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Preliminary Home Valuation Report

122 N Park Ave

Hinsdale, Illinois 60521
Estimated Value Range
$875,000 – $1,150,000
⚠ Note on This Range: This is a wider-than-usual range because we have not yet confirmed the condition and updates of your home. A 1910 home in Hinsdale with original finishes vs. a fully renovated one can differ by $200,000 or more. Once you share details about any updates — kitchen, baths, systems, or other improvements — we can sharpen this estimate significantly.
Based on comparable sales & current market data · March 2026
Prepared for: Robert & Dorothy Hoffman
Prepared by: Mike Berg · Berg Properties
This is a preliminary estimate and not a formal appraisal.
1

Executive Summary

Important: This Range Will Be Refined After Our Conversation

The estimated range of $875,000 – $1,150,000 is based entirely on public records and comparable sales. Because we have not yet spoken about the condition and updates of your home, this range is intentionally broad. A fully renovated 1910 home in this location can command $1,100,000+, while one with original finishes may be closer to the lower end. The single most impactful question is: what updates have been made since 2016? Kitchen, bathrooms, mechanical systems, and the basement finish level will all significantly move the needle.

Estimated Value Range
$875,000 – $1,150,000
Most likely value: ~$950,000 – $1,050,000
~$1,134K
AVM Estimate
~$961K
Est. Net Equity
~85%
Equity %

This report provides a preliminary valuation estimate for the single-family home at 122 N Park Ave in Hinsdale, Illinois. The analysis draws on public records, recent comparable sales, and current market conditions as of March 2026. The property is a charming 1910 frame home on a cobblestone street in the heart of Hinsdale — steps from the Metra train and downtown — with 2,118 above-grade square feet, a full finished basement, 4 bedrooms, 3.5 baths, and a detached 2-car garage.


Hinsdale is one of the most desirable suburbs in the Chicago metro area, and the Hinsdale Central (District 86) school zone commands a meaningful premium. The subject property’s location on N Park Ave, combined with its character architecture and walkability, positions it well in the current market.

2

Property Details

🏠
1910
Year Built
🛌
4
Bedrooms
🚽
3.5
Bathrooms
📏
2,118
Sq Ft Above Grade
⬇️
Full
Finished Basement
🚗
2-Car
Detached Garage
🌿
7,841
Lot Sq Ft
🏠
Frame
Construction
📍
0.19 ac
Lot Size
FeatureDetailFeatureDetail
Property TypeSingle Family, 2 StoriesNeighborhoodHinsdale Highlands
FoundationBlockCountyDuPage
HeatingForced Air + Hot Water/Steam (Gas)CoolingCentral Air
2023 Property Taxes$13,256Owned SinceJan 2016 (10 years)
Lot Dimensions50 x 165 ftParcel ID09-01-414-020
Special FeaturesScreened porch, heated floors, vaulted primary suite, gas fireplaceGarageDetached 2-car w/ opener
3

Your Equity Position

Estimated Equity vs. Remaining Loan Balance

~85% Equity — ~$961,000
Loan Balance: ~$172,566 (15%) Est. Value: ~$1,134,000

After 10 years of ownership, you have built an estimated $961,000 in net equity — representing approximately 85% of your home’s current estimated value. You purchased the home for $625,000 in January 2016; the Hinsdale market has appreciated an average of 6.04% annually since then, representing an estimated gain of over $508,000 in value.

You've Built Nearly $1 Million in Equity

Let's talk about what a sale could actually look like for you — what you'd walk away with, what the timeline looks like, and what the Hinsdale market is doing right now.

📞 Call Mike: 773-544-9785 ✉ Send a Quick Email
4

Comparable Sales (CMA)

The following recently sold properties represent the most relevant comparables for your home. Hinsdale’s market spans a wide price range, so comps are selected to reflect homes of similar age, size, and character — older homes with original architecture in walkable Hinsdale locations.

