Seller's Agent in 2021
Leigh Ann Hughes
Compass
(630) 546-0381
74 in this area
138 Total Sales
531 Fair Oaks Ave Oak Park, IL 60302
Estimated Value: $1,081,000 - $1,273,000
5
Beds
5
Baths
3,995
Sq Ft
$286/Sq Ft
Est. Value
Highlights
- Home Theater
- Deck
- Wood Flooring
- Whittier Elementary School Rated A
- Traditional Architecture
- Gallery
About This Home
As of January 2021Be ready to fall in love! Find the perfect place for your family to call HOME in this traditional 5 bedroom, 3 and 1/2 bath home. Find all that you cherish here, an AMAZING location and walking distance to all things Oak Park. The cobblestone walkway is a nod to this home's traditional beginnings and adds a bit of charm. The first floor is a GRAND SPACE that wows you with its great open flow, tall ceilings, natural light and appealing traditional floor plan. The wood burning fireplace draws you to the living room, and the library provides the perfect setting to host a book club session. FRESH decorating and newly refinished rich oak flooring highlight the original wood trims and finishes. Tear-off ROOF in 2014. The home presents on-trend and ready for your furniture! The kitchen features professional grade stainless steel appliances and the stone flooring and tile accent the neutral finishes. A wide and elegant staircase with window seat landing leads you to 4 bedrooms and studio on the second floor. The en-suite primary bedroom has an abundance of space, and morning sunlight. The primary bath features a soaking tub. The lovely and bright STUDIO makes a great work from home space or use as a sunny and quiet spot for homework. The hall bath is newly updated with tasteful finishes. The 5th bedroom is in the open and airy third floor space. Use the 5th bedroom as a primary bedroom or as an ideal guest space. The 3rd full bath is completely updated and features a walk-in glass shower. The bedroom has INCREDIBLE STORAGE, with a 30 foot walk-in closet! The adjoining office makes another great work from home space, with another walk-in closet for your files. The basement is large and features a family room, media room, laundry room plus more storage. The expansive lot has a gorgeous backyard with room for gardening, and play spaces, and features a large deck. IDEAL LOCATION, just a short walk to downtown Oak Park, schools, parks, library and train. Two car garage plus parking pad for 2 more cars. MOVE IN READY and find all the SPACE you have longed for in this great home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,999
Year Built
- 1907
Lot Details
- Southern Exposure
- East or West Exposure
Parking
- Detached Garage
- Garage Transmitter
- Garage Door Opener
- Off Alley Driveway
- Parking Included in Price
- Garage Is Owned
Home Design
- Traditional Architecture
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- Home Theater
- Home Office
- Library
- Gallery
- Wood Flooring
- Storm Screens
Kitchen
- Breakfast Bar
- Butlers Pantry
- Oven or Range
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- Deck
- Enclosed Patio or Porch
Location
- Property is near a bus stop
Utilities
- Central Air
- Heating System Uses Gas
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- $5,350 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2020
Closed on
Jan 4, 2021
Sold by
Johnson Charles and Estate Of Leslie Ann Jones
Bought by
Buchanan Gregory and Buchanan Amy
Seller's Agent
Leigh Ann Hughes
Compass
Buyer's Agent
Kris Sagan
RE/MAX In The Village
List Price
$829,000
Sold Price
$800,000
Premium/Discount to List
-$29,000
-3.5%
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
$344,486
Avg. Annual Appreciation
7.81%
Original Mortgage
$760,000
Outstanding Balance
$680,195
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$464,291
Purchase Details
Closed on
Feb 3, 1997
Sold by
Sullivan Monroe and Sullivan Frances
Bought by
Johnson Thoms E and Jones Leslie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.75%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Buchanan Gregory | $800,000 | Chicago Title | |
| Johnson Thoms E | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Buchanan Gregory | $760,000 | |
| Closed | Johnson Thoms E | $405,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2021 01/19/21 | Sold | $800,000 | -3.5% | $200 / Sq Ft |
| 10/22/2020 10/22/20 | Pending | -- | -- | -- |
| 10/15/2020 10/15/20 | For Sale | $829,000 | -- | $208 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $24,999 | $80,000 | $14,448 | $65,552 |
| 2023 | $24,974 | $80,000 | $14,448 | $65,552 |
| 2022 | $24,974 | $68,459 | $10,836 | $57,623 |
| 2021 | $25,617 | $68,458 | $10,836 | $57,622 |
| 2020 | $24,991 | $68,458 | $10,836 | $57,622 |
| 2019 | $22,334 | $64,385 | $9,804 | $54,581 |
| 2018 | $21,492 | $64,385 | $9,804 | $54,581 |
| 2017 | $22,238 | $67,645 | $9,804 | $57,841 |
| 2016 | $19,344 | $52,343 | $8,256 | $44,087 |
| 2015 | $19,076 | $55,521 | $8,256 | $47,265 |
| 2014 | $18,580 | $58,014 | $8,256 | $49,758 |
| 2013 | $17,016 | $54,916 | $8,256 | $46,660 |
Source: Public Records
Agents Affiliated with this Home
-
Leigh Ann Hughes
-
Victoria Atkins
Seller Co-Listing Agent in 2021
Victoria Atkins
Compass
(708) 507-4114
32 in this area
61 Total Sales
-
Kris Sagan
Buyer's Agent in 2021
Kris Sagan
RE/MAX
(708) 359-1632
24 in this area
52 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10906903
APN: 16-06-422-014-0000
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