See Home Value
$1,312,475*
House - Off Market

542 Park Avenue

River Forest, IL 60305
bedrooms
5 Beds
bathrooms
5.5 Baths, 1 Half Bath
$1,161,000 - $1,419,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model
Sold May 02, 2023
$1,230,000
$984,000 by Citibank, Na
Mortgage Due May 01, 2053
Sold Oct 26, 2020
$657,000
$558,450 by Flagstar Bank Fsb
Mortgage Due Oct 01, 2050

About This Property

Renovated in 2021 with the perfect blend of vintage and new! This newly remodeled home in the perfect River Forest location features 5 bedrooms and 5.5 baths.  New mechanicals, appliances, roof, plumbing and electric.  First floor boasts open floor plan for modern living with 10 foot ceilings, wide plank wood flooring, 12 foot long island in the kitchen, which opens to back deck.  Second floor has 4 bedrooms and 3 baths, which includes an enormous primary ensuite.  Third floor displays vaulted ceiling, sky lights, large rec room, full bath and bedroom/office.  Exterior includes 2.5 car garage with newer driveway and pavers with outdoor fireplace.  Walk to schools, beautiful parks, and Metra!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,263
HOA Dues
-
Year Built
1893

Price History

Date / Event Date Event Price
May 2, 2023 Sold $1,230,000
Sold
Apr 15, 2023 No longer available -
No longer available
Feb 8, 2023 In contract -
In contract
Feb 1, 2023 Listed $1,290,000
Listed
Oct 26, 2020 Sold to James Tragos, Sandy Gonzale... $657,000
Sold to James Tragos, Sandy Gonzale...

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,050
  • Total Building Area: 3,413
  • Gross Building Area: 3,413
  • Building Area: 3,413
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 3,413
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GERTS RESUB OF PT BLKS9-10 IN LATHROP
  • Land Acres: 0.208
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (GERTS) RESUB OF PT BLKS9-10 IN LATHROP & SEAVERNS AD D TO RIVER FOREST IN SEC 12-39-12

Ownership

  • Current Owner : ANNE DESMOND WARDEN LIVING TRUST
  • Previous Owner : TRAGOS JAMES
  • Previous Owner 2: SANDY GONZALEZ
  • Owner Before Previous Owner: HOOKS LORNETTA
  • Owner Before Previous Owner 2: 542 PARK AVE RE TRUST
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-12-108-044-0000
  • Block: 9,10
  • Lot: 15
  • Meridian: SEC 12 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8898
  • Longitude: -87.8201

    Address

  • Full Address: 542 Park Ave
  • Address - House Number: 542
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C018
  • 4-Digit Zip Code: 1701
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,714
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 802,491
  • High Value: 923,615
  • Low Value: 681,366

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $984,000
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: May 02, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $984,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $665,810
  • Market Land Value: $117,650
  • Market Improvement Value: $548,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,581
  • Assessed Land Value: $11,765
  • Assessed Improvements Value: $54,816

    Sales

  • Current Sale Contract Date: Apr 04, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Transaction ID: 11905971191
  • Current Sale Price: $1,230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 22019
  • Previous Sale Recording Date: Oct 26, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $657,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK, NA
  • First Mortgage Transaction Date: May 02, 2023
  • First Mortgage Loan Amount: $984,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: May 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Oct 26, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $558,450
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4.5 Baths
5,439 ft²
$276/ft²
$1,500,000 Sep 29, 2020
-
$1,048/mo
House
3 Beds
3.5 Baths
2,292 ft²
$515/ft²
$1,180,000 Apr 21, 2021
-
$783/mo

About River Forest


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Frequently Asked Questions

When was property at 542 Park Avenue built and last sold?
The property at 542 Park Avenue was built in 1893 and last sold on Apr 4, 2023 for $1,230,000.
How much is this home worth?
The estimated value of the home located at 542 Park Avenue is $1,302,900.
What are some comparable homes to 542 Park Avenue?
Homes that are comparable to 542 Park Avenue include a house property at 7601 Lake Street, located in River Forest, IL.

Nearby Counties
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