AddressSold DateSale PriceBeds/BathsSq Ft$/SqFt
13 S Thurlow StDec 2025$999,0004 / 2.5~2,200~$454
19 N Vine StJun 2025$1,475,0004 / 3.53,418$432
23 N Vine StOct 2025$1,393,0005 / 2.54,179$333
831 W North StFeb 2026$675,0003 / 21,466$460
531 Bonnie Brae RdMar 2026$650,0004 / 22,124$306
140 N Quincy StJan 2026$1,650,0005 / 3.53,376$489

Comparable Sale Prices vs. Subject Property Estimate

5

Automated Valuation Models (AVMs)

Multiple independent valuation providers estimate your home’s value. These models use public data and do not account for condition or updates — which is why the range in this report is broader than typical. The AVM consensus centers around $1,050,000 – $1,134,000.

AVM Estimates Comparison

ProviderEstimateNote
Homes.com (mid)$1,133,950Range: $993K–$1.24M
Realtor.com (mid)$1,178,586Range: $992K–$1.37M
Zillow (est.)~$1,050,000Market-based est.
Compass~$1,100,000Off-market est.
Average~$1,116,000
6

Local Market Conditions — Hinsdale 60521

Hinsdale remains one of the strongest real estate markets in the Chicago suburbs. As of early 2026, it is firmly a seller’s market with low inventory, fast-moving well-priced homes, and year-over-year price appreciation of +15.3%. The District 86 school zone (Hinsdale Central) continues to be one of the most powerful value drivers in the western suburbs.

$951K
Median Sale Price (Hinsdale)
▲ +15.3% Year-over-Year
$925K
Median Sale Price (60521 zip)
Seller’s Market
50–66 days
Avg Days on Market
Well-priced homes move fast
99.1%
List-to-Sale Ratio (D86)
Homes selling near asking
$356
Avg Price Per Sq Ft (60521)
▲ Rising
6.04%
Avg Annual Appreciation
Since your 2016 purchase

Hinsdale 60521 — Market Price Context

📚 Want a deeper look at what's driving prices in Hinsdale right now? Read the full Hinsdale Home Appraisal Guide — covering local trends, school district values, and what buyers are paying a premium for today.

7

Schools — District 181 & District 86

Your home is served by two of the most highly regarded school districts in Illinois. The Hinsdale Central High School (District 86) designation is one of the most powerful selling points in the entire western suburbs — buyers actively seek homes in this boundary and pay a premium for them.

🎒
Elementary School
The Lane Elementary
District 181 · Rated A+
📚
Middle School
Hinsdale Middle School
District 181
🎓
High School
Hinsdale Central High School
District 86 · Top-Ranked in Illinois
8

What Will Sharpen This Estimate

🔎

Help Us Narrow the Range

The difference between the low and high end of this estimate is largely driven by condition and updates. Please share any of the following when we connect, and we can refine this estimate immediately.

Update / FeaturePotential Value ImpactWhy It Matters
Kitchen remodel (cabinets, counters, appliances)+$50,000 – $100,000+Highest ROI update in Hinsdale market
Primary bath renovation+$25,000 – $60,000Buyers expect updated baths at this price point
Basement finish level (rec room, bath, egress)+$30,000 – $75,000Full finished basement adds usable sq ft
New roof (age/condition)+$10,000 – $25,0001910 home — buyers will ask about roof age
HVAC / boiler update+$10,000 – $20,000Older systems are a negotiating point
Windows (original vs. replacement)+$15,000 – $30,000Energy efficiency and aesthetics
Addition or expansionVaries significantlyAdditional sq ft above grade is highly valued
9

Recommended Next Steps

How We Move Forward Together

1
Review this report and note any questions about the valuation or the Hinsdale market.
2
Share details about updates and improvements — kitchen, baths, systems, basement — so we can refine the range.
3
Schedule a free 10-minute call to walk through the numbers and discuss your goals and timeline.
4
Receive a refined, tightened valuation and a customized selling strategy tailored to your home.

Ready to talk? Reach out at [email protected] or call 773-544-9785

Disclaimer: This is a preliminary home valuation based on publicly available data, automated valuation models, and recent comparable sales. It is not a formal appraisal and should not be used as a substitute for a professional appraisal. The actual sale price of a property is determined by market conditions, negotiations, and the specific condition of the home. All data sourced from public records, MLS data, and third-party AVM providers as of March 2026. Berg Properties makes no warranties regarding the accuracy or completeness of this information.