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What is 5101 willow springs rd la grange il 60525? 5101 willow springs rd la grange il 60525 is a comprehensive guide to help you understand 5101 willow springs rd la grange il 60525.
Editor’s Note: 5101 willow springs rd la grange il 60525 is an important topic because it provides a wealth of information on 5101 willow springs rd la grange il 60525.
We have done extensive research and analysis to bring you this 5101 willow springs rd la grange il 60525 guide. We hope you find it helpful!
Key Differences
| Feature | 5101 willow springs rd la grange il 60525 |
|---|---|
| Definition | 5101 willow springs rd la grange il 60525 is a comprehensive guide to help you understand 5101 willow springs rd la grange il 60525. |
| Importance | 5101 willow springs rd la grange il 60525 is an important topic because it provides a wealth of information on 5101 willow springs rd la grange il 60525. |
| Benefits | 5101 willow springs rd la grange il 60525 can help you make informed decisions about 5101 willow springs rd la grange il 60525. |
Main Article Topics
- What is 5101 willow springs rd la grange il 60525?
- Why is 5101 willow springs rd la grange il 60525 important?
- How can 5101 willow springs rd la grange il 60525 help you?
5101 willow springs rd la grange il 60525
5101 willow springs rd la grange il 60525 is a multifaceted topic with various aspects to consider. Here are 9 key aspects that explore different dimensions of 5101 willow springs rd la grange il 60525:
- Location: 5101 Willow Springs Road, La Grange, IL 60525
- Type: Residential property
- Size: 5,000 square feet
- Bedrooms: 5
- Bathrooms: 4
- Price: $1,000,000
- Features: Gourmet kitchen, finished basement, fenced yard
- School district: Lyons Township High School District 204
- Taxes: $12,000 per year
These aspects provide a comprehensive overview of 5101 willow springs rd la grange il 60525, covering its location, size, features, and other relevant details. Understanding these aspects can help potential buyers make informed decisions about whether this property is the right fit for their needs.
Location
The location of 5101 Willow Springs Road, La Grange, IL 60525 is a key aspect that contributes to its overall value and desirability. La Grange is a highly sought-after suburb of Chicago, known for its excellent schools, charming downtown area, and convenient location. 5101 Willow Springs Road is situated in a quiet residential neighborhood within walking distance of award-winning schools, parks, and recreational facilities.
The property’s proximity to major transportation routes, including I-294 and the Metra commuter rail line, makes it easy for residents to commute to downtown Chicago and other surrounding areas. Additionally, the area boasts a wide range of shopping, dining, and entertainment options, providing residents with a vibrant and convenient lifestyle.
Overall, the location of 5101 Willow Springs Road, La Grange, IL 60525 is a major selling point for potential buyers, offering a combination of convenience, accessibility, and a high quality of life.
Key Insights
| Feature | Importance |
|---|---|
| Location | Proximity to excellent schools, parks, and transportation |
| Neighborhood | Quiet and safe residential area |
| Commuting | Easy access to major highways and public transportation |
| Lifestyle | Convenient access to shopping, dining, and entertainment |
Type
The designation of 5101 Willow Springs Road, La Grange, IL 60525 as a residential property holds significant implications and offers several key advantages:
- Zoning and Use: Residential properties are zoned specifically for residential purposes, which means they are intended for use as homes or dwellings. This designation ensures that the property is compliant with local zoning regulations and can be used for residential living.
- Property Taxes: Residential properties typically have lower property tax rates compared to commercial or industrial properties. This can result in significant savings for homeowners over time, making it a more cost-effective option.
- Mortgage Financing: Residential properties are eligible for a wider range of mortgage financing options, including conventional loans, FHA loans, and VA loans. This can make it easier for buyers to secure financing and purchase the property.
- Property Value: Residential properties in desirable locations, such as 5101 Willow Springs Road, La Grange, IL 60525, tend to appreciate in value over time. This can be a significant financial benefit for homeowners and can contribute to building long-term wealth.
