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6322 Wilshire Dr
Downers Grove, IL

6322 Wilshire Dr

$475,000
3 bd • 2 ba • 2,272 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$475,000

Price/Sq.Ft

$209

Year Built

1957

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property excels with its prime location in the sought-after Downers Grove North area, offering a generous 2,272 sqft of living space on a nearly half-acre lot. At $209.07/sqft, it's priced competitively compared to the area average. Recent updates include a beautifully remodeled kitchen with granite countertops and stainless steel appliances, adding significant value. The property boasts excellent climate risk scores, with minimal flood (1/10) and fire (1/10) risks, potentially leading to lower insurance costs. With 3 bedrooms and 2 bathrooms, it's well-suited for families. The home has appreciated 11.8% since its last sale in 2021, outperforming the market average. Its location near highly-rated schools (Goodrich Elementary 8/10, Thomas Jefferson Jr High 9/10) adds to its appeal for families.

The Bad

The property's age (built in 1957) may require ongoing maintenance and potential system upgrades. While recently updated, some areas may still need attention. The moderate heat risk (3/10) and air quality risk (3/10) could be concerns for some buyers, potentially affecting comfort during peak summer months. The home's price point of $475,000 is above the median income for the area ($104,143), which may limit the pool of potential buyers. The lack of an HOA means all exterior maintenance and landscaping responsibilities fall solely on the homeowner, which could be a drawback for some buyers seeking a more hands-off ownership experience.

The Ugly

The property taxes in DuPage County, where Downers Grove is located, are notoriously high. While specific tax information isn't provided, buyers should anticipate a significant annual tax burden that could substantially increase the total cost of ownership. The estimated insurance cost of $1,710/year is relatively high, likely due to the property's size and value. The home's appreciation rate, while positive, has been inconsistent (43.9% increase from 2004 to 2021, followed by a 5.3% decrease), indicating potential market volatility. The moderate air quality risk (3/10) with 3 bad air days per year could be a health concern for sensitive individuals. Lastly, while the flood risk is minimal, the proximity to areas with higher flood risks in Downers Grove (near East Branch DuPage River and St. Joseph Creek) should be carefully considered.

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 families with a household income of $150,000+ who prioritize space, quality schools, and a quiet suburban lifestyle. It suits buyers looking for a move-in ready home with recent updates, particularly those who appreciate entertaining spaces like the updated kitchen and lower level rec room. The nearly half-acre lot is perfect for gardening enthusiasts or those desiring outdoor living space. The property would appeal to professionals commuting to Chicago via Metra, given Downers Grove's convenient train access. Long-term investors could benefit from the area's strong appreciation potential and the opportunity to further update the property.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its price point and potential high property taxes. It's not ideal for those seeking a low-maintenance lifestyle, as the large lot and lack of HOA require significant upkeep. Buyers prioritizing new construction or modern architectural styles may find the 1957 build date less appealing. The home isn't suitable for large multigenerational families needing more than 3 bedrooms. Investors looking for high rental yields might find better opportunities, as the purchase price and potential property taxes could limit rental profitability.
Demographics
Area Median Income

$104,143

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Risk Assessment

Climate Risks

airMODERATE

3 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 103°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The high property taxes in DuPage County pose a significant ongoing cost risk, potentially impacting affordability over time. The home's age (66 years) suggests potential for major system replacements in the near future, including HVAC, roofing, or plumbing, which could cost $20,000-$40,000+. While flood risk is minimal, changing climate patterns could alter this in the future. The moderate heat risk (3/10) may necessitate increased cooling costs and potential HVAC upgrades. The competitive nature of the Downers Grove market could lead to future price volatility, impacting investment returns. Potential zoning changes or increased teardown activity in the area could affect the neighborhood's character and property values.
Insurance
Annual Cost

$1,710

$143 per month

Financials

Monthly Costs

Price History

Property Taxes

$10,103
2023 Tax Assessment
13.7%from previous year
Assessed Value$133,260
Tax Rate7.58%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$394,833

-16.9% below list price

Median Price

$419,000

Based on 6 recent sales

Price per Sq.Ft

$204

Comparable Properties

6725 Woodridge Drive, Woodridge, IL 60517
Price: $405,000
Sq.Ft: 1,872
Beds/Baths: 4/2
$/Sq.Ft:
$2163.5%
Sale Date: 10/23/2024
2311 Sunnydale Drive, Woodridge, IL 60517
Price: $435,000
Sq.Ft: 1,950
Beds/Baths: 4/2
$/Sq.Ft:
$2236.7%
Sale Date: 9/28/2024
6728 Westmoreland Drive, Woodridge, IL 60517
Price: $420,000
Sq.Ft: 2,100
Beds/Baths: 4/2
$/Sq.Ft:
$2004.3%
Sale Date: 8/31/2024
7001 Roberts Drive, Woodridge, IL 60517
Price: $300,000
Sq.Ft: 1,872
Beds/Baths: 3/2
$/Sq.Ft:
$16023.3%
Sale Date: 9/11/2024
6021 Lenox Court, Lisle, IL 60532
Price: $390,000
Sq.Ft: 1,928
Beds/Baths: 3/2
$/Sq.Ft:
$2023.2%
Sale Date: 8/27/2024
6613 Westmoreland Drive, Woodridge, IL 60517
Price: $419,000
Sq.Ft: 1,872
Beds/Baths: 4/2
$/Sq.Ft:
$2247.1%
Sale Date: 8/20/2024

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