NOT LISTED FOR SALE

555 Oldfield Rd Downers Grove, IL 60516

Estimated Value: $433,000 - $586,574

3 Beds
2 Baths
2,655 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $475,000 $179 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,506/month

2 Days on Market

Highlights

  • Open Floorplan
  • Cape Cod Architecture
  • Deck
  • Concord Elementary School Rated A
  • Mature Trees
  • Vaulted Ceiling

About This Home

As of May 2024

*Multiple offers received, Highest & Best due Sunday at 12p* Welcome to your dream home on more than a half acre! This remodeled gem located in Downers Grove boasts all the finishes you've been searching for, coupled with convenient amenities. Nestled on a beautiful unincorporated wooded lot, this property is located within minutes of amazing amenities; Meyer Woods, a recently renovated pavilion and playground, Oldfield Oaks Forest Preserve with walking trail and dog park, 5 minute drive to Waterfall Glen trail system, 15 min drive to the Downers Grove and Lemont Train stations plus, easy access to I55! Step inside to discover a beautifully updated space featuring granite countertops, stainless steel Whirlpool appliances, in-wall speakers on first floor and updated light fixtures throughout. The neutral paint colors provide a canvas for your personal style to shine. Gorgeous hardwood floors flow seamlessly throughout the home, creating an inviting atmosphere. Perfect for hobbyists and enthusiasts, the extended two-car garage comes complete with a separate workshop, offering ample space for your projects and storage needs or can be used as a 3rd garage. Need more room? The finished basement space adds versatility for use as a 3rd bedroom, work space or additional living space to this already impressive property. This is the perfect opportunity for buyers seeking a blend of workshop space, land, and modern comforts in an area where such features are hard to come by. Newer septic, HVAC with zone dampers, well water peroxide injection system. Washer & Dryer not included. Owner is an IL licensed real estate broker. Garage and workshop are sold as-is.

Last Agent to Sell the Property

Kate Shields

Baird & Warner License #475125345 Listed on: 03/28/2024

Baird & Warner

Last Buyer's Agent

Matthew Neistat

Jameson Sotheby's Intl Realty License #475156088

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,090

Year Built

  • Built in 1987 | Remodeled in 2018

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 180x200x50x241
  • Mature Trees

Parking

  • 3 Car Detached Garage
  • 2 Open Parking Spaces
  • Garage ceiling height seven feet or more
  • Driveway
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Traditional Architecture
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,655 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Combination Dining and Living Room
  • Unfinished Attic
  • Laundry in unit

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Shed

Schools

  • Concord Elementary School
  • Cass Junior High School
  • Hinsdale South High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,090

Year Built

Built in 1987 | Remodeled in 2018

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod, Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1987
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: Full, English
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, First Floor Full Bath, Walk-In Closet(s), Beamed Ceilings, Open Floorplan, Some Carpeting, Granite Counters
  • LivingArea: 2655
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Deck, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Attic: Unfinished
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Workshop
  • Foundation Details: Concrete Perimeter
  • List Price: 439990
  • Lot Features: Mature Trees
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 3
  • OpenParkingSpaces: 2
  • ParkingTotal: 5
  • Driveway: Asphalt
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Concord Elementary School
  • High School: Hinsdale South High School
  • Middle/Junior School: Cass Junior High School
  • Middle/Junior School District: 63

Lot Info

  • Lot Size Acres: 0.53
  • Lot Dimensions: 180X200X50X241
  • Rural (Y/N): N
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7090
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 23, 2024
Sold by
Dennen Jeremiah
Bought by
Dennen Kaitlynn and Dennen Jeremiah
Seller's Agent
Kate Shields
Baird & Warner
Buyer's Agent
Matthew Neistat
Jameson Sotheby's Intl Realty
List Price
$439,990
Sold Price
$475,000
Premium/Discount to List
$35,010
7.96%
Views
107
Current Estimated Value
$526,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,644
Avg. Annual Appreciation
5.13%
Original Mortgage
$451,250
Outstanding Balance
$446,639
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$60,554

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 26, 2024
Sold by
King Michael and King Courtney
Bought by
Dennen Jeremiah David and Dennon Jeremiah
Seller's Agent
Kate Shields
Baird & Warner
Buyer's Agent
Matthew Neistat
Jameson Sotheby's Intl Realty
List Price
$439,990
Sold Price
$475,000
Premium/Discount to List
$35,010
7.96%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Outstanding Balance
$446,639
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$60,554

