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511 Washington Avenue

511 Washington Avenue, Wilmette, IL 60091
Property in New Trier
Sold May 11, 2021
$1,455,000
$1,164,000 by Associated Bank Na
Mortgage Due Apr 01, 2051
Sold Feb 15, 2006
$1,685,000
$350,000 by 1st Advantage Mortgage Llc
Mortgage Due Feb 01, 2021
511 Washington Avenue in Wilmette, IL was first built in 1907 and is 117 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 511 Washington Avenue has 2,558 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 7,500 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a hot water heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 511 Washington Avenue sold most recently in Mar 16, 2021 for a total of $1,455,000. If you work out the math, that's approximately a cost of $568.80 per sqft. Before that, the property was also sold for $1,685,000 in Feb 2, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $23,726 in taxes each year. 511 Washington Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $113,890. If we break it down further, the land itself was valued at $20,625. Improvements to the property, however, were assessed at a total of $93,265. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,558
  • Gross Building Area: 2,558
  • Building Area: 2,558
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,558
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DINGEES ADD WILMETTE V
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3 IN BLK 16 IN DINGEES ADD TO WILMETTE IN SEC26+ T42N R13E 3P

Ownership

  • Current Owner : FAZEKAS MICHAEL
  • Current Owner 2: FAZEKAS ANNA
  • Previous Owner : REEDY COLEEN T
  • Previous Owner 2: THE COLEEN T REEDY REVOCABLE T
  • Owner Before Previous Owner: P/T RESTORATION INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801200

Geography

  • District: 23
  • Parcel: 05-34-207-006-0000
  • Block: 16
  • Lot: 3
  • Meridian: SEC 34 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0774
  • Longitude: -87.6943

    Address

  • Full Address: 511 Washington Ave
  • Address - House Number: 511
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C045
  • 4-Digit Zip Code: 1967
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,726
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.2274
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,447,015
  • High Value: 1,776,154
  • Low Value: 1,117,875

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,164,000
  • First Open Lien Mortgage Lender: ASSOCIATED BANK NA
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Loan Amount: $1,164,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $1,138,900
  • Market Land Value: $206,250
  • Market Improvement Value: $932,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,890
  • Assessed Land Value: $20,625
  • Assessed Improvements Value: $93,265

    Sales

  • Current Sale Contract Date: Mar 16, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11834567633
  • Current Sale Price: $1,455,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2113101499
  • Previous Sale Recording Date: Feb 15, 2006
  • Previous Sale Contract Date: Feb 02, 2006
  • Previous Sale Amount: $1,685,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASSOCIATED BANK NA
  • First Mortgage Transaction Date: May 11, 2021
  • First Mortgage Loan Amount: $1,164,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: 1ST ADVANTAGE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Feb 15, 2006
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Feb 01, 2021

About Wilmette



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Frequently Asked Questions

What neighborhood is 511 Washington Avenue located in?
The 511 Washington Avenue is a located in the neighborhood of New Trier in Wilmette, Wilmette.
What is the average sales price for listings in 511 Washington Avenue?
The average sales price for units in 511 Washington Avenue is $0 currently.

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