NOT LISTED FOR SALE

5540 Walnut Ave Unit 8B Downers Grove, IL 60515

Belmont Neighborhood

Estimated Value: $156,000 - $189,000

2 Beds
1 Bath
800 Sq Ft
$299/mo HOA Fee

Last Sold February 24, 2022

Last sale price $125,000 $156 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,463/month

94 Days on Market

Highlights

  • Detached Garage
  • Resident Manager or Management On Site
  • Senior Tax Exemptions
  • Lisle Elementary School Rated A-

About This Home

As of February 2022

Lovely 55+ Adult community. This is a bright 2 bedroom unit on the second floor with wood laminate flooring. Plenty of kitchen space & a roomy eating area. Large sliding glass door in the living room brings in the morning sun. Garage included!! Secure entry. Management on-site. Come and take your tour today!!

Last Agent to Sell the Property

Katherine Kautz

Century 21 Circle - Aurora License #475118980 Listed on: 10/01/2021

Century 21 Circle - Aurora

Last Buyer's Agent

Diane Paxson

Coldwell Banker Gladstone License #471001676

Coldwell Banker Gladstone

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,114

Year Built

  • 1967

Lot Details

  • 6

HOA Fees

  • $299 per month

Parking

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

Home Design

  • Brick Exterior Construction

Listing and Financial Details

  • Senior Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • 102 Units
  • Judy Duhai Association, Phone Number (630) 935-7814
  • Property managed by Self Management

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,114

Year Built

1967

Lot Details

0

HOA Fees

$299 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Property Type: Residential
  • Type Attached: Condo
  • Property Sub Type: Condo
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Adult Community
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Directions: Maple to Walnut, to Building 5540 on the Left.
  • Lot Size: 0000
  • New Construction: No
  • Ownership: Fee Simple w/ HO Assn.
  • Special Features: None
  • Year Built: 1967

Interior Features

  • Has Basement: None
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: No additional rooms
  • Stories: 4

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Garage Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Management
  • Management Contact Name: Judy Duhai
  • Management Phone: 630-935-7814
  • Association Fee: 299
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

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

Schools

  • Junior High Dist: 202

Lot Info

  • Special Assessments: N
  • Additional Parcels: Yes

Rental Info

  • Board Number: 5
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 102

Tax Info

  • Tax Exemptions: Senior,Senior Freeze
  • Tax Annual Amount: 1365
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Feb 17, 2022
Sold by
Brian Sinclair
Bought by
Kunstman Joseph A and Kunstman Bonnie L
Seller's Agent
Katherine Kautz
Century 21 Circle - Aurora
Buyer's Agent
Diane Paxson
Coldwell Banker Gladstone
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Current Estimated Value
$178,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,722
Avg. Annual Appreciation
9.27%
Original Mortgage
$100,000
Outstanding Balance
$94,997
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$74,719

Purchase Details

Closed on
Jul 26, 2021
Sold by
Sinclair Virginia
Bought by
Sinclair Brian

Purchase Details

Listed on
Nov 3, 2015
Closed on
Mar 3, 2016
Sold by
Benes Eduard and Benes Jarmila
Bought by
Sinclair Virginia
Seller's Agent
Edward Chapman
RE/MAX of Naperville
Buyer's Agent
Maxine Dugar
Charles Rutenberg Realty
List Price
$84,900
Sold Price
$76,500
Premium/Discount to List
-$8,400
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%
Original Mortgage
$10,500
Interest Rate
3.5%
Mortgage Type
Commercial
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
Kunstman Joseph A $125,000 First American Title
Sinclair Brian -- Attorney
Sinclair Virginia $76,500 Prism Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kunstman Joseph A $100,000
Previous Owner Sinclair Virginia $10,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $125,000 -3.8% $156 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
10/01/2021 10/01/21 For Sale $130,000 +69.9% $163 / Sq Ft
03/03/2016 03/03/16 Sold $76,500 -4.3% $96 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
11/04/2015 11/04/15 Price Changed $79,900 -5.9% $100 / Sq Ft
11/03/2015 11/03/15 For Sale $84,900 -- $106 / 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 $2,114 $42,557 $5,939 $36,618
2023 $2,095 $38,840 $5,420 $33,420
2022 $1,251 $29,690 $4,140 $25,550
2021 $1,175 $28,560 $3,980 $24,580
2020 $1,112 $28,050 $3,910 $24,140
2019 $1,063 $26,840 $3,740 $23,100
2018 $682 $21,250 $2,960 $18,290
2017 $910 $19,310 $2,690 $16,620
2016 $1,285 $18,610 $2,590 $16,020
2015 $1,277 $17,530 $2,440 $15,090
2014 $1,291 $17,530 $2,440 $15,090
2013 $1,365 $18,900 $2,630 $16,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11234877

Midwest Real Estate Data (MRED)

APN: 08-11-412-044