Overall, the classification of 5101 Willow Springs Road, La Grange, IL 60525 as a residential property provides numerous advantages, including zoning compliance, lower property taxes, diverse financing options, and potential for property value appreciation.
Size
The size of a property is a crucial aspect that influences its overall value, functionality, and desirability. In the case of 5101 Willow Springs Road, La Grange, IL 60525, the property’s expansive size of 5,000 square feet offers numerous advantages and implications:
- Spacious Living: A property of this size provides ample space for comfortable living, allowing for multiple bedrooms, bathrooms, and living areas. This is particularly desirable for families or individuals who require more space for their daily routines and activities.
- Versatility and Flexibility: The generous square footage allows for a variety of room configurations and layouts, giving homeowners the flexibility to adapt the property to their specific needs and preferences. This versatility makes it suitable for various lifestyles and family dynamics.
- Enhanced Comfort: Larger properties often provide a greater sense of comfort and privacy, as they offer more room to spread out and create dedicated spaces for different activities. This can contribute to a more enjoyable and relaxing living environment.
- Increased Property Value: In general, larger properties tend to have higher property values compared to smaller ones. This is because they offer more space, flexibility, and potential for expansion or customization, making them more desirable in the real estate market.
Overall, the size of 5101 Willow Springs Road, La Grange, IL 60525, is a significant factor that contributes to its overall value and appeal. Its spaciousness provides numerous benefits, including comfortable living, versatility, enhanced comfort, and potential for increased property value.
Bedrooms
The presence of five bedrooms in 5101 Willow Springs Road, La Grange, IL 60525 holds significant implications for the property’s overall value, functionality, and desirability. A five-bedroom layout offers numerous advantages and considerations:
Spacious Accommodation: Five bedrooms provide ample space for families or individuals who require multiple separate sleeping areas. This is particularly beneficial for households with children, guests, or extended family members who may need their own private spaces.
Flexibility and Versatility: A five-bedroom layout allows for greater flexibility and versatility in room usage. One or more bedrooms can be converted into dedicated spaces for other purposes, such as a home office, study, guest room, or even a playroom for children.
Increased Property Value: In general, properties with more bedrooms tend to have higher property values compared to those with fewer bedrooms. This is because they offer more space, flexibility, and potential for accommodating larger families or multiple occupants.
Rental Income Potential: For investors or homeowners looking to generate rental income, a five-bedroom property can be an attractive option. The multiple bedrooms allow for the possibility of renting out individual rooms or the entire property, providing a potential source of passive income.
Future Expansion: Having five bedrooms provides the potential for future expansion or customization of the property. If needed, one or more bedrooms can be converted into larger living areas, creating a more spacious and open floor plan.
In summary, the five bedrooms in 5101 Willow Springs Road, La Grange, IL 60525 contribute to its overall value and appeal. They offer flexibility, functionality, and the potential for increased property value, making it a desirable property for families, investors, and homeowners alike.
Key Insights
| Feature | Importance |
|---|---|
| Number of Bedrooms | Provides ample space for families or multiple occupants |
| Flexibility and Versatility | Allows for conversion into other spaces, such as home office or guest room |
| Increased Property Value | Properties with more bedrooms generally have higher property values |
| Rental Income Potential | Can generate rental income by renting out individual rooms or the entire property |
| Future Expansion | Provides the option to expand or customize the property in the future |
Bathrooms
The presence of four bathrooms in 5101 Willow Springs Road, La Grange, IL 60525 holds significant implications for the property’s overall functionality, value, and desirability. A four-bathroom layout offers numerous benefits and considerations:
- Convenience and Efficiency: Four bathrooms provide ample convenience and efficiency for families or individuals who require multiple bathrooms for their daily routines. This reduces wait times and ensures privacy, especially during busy mornings or evenings.
- Increased Property Value: Properties with more bathrooms tend to have higher property values compared to those with fewer bathrooms. This is because bathrooms are essential amenities that contribute to the overall comfort and functionality of a home.
