NOT LISTED FOR SALE

561 Drexel Ave Glencoe, IL 60022

Estimated Value: $1,372,000 - $1,740,000

4 Beds
4.5 Baths
3,000 Sq Ft
$523/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $1,470,000 $490 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,101/month

10 Days on Market

Highlights

  • Property is near park
  • Family Room with Fireplace
  • Traditional Architecture
  • Central School Rated A
  • Recreation Room
  • Wood Flooring

About This Home

As of June 2024

Welcome to this exquisite, contemporary home located in the heart of Glencoe. Built in 1995 and meticulously updated from 2018 to 2021, this five bedroom, four and a half bath residence exudes timeless elegance and modern luxury. Step inside to discover a thoughtfully refreshed interior. The mudroom and laundry room have been beautifully reconstructed to include a laundry sink, large mudroom cubbies and closets, as well as extra storage from the attached two-car garage. As you come inside the home, there are newly updated and refinished hardwood floors. The kitchen has been completely updated to include quartzite countertops, a new island, pantry space and an eat-in kitchen area. Stainless steel appliances and a double oven round out the amazing kitchen space. The first floor was also reconfigured with a spacious and convenient office with built-in, floor-to-ceiling shelving. Off the kitchen is a cozy family room with three sets of sliding doors outside from both spaces. The dining room and living room offer ample space for both relaxation and entertainment. Upstairs, the second floor offers four bedrooms including a luxurious primary suite with his and hers closets and a beautifully refreshed marble bathroom. Additionally, one bedroom features an ensuite bathroom, while two others share a spacious bathroom, ensuring comfort and convenience for all. The basement has been intelligently reconfigured to include a full bedroom and bathroom, along with a generous recreation area, another den/music room, and a large storage room, offering versatility for various lifestyle needs. Outside, the backyard is a tranquil oasis with a wide expanse and a large brick patio, perfect for outdoor gatherings and leisurely moments. Enjoy the convenience of walking to Hubbard Woods and downtown Glencoe, as well as easy access to schools (only a short walk to South school) and parks. This impeccably updated home offers the perfect blend of sophistication, comfort, and convenience, promising an unparalleled living experience in one of Glencoe's most desirable neighborhoods.

Last Agent to Sell the Property

Ashley Kain Spector

Compass License #475172106 Listed on: 04/03/2024

Compass

Last Buyer's Agent

Rita Baba

Redfin Corporation License #471015840

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,002

Year Built

  • Built in 1995 | Remodeled in 2018

Lot Details

  • 10,498 Sq Ft Lot
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Brick Driveway
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Gas Log Fireplace
  • Mud Room
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Home Office
  • Recreation Room
  • Storage Room
  • Wood Flooring
  • Unfinished Attic

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Schools

  • South Elementary School
  • Central Middle School
  • New Trier Twp High School Northfield/Wi

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water

Additional Features

  • Patio
  • Property is near park

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,002

Year Built

Built in 1995 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1995
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Built-in Features, Walk-In Closet(s)
  • LivingArea: 3000
  • Room Type: Bedroom 5, Den, Office, Recreation Room, Mud Room, Storage
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0
  • Attic: Unfinished
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: South Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Middle/Junior School: Central School
  • Elementary School #2: West School

Lot Info

  • Lot Size Acres: 0.241
  • Lot Dimensions: 10500
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 23001.76
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Jun 4, 2024
Sold by
Yamin Jacky D and Yamin Erika L
Bought by
Chu Michael and Sun Julia Lailai
Seller's Agent
Ashley Kain Spector
Compass
Buyer's Agent
Rita Baba
Redfin Corporation
List Price
$1,495,000
Sold Price
$1,470,000
Premium/Discount to List
-$25,000
-1.67%
Views
1037
Current Estimated Value
$1,570,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,408
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,176,000
Outstanding Balance
$1,156,877
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$413,531

Purchase Details

Listed on
Jan 10, 2018
Closed on
May 9, 2018
Sold by
Trabaris Douglas W and Trabaris Valerie E
Bought by
Yamin Jacky D and Yamin Erika L
Seller's Agent
Valerie Trabaris
Lifestyle Properties
Buyer's Agent
Stephanie Sadoff
@properties Christie's International Real Estate
List Price
$959,000
Sold Price
$900,000
Premium/Discount to List
-$59,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$700,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Koo Samson and Koo Patricia
Bought by
Trabaris Douglas W and Trabaris Valerie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2003
Sold by
Kane Patrick and Kane Victoria
Bought by
Koo Samson and Koo Patricia

Purchase Details

Closed on
Jul 2, 1997
Sold by
Semar Scott and Butzbach Charles N
Bought by
Kane Patrick and Kane Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
7.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 17, 1994
Sold by
Cohn Lee B and Cohn Margaret E
Bought by
Butzbach Charles N and Semar Scott
Source: Public Records
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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
Chu Michael $1,470,000 Chicago Title
Yamin Jacky D $900,000 Chicago Title
Trabaris Douglas W $1,050,000 Stewart Title Of Illinois
Koo Samson $1,095,000 Chicago Title Insurance Co
Kane Patrick $730,000 --
Butzbach Charles N $193,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Michael $1,176,000
Previous Owner Yamin Jacky D $700,000
Previous Owner Trabaris Douglas W $560,000
Previous Owner Kane Patrick $584,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2024 06/26/24 Sold $1,470,000 -1.7% $490 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $1,495,000 +66.1% $498 / Sq Ft
05/15/2018 05/15/18 Sold $900,000 -5.2% $301 / Sq Ft View Prior Sale
04/16/2018 04/16/18 Pending -- -- --
03/15/2018 03/15/18 Price Changed $949,000 -1.0% $317 / Sq Ft
01/10/2018 01/10/18 For Sale $959,000 -- $320 / 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
2025 $23,639 $142,000 $29,400 $112,600
2024 $23,639 $99,818 $26,250 $73,568
2023 $23,002 $99,818 $26,250 $73,568
2022 $23,002 $104,000 $26,250 $77,750
2021 $22,503 $81,821 $18,900 $62,921
2020 $21,911 $81,821 $18,900 $62,921
2019 $21,994 $88,936 $18,900 $70,036
2018 $25,780 $104,848 $16,800 $88,048
2017 $25,061 $104,848 $16,800 $88,048
2016 $23,733 $104,848 $16,800 $88,048
2015 $20,618 $81,344 $13,912 $67,432
2014 $20,123 $81,344 $13,912 $67,432
2013 $19,180 $81,344 $13,912 $67,432
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12010010

Midwest Real Estate Data (MRED)

APN: 05-18-209-018-0000