NOT LISTED FOR SALE

Estimated Value: $468,000 - $529,000

1.83 Acres
$278,018 Price per Acre
79,715 Sq Ft Lot

Last Sold July 17, 2024

Last sale price $450,000

Est. 13% increase in value since last sale

Current estimated payment $3,318/month

8 Days on Market

Highlights

  • 1.83 Acre Lot
  • El Sierra Elementary School Rated A-
  • Garage

About This Lot

As of July 2024

Amazing Opportunity to Build Your Dream Home at this Fantastic NEW price! So much new construction in Downers Grove and amenities galore including shopping, dining and top rated schools, a commuters dream. Seller has done the heavy lifting - lots have been cleared and ready for your vision - Luxury Single Family and separate In-Law Nanny Quarters? 2 Single Family Homes? 4 Plex with Garages? It's all possible with approval from Village. 1.8 acres in Downers Grove to work with. 282.45' x 282.32' size lot. This frontage & depth allows endless possibilities. Could be sub-divided into 2-3 detached single family lots. Currently zoned R1- with 2 PINS. Well has been decommissioned & new home can be hooked up to city water & sewer. No active utilities. Property is being sold in AS-IS condition. Property does not fall in flood zone or LPDA per village map. Surrounded by residential homes, yet close proximity to expressway, schools and all that downtown Downers Grove has to offer. Call Listing Agent for ideas on future use.

Last Listed By

Alexa Wagner

RE/MAX Professionals Select License #475124872 Listed on: 06/11/2024

RE/MAX Professionals Select

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,720

Year Built

  • 1918

Lot Details

  • 1.83 Acre Lot
  • Lot Dimensions are 282.45 x 282.32 x 282.45 x 282.32
  • Additional Parcels
  • Property is zoned SINGL

Parking

  • Garage
  • Driveway

Additional Homes

  • Residence on Property

Schools

  • El Sierra Elementary School
  • O Neill Middle School
  • South High School

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Property Type

Land

Est. Annual Taxes

$9,720

Year Built

1918

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1918

Interior Features

  • Possible Use: Multi-Family, Single Family

Exterior Features

  • Frontage Type: City Street
  • List Price: 499000
  • OtherStructures: Garage(s), Residence
  • Waterfront: No

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water Nearby, Well Private

Schools

  • Elementary School: El Sierra Elementary School
  • High School: South High School
  • Middle/Junior School: O Neill Middle School
  • Middle/Junior School District: 58

Lot Info

  • Additional Parcels Description: 0920209009
  • Additional Parcels: Yes
  • Lot Size Acres: 1.83
  • Lot Dimensions: 282.45 X 282.32 X 282.45 X 282.32
  • Zoning: SINGL
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 79741
  • Land Description: Level

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 9719.68
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Jul 17, 2024
Sold by
Robert Nield Revocable Living Trust and Carol Nield Revocable Living Trust
Bought by
Patel Chandrika and Patel Maneklal
Seller's Agent
Alexa Wagner
RE/MAX Professionals Select
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Total Days on Market
8
Views
9
Current Estimated Value
$508,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,773
Avg. Annual Appreciation
17.04%

Purchase Details

Closed on
Mar 1, 2002
Sold by
Nield Robert E and Nield Carol R
Bought by
Nield Robert and The Robert Nield Revocable Liv

Range of Values:

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Average Value
Not Available
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
Patel Chandrika $450,000 Chicago Title
Nield Robert -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2024 07/17/24 Sold $450,000 -9.8% --
06/20/2024 06/20/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $499,000 -- --
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
2023 $5,810 $106,420 $62,890 $43,530
2022 $5,595 $101,720 $60,120 $41,600
2021 $5,235 $100,570 $59,440 $41,130
2020 $5,136 $98,580 $58,260 $40,320
2019 $4,968 $94,590 $55,900 $38,690
2018 $5,220 $97,980 $55,680 $42,300
2017 $5,050 $94,280 $53,580 $40,700
2016 $4,946 $89,980 $51,140 $38,840
2015 $4,574 $84,650 $48,110 $36,540
2014 $4,565 $82,310 $46,780 $35,530
2013 $4,470 $81,920 $46,560 $35,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12081573

Midwest Real Estate Data (MRED)

APN: 09-20-209-009