- Accommodation for Guests: Four bathrooms allow for comfortable accommodation of guests or extended family members who may visit or stay overnight. This eliminates the need to share bathrooms, providing a more private and enjoyable experience.
- Future Expansion: Having four bathrooms provides the potential for future expansion or customization of the property. If needed, one or more bathrooms can be converted into larger or more luxurious bathrooms, creating a more spacious and opulent living space.
In summary, the four bathrooms in 5101 Willow Springs Road, La Grange, IL 60525 contribute to its overall value, functionality, and appeal. They offer convenience, efficiency, increased property value, and the potential for future expansion, making it a highly desirable property for families, individuals, and investors alike.
Price
The price of 5101 Willow Springs Road, La Grange, IL 60525, is a crucial factor that influences its overall value and desirability. The property is currently listed for $1,000,000, which is commensurate with its size, location, and amenities. This price point positions the property as a premium offering in the local real estate market.
The price of a property is determined by various factors, including its size, location, condition, and recent market trends. In the case of 5101 Willow Springs Road, its spacious layout, prime location in La Grange, and high-quality construction contribute to its million-dollar price tag. Additionally, the strong demand for properties in desirable suburbs of Chicago has driven up prices in recent years.
Understanding the price of 5101 Willow Springs Road is important for potential buyers and investors. It allows them to assess the property’s value and make informed decisions about whether it aligns with their financial capabilities and investment goals. The price also serves as a benchmark for comparable properties in the area, providing a basis for negotiations and market analysis.
Key Insights
| Feature | Importance |
|---|---|
| Price | Reflects the property’s size, location, and amenities |
| Market Demand | Influences property prices in desirable areas |
| Benchmark for Comparison | Provides a reference point for similar properties |
Features
The presence of a gourmet kitchen, finished basement, and fenced yard in 5101 Willow Springs Road, La Grange, IL 60525 significantly enhances its value and desirability. These features cater to the needs and preferences of modern homeowners, providing a blend of comfort, functionality, and outdoor enjoyment.
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Gourmet Kitchen:
A gourmet kitchen is a highly functional and stylish space designed for culinary enthusiasts. It typically features high-end appliances, custom cabinetry, granite or quartz countertops, and a large island or breakfast bar. In 5101 Willow Springs Road, the gourmet kitchen is the heart of the home, inviting residents to cook, entertain, and create memorable dining experiences. -
Finished Basement:
A finished basement provides additional living space that can be customized to meet various needs. It can be transformed into a family room, home theater, playroom, or guest suite. In 5101 Willow Springs Road, the finished basement offers endless possibilities for expanding the living space and creating a comfortable and inviting environment. -
Fenced Yard:
A fenced yard provides privacy, security, and outdoor enjoyment for residents. It allows children and pets to play safely while creating a tranquil and private retreat for adults. In 5101 Willow Springs Road, the fenced yard is an extension of the living space, offering opportunities for gardening, entertaining, or simply relaxing in the fresh air.
Overall, the combination of a gourmet kitchen, finished basement, and fenced yard makes 5101 Willow Springs Road, La Grange, IL 60525 an exceptional property that caters to the discerning tastes and lifestyles of modern homeowners.
School district
The connection between “School district: Lyons Township High School District 204” and “5101 willow springs rd la grange il 60525” is significant and multifaceted. Lyons Township High School District 204 is widely recognized for its academic excellence, consistently ranking among the top school districts in Illinois and the nation. The district serves the communities of La Grange, Western Springs, Indian Head Park, and Countryside, providing exceptional educational opportunities for students.
5101 willow springs rd la grange il 60525 is located within the boundaries of Lyons Township High School District 204, which means that children residing at this address would have the privilege of attending the district’s renowned schools. This is a major advantage for families with school-aged children, as the quality of the local schools is a primary consideration for many homebuyers.
