NOT LISTED FOR SALE

550 Forest Ave Oak Park, IL 60302

Estimated Value: $637,000 - $1,292,000

3 Beds
2 Baths
1,288 Sq Ft
$742/Sq Ft Est. Value

Last Sold March 04, 2016

Last sale price $295,000 $229 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $6,536/month

111 Days on Market

Highlights

  • The property is located in a historic district
  • Deck
  • Main Floor Bedroom
  • Oliver W Holmes Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Holmes School Playground

About This Home

As of March 2016

FRANK LLOYD WRIGHT HISTORICAL DISTRICT BUNGALOW. LOCAL BANK OWNED IN NEED OF REPAIR. EXPANSIVE FIRST FLOOR, FULL BSMT, SIDE DRIVE AND GARAGE. WALK TO SCHOOL, DOWNTOWN OAK PARK AND TRANSPORTATION. NO WAITING FOR A SHORT SALE, WE CAN CLOSE FAST! PROPERTY SOLD IN AS-IS CONDITION.

Last Agent to Sell the Property

Julie Woolfe

Woolfe & Company Realtors Inc. License #471020868 Listed on: 10/30/2015

Co-Listed By

John Woolfe

Woolfe & Company Realtors Inc.

Last Buyer's Agent

Cynthia Howe Gajewski

Beyond Properties Realty Group License #475121010

Home Details

Home Type

  • Single Family

Year Built

  • 1927

Lot Details

  • 5,663

Parking

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

Home Design

  • Bungalow
  • Aluminum Siding

Interior Spaces

  • Sitting Room
  • Wood Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Unfinished Basement

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

Utilities

  • SpacePak Central Air
  • Radiant Heating System

Additional Features

  • Deck
  • The property is located in a historic district

Home Details

Home Type

Single Family

Year Built

1927

Lot Details

5,663 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Age: 81-90 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Style Of House: Bungalow
  • Type Detached: 1.5 Story
  • Estimated Year Built: 1927
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1927

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 22X14, On Level: Main Level, Flooring: Hardwood
  • Basement: Full
  • Basement: Unfinished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 12X10, On Level: Main Level
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Sitting Room
  • Master Bedroom: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Sitting, Dimensions: 11X7, On Level: Main Level
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 15X10, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 1288
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding
  • Exterior Property Features: Deck
  • Acreage: 0.1359

Garage/Parking

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

Utilities

  • Air Conditioner: Space Pac
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Radiant

Condo/Co-op/Association

  • Special Assessments: U

Schools

  • Junior High Dist: 97

Lot Info

  • Lot Dimensions: 5920 SF
  • Parcel Identification Number: 16063200140000

Tax Info

  • Taxes: 12249.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2017
Sold by
Factor Alexander and Factor Natasha
Bought by
Jeffrey Joseph and Crimson Trust 2007
Current Estimated Value
$955,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,100
Outstanding Balance
$466,915
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$488,485

Purchase Details

Closed on
Oct 28, 2016
Sold by
Equity Trust Co
Bought by
Reaf Solo 401K Trust

Purchase Details

Listed on
Oct 30, 2015
Closed on
May 3, 2016
Sold by
Equity Trust Co
Bought by
Reaf Solo 401K Trust
Seller's Agent
Julie Woolfe
Woolfe & Company Realtors Inc.
Buyer's Agent
Cynthia Howe Gajewski
Beyond Properties Realty Group
List Price
$329,900
Sold Price
$295,000
Premium/Discount to List
-$34,900
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%

Purchase Details

Closed on
Apr 10, 2015
Sold by
Callupe Jesus
Bought by
Tcf National Bank

Purchase Details

Closed on
Sep 28, 2004
Sold by
Burchill Robert J
Bought by
Callupe Jesus and Callupe Olga Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 16, 1993
Sold by
Burchill Robert J and Burchill Adrienne A
Bought by
Burchill Adrienne A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jeffrey Joseph $823,000 First American Title
Reaf Solo 401K Trust -- None Available
Reaf Solo 401K Trust -- None Available
Tcf National Bank -- None Available
Callupe Jesus $362,500 Multiple
Burchill Adrienne A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeffrey Joseph $576,100
Previous Owner Callupe Jesus $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2016 03/04/16 Sold $295,000 -4.8% $229 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
02/15/2016 02/15/16 Price Changed $309,900 -3.1% $241 / Sq Ft
12/16/2015 12/16/15 Price Changed $319,900 -3.0% $248 / Sq Ft
10/30/2015 10/30/15 For Sale $329,900 -- $256 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $17,175 $56,000 $7,696 $48,304
2024 $17,175 $56,000 $7,696 $48,304
2023 $10,891 $56,000 $7,696 $48,304
2022 $10,891 $37,158 $6,660 $30,498
2021 $10,647 $31,783 $6,660 $25,123
2020 $10,470 $31,783 $6,660 $25,123
2019 $11,084 $32,319 $6,068 $26,251
2018 $11,935 $32,319 $6,068 $26,251
2017 $3,140 $8,693 $6,068 $2,625
2016 $11,175 $27,765 $5,032 $22,733
2015 $13,182 $36,553 $5,032 $31,521
2014 $12,249 $36,553 $5,032 $31,521
2013 $11,185 $34,369 $5,032 $29,337
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Julie Woolfe

    Woolfe & Company Realtors Inc.

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    John Woolfe

    Woolfe & Company Realtors Inc.

    Section Image
  • Cynthia Howe Gajewski

    Buyer's Agent in 2016

    Cynthia Howe Gajewski

    Beyond Properties Realty Group

    (312) 933-8440

    121 in this area

    224 Total Sales

    Cynthia Howe Gajewski
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09075613

Midwest Real Estate Data (MRED)

APN: 16-06-320-014-0000

Illinois Cook County Oak Park 60302

550 Forest Ave, Oak Park, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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