See Home Value
$310,000
● House - Off Market

516 E Downer Place

Aurora, IL 60505
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,421 Ft²
$1,917
Est. Monthly
13.43%
Cap Rate

About This Property

This home is the gem of the neighborhood.   Unique and stunning 5 bedroom/3 bath, single-family home, a true architectural gem built in 1907. Close to downtown Aurora, this home exudes the grace of a bygone era, boasting original hardwood floors, lofty 10-foot ceilings, and intricate custom woodwork trim.  Upon entering, you'll be enveloped by the home's inviting ambiance. The living room is a showcase of charm with a magnificent fireplace and built-in shelves, providing a cozy setting for gatherings. The kitchen was fully remodeled in 2020, featuring two new, generously-sized windows that flood the space with natural light. It boasts a farmhouse sink, elegant Quartz countertops, and custom French doors leading to the mudroom.  Additional conveniences include a butler's pantry, complete with floor-to-ceiling, wall-to-wall cabinets, strategically positioned between the kitchen and dining room for seamless storage.  Two more pantries in the hallway offer even more organizational space for your culinary essentials. An elegant dining room features a beautifully stained coffered ceiling, while extraordinary pocket doors create versatility in entertaining spaces.  Upstairs, a loft and a master bedroom with dual walk-in closets and a distinctive ceiling fandelier await. The master bath is an oasis, complete with a soothing whirlpool tub.  Sunrooms beckon you to relax and comfortably enjoy the otudoors. A laundry chute adding convenience.  For storage needs, a full, expansive unfinished basement provides ample space. Private parking for up to three vehicles is located behind the home for added convenience. This classic beauty offers a harmonious blend of historic charm and modern comforts. Don't miss the chance to call it your own! Schedule a viewing today.  Updates:  2011 new electric and plumbing; 2016 - new roof; 2018 new siding; 2019 new gutters; a 50 gallon hot water tank; full home ADT alarm system installed; 2020 2 HVAC systems - 1 new furnace and 2 new A/C units for central air throughout; 7 new basement hopper windows; freshly painted throughout.  Don't wait, come see this classic beauty today!
Unit Size
3,421 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$88
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1907

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11883412)

Price History

Date / Event Date Event Price
May 6, 2024 Sold
Sold
Oct 3, 2023 Listed by Crosstown Realtors, Inc. - Plainfield $299,900
Listed by Crosstown Realtors, Inc. - Plainfield
Oct 7, 2021 No longer available -
No longer available
Jun 26, 2021 In contract -
In contract
Jun 22, 2021 Listed by Keller Williams Inspire - Geneva $264,900
Listed by Keller Williams Inspire - Geneva
Gorgeous single family home built in 1907 offers beautiful original hardwood floors, 10 foot ceilings and stunning custom woodwork trim. This beauty has 5 bedrooms and 2 and a half baths, a fully remodeled kitchen in 2020 with 2 new, ginormous windows over the new farm sink, Quartz countertop and custom French doors leading to the mud room off the kitchen. You will find a butler's pantry (floor to ceiling, wall to wall cabinets) between the kitchen and dining room for extra storage. There are two more pantries in the hall near the back staircase which takes you to the second floor and the third floor with the finished Grandma's attic! This home offers: a living room with a gorgeous fire place with built-ins; 2 sun rooms, master with 2 walk-in closets and a ceiling fandelier, a master bath with a whirlpool tub; a loft; a dining room with a beautifully stained coffered ceiling and a laundry chute. You will find extraordinary huge pocket doors between the dining room and the living room. Private parking for 3 vehicles are located behind the home. Updates: 2011 new electric and plumbing; 2016 - new roof; 2018 new siding; 2019 new gutters; a 50 gallon hot water tank; full home ADT alarm system installed; 2020 2 HVAC systems - 1 new furnace and 2 new A/C units for central air throughout; 7 new basement hopper windows; freshly painted throughout. Full, gigantic unfinished basement for all your storage needs! Don't wait, come see this classic beauty today! The manager has listed the unit size as 3421 square feet.
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,857
  • Garage Type: 0
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,545
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 570
  • Total Building Area: 5,278
  • Gross Building Area: 5,278
  • Building Area: 3,421
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 3,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROOM SUB
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: GROOM SUB LOT 1

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 853601

Geography

  • Parcel: 15-22-460-016
  • Lot: 1
  • Municipality: AURORA
  • Latitude: 41.7532
  • Longitude: -88.3079

    Address

  • Full Address: 516 E Downer Pl
  • Address - House Number: 516
  • Street Direction: E
  • Address - Street Name: Downer
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Aurora
  • Carrier Code: C051
  • 4-Digit Zip Code: 3408
  • Zip Code: 60505

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $532,744
  • Tax Rate Code Area: AU021

    Appraisal Valuation

  • Standard Deviation: 0.1673
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 315,701
  • High Value: 368,526
  • Low Value: 262,877

    Market Valuation

  • Market Total Value: $228,445
  • Market Land Value: $19,940
  • Market Improvement Value: $208,505

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,118
  • Assessed Land Value: $6,644
  • Assessed Improvements Value: $69,474

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K067284
  • Previous Sale Recording Date: Nov 20, 2019
  • Previous Sale Contract Date: Nov 08, 2019
  • Previous Sale Amount: $201,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About McCarty Burlington


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 450 Flagg Street, Aurora, IL, 60505

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
450 Flagg Street #1, Aurora, IL, 60505 Listing by Rebeca Recio
Unit for rent at 523 Grand Avenue, Aurora, IL, 60506

$1,750 /mo

  • 3 Beds
  • 1 Bath
  • 700 ft²
523 Grand Avenue #1, Aurora, IL, 60506 Listing by Kenneth Carn
Unit for rent at 1034 Fenton Street, Aurora, IL, 60505

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
1034 Fenton Street #1, Aurora, IL, 60505 Listing by Sonia Agudo


Frequently Asked Questions

When was property at 516 East Downer Place built and last sold?
The property at 516 East Downer Place was built in 1907 and last sold on Jul 27, 2021 for $259,000.
How much is this home worth?
The estimated value of the home located at 516 East Downer Place is $302,899.
What are some comparable homes to 516 East Downer Place?
There are currently no comparable homes to 516 East Downer Place.