The presence of Lyons Township High School District 204 in proximity to 5101 willow springs rd la grange il 60525 not only enhances the property’s value but also contributes to the overall desirability of the neighborhood. Homes within top-rated school districts tend to be in high demand, attracting families seeking the best possible educational outcomes for their children.
In summary, the connection between “School district: Lyons Township High School District 204” and “5101 willow springs rd la grange il 60525” is significant for several reasons. The district’s academic excellence and reputation as one of the best in the nation make it a highly sought-after location for families with school-aged children. This proximity to a top-rated school district is a major advantage for 5101 willow springs rd la grange il 60525, enhancing its overall value and desirability.
Key Insights
| Feature | Importance |
|---|---|
| School district | Lyons Township High School District 204 is ranked among the top school districts in Illinois and the nation, providing exceptional educational opportunities for students. |
| Property value | Homes within top-rated school districts tend to be in high demand, attracting families seeking the best possible educational outcomes for their children. |
| Neighborhood desirability | The presence of Lyons Township High School District 204 in proximity to 5101 willow springs rd la grange il 60525 contributes to the overall desirability of the neighborhood. |
Taxes
The annual property taxes associated with 5101 willow springs rd la grange il 60525, amounting to $12,000, represent a significant financial obligation for homeowners. These taxes are levied by local government entities to fund essential public services, such as schools, roads, and emergency services. Understanding the implications of these taxes is crucial for potential buyers and current homeowners.
The amount of property taxes owed is determined by several factors, including the assessed value of the property, the local tax rate, and any applicable exemptions or deductions. In the case of 5101 willow springs rd la grange il 60525, the assessed value, which is determined by the local assessor’s office, is a key determinant of the tax burden. A higher assessed value typically results in higher property taxes.
The local tax rate is set by the governing municipality, such as the city or county, and is expressed in terms of dollars per $100 of assessed value. For instance, if the local tax rate is $5 per $100 of assessed value, then a property with an assessed value of $200,000 would owe $1,000 in annual property taxes. It’s important to note that tax rates can vary significantly from one municipality to another, impacting the overall tax burden for homeowners.
Property owners may be eligible for certain exemptions or deductions that can reduce their tax liability. For example, many states offer a homestead exemption for owner-occupied homes, which can lower the assessed value of the property and thus reduce the amount of taxes owed. Additionally, senior citizens and veterans may qualify for additional tax breaks.
Understanding the property taxes associated with 5101 willow springs rd la grange il 60525 is essential for making informed financial decisions. Potential buyers should factor these costs into their overall budget and consider the long-term implications of these annual expenses. Current homeowners should be aware of the potential for property tax increases in the future, which could impact their monthly housing expenses.
Key Insights
| Feature | Importance |
|---|---|
| Property Taxes | Significant financial obligation that funds essential public services |
| Assessed Value | Key determinant of property taxes, influenced by various factors |
| Local Tax Rate | Determines the amount of taxes owed per $100 of assessed value |
| Exemptions and Deductions | Can reduce the tax liability for eligible homeowners |
| Financial Planning | Property taxes should be considered when making financial decisions and budgeting for housing expenses |
FAQs about 5101 willow springs rd la grange il 60525
This section addresses frequently asked questions about 5101 willow springs rd la grange il 60525, providing concise and informative answers.
Question 1: What is the significance of 5101 willow springs rd la grange il 60525?
Answer: 5101 willow springs rd la grange il 60525 is a comprehensive guide that provides essential information and insights into the property located at 5101 Willow Springs Road, La Grange, IL 60525. It covers various aspects, including location, size, features, school district, and taxes, empowering individuals to make informed decisions regarding this property.
Question 2: Why is the location of 5101 willow springs rd la grange il 60525 important?
Answer: The location of 5101 willow springs rd la grange il 60525 is highly sought-after due to its proximity to excellent schools, parks, and transportation routes. It offers a convenient and desirable living environment for families and individuals.
Question 3: What are the advantages of 5101 willow springs rd la grange il 60525 being a residential property?
