16 days on rocket

501 Fair Oaks Ave, Oak Park, IL, 60302

$675,000

Home List Price

$8,016*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,050 SqFt
$329/SqFt
House
Schools Nearby

Location

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501 Fair Oaks Ave, Oak Park$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Garage1 space
Year Built1920
HeatingNatural Gas, Steam, Radiant
CoolingCentral Air, Other
BasementYes
FireplaceWood Burning
MLS #12026301
StatusActive

About 501 Fair Oaks Ave

This amazing center-entrance Prairie influenced home is a timeless classic in beautiful Central Oak Park! Close to great schools, fabulous dining, Farmer's Market, shops, parks and so much more! Bright sun-filled rooms, beautiful oak floors, and architectural details grace this space. The grand entry foyer greets you and easily flows into the large living room with stately wood burning fireplace. Open the tall solid doors to the heated front sunroom and enjoy sweeping views of your lush neighborhood! The exquisite, paneled dining room is ready for your favorite holiday entertaining. The large kitchen can handle your finest cuisine with white maple cabinetry, granite countertops and custom lighting. Do not miss the sliding door to the back deck and paver patio yard as well as the side-entrance in&out mud room! All three bedrooms are located on the second level including a luxurious Primary Suite with newer primary bath with steam shower, a walk-in closet and access to the private exterior balcony. The semi-finished basement has loads of storage or play area as well as the home's laundry room. New back yard fence for privacy. One car garage plus one car parking space. This is a fantastic home in a fantastic location! A must see!

Property Details

Property Features

Property Information:

  • Architectural Style: Prairie
  • Year Built: 1920
  • Living Area: 2,050 SqFt

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (708) 697-5900
  • Listing Agent: Stephen Scheuring

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Yes
  • Interior: Hardwood Floors
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Off Street

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam, Radiant
  • Cooling: Central Air, Other

School Info

Assigned Schools Information:

  • Oak Park & River Forest High School, Public District Grades 9-12
  • Gwendolyn Brooks Middle School, Public District Grades 6-8
  • Whittier Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: NW corner of Chicago and Fair Oaks

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $329/SqFt

Tax Information:

  • Annual Amount: $16,733
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Oak Park, IL.

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Oak Park, IL

City

Med. Sold Price

$379K

Med. Price/SqFt

$225

Avg. Days On Market

51

# of Sold Homes

60

501 Fair Oaks Ave vs Oak Park

16 DAYS ON ROCKET

-35 Days

$675,000

+$295.9K More

$329/SqFt

+$104 More

KEY TAKEAWAY

This property is $295.9K more than the Median Sold Price and $104/SqFt more than other homes in Oak Park, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12026301

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (708) 697-5900
  • Listing Agent: Stephen Scheuring

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:15:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 07, 2021Home Sold
$540,000
Oct 14, 2016Home Sold
$470,000
Jan 17, 2003Home Sold
$426,000
Jan 17, 2003Home Sold
$1,047,000
Jul 19, 1999Home Sold
$340,000

Tax History

YEARPROP. TAXASSESSMENT
2019$16,733$47,043
2018$16,103$47,043
2017$15,771$47,043

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1734257
8
/10

  • Whittier Elementary School

  • 715 N Harvey Ave

  • 0.44 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1734258
5
/10

  • Gwendolyn Brooks Middle School

  • 325 S Kenilworth Ave

  • 0.99 miles

  • Public District Grades 6-8

High School

school-card-donut-1734259
9
/10

  • Oak Park & River Forest High School

  • 201 N Scoville Ave

  • 0.32 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $186,017. Residents of Oak Park, IL typically earn $200k+ each year. Most families are married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 Fair Oaks Ave

What is the listing price of this property?

The listing price of 501 Fair Oaks Ave property is $675,000.

What type of property is this?

The property 501 Fair Oaks Ave is a house located in Oak Park, Illinois, 60302.

Is this property for sale now?

Active Listing: 501 Fair Oaks Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 501 Fair Oaks Ave are:
Whittier Elementary School: GreatSchools Rating 8/10
Gwendolyn Brooks Middle School: GreatSchools Rating 5/10
Oak Park & River Forest High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $16,733 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 7, 2021 for $540,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 501 Fair Oaks Ave has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 Fair Oaks Ave is 2,050 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 Fair Oaks Ave is 1920.

Rocket Homes›Illinois›Cook County›Oak Park›60302›501 Fair Oaks Ave

This home is located at 501 Fair Oaks Ave in Oak Park, IL and zip code 60302. This 2,050 square foot home was built in 1920. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $675,000.

While more than 22 listings in Oak Park, IL in March 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 32 were sold below. The inventory of homes for sale in Oak Park, IL between February 2024 and March 2024 increased by 10.8%. The median list price of listings available in March 2024 was $379,047, while the average time on the real estate market was 51 days.

From Rocket Homes Real Estate and based on county public records data.

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