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River Forest 60305 River Forest
553 THATCHER Avenue
$1,350,000
● House - Off Market

553 THATCHER Avenue

River Forest, IL 60305
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
$1,517,388
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Magnificent David A Thatcher home; built in 1883 as a Queen Anne Victorian and then in 1920 went through a major exterior re-conception, transforming to a Colonial Revival. Boasting 13' ceilings and hand carved intricate woodwork by Pullman (railroad car fame) master carpenters; 3 sets of Cherry wood pocket doors, a grand paneled staircase. There are 6 fireplaces in total; 3 functioning gas log and 3 decorative - although they can be plumbed for gas as well. Kitchen is open to family room and looks out on yard as well as an attached greenhouse space.   5 beds on the second level and a full floor plan walk up attic.   Lower level is partially finished with a billiard room and office w/ fireplace. Radiator heat and true central air, the best of both worlds.
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,148
HOA Dues
-
Year Built
1888

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11335766)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
Mar 7, 2022 Listed by @properties Christie's International Real Estate $1,500,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,590
  • Total Building Area: 3,846
  • Gross Building Area: 3,846
  • Building Area: 3,846
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,846
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOWLER BRUNER & BODINES
  • Land Acres: 0000000473
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (FOWLER) (BRUNER) & (BODINES) SUB OF SEC12 & SEC 11-39-12

Neighborhood

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

Geography

  • District: 33
  • Parcel: 15-11-209-027-0000
  • Lot: 35,36
  • Meridian: SEC 11 TWN 39N RNG 12E
  • Municipality: RIVER FOREST
  • Latitude: 41.8899
  • Longitude: -87.825

    Address

  • Full Address: 553 Thatcher Ave
  • Address - House Number: 553
  • Address - Street Name: Thatcher
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: River Forest
  • Carrier Code: C012
  • 4-Digit Zip Code: 1624
  • Zip Code: 60305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,720,638
  • Tax Rate Code Area: 33001

    Appraisal Valuation

  • Standard Deviation: 0.2628
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 1,362,696
  • High Value: 1,720,826
  • Low Value: 1,004,566

    Market Valuation

  • Market Total Value: $1,250,000
  • Market Land Value: $247,080
  • Market Improvement Value: $1,002,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,000
  • Assessed Land Value: $24,708
  • Assessed Improvements Value: $100,292

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 39154
  • Previous Sale Recording Date: Oct 04, 1993
  • Previous Sale Contract Date: Sep 30, 1993
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About River Forest

Stats & Trends

Median Asking:

$582,000

Sale Price/ft²

$296

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1614 ft²

Average Home Age

70.1 years

Currently For Sale

31 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 612 S 13th Avenue, Maywood, IL, 60153

$4,000 /mo

  • 3 Beds
  • 3 Baths
  • 3,600 ft²
612 S 13th Avenue, Maywood, IL, 60153 Listing by Karmen Spears

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Brian Behan, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11335766
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 553 Thatcher Avenue built and last sold?
The property at 553 Thatcher Avenue was built in 1888 and last sold on May 20, 2022 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 553 Thatcher Avenue is $0.
What are some comparable homes to 553 Thatcher Avenue?
There are currently no comparable homes to 553 Thatcher Avenue.
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