$1,225,000
SOLD MAY 2, 2025

531 Thatcher Ave River Forest, IL 60305

5 Beds
5 Baths
3,982 Sq Ft
9,540 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

12% Below List Price

181 Days on Market

Highlights

  • Open Floorplan
  • 4-minute walk to River Forest Station
  • Recreation Room
  • Lincoln Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of May 2025

Beautiful sun-filled home sits on a 230-foot-deep lot. This rarely available, meticulously rebuilt property includes all NEW INFRASTRUCTURE! Bright sunny kitchen with center island leads to breakfast area, family room, and a large 13X11 enclosed screened deck and 9X9 unscreened porch overlooking the yard. The spacious primary suite boasts an elegant full bath, including a separate walk-in shower, soaking tub, and double vanity! Enjoy morning coffee on your 10X9 outdoor deck with expansive tree-top views! Two other 2nd-floor B/R's also offer a large 16X10 shared outdoor deck! Convenient 2nd floor laundry. Generous sunlit 3rd floor with two added bedrooms and a quant sitting area perfect for homework or home office space. Semi-finished basement is bright with above-grade windows for added living space including a large rec room, bonus room, half bath, and storage! Finishes chosen by Designer, Sanem D'Angelo with Studio Sanem. Side drive to new 3 car garage! All new Anderson windows. Generac generator adds peace of mind! 3 heat sources! A boiler and 2 gas-forced air furnaces provide redundant heat! Blown-in spray foam insulation, 5/8" drywall, all new headers, and 4 steal I-beams! A short commute to Downtown Chicago, and O'Hare Airport! Close to Metra, schools, library, and Thatcher Woods.

Last Agent to Sell the Property

Rosa Pitassi

Compass License #475133054 Listed on: 10/03/2024

Compass

Last Buyer's Agent

DeVon Chandler

Real Broker LLC License #475177000

Real Broker LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,804

Year Built

  • Built in 1924 | Remodeled in 2024

Lot Details

  • Lot Dimensions are 50x230
  • Additional Parcels

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,982 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Bookcases
  • Skylights
  • Wood Burning Fireplace
  • Window Screens
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Recreation Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Sink Near Laundry

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch

Schools

  • Lincoln Elementary School
  • Roosevelt Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Forced Air Heating and Cooling System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Power Generator
  • Lake Michigan Water
  • Multiple Water Heaters
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,804

Year Built

Built in 1924 | Remodeled in 2024

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1924
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Rebuilt Year: 2024
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Range Hood
  • Basement: Partially Finished, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Amenities: Built-in Features, Walk-In Closet(s), Bookcases, Open Floorplan, Pantry
  • LivingArea: 3982
  • Other Equipment: Generator, Multiple Water Heaters, Water Heater-Gas
  • Room Type: Bonus Room, Bedroom 5, Enclosed Porch, Recreation Room
  • Window Features: Screens, Skylight(s)
  • Estimated Total Finished Sq Ft: 3982
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Square Footage Comments: 3982 + front porch: 391, back decks: 224 and Two upper decks: 216
  • Total Sq Ft: 3982
  • Flooring: Hardwood
  • ResoLivingAreaSource: Builder

Exterior Features

  • Construction Materials: Stucco
  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • OtherStructures: Garage(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Concrete, Side Driveway, Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 7

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s)
  • Laundry Features: Upper Level, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Roosevelt School

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X230
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16

Tax Info

  • Tax Annual Amount: 19803.74
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Apr 30, 2025
Sold by
Cozza Frank and Cozza Ann
Bought by
Lynum Alton and Wessel Teryn
Seller's Agent
Rosa Pitassi
Compass
Buyer's Agent
DeVon Chandler
Real Broker LLC
List Price
$1,395,000
Sold Price
$1,225,000
Premium/Discount to List
-$170,000
-12.19%
Views
383
Current Estimated Value
$747,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$477,667
Avg. Annual Appreciation
-51.18%
Original Mortgage
$775,000
Outstanding Balance
$768,268
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
-$37,268

Purchase Details

Closed on
Nov 14, 2020
Sold by
Lawinger Dorothy V
Bought by
Cozza Frank
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 Type Sale Price Title Company
Warranty Deed $1,225,000 None Listed On Document
Warranty Deed $300,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $775,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $1,225,000 -7.5% $308 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $1,325,000 -5.0% $333 / Sq Ft
01/27/2025 01/27/25 For Sale $1,395,000 0.0% $350 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
10/03/2024 10/03/24 For Sale $1,395,000 -- $350 / 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
2025 $641 $2,340 $2,340 --
2024 $641 $2,340 $2,340 --
2023 $283 $2,340 $2,340 --
2022 $283 $878 $878 $0
2021 $273 $877 $877 $0
2020 $267 $877 $877 $0
2019 $242 $780 $780 $0
2018 $229 $780 $780 $0
2017 $228 $780 $780 $0
2016 $204 $633 $633 $0
2015 $200 $633 $633 $0
2014 $183 $633 $633 $0
2013 $179 $633 $633 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12161437

Midwest Real Estate Data (MRED)

APN: 15-11-209-018-0000