NOT LISTED FOR SALE

701 N 5th Ave Unit 201 Addison, IL 60101

Addison Area

Estimated Value: $312,715

2 Beds
2 Baths
1,485 Sq Ft
4.19 Acre Lot

Sale Details

Date Sold: August 25, 2023

Last sale price $257,500 $173 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,457 / mo

7 Days on Market

Highlights

  • Lock-and-Leave Community
  • Corner Lot
  • Balcony
  • Addison Trail High School Rated 9+
  • Elevator
  • 1 Car Attached Garage

About This Home

As of August 2023

Welcome to the pre-approved short sale listing for the property located at 701 N. 5th Ave. #201, Addison, IL. Priced tens of thousands below market value!! This 2-bedroom, 2-bathroom condo is a great opportunity for buyers looking for a spacious and modern living space at an affordable price. The condo features an open-concept layout with hardwood floors and plenty of natural light. The living room and dining area are perfect for entertaining, while the fully-equipped kitchen features stainless steel appliances and granite countertops. The master bedroom includes a walk-in closet and an en-suite bathroom with a dual sink vanity, soaking tub, and separate shower. The second bedroom is perfect for guests or can be used as a home office. Additional features of this property include central air conditioning, a private balcony, washer & dryer in unit, and a designated heated parking garage. The short sale has been pre-approved at the above price. All offers must be equal or higher than asking price. Offers must include pre-approval letter and/or proof of funds. Contact us today to schedule a viewing!

Last Agent to Sell the Property

Basel Tarabein

RE/MAX At Home License #471008459 Listed on: 04/18/2023

RE/MAX At Home

Last Buyer's Agent

Oksana Kuleshko

KOMAR License #475182608

KOMAR

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,511

Year Built

  • Built in 2003

Lot Details

  • 4.19

HOA Fees

  • $287 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,485 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Wesley Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 10 Units
  • Michelle Association, Phone Number (630) 351-5600
  • Avanti Place Subdivision
  • Property managed by Dandre Management
  • Lock-and-Leave Community

Pet Policy

  • Pets up to 35 lbs
  • Dogs and Cats Allowed

Additional Features

  • Elevator
  • On-Site Manager or Management

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,511

Year Built

Built in 2003

Lot Details

4.19 Acres

HOA Fees

$287 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Avanti Place
  • Year Built: 2003
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: 12
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1485
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 1485
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 1485
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • 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: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 287
  • Association Amenities: Elevator(s), Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Dandre Management
  • Management Contact Name: Michelle
  • Management Phone: 630-351-5600
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Wesley Elementary School
  • High School: Addison Trail High School
  • Middle/Junior School: Indian Trail Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 35

Tax Info

  • Tax Annual Amount: 4511.26
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Aug 21, 2023
Sold by
Soliman Sohair
Bought by
Seller's Agent
Basel Tarabein
RE/MAX At Home
Buyer's Agent
Oksana Kuleshko
KOMAR
List Price
$240,000
Sold Price
$257,500
Premium/Discount to List
$17,500
7.29%
Views
79
Current Estimated Value
$312,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,215
Avg. Annual Appreciation
6.60%
Original Mortgage
$162,500
Outstanding Balance
$157,274
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$155,441

Purchase Details

Closed on
Feb 22, 2006
Sold by
Oxford Bank & Trust
Bought by
Soliman Karim S and Soliman Sohair

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,700
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Addison, IL

  • Shana Nirappil Real Estate Agent - Avian Realty

    Shana Nirappil

    Avian Realty

    (708) 938-3246

    18 Total Sales

    1 in Addison

    $290,000 Price

    Shana Nirappil
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  • Jeffrey Padesky Real Estate Agent - Real Broker, LLC

    Jeffrey Padesky

    Real Broker, LLC

    (847) 241-1543

    115 Total Sales

    1 in Addison

    $329,000 Price

    Jeffrey Padesky
     Section Image
  • Holly Connors Real Estate Agent - @properties Christie's International Real Estate

    Holly Connors

    @properties Christie's International Real Estate

    (773) 985-2352

    750 Total Sales

    10 in Addison

    $199K - $645K Price Range

    Holly Connors
     Section Image
  • Jason Rosenberg Real Estate Agent - Infiniti Properties, Inc.

    Jason Rosenberg

    Infiniti Properties, Inc.

    (833) 324-4132

    172 Total Sales

    1 in Addison

    $507,500 Price

    Jason Rosenberg
     Section Image
  • Erica Cuneen Real Estate Agent - Beyond Properties Realty Group

    Erica Cuneen

    Beyond Properties Realty Group

    (630) 757-8294

    308 Total Sales

    1 in Addison

    $455,000 Price

    Erica Cuneen
     Section Image
  • Laura Catrambone-Gerace Real Estate Agent - Coldwell Banker Stratford Place

    Laura Catrambone-Gerace

    Responds Quickly

    Coldwell Banker Stratford Place

    (224) 507-7159

    173 Total Sales

    1 in Addison

    $430,000 Price

    Laura Catrambone-Gerace
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$257,500 None Listed On Document
Soliman Karim S $258,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $162,500
Previous Owner Soliman Karim S $237,603
Previous Owner Soliman Karim S $230,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $257,500 +7.3% $173 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $240,000 -- $162 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,338 $75,743 $5,678 $70,065
2023 $5,126 $69,630 $5,220 $64,410
2022 $4,697 $63,770 $4,780 $58,990
2021 $4,511 $61,080 $4,580 $56,500
2020 $4,401 $58,510 $4,390 $54,120
2018 $4,567 $56,260 $4,220 $52,040
2017 $4,463 $53,770 $4,030 $49,740
2016 $4,369 $49,640 $3,720 $45,920
Source: Public Records

Agents Affiliated with this Home

  • Basel Tarabein Real Estate Agent - RE/MAX

    Seller's Agent in 2023

    Basel Tarabein

    RE/MAX

    (847) 828-2243

    268 Total Sales

    Basel Tarabein
    Section Image
  • Oksana Kuleshko Real Estate Agent - KOMAR

    Buyer's Agent in 2023

    Oksana Kuleshko

    KOMAR

    (773) 690-2393

    43 Total Sales

    Oksana Kuleshko
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11762179

Midwest Real Estate Data (MRED)

APN: 03-20-327-043

Illinois DuPage County Addison 60101

701 N 5th Ave Unit 201, Addison, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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