Purchase Details

Listed on
Feb 25, 2018
Closed on
Jul 23, 2018
Sold by
Hadlock Richard B and Hadlock Richard B
Bought by
King Michael
Seller's Agent
Scott Gerami
Real Time Realty LLC
Buyer's Agent
Cheryl Dietz
john greene, Realtor
List Price
$344,900
Sold Price
$315,000
Premium/Discount to List
-$29,900
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$252,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2017
Sold by
555 Oldfield Llc
Bought by
Hadlock Richard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2016
Closed on
Dec 27, 2016
Sold by
Security First Financial Corporation
Bought by
555 Oldfield Llc
Seller's Agent
Michael Kevorkian
New Market Realty Inc
Buyer's Agent
Ronald Mouw
Kale Realty
List Price
$205,000
Sold Price
$195,000
Premium/Discount to List
-$10,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.64%

Purchase Details

Closed on
Feb 23, 2016
Sold by
Private Ventures Inc
Bought by
Security First Financial Corporation

Purchase Details

Closed on
Sep 17, 2013
Sold by
Andrus Anna J and Estate Of Betty J Andrus
Bought by
Private Ventures Inc
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
Dennen Kaitlynn -- None Listed On Document
Dennen Jeremiah David $475,000 Proper Title
King Michael -- Citywide Title Corporation
Hadlock Richard B $200,000 Chicago Title Insurance Comp
555 Oldfield Llc $195,000 Saturn Title Llc
Security First Financial Corporation -- Accommodation
Private Ventures Inc $80,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dennen Jeremiah David $451,250
Previous Owner Ing Michael $248,000
Previous Owner King Michael $252,000
Previous Owner Hadlock Richard B $190,000
Previous Owner Private Ventures Inc $160,000
Previous Owner Andrus Betty J $46,549
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2024 05/09/24 Sold $475,000 +8.0% $179 / Sq Ft
03/31/2024 03/31/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $439,990 +39.7% $166 / Sq Ft
07/23/2018 07/23/18 Sold $315,000 -4.5% $119 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
05/17/2018 05/17/18 Price Changed $329,900 -3.0% $124 / Sq Ft
05/10/2018 05/10/18 Price Changed $340,000 -1.4% $128 / Sq Ft
05/07/2018 05/07/18 For Sale $344,900 +9.5% $130 / Sq Ft
04/08/2018 04/08/18 Off Market $315,000 -- --
04/03/2018 04/03/18 Price Changed $344,900 -1.4% $130 / Sq Ft
03/22/2018 03/22/18 Price Changed $349,900 -4.1% $132 / Sq Ft
03/16/2018 03/16/18 Price Changed $364,900 -2.7% $137 / Sq Ft
03/05/2018 03/05/18 Price Changed $374,900 -3.8% $141 / Sq Ft
02/25/2018 02/25/18 For Sale $389,900 +99.9% $147 / Sq Ft
12/27/2016 12/27/16 Sold $195,000 -4.9% $73 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $205,000 0.0% $77 / Sq Ft
12/09/2016 12/09/16 Price Changed $205,000 -4.2% $77 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
11/17/2016 11/17/16 Price Changed $214,000 -4.5% $81 / Sq Ft
11/04/2016 11/04/16 Price Changed $224,000 -4.3% $84 / Sq Ft
06/23/2016 06/23/16 Price Changed $234,000 -2.1% $88 / Sq Ft
06/18/2016 06/18/16 Price Changed $239,000 -4.0% $90 / Sq Ft
06/05/2016 06/05/16 Price Changed $249,000 -2.4% $94 / Sq Ft
05/29/2016 05/29/16 Price Changed $255,000 -3.8% $96 / Sq Ft
05/18/2016 05/18/16 For Sale $265,000 -- $100 / 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 $7,705 $142,382 $62,755 $79,627
2023 $7,372 $130,890 $57,690 $73,200
2022 $7,090 $125,750 $55,430 $70,320
2021 $6,547 $124,320 $54,800 $69,520
2020 $6,422 $121,850 $53,710 $68,140
2019 $6,161 $116,910 $51,530 $65,380
2018 $5,806 $107,260 $46,590 $60,670
2017 $4,427 $80,620 $44,830 $35,790
2016 $4,336 $82,970 $42,780 $40,190
2015 $4,244 $78,060 $40,250 $37,810
2014 $4,656 $83,960 $39,130 $44,830
2013 $5,449 $100,260 $55,640 $44,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12013419

Midwest Real Estate Data (MRED)

APN: 10-05-202-003