NOT LISTED FOR SALE

557 N 4th Ave Unit A Des Plaines, IL 60016

Estimated Value: $306,000 - $357,000

3 Beds
1.5 Baths
1,381 Sq Ft
$245/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $305,000 $221 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,417/month

3 Days on Market

Highlights

  • Vaulted Ceiling
  • Living Room
  • Porcelain Tile
  • Cumberland Elementary School Rated A
  • Laundry Room
  • 2-minute walk to Hawaii Park

About This Home

As of May 2023

MULTIPLE OFFERS RECEIVED. HIGHEST and BEST DUE BY MONDAY 5pm (MAY 1st). This is a SPECIAL one indeed! Remodeled and updated throughout.. This beauty will not last! Must see Spacious duplex located in a great central location. Great open concept main level living space with a remodeled kitchen with open to a dining area which flows into a living room with sliding glass doors for natural light and access to the backyard. Main level laundry room with full size washer and dryer and a powder room. A few steps up is a light and bright family room with a vaulted ceiling, and a wall of windows. The upper level of the home has three good-sized bedrooms that share a full bathroom with a tub/shower. Private driveway with parking for two cars. Many updates: 2021 Kitchen remodel, all new Stainless steel appliances 2021, both bathroom remodel 2021, new tiles in living room 2021, HVAC 2021, Washer/Dryer 2021, New carpet in bedrooms 2021, Roof/siding 2022, Shed 2018

Last Agent to Sell the Property

Satej Patel

ARNI Realty Incorporated License #475172517 Listed on: 04/28/2023

ARNI Realty Incorporated

Last Buyer's Agent

Thomas Kuruvilla

Achieve Real Estate Group Inc License #475167828

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,456

Year Built

  • Built in 1965

Lot Details

  • 3,136

Home Design

  • Half Duplex

Interior Spaces

  • 1,381 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Laundry Room

Flooring

  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Cumberland Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

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

Community Details

Overview

  • 2 Units

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,456

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: 1/2 Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1/2 Duplex
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted/Cathedral Ceilings
  • LivingArea: 1381
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1381
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 295000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cumberland Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School
  • Middle/Junior School District: 62

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3105
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5456.12
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
May 13, 2023
Sold by
Patel Dhruvkumar S
Bought by
John Thresiamma and Kuruvilla John
Seller's Agent
Satej Patel
ARNI Realty Incorporated
Buyer's Agent
Thomas Kuruvilla
Achieve Real Estate Group Inc
List Price
$295,000
Sold Price
$305,000
Premium/Discount to List
$10,000
3.39%
Views
103
Current Estimated Value
$338,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,336
Avg. Annual Appreciation
4.99%

Purchase Details

Closed on
Jul 27, 2020
Sold by
Patel Pravin B and Patel Nima P
Bought by
Patel Dhruvkumar S and Patel Neel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2010
Sold by
Patel Sharmilaben M
Bought by
Patel Pravin B and Patel Nima P

Purchase Details

Closed on
May 8, 2006
Sold by
Patel Bhemabhai R and Patel Kantaben B
Bought by
Patel Pravin B and Patel Nima P

Purchase Details

Closed on
Apr 28, 2006
Sold by
Patel Bhagabhai R and Patel Kamuben B
Bought by
Patel Pravin B and Patel Nima P

Purchase Details

Closed on
Sep 22, 1995
Sold by
El Dinary Said M and El Dinary Phyllis G
Bought by
Patel Bhagabhai R and Patel Kamuben B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
7.68%
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
John Thresiamma $305,000 Altima Title
Patel Dhruvkumar S $170,000 Altima Title Llc
Patel Pravin B -- None Available
Patel Pravin B -- None Available
Patel Pravin B -- None Available
Patel Bhagabhai R $131,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Dhruvkumar S $161,500
Previous Owner Patel Bhagabhai R $105,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $305,000 +3.4% $221 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $295,000 -- $214 / 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 $6,591 $25,000 $3,000 $22,000
2023 $6,432 $25,000 $3,000 $22,000
2022 $6,432 $25,000 $3,000 $22,000
2021 $5,456 $17,750 $2,188 $15,562
2020 $4,426 $17,750 $2,188 $15,562
2019 $4,444 $19,944 $2,188 $17,756
2018 $4,074 $17,058 $1,876 $15,182
2017 $4,020 $17,058 $1,876 $15,182
2016 $4,046 $17,058 $1,876 $15,182
2015 $3,737 $14,983 $1,641 $13,342
2014 $3,674 $14,983 $1,641 $13,342
2013 $3,565 $14,983 $1,641 $13,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11769889

Midwest Real Estate Data (MRED)

APN: 09-07-215-026-0000