NOT LISTED FOR SALE

5400 Walnut Ave Unit 812 Downers Grove, IL 60515

Belmont Neighborhood

Estimated Value: $202,000 - $212,000

2 Beds
2 Baths
1,019 Sq Ft
$320/mo HOA Fee

Last Sold March 01, 2022

Last sale price $169,000 $166 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,648/month

87 Days on Market

Highlights

  • Balcony
  • 1 Car Attached Garage
  • Resident Manager or Management On Site
  • Lisle Elementary School Rated A-
  • Living Room
  • No Interior Steps

About This Home

As of March 2022

Penthouse with great east exposure and view of Chicago Skyline with a heated garage parking spot (#5). Newly remodeled in 2020 and freshly painted with same floor laundry room, which is right next to the unit. New HVAC installed in 2020. Kitchen remodeled with quartz countertops, stainless steel faucet, new updated lighting with a large pantry. New luxury vinyl tile flooring in the living room, dining room, kitchen, and hallway. Bathrooms have new quartz countertops. Spacious bedrooms with large closets for storage and also a storage unit in the basement. This location offers quick access to all expressways - I-355, I-88 and I-55 & right by the Belmont Metro train station as well!

Last Agent to Sell the Property

Jennifer Lechner

Coldwell Banker Gladstone License #475134992 Listed on: 11/05/2021

Coldwell Banker Gladstone

Last Buyer's Agent

Rod Rivera

Keller Williams Premiere Properties License #471004746

Keller Williams Premiere Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,393

Year Built

  • Built in 1979 | Remodeled in 2020

Lot Details

  • 8

HOA Fees

  • $320 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,019 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessibility Features
  • No Interior Steps

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • Additional Parcels

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, clubhouse, exterior maintenance, lawn care, scavenger, snow removal
  • 119 Units
  • Manager Association, Phone Number (847) 490-3833
  • Terraces Subdivision
  • Property managed by Associa Chicagoland
  • 8-Story Property

Pet Policy

  • Cats Allowed

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,393

Year Built

Built in 1979 | Remodeled in 2020

Lot Details

0

HOA Fees

$320 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Terraces
  • Year Built: 1979
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 8
  • Rehab Year: 2020
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1019
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 8
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1019
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Second Bedroom Flooring: Carpet
  • Dining Room Flooring: Vinyl
  • Kitchen Flooring: Vinyl
  • Living Room Flooring: Vinyl
  • Primary Bedroom Bath: Full
  • Master Bedroom Flooring: Carpet

Exterior Features

  • List Price: 169900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 320
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Associa Chicagoland
  • Management Contact Name: Manager
  • Management Phone: 847-490-3833
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Clubhouse, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 202

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2392.72
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 119

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Feb 25, 2022
Sold by
Locigno Russell P
Bought by
Wales Christine
Seller's Agent
Jennifer Lechner
Coldwell Banker Gladstone
Buyer's Agent
Rod Rivera
Keller Williams Premiere Properties
Sold Price
$169,000
Current Estimated Value
$208,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,551
Avg. Annual Appreciation
6.16%
Original Mortgage
$50,000
Outstanding Balance
$44,241
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$163,331

Purchase Details

Closed on
Oct 11, 1995
Sold by
Andrews John R
Bought by
Locigno Russell P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Wales Christine $169,000 Dvorak John E
Locigno Russell P -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wales Christine $50,000
Previous Owner Locigno Russell P $80,000
Previous Owner Locigno Russell P $70,000
Previous Owner Locigno Russell P $52,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $169,000 -0.5% $166 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
11/16/2021 11/16/21 For Sale -- -- --
11/08/2021 11/08/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $169,900 -- $167 / 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 $2,110 $53,142 $7,210 $45,932
2023 $2,751 $48,500 $6,580 $41,920
2022 $2,251 $39,640 $5,380 $34,260
2021 $2,150 $38,140 $5,180 $32,960
2020 $2,051 $37,460 $5,090 $32,370
2019 $2,002 $35,840 $4,870 $30,970
2018 $1,643 $30,710 $4,170 $26,540
2017 $1,498 $27,910 $3,790 $24,120
2016 $1,443 $26,900 $3,650 $23,250
2015 $1,408 $25,330 $3,440 $21,890
2014 $1,423 $25,330 $3,440 $21,890
2013 $1,724 $29,870 $4,060 $25,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11263858

Midwest Real Estate Data (MRED)

APN: 08-11-416-116