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515 River Oaks Drive

515 River Oaks Drive, River Forest, IL 60305
Sold Mar 11, 2020
$1,180,000
$944,000 by Jpmorgan Chase Bank Na
Mortgage Due Apr 01, 2050
Sold Aug 31, 2001
Transfer
$414,000 by Wells Fargo Home Mtg Inc
Mortgage Due Sep 01, 2031
515 River Oaks Drive in River Forest, IL was first built in 1950 and is 74 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. There are a total of 2 floors. There are a total of 12 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 515 River Oaks Drive has 5,625 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. In total, the area measurement of the land is 14,896 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached 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 masonry. 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 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, 515 River Oaks Drive sold most recently in Mar 4, 2020 for a total of $1,180,000. If you work out the math, that's approximately a cost of $209.78 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $37,509 in taxes each year. 515 River Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $127,000. If we break it down further, the land itself was valued at $17,875. Improvements to the property, however, were assessed at a total of $109,125. 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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,896
  • Total Building Area: 5,625
  • Gross Building Area: 5,625
  • Building Area: 5,625
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 5,625
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRAUNS RIVER OAKS
  • Land Acres: 0.342
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MARTIN H (BRAUNS)(RIVER)(OAKS) RESUB OF PT OF LTS1-5 IN SUB OF AUVERGNE SUB OF PT OF NE OF SEC11 NE SEC 11-39-12

Ownership

  • Current Owner : DESAI VIKAS Y
  • Current Owner 2: VALENCIA CLAUDIA
  • Previous Owner : ALLEN LISA M
  • Owner Before Previous Owner: NIELSEN RUTH M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: River Forest School District 90
  • Census Tract: 812000

Geography

  • District: 33
  • Parcel: 15-11-213-008-0000
  • Lot: 1-5
  • Meridian: SEC 11 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8885
  • Longitude: -87.8299

    Address

  • Full Address: 515 River Oaks Dr
  • Address - House Number: 515
  • Address - Street Name: River Oaks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: River Forest
  • Carrier Code: C012
  • 4-Digit Zip Code: 1621
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,509
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 1,446,607
  • High Value: 1,740,136
  • Low Value: 1,153,077

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $944,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 11, 2020
  • First Open Lien Mortgage Loan Amount: $944,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $1,270,000
  • Market Land Value: $178,750
  • Market Improvement Value: $1,091,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,000
  • Assessed Land Value: $17,875
  • Assessed Improvements Value: $109,125

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 11, 2020
  • Current Sale Transaction ID: 11745665085
  • Current Sale Price: $1,180,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2007155064
  • Previous Sale Recording Date: Aug 31, 2001
  • Previous Sale Contract Date: Aug 17, 2001
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Mar 11, 2020
  • First Mortgage Loan Amount: $944,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO HOME MTG INC
  • Previous Mortgage Transaction Date: Aug 31, 2001
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $414,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2031

About River Forest



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Nearby Rentals

Unit for rent at

$1,500 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
Listing by Mike Becker
Unit for rent at

$1,595 /mo

  • 2 Beds
  • 1 Bath
  • 950 ft²
Listing by Manager
Unit for rent at

$1,500 /mo

  • 2 Beds
  • 1 Bath
Listing by Manager
Unit for rent at

$1,490 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
Listing by Manager
Unit for rent at

$1,525 /mo

  • 2 Beds
  • 1 Bath
  • 925 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 515 River Oaks Drive located in?
The 515 River Oaks Drive is a house located in the neighborhood of River Forest in River Forest, River Forest.
What is the average sales price for listings in 515 River Oaks Drive?
The average sales price for units in 515 River Oaks Drive is $1,249,000 , or $222/sqft. currently.

Nearby Counties
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