Seller's Agent in 2025
Sang Han
Platinum Partners Realtors
(773) 717-2227
1 in this area
204 Total Sales
7110 Terrace Dr Downers Grove, IL 60516
South Downers Grove Neighborhood
3
Beds
2
Baths
2,022
Sq Ft
9,148
Sq Ft Lot
Highlights
- Waterfront
- Community Lake
- Pond
- Kingsley Elementary School Rated A-
- Property is near a park
- 2-minute walk to Dunham Place Park
About This Home
As of February 2025Enjoy the perfect blend of comfort and style with this stunning Gallagher & Henry split-level home, situated on a serene cul-de-sac with breathtaking pond views. This 3-bedroom home offers a spacious living room with a bay window, filling the space with natural light and highlighting the picturesque scenery. Hardwood floors grace the living and dining rooms, as well as the bedrooms, while vinyl plank flooring adds a modern touch to the foyer and kitchen. The kitchen is equipped with stainless steel appliances, including a new dishwasher and built-in microwave, granite countertops, and 42-inch cabinets for plenty of storage. A cozy fireplace warms the large family room, perfect for relaxing evenings. This meticulously maintained home has been recently painted inside and out. Over 10K has been invested in professional landscaping, including roses, trees, and perennials. The roof was replaced in 2022, ensuring peace of mind for years to come. Located in a quiet neighborhood, this home offers easy access to schools, parks, shopping centers, and expressways, with both I-355 and I-55 nearby. It is part of the award-winning Downers Grove South High School and Kingsley Elementary School district.
Last Agent to Sell the Property
Platinum Partners Realtors License #475179051 Listed on: 09/25/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,962
Year Built
- Built in 1984
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 42x130x98x45x115
- Waterfront
- Paved or Partially Paved Lot
Parking
- 2 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Split Level Home
- Bi-Level Home
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,022 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Family Room with Fireplace
- Living Room
- L-Shaped Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Sump Pump
- Crawl Space
Outdoor Features
- Pond
- Patio
- Shed
Location
- Property is near a park
Schools
- Kingsley Elementary School
- O Neill Middle School
- South High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
- Dunham Place Subdivision
- Community Lake
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2024
Closed on
Feb 7, 2025
Sold by
Jerry Dean Lane Living Trust and Boksin Lane Living Trust
Bought by
Josefik Michael C
Seller's Agent
Sang Han
Platinum Partners Realtors
Buyer's Agent
Cathy Bier
Coldwell Banker Realty
List Price
$489,900
Sold Price
$449,000
Premium/Discount to List
-$40,900
-8.35%
Views
407
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,285
Avg. Annual Appreciation
11.11%
Original Mortgage
$426,550
Outstanding Balance
$424,054
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$53,231
Purchase Details
Closed on
Sep 5, 2017
Sold by
Lane Jerry D and Lane Bok Sin
Bought by
Lane Jerry D and Jerry Dean Lane Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $449,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $426,550 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $116,500 | Credit Line Revolving | |
| Previous Owner | $85,792 | Credit Line Revolving | |
| Previous Owner | $204,000 | Unknown | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2025 02/18/25 | Sold | $449,000 | 0.0% | $222 / Sq Ft |
| 01/19/2025 01/19/25 | Pending | -- | -- | -- |
| 01/14/2025 01/14/25 | Price Changed | $449,000 | -4.3% | $222 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $469,000 | -4.3% | $232 / Sq Ft |
| 09/25/2024 09/25/24 | For Sale | $489,900 | -- | $242 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $7,334 | $136,105 | $49,549 | $86,556 |
| 2023 | $6,962 | $125,120 | $45,550 | $79,570 |
| 2022 | $6,557 | $117,410 | $43,550 | $73,860 |
| 2021 | $6,136 | $116,070 | $43,050 | $73,020 |
| 2020 | $6,021 | $113,770 | $42,200 | $71,570 |
| 2019 | $5,826 | $109,160 | $40,490 | $68,670 |
| 2018 | $5,758 | $106,750 | $40,260 | $66,490 |
| 2017 | $5,572 | $102,720 | $38,740 | $63,980 |
| 2016 | $5,458 | $98,030 | $36,970 | $61,060 |
| 2015 | $5,393 | $92,230 | $34,780 | $57,450 |
| 2014 | $5,394 | $89,680 | $33,820 | $55,860 |
| 2013 | $5,284 | $89,260 | $33,660 | $55,600 |
Source: Public Records
Agents Affiliated with this Home
-
Sang Han
-
Cathy Bier
Buyer's Agent in 2025
Cathy Bier
Coldwell Banker Realty
(708) 567-2032
5 in this area
536 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12172706
APN: 09-19-418-015
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