NOT LISTED FOR SALE

534 N Elmwood Ave Oak Park, IL 60302

Estimated Value: $738,473 - $929,000

4 Beds
2 Baths
1,632 Sq Ft
$505/Sq Ft Est. Value

Last Sold December 07, 2015

Last sale price $487,000 $298 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,749/month

27 Days on Market

Highlights

  • The property is located in a historic district
  • Deck
  • Wood Flooring
  • Whittier Elementary School Rated A
  • American Four Square Architecture
  • Attic

About This Home

As of December 2015

See the potential! This home has some things old and many things NEW! Bordering the estate section, centrally located Oak Park home has 4 bedrooms, 2 full baths and an attic ripe for expansion. Recent capital improvements include a rear addition, and tear off roof. Cook with pleasure in the lovely new kitchen with granite counters, stainless appliances and 42 inch cabinets. New first floor bath. Boiler around 6 years old, newer electrical service with circuit breakers. Drain tiles and sump pump. Set back from the street this out-sized lot has a freshly landscaped, large fenced back yard with new cement walks and patio. House is super clean and updates needed are straight forward. Finish the cosmetic details and have instant sweat equity. A great value.

Last Agent to Sell the Property

Vanessa Willey

Baird & Warner License #475122333 Listed on: 09/14/2015

Baird & Warner

Last Buyer's Agent

Bill Geldes

Baird & Warner License #475120540

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,719

Year Built

  • 1907

Lot Details

  • 8,581

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • American Four Square Architecture
  • Asphalt Shingled Roof
  • Aluminum Siding

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Stainless Steel Appliances

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property is near a bus stop
  • The property is located in a historic district

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Wood Flooring
  • Bathroom on Main Level
  • Basement Fills Entire Space Under The House
  • Fenced Yard
  • Attic

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,719

Year Built

1907

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Historical District
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: American 4-Sq.
  • Type Detached: 2 Stories
  • Estimated Year Built: 1907
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1907

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Full Bath
  • Number Of Rooms: 8
  • Living Room: Dimensions: 25X11, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Refrigerator, Washer, Dryer, All Stainless Steel Kitchen Appliances
  • Equipment: Ceiling Fan, Sump Pump
  • Attic: Full, Interior Stair
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: 14X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 16X12, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Attic
  • Master Bedroom: Dimensions: 13X11, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Attic, Dimensions: 15X14, On Level: 3rd Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level
  • Bedroom 3: Dimensions: 11X10, On Level: 2nd Level
  • Bedroom 4: Dimensions: 12X8, On Level: 2nd Level, Flooring: Hardwood
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Oversized Chicago Lot
  • Exterior Building Type: Aluminum Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Patio, Porch

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers, 150 Amp Service
  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam, Baseboard

Schools

  • School District: 200
  • Elementary School: WHITTIER ELEMENTARY SCHOOL
  • Middle School: GWENDOLYN BROOKS MIDDLE SCHOOL
  • High School: OAK PARK & RIVER FOREST HIGH SCH
  • Junior High Dist: 97

Lot Info

  • Lot Dimensions: 50X172
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 16064240040000

Tax Info

  • Taxes: 13343

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2015
Closed on
Dec 7, 2015
Sold by
Duignan James and Duignan Celeste
Bought by
Clipstone Neil A and Abreu Rosa M
Seller's Agent
Vanessa Willey
Baird & Warner
Buyer's Agent
Bill Geldes
Baird & Warner
List Price
$529,000
Sold Price
$487,000
Premium/Discount to List
-$42,000
-7.94%
Current Estimated Value
$824,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,118
Avg. Annual Appreciation
5.46%
Original Mortgage
$389,600
Outstanding Balance
$306,867
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$517,251

Purchase Details

Listed on
Aug 7, 2013
Closed on
Nov 15, 2013
Sold by
Samuelson Ramona C
Bought by
Duignan James and Duignan Celeste
Seller's Agent
Leo Mohan
Aaby Realty
Buyer's Agent
Vanessa Willey
Baird & Warner
List Price
$449,900
Sold Price
$410,000
Premium/Discount to List
-$39,900
-8.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$369,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Clipstone Neil A $487,000 Chicago Title
Duignan James $410,000 Git
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clipstone Neil A $389,600
Previous Owner Duignan James $369,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2015 12/07/15 Sold $487,000 -5.3% $298 / Sq Ft
10/11/2015 10/11/15 Pending -- -- --
10/07/2015 10/07/15 Price Changed $514,000 -2.8% $315 / Sq Ft
09/14/2015 09/14/15 For Sale $529,000 +29.0% $324 / Sq Ft
11/15/2013 11/15/13 Sold $410,000 -3.5% $195 / Sq Ft View Prior Sale
09/14/2013 09/14/13 Pending -- -- --
09/08/2013 09/08/13 Price Changed $425,000 -5.5% $202 / Sq Ft
08/07/2013 08/07/13 For Sale $449,900 -- $214 / 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 $16,719 $54,599 $11,180 $43,419
2023 $16,290 $54,599 $11,180 $43,419
2022 $16,290 $45,842 $9,675 $36,167
2021 $15,908 $45,842 $9,675 $36,167
2020 $15,602 $45,842 $9,675 $36,167
2019 $14,939 $42,368 $8,815 $33,553
2018 $16,438 $47,950 $8,815 $39,135
2017 $16,100 $47,950 $8,815 $39,135
2016 $16,055 $42,386 $7,310 $35,076
2015 $14,339 $42,386 $7,310 $35,076
2014 $13,343 $42,386 $7,310 $35,076
2013 $13,739 $44,846 $7,310 $37,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09038660

Midwest Real Estate Data (MRED)

APN: 16-06-424-004-0000