NOT LISTED FOR SALE

557 Franklin Ave River Forest, IL 60305

Estimated Value: $783,000 - $878,000

4 Beds
3 Baths
1,640 Sq Ft
$516/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $660,000 $402 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,783/month

39 Days on Market

Highlights

  • Sauna
  • Landscaped Professionally
  • Recreation Room
  • Lincoln Elementary School Rated A
  • Deck
  • Wooded Lot

About This Home

As of November 2020

This is truly a great opportunity to purchase a well-designed ranch home in the heart of River Forest. The main floor features a cozy living room/family room with picture windows, a gas fire place and which opens to the a lovely patio. The spacious eat-in kitchen features all stainless appliances and booth-style breakfast seating. The dining room features picture window looking out to the back yard. The front room features lots of lights, big picture windows and a gorgeous French door. It can be used as living room, office or bedroom. An exciting feature of this home is the basement which has a sauna, kitchen, a huge family activities space, and a guest bedroom, as well. A large ball pit for children can stay with the home. Very walkable to local elementary school, middle school, parks, library, Metra and all that downtown River Forest offers!

Last Agent to Sell the Property

Yanfei Hu

Berkshire Hathaway HomeServices Chicago License #475157365 Listed on: 09/09/2020

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Kirstin Gloor

Coldwell Banker Realty License #475144911

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,527

Year Built

  • 1960

Lot Details

  • Southern Exposure
  • East or West Exposure
  • Landscaped Professionally
  • Wooded Lot

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Side Driveway
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Wet Bar
  • Wood Burning Fireplace
  • Entrance Foyer
  • Recreation Room
  • Lower Floor Utility Room
  • Sauna

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Bidet
  • Soaking Tub
  • Shower Body Spray

Laundry

  • Dryer
  • Washer

Finished Basement

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

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,527

Year Built

1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 51-60 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Interior Property Features: Sauna/Steam Room, Bar-Wet, Hardwood Floors, Wood Laminate Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • Number Of Rooms: 9
  • Living Room: Dimensions: 20X14, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Wine Cooler/Refrigerator
  • Equipment: Sump Pump
  • Fireplace Details: Wood Burning
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Bidet, Full Body Spray Shower, Soaking Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 10X9, On Level: Basement
  • Dining Room: Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 16X10, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Closet
  • Additional Rooms: Foyer, Recreation Room, Utility Room-Lower Level, Walk In Closet
  • Master Bedroom: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood
  • Additional Room 1 Name: Recreation Rm, Dimensions: 19X18, On Level: Basement, Flooring: Wood Laminate
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood
  • Additional Room 3 Name: Foyer, Dimensions: 11X15, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 3: Dimensions: 15X11, On Level: Main Level, Flooring: Hardwood
  • Additional Room 4 Name: Other, Dimensions: 8X6, On Level: Basement
  • Bedroom 4: Dimensions: 15X13, On Level: Main Level, Flooring: Hardwood
  • Additional Room 5 Name: Utility Room-Lower Level, Dimensions: 11X11, On Level: Basement
  • Additional Room 6 Name: Walk in Closet, Dimensions: 9X5, On Level: Main Level
  • Dining Room Type: Separate
  • Family Room: Dimensions: 23X24, On Level: Basement, Flooring: Wood Laminate

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick, Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Patio
  • Exposure: N (North), S (South), W (West)
  • Acreage: 0.2319

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt, Side Drive
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 200
  • Elementary School: Lincoln Elementary School
  • High School: Oak Park & River Forest High Sch
  • Junior High Dist: 90
  • Elementary School #2: ROOSEVELT SCHOOL

Lot Info

  • Lot Dimensions: 50 X 201
  • Lot Description: Landscaped Professionally, Wooded
  • Parcel Identification Number: 15121100460000

Tax Info

  • Taxes: 13828.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Nov 23, 2020
Sold by
Cune Ron and Zheng Jinran
Bought by
Mcginn Matthew and Mcginn Layney Niccole
Seller's Agent
Yanfei Hu
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Kirstin Gloor
Coldwell Banker Realty
List Price
$730,000
Sold Price
$660,000
Premium/Discount to List
-$70,000
-9.59%
Current Estimated Value
$845,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,611
Avg. Annual Appreciation
4.33%
Original Mortgage
$510,400
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2015
Closed on
Apr 30, 2015
Sold by
Dalasta Darren and Dalasta Nora
Bought by
Cune Ron and Zheng Jinran
Seller's Agent
Kara Keller
Baird & Warner
Buyer's Agent
Laura Talaske
@properties Christie's International Real Estate
List Price
$559,000
Sold Price
$575,500
Premium/Discount to List
$16,500
2.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.50%
Original Mortgage
$417,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2011
Sold by
Leonhard Chunlin and Leonhard Christoph
Bought by
Dalasta Darren and Dalasta Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 1997
Sold by
Smith Barbara S and Hazinski Thomas A
Bought by
Lin Leonard Christoph and Lin Leonard Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.81%

Purchase Details

Closed on
Jun 22, 1995
Sold by
Leonard J Trankina Living Trust
Bought by
Hazinski Thomas and Smith Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.79%
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
Mcginn Matthew $660,000 Near North Title Group Llc
Cune Ron $575,500 Baird & Warner Title Svcs In
Dalasta Darren $505,000 Attorneys Title Guaranty Fun
Lin Leonard Christoph $270,000 --
Hazinski Thomas $274,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcginn Matthew $510,400
Previous Owner Zheng Jinran $407,000
Previous Owner Cune Ron $417,000
Previous Owner Dalasta Darren $390,750
Previous Owner Dalasta Darren $399,000
Previous Owner Dalasta Darren $404,000
Previous Owner Leonhard Christoph $220,000
Previous Owner Leonhard Chunlin $251,500
Previous Owner Leonhard Christoph $199,000
Previous Owner Leonhard Chunlin $116,000
Previous Owner Leonhard Christoph $205,000
Previous Owner Lin Leonard Christoph $256,000
Previous Owner Hazinski Thomas $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $660,000 -4.2% $402 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
09/28/2020 09/28/20 Price Changed $689,000 -5.6% $420 / Sq Ft
09/09/2020 09/09/20 For Sale $730,000 +26.8% $445 / Sq Ft
05/15/2015 05/15/15 Sold $575,500 +3.0% $183 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $559,000 -- $178 / 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 $14,527 $53,064 $13,130 $39,934
2023 $14,226 $55,024 $13,130 $41,894
2022 $14,226 $44,054 $11,363 $32,691
2021 $13,700 $44,053 $11,362 $32,691
2020 $12,444 $44,053 $11,362 $32,691
2019 $13,828 $47,974 $10,352 $37,622
2018 $13,089 $47,974 $10,352 $37,622
2017 $13,060 $47,974 $10,352 $37,622
2016 $14,230 $46,731 $8,585 $38,146
2015 $13,939 $46,731 $8,585 $38,146
2014 $13,780 $50,172 $8,585 $41,587
2013 -- $50,500 $8,585 $41,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10853329

Midwest Real Estate Data (MRED)

APN: 15-12-110-046-0000