NOT LISTED FOR SALE

721 Fair Oaks Ave Oak Park, IL 60302

Estimated Value: $689,000 - $870,259

4 Beds
3 Baths
1,794 Sq Ft
$440/Sq Ft Est. Value

Last Sold February 21, 2014

Last sale price $610,000 $340 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,054/month

31 Days on Market

Highlights

  • The property is located in a historic district
  • Colonial Architecture
  • Heated Sun or Florida Room
  • Whittier Elementary School Rated A
  • Recreation Room
  • Stainless Steel Appliances

About This Home

As of February 2014

LOCATION, LOCATION, LOCATION...PLUS A WHOLE LOT MORE. BEAUTIFULLY AND TASTEFULLY REHABBED ON ONE OF OAK PARK'S FINEST BLOCKS. GORGEOUS KITCHEN AND BATHS. 4 BEDROOMS AND A MASTER BATH, CENTRAL AIR, NEW WINDOWS, ROOF, DRIVEWAY AND GARAGE. FINISHED BASEMENT AND WOODBURNING FIREPLACE. MOVE RIGHT IN. THIS IS WHAT YOU HAVE BEEN WAITING FOR!

Last Agent to Sell the Property

Elizabeth Moroney

Compass License #475143168 Listed on: 11/19/2013

Compass

Last Buyer's Agent

Melissa Cohn

Related Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,087

Year Built

  • 1918

Lot Details

  • 9,235

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Wood Burning Fireplace
  • Recreation Room
  • Heated Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Laundry

  • Dryer
  • Washer

Location

  • The property is located in a historic district

Utilities

  • Central Air
  • Hot Water Heating System
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,087

Year Built

1918

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1918
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1918

Interior Features

  • Number Of Rooms: 9
  • Living Room: Dimensions: 22X12, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Fireplace Details: Wood Burning
  • Attic: Unfinished
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: 13X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 13X11, On Level: Main Level
  • Additional Rooms: Sun/Florida Room Heated, Recreation Room
  • Master Bedroom: Dimensions: 18X11, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Sun/Florida Room Heated, Dimensions: 22X10, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Recreation Rm, Dimensions: 23X16, On Level: Lower
  • Bedroom 2: Dimensions: 11X09, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 11X09, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 4: Dimensions: 09X09, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 1794

Exterior Features

  • Foundation: Concrete
  • Lot Size: Oversized Chicago Lot
  • Exterior Building Type: Stucco
  • Roof Type: Asphalt/Glass (Shingles)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam

Schools

  • School District: 200
  • Elementary School: WHITTIER ELEMENTARY SCHOOL
  • Middle School: GWENDOLYN BROOKS MIDDLE SCHOOL
  • High School: OAK PARK & RIVER FOREST HIGH SCH
  • Junior High Dist: 97

Lot Info

  • Lot Dimensions: 50 X 185
  • Parcel Identification Number: 16064100120000

Tax Info

  • Taxes: 14021.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2013
Closed on
Feb 21, 2014
Sold by
Malc Llc
Bought by
Haarvei Michael and Haarvei Catherine
Seller's Agent
Elizabeth Moroney
Compass
Buyer's Agent
Melissa Cohn
Related Realty
List Price
$639,000
Sold Price
$610,000
Premium/Discount to List
-$29,000
-4.54%
Current Estimated Value
$790,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,065
Avg. Annual Appreciation
2.27%
Original Mortgage
$417,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2013
Closed on
Mar 20, 2013
Sold by
The Bank Of New York Mellon
Bought by
Malc Llc
Seller's Agent
Grazyna Przybysz
Chicago Area Realty Inc
Buyer's Agent
Elizabeth Moroney
Compass
List Price
$347,000
Sold Price
$390,000
Premium/Discount to List
$43,000
12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.32%

Purchase Details

Closed on
Jan 25, 2013
Sold by
Poulos Kathryn C
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 29, 2003
Sold by
Staples Eric P and Barnes Staples Kimberly E
Bought by
Poulos David T and Poulos Kathryn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 22, 1995
Sold by
Levy David B and Levy David
Bought by
Staples Eric P and Barnes Staples Kimberly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.91%
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
Haarvei Michael $610,000 Prairie Title Services
Malc Llc $390,000 Premier Title
The Bank Of New York Mellon -- None Available
Poulos David T $490,000 Prairie Title
Poulos David T $490,000 Prairie Title
Staples Eric P $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haarvei Michael $448,510
Closed Haarvei Michael $453,100
Closed Haarvei Michael $417,000
Previous Owner Poulos David T $450,000
Previous Owner Poulos David T $392,000
Previous Owner Staples Eric P $25,000
Previous Owner Staples Eric P $390,000
Previous Owner Staples Eric F $35,600
Previous Owner Staples Eric P $284,800
Previous Owner Staples Eric P $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2014 02/21/14 Sold $610,000 0.0% $340 / Sq Ft
01/31/2014 01/31/14 Off Market $610,000 -- --
12/20/2013 12/20/13 Pending -- -- --
12/05/2013 12/05/13 Price Changed $629,000 -1.6% $351 / Sq Ft
11/19/2013 11/19/13 For Sale $639,000 +63.8% $356 / Sq Ft
04/19/2013 04/19/13 Sold $390,000 +11.1% $217 / Sq Ft
03/08/2013 03/08/13 Pending -- -- --
02/19/2013 02/19/13 Price Changed $350,900 +1.1% $196 / Sq Ft
02/16/2013 02/16/13 For Sale $347,000 -- $193 / 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 $21,087 $68,000 $12,950 $55,050
2023 $18,212 $68,000 $12,950 $55,050
2022 $18,212 $50,850 $9,713 $41,137
2021 $17,781 $50,848 $9,712 $41,136
2020 $17,430 $50,848 $9,712 $41,136
2019 $17,350 $45,223 $8,787 $36,436
2018 $16,700 $45,223 $8,787 $36,436
2017 $20,951 $58,006 $8,787 $49,219
2016 $16,137 $40,093 $7,400 $32,693
2015 $14,458 $40,093 $7,400 $32,693
2014 $13,435 $40,093 $7,400 $32,693
2013 $14,026 $43,097 $7,400 $35,697
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08490680

Midwest Real Estate Data (MRED)

APN: 16-06-410-012-0000