See Home Value
Des Plaines 60016
516 S 5th Avenue
$234,950*
House - Off Market

516 S 5th Avenue

Des Plaines, IL 60016
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1568 Sqft
$206,000 - $250,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model
Sold Mar 17, 2023
$240,000
$228,000 by Plaza Home Mortgage Inc
Mortgage Due Apr 01, 2053

About This Property

Huge Opportunity for Investors & Savvy Homebuyers! Perfect rehab project with potential. Great promise to be a refined modern style house. Re-make it into your own home or flip it. Sold "As-Is".

The manager has listed the unit size as 1568 square feet.
Unit Size
1,568Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$145
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
1945

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold to Walter Penate $240,000
Sold to Walter Penate
Mar 16, 2023 No longer available -
No longer available
Jan 21, 2023 In contract -
In contract
Dec 7, 2022 Price Decreased $228,000
↓ $12K (5%)
Price Decreased
Nov 1, 2022 Listed $240,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,950
  • Total Building Area: 1,568
  • Gross Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,568
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DESPLAINES MANOR TRACT3
  • Land Acres: 0.343
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (DESPLAINES) MANOR (TRACT3) SUB OF PT OF C.&N.W. RY C OS LAND IN SE SEC 18-41-12

Ownership

  • Current Owner : PENATE WALTER
  • Previous Owner : CASCADE FUNDING MORTGAGE FRUST HB4
  • Ownership Rights Codes: Married Man as his sole & separate property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806300

Geography

  • District: 22
  • Subdivision Tract Number: 3
  • Parcel: 09-18-403-033-0000
  • Block: 38
  • Lot: 1
  • Meridian: SEC 18 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0435
  • Longitude: -87.9056

    Address

  • Full Address: 516 S 5th Ave
  • Address - House Number: 516
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C003
  • 4-Digit Zip Code: 3107
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,719
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 231,443
  • High Value: 254,844
  • Low Value: 208,043

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $228,000
  • First Open Lien Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Mar 17, 2023
  • First Open Lien Mortgage Loan Amount: $228,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $300,010
  • Market Land Value: $112,130
  • Market Improvement Value: $187,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,001
  • Assessed Land Value: $11,213
  • Assessed Improvements Value: $18,788

    Sales

  • Current Sale Contract Date: Feb 14, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Transaction ID: 11903922108
  • Current Sale Price: $240,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 46106

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Mar 17, 2023
  • First Mortgage Loan Amount: $228,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053



Comparables

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

About Des Plaines


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at

$2,800 /mo

  • 3 Beds
  • 2 Baths
Listing by Honnie M Edwards


Frequently Asked Questions

When was property at 516 South 5th Avenue built and last sold?
The property at 516 South 5th Avenue was built in 1945 and last sold on Feb 14, 2023 for $240,000.
How much is this home worth?
The estimated value of the home located at 516 South 5th Avenue is $250,613.
What are some comparable homes to 516 South 5th Avenue?
There are currently no comparable homes to 516 South 5th Avenue.

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