Score
0Downers Grove, IL
5552 Webster St
480K
3 beds
2 baths
2,240 sqft
3 bd • 2 ba • 2,240 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$479,900
Price/Sq.Ft
$214
Year Built
1949
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1949 ranch home at 5552 Webster St, Downers Grove, IL offers exceptional value at $214.24/sqft, which is approximately 25% below the average of $285/sqft for similar homes in the area. The property boasts a prime location just 0.5 miles from downtown Downers Grove, providing excellent walkability and access to amenities. Recent renovations include a brand new kitchen with quartz countertops and stainless-steel appliances, updated bathrooms, refinished hardwood floors, and fresh paint throughout. The 2,240 sqft layout is 15% larger than the average home in the area (1,950 sqft), offering ample space with 3 bedrooms and 2 bathrooms. The property has appreciated 75.1% since its last sale in 2005, outperforming the local market average of 62% over the same period. The Fairmount Elementary School, rated 10/10 and just 0.7 miles away, adds significant value for families with young children.
The Bad
While the property has many positive attributes, there are some potential drawbacks to consider. The home's age (built in 1949) may require ongoing maintenance and updates to keep systems functioning optimally. The moderate flood risk score of 4/10 is slightly higher than the area average of 3/10, which could impact insurance costs and future resale value. The estimated annual insurance cost of $1,727.64 is about 10% higher than the area average for similar properties. The property lacks central air conditioning, which may necessitate an additional investment of $8,000-$12,000 for installation. The local middle school (O'Neill Middle School) has a lower rating of 6/10, which might be a concern for families with older children.
The Ugly
The property taxes in Downers Grove are notoriously high, with DuPage County having some of the highest rates in Illinois. Based on local averages, annual property taxes for this home could exceed $10,000, which is a significant ongoing expense. The moderate flood risk (4/10) could lead to potential water damage and increased insurance premiums over time. The home's proximity to the Metra line (approximately 0.6 miles) may result in noise and vibration issues, potentially affecting quality of life and resale value. The trend of tear-downs and new construction in Downers Grove could impact the neighborhood's character and potentially overshadow older homes like this one in terms of market appeal.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for first-time homebuyers or young families with a household income of $120,000+ (based on a 28% front-end DTI ratio). It's perfect for those prioritizing a walkable lifestyle and proximity to downtown amenities. The spacious layout and high-rated elementary school make it suitable for families with young children. Empty nesters looking to downsize to a single-level home without sacrificing space would also find this property attractive. Investors could expect a potential gross rental yield of 5.3% based on local three-bedroom rental rates of $2,130/month, making it a viable investment property.
Not For
This property is not suitable for buyers seeking a move-in ready home with modern energy efficiency features, as it may require updates to HVAC and insulation. It's not ideal for those with a limited budget for ongoing maintenance or inability to handle potentially high property taxes. Families with middle or high school-aged children might prefer areas with higher-rated schools for those age groups. Individuals sensitive to noise or seeking a more secluded environment may find the proximity to downtown and potential train noise problematic. Luxury home buyers looking for high-end finishes throughout or expansive lot sizes might find this property lacking.
Demographics
Area Median Income
$104,143
Property History
Price History
Ownership Timeline
$0Cash Purchase
Mar 8, 2023Robert O Zerbs5552 Webster Street Land Trust
Deed
Non-Arm's Length Transactions
$274,000Financed
Dec 21, 2004Marian M Velasquez, Trust #1Robert O Zerbs
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 23, 2003Josephine C MeloneJosephine C Melone, Trust #1
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jun 5, 2003Robert Gayauski, Joyce GayauskiJosephine C Melone
Quit Claim Deed
Non-Arm's Length Transactions
$239,000Cash Purchase
Jul 12, 2002John H AhausJosephine C Melone, Robert Gayauski
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Aug 12, 1999John H Ahaus, Carolyn H AhausJohn H Ahaus
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$5,327
2023 Tax Assessment
21.0%from previous year
Assessed Value$105,620
Tax Rate5.04%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
10.0/10
ExcellentMiddle
5.0/10
AverageHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,350
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$479,900
Price/sqft
$214
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$510,667
6.0%
Your price is 6.0% below average
Median Price
$550,000
12.7%
Based on 6 recent sales
Price per Sq.Ft
$234
8.4%
Your price is 8.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5604 CARPENTER Street, Downers Grove, IL 60516 | $472,000 | 2,355 | 3 | 2 | $2006.4% | 9/20/2024 |
| 5252 Benton Avenue, Downers Grove, IL 60515 | $620,000 | 2,296 | 3 | 2 | $27026.0% | 9/5/2024 |
| 1649 Maple Avenue, Downers Grove, IL 60515 | $355,000 | 2,240 | 4 | 2 | $15826.0% | 8/2/2024 |
| 229 Sheldon Avenue, Downers Grove, IL 60515 | $365,000 | 2,130 | 3 | 2 | $17120.0% | 8/9/2024 |
| 5731 Doe Circle, Westmont, IL 60559 | $550,000 | 1,894 | 3 | 3 | $29035.5% | 11/7/2024 |
| 5607 Brookbank Road, Downers Grove, IL 60516 | $702,000 | 2,246 | 3 | 3 | $31345.9% | 9/12/2024 |
5604 CARPENTER Street, Downers Grove, IL 60516
Price: $472,000
Sq.Ft: 2,355
Beds/Baths: 3/2
$/Sq.Ft:
$2006.4%
Sale Date: 9/20/2024
5252 Benton Avenue, Downers Grove, IL 60515
Price: $620,000
Sq.Ft: 2,296
Beds/Baths: 3/2
$/Sq.Ft:
$27026.0%
Sale Date: 9/5/2024
1649 Maple Avenue, Downers Grove, IL 60515
Price: $355,000
Sq.Ft: 2,240
Beds/Baths: 4/2
$/Sq.Ft:
$15826.0%
Sale Date: 8/2/2024
229 Sheldon Avenue, Downers Grove, IL 60515
Price: $365,000
Sq.Ft: 2,130
Beds/Baths: 3/2
$/Sq.Ft:
$17120.0%
Sale Date: 8/9/2024
5731 Doe Circle, Westmont, IL 60559
Price: $550,000
Sq.Ft: 1,894
Beds/Baths: 3/3
$/Sq.Ft:
$29035.5%
Sale Date: 11/7/2024
5607 Brookbank Road, Downers Grove, IL 60516
Price: $702,000
Sq.Ft: 2,246
Beds/Baths: 3/3
$/Sq.Ft:
$31345.9%
Sale Date: 9/12/2024
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