms: 6
  • Living Room: Dimensions: 19X14, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 7X6, On Level: Main Level
  • Dining Room: Dimensions: 11X10, On Level: Main Level, Flooring: Slate, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Slate, Windows: None
  • Kitchen Type: Eating Area-Table Space, Pantry-Closet, Updated Kitchen
  • Additional Rooms: Foyer, Storage
  • Master Bedroom: Dimensions: 19X17, On Level: 2nd Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Additional Room 1 Name: Foyer, Dimensions: 7X5, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Additional Room 2 Name: Storage, Dimensions: 9X7, On Level: Main Level
  • Bedroom 2: Dimensions: 12X11, On Level: 2nd Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Bedroom 3: Dimensions: 13X10, On Level: 2nd Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Estimated Sq Ft: 1500

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame
  • Exterior Property Features: Patio

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Off Alley
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 200
  • Elementary School: Longfellow Elementary School
  • Middle School: Percy Julian Middle School
  • High School: Oak Park & River Forest High Sch
  • Junior High Dist: 97

Lot Info

  • Lot Dimensions: 37X124
  • Parcel Identification Number: 16171060070000

Tax Info

  • Taxes: 11380.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Nov 25, 2020
Sold by
Trost Brian and Trost Tina
Bought by
Hamilton Abigail Maylissa and Hamilton Benjamin A
Seller's Agent
Steve Scheuring
Baird & Warner
Buyer's Agent
Kai Schirmacher
Compass
List Price
$405,000
Sold Price
$378,750
Premium/Discount to List
-$26,250
-6.48%
Current Estimated Value
$541,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,086
Avg. Annual Appreciation
7.68%
Original Mortgage
$359,500
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2000
Sold by
Wilson David L and Scott Wilson Maureen
Bought by
Trost Brian and Trost Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
7.9%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hamilton Abigail Maylissa $379,000 Chicago Title
Trost Brian $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamilton Abigail Maylissa $359,500
Previous Owner Trost Brian $166,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2020 11/25/20 Sold $378,750 0.0% $253 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/18/2020 09/18/20 Off Market $378,750 -- --
09/12/2020 09/12/20 Price Changed $395,000 -2.5% $263 / Sq Ft
08/26/2020 08/26/20 For Sale $405,000 -- $270 / Sq Ft
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
2024 $13,366 $41,000 $6,423 $34,577
2023 $14,395 $41,000 $6,423 $34,577
2022 $14,395 $37,488 $4,588 $32,900
2021 $12,781 $37,487 $4,588 $32,899
2020 $12,552 $37,487 $4,588 $32,899
2019 $11,381 $33,093 $4,129 $28,964
2018 $10,952 $33,093 $4,129 $28,964
2017 $10,734 $33,093 $4,129 $28,964
2016 $9,522 $26,156 $3,441 $22,715
2015 $8,486 $26,156 $3,441 $22,715
2014 $7,904 $26,156 $3,441 $22,715
2013 $8,132 $27,616 $3,441 $24,175
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10826870

Midwest Real Estate Data (MRED)

APN: 16-17-106-007-0000