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541 North Forest Drive

541 North Forest Drive, Addison, IL 60101
House in Addison
Local assessors in Addison, IL have categorized 541 North Forest Drive as a commercial type of property. The home was built in 1967 and is 57 years old. The property's lot size has been calculated to be 12,632 square feet. The linear feet between the front and back of the lot was measured at 140 ft and the front of the lot was measured at 87 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 541 North Forest Drive has a total of 2,676 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 451 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 27, 2020 for $410,000. That's $90.59 per sqft. Prior to that sales transaction, the property was also sold in Nov 19, 2019 for $210,000. 541 North Forest Drive was last assessed in 2022. The total value of the property was assessed at $160,700. Specifically, the land the property is located on was valued at $58,580. While improvements on the property were assessed at a total of $102,120. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $11,835. The initial tax year of delinquency was in 2016. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200320
03/20/2020
4 Bed
3 Bath
2676 ft²
$425,000
bedrooms
4 Bed
bathrooms
3 Bath
square feet
2676 ft²
$410,000 -3.53%
08/10/2020
Sandra Hannan

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Brick
  • Building Style: A-frame
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,399
  • Garage Type: Attached
  • Garage Square Area: 451
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 140
  • Lot Size Frontage Feet: 87
  • Total Building Area: 4,526
  • Gross Building Area: 4,526
  • Building Area: 4,526
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,676
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: FREDRICKSONS WHITE OAK ESTATES
  • Land Acres: 0.29
  • Standard Land Use Code: Structures on leased land
  • Legal Description 1: FREDRICKSONS WHITE OAK ESTATES UNIT 1

Ownership

  • Current Owner : GREENHALGH NATHAN WILLIAM
  • Current Owner 2: GREENHALGH KRISTINA GUOBUZAITE
  • Previous Owner : REDEVELOPED PROPERTIES LLC
  • Owner Before Previous Owner: BMW PROPS LLC
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840103

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2971-B4
  • Parcel: 03-22-323-003
  • Lot: 41
  • Municipality: ADDISON
  • Latitude: 41.9356
  • Longitude: -87.9737

    Address

  • Full Address: 541 N Forest Dr
  • Legal Unit: 1
  • Address - House Number: 541
  • Street Direction: N
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Addison
  • Carrier Code: C023
  • 4-Digit Zip Code: 2919
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,835
  • Intital Tax Deliquent Year: 2016
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 523,857
  • High Value: 631,844
  • Low Value: 415,870

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,500
  • First Open Lien Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Open Lien Mortgage Recording Date: Aug 10, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $389,500
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $482,100
  • Market Land Value: $175,740
  • Market Improvement Value: $306,360

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $160,700
  • Assessed Land Value: $58,580
  • Assessed Improvements Value: $102,120

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Transaction ID: 11781215810
  • Current Sale Price: $410,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2020-086405
  • Previous Sale Recording Date: Dec 31, 2019
  • Previous Sale Contract Date: Nov 19, 2019
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTEAD FUNDING CORP
  • First Mortgage Transaction Date: Aug 10, 2020
  • First Mortgage Loan Amount: $389,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MICHAEL KOSTICK ETAL
  • Previous Mortgage Transaction Date: Dec 31, 2019
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 14, 2020

About Addison



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Frequently Asked Questions

What neighborhood is 541 North Forest Drive located in?
The 541 North Forest Drive is a house located in the neighborhood of Addison in Addison, Addison.
What is the average sales price for listings in 541 North Forest Drive?
The average sales price for units in 541 North Forest Drive is $425,000 , or $159/sqft. currently.

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