NOT LISTED FOR SALE

723 Forest Rd La Grange Park, IL 60526

Estimated Value: $486,565 - $531,000

3 Beds
1.5 Baths
1,664 Sq Ft
$303/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $412,000 $248 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,431/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Recreation Room
  • Forest Road Elementary School Rated A
  • Property is near a park
  • Wood Flooring

About This Home

As of March 2023

HUGE OPPORTUNITY! This classic 2-story Colonial is just the right place to set down roots and start living your best lifestyle! Within a five minute drive or a brisk walk to the Metra station and both downtowns of La Grange and La Grange Park, you can enjoy vibrant restaurants, boutique shops, easy access to downtown Chicago and so much more just within minutes from home. This larger-than-it-looks two-story home features a sun-filled living room with a fireplace that leads to a dining room and then a family room addition all on the first floor. Updates include several updated light fixtures, a recently updated full bath on the second floor including a new vanity and new flooring, and an updated half-bath on the first floor. Freshly painted throughout the interior living spaces. There's an unfinished basement for your future creative plans, a two-car garage down the driveway and plenty of yard space. Just a few blocks to incredible Memorial Park, featuring lighted pickle ball, tennis and volleyball courts, a huge playground, plenty of ball fields and play space, and an impressive outdoor musical amphitheatre where you'll enjoy summer concerts in a friendly, free, open-air setting with neighbors and visitors. This is truly a fabulous neighborhood just a few blocks to Forest Road elementary school and a bus ride away to Lyons Township High School. Come see it and start envisioning yourself in the lifestyle you've been looking for! Seller conveying as is.

Last Agent to Sell the Property

Shannon Kutchek

Compass License #475127216 Listed on: 02/15/2023

Compass

Last Buyer's Agent

Mike Padua

Lofty LLC License #475180180

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,191

Year Built

  • Built in 1949

Lot Details

  • 6,251 Sq Ft Lot
  • Lot Dimensions are 50x124
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Side Driveway
  • Parking Space is Owned

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Lower Floor Utility Room
  • Laundry Room
  • Storage Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Unfinished Basement

  • Partial Basement
  • Finished Basement Bathroom

Schools

  • Forest Road Elementary School
  • Park Junior High School
  • Lyons Twp High School

Utilities

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

Additional Features

  • Deck
  • Property is near a park

Community Details

  • Tennis Courts

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,191

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1949
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Disposal
  • Basement: Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • Other Equipment: Humidifier
  • Room Type: Foyer, Recreation Room, Storage, Utility Room-Lower Level
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • List Price: 417000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Side Drive
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Tennis Court(s), 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: Forest Road Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Park Junior High School
  • Middle/Junior School District: 102

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1435
  • Lot Dimensions: 50X124
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2191.11
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 15, 2023
Sold by
Wolff Jeffrey
Bought by
Velasquez Jamie and Velasquez Alix
Seller's Agent
Shannon Kutchek
Compass
Buyer's Agent
Mike Padua
Lofty LLC
List Price
$417,000
Sold Price
$412,000
Premium/Discount to List
-$5,000
-1.2%
Current Estimated Value
$504,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,391
Avg. Annual Appreciation
8.33%
Original Mortgage
$391,400
Outstanding Balance
$382,196
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$122,195

Purchase Details

Closed on
Jul 27, 2015
Sold by
Wolff Diana G
Bought by
Wolff Jeffrey

Purchase Details

Closed on
Nov 12, 1997
Sold by
Wolff S Arnold
Bought by
Wolff Diana G
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Velasquez Jamie $412,000 None Listed On Document
Wolff Jeffrey $196,000 Attorney
Wolff Diana G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Jamie $391,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $412,000 -1.2% $248 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $417,000 -- $251 / 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 $9,202 $42,000 $4,375 $37,625
2023 $7,321 $42,000 $4,375 $37,625
2022 $7,321 $30,217 $3,750 $26,467
2021 $2,191 $30,217 $3,750 $26,467
2020 $1,993 $30,217 $3,750 $26,467
2019 $2,197 $34,546 $3,437 $31,109
2018 $2,164 $34,546 $3,437 $31,109
2017 $2,215 $34,546 $3,437 $31,109
2016 $7,078 $27,707 $3,125 $24,582
2015 $2,901 $27,707 $3,125 $24,582
2014 $2,797 $27,707 $3,125 $24,582
2013 $2,802 $27,645 $3,125 $24,520
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11719310

Midwest Real Estate Data (MRED)

APN: 15-33-227-006-0000