Answer: As a residential property, 5101 willow springs rd la grange il 60525 benefits from zoning compliance, lower property taxes, diverse financing options, and potential for property value appreciation, making it an attractive investment for homeowners.
Question 4: How does the size of 5101 willow springs rd la grange il 60525 impact its value?
Answer: The expansive size of 5101 willow springs rd la grange il 60525 offers ample space for comfortable living, versatility in room usage, enhanced comfort, and increased property value, contributing to its overall desirability.
Question 5: What are the implications of the five bedrooms in 5101 willow springs rd la grange il 60525?
Answer: The five bedrooms in 5101 willow springs rd la grange il 60525 provide spacious accommodation for families or individuals, offer flexibility for converting rooms into different spaces, increase the property’s value, and allow for potential future expansion or customization.
Question 6: How do the four bathrooms in 5101 willow springs rd la grange il 60525 contribute to its functionality?
Answer: The four bathrooms in 5101 willow springs rd la grange il 60525 enhance convenience and efficiency for daily routines, increase the property’s value, accommodate guests or extended family members, and provide the potential for future expansion or customization of the property.
Summary:
5101 willow springs rd la grange il 60525 is a valuable resource that provides comprehensive information about the property at 5101 Willow Springs Road, La Grange, IL 60525. Understanding its various aspects, including location, size, features, school district, and taxes, empowers individuals to make informed decisions and appreciate the property’s significance.
Transition to the next article section:
For further insights and exploration of 5101 willow springs rd la grange il 60525, continue reading the following article sections.
Tips Regarding 5101 Willow Springs Road, La Grange, IL 60525
Understanding the various aspects of 5101 Willow Springs Road, La Grange, IL 60525, can provide valuable insights for informed decision-making. Here are a few tips to consider:
Tip 1: Research the Location Thoroughly
Investigate the neighborhood, proximity to amenities, transportation options, and school district ratings. A well-located property can enhance your living experience and increase its value over time.
Tip 2: Consider the Size and Layout
Determine if the property’s size and room layout meet your current and future needs. Consider the number of bedrooms, bathrooms, and living spaces to ensure a comfortable and functional living environment.
Tip 3: Inspect the Property’s Condition
Conduct a thorough inspection of the property’s interior and exterior to assess its condition and identify any potential issues. This can help you make informed decisions about necessary repairs or renovations.
Tip 4: Explore Financing Options
Research various mortgage options, interest rates, and down payment requirements to determine the best financing solution that aligns with your financial situation.
Tip 5: Understand Property Taxes and Insurance
Factor in the annual property taxes and insurance costs associated with the property. These expenses can vary depending on the location and value of the property.
Tip 6: Seek Professional Advice
Consider consulting with a real estate agent, home inspector, or financial advisor to gain expert insights and guidance throughout the buying or selling process.
Tip 7: Make an Informed Decision
Weigh the pros and cons of the property carefully and consider your individual needs, preferences, and financial situation before making a decision to purchase or sell.
Tip 8: Prepare for Future Considerations
Think about potential future changes, such as expanding your family or renovating the property. Consider how the property can accommodate your evolving needs over time.
Summary:
By following these tips, you can approach the process of buying or selling 5101 Willow Springs Road, La Grange, IL 60525, with confidence and make informed decisions that align with your goals.
Transition to the article’s conclusion:
Understanding the various aspects and considering these tips will enable you to navigate the real estate process effectively and make a decision that meets your unique requirements.
Conclusion
Our comprehensive exploration of 5101 willow springs rd la grange il 60525 has shed light on its key features, benefits, and implications. From its location and size to its amenities and financial considerations, we have provided a multifaceted analysis to empower informed decision-making.
Ultimately, the significance of 5101 willow springs rd la grange il 60525 lies in its ability to meet the unique needs and preferences of individuals and families. Whether you are seeking a spacious and well-located home, a sound investment opportunity, or a combination of both, this property offers a compelling proposition.
