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Preliminary Home Valuation Report

3941 Linden Ave

Western Springs, Illinois 60558
Recommended List Price
$850,000
✎ Pricing Note: The $850,000 recommended list price is supported by five recent comparable sales ranging from $775,000 to $889,000, and is consistent with AVM consensus from First American ($866,000) and Zillow ($863,000). A walkthrough to confirm interior condition and any updates since the 2020 purchase would allow this estimate to be refined.
Based on comparable sales & current market data · May 2026
Prepared by: Mike Berg · Berg Properties
Broker/Owner · Former Certified Appraiser · 21+ Years
This is a preliminary estimate and not a formal appraisal.
1

Executive Summary

Recommended List Price
$850,000
Value range: $825,000 – $889,000
$775K–$889K
Comp Sale Range
$832K
AVM Consensus
$452K
Est. Net Equity

Condition Assumed Average-to-Good — A Walkthrough Will Sharpen This

Interior condition since the 2020 purchase has not been personally verified. If the owner has made kitchen, bath, or mechanical updates, the upper end of the range ($865,000–$889,000) becomes more defensible. A brief walkthrough prior to listing is recommended.

This report provides a comp-based valuation for the single-family colonial at 3941 Linden Ave in Western Springs — a 1939-built, 2-story brick home with 1,942 sq ft above grade, a finished basement, 3 bedrooms, and 1-car attached garage on a 60x131 ft lot. Served by Lyons Township High School (District 204) and District 101 elementary schools.


Five recent comparable sales within a tight geographic radius — all on Franklin Ave, Linden Ave, or Gilbert Ave — form the basis of this analysis. Three AVM providers average $832,000, with First American and Zillow tightly clustered at $863,000–$866,000.

2

Property Details

🏠
1939
Year Built
🛌
3
Bedrooms
🚽
1.1
Baths
📏
1,942
Above Grade Sq Ft
⬇️
Finished
Basement
🚗
1-Car
Attached Garage
🌿
7,860
Lot Sq Ft
📅
$12,222
2023 Taxes
🎓
Dist. 204
Lyons Township HS
FeatureDetailFeatureDetail
StyleColonial, 2-Story, BrickCountyCook
Above Grade Sq Ft1,942 (ANSI above-grade GLA)BasementFull, Finished (rec room)
Lot60x131 ft / 7,860 sq ft / 0.18 acGarage1-Car Attached
Fireplace1 Wood Burning, Living RoomSkylightYes
Elementary / Jr HighDistrict 101High SchoolLyons Township — District 204
2023 Taxes$12,222 (▲ see Section 3)Last Sale$591,000 (Oct 2020)
Owner SinceNick Dobrez / Lauren Trout (2020)Est. Loan Balance~$413,567
3

Property Tax Anomaly — Buyer Disclosure Note

📄

The 2023 Tax Spike Needs an Explanation Ready for Buyers

Taxes dropped from $10,852 (2021) to $5,969 (2022) — nearly half — then spiked to $12,222 in 2023, a 105% increase. This typically indicates an incorrect exemption applied in 2022 that was later corrected, or a reassessment catch-up. A real estate tax attorney should clarify this before listing.

Tax YearTax BillChangeNotes
2019$10,691+2.5%Normal trend
2020$9,882-8.2%Year of purchase
2021$10,852+8.9%Normal trend
2022$5,969-81.8%⚠ Unusual drop — possible incorrect exemption
2023$12,222+105%⚠ Likely correction/reassessment catch-up
Normalized Run Rate~$11,000–$12,500Likely going forward based on pre-anomaly trend
4

Comparable Sales Analysis (CMA)

📏 A Note on Square Footage: Square footage in this report follows standard appraisal methodology (ANSI standard): above-grade finished square footage is reported separately from finished basement space. Above-grade GLA (Gross Living Area) is the figure used by licensed appraisers and assessors to establish value. Finished basement space adds value but at a lower per-square-foot rate — typically 50–70% of the above-grade rate. Some MLS listings combine above-grade and finished basement square footage into a single figure; where this occurs in the comparable set, it is noted with an asterisk (*). Buyers and sellers should be aware that a home advertised as “2,500 sq ft” may include 800 sq ft of finished basement, which an appraiser will value differently than 2,500 sq ft of above-grade space.

Five comparable sales in Western Springs — all on Franklin Ave, Linden Ave, or Gilbert Ave, all Lyons Township HS, all recently sold. MLS-reported sq ft for some comps may include finished basement space; above-grade figures used where confirmed, noted with * where uncertain.

AddressMLS #Sale PriceBeds/BathsSq FtStyleYr BuiltNotes
4122 Franklin Ave12292145$775,0003 / 2.01,668 AG2-Story1929Low end — smallest sq ft
4211 Franklin Ave12398825$795,0003 / 1.0N/R2-Story19331 bath; lower end
4016 Linden Ave12486740$850,0003 / 2.02,514*2-Story1938Same street; *may include basement sq ft
4200 Gilbert Ave12586926$865,0003 / 2.01,392 AG1-Story1953Ranch, smaller but updated
3920 Franklin Ave12580453$889,0003 / 2.02,359*2-Story1928Top comp; *may include basement sq ft
3941 Linden Ave$850,000 (List)3 / 1.11,942 AG2-Story1939Subject — above-grade only per ANSI

Comparable Sale Prices vs. Recommended List Price

5

AVM Analysis

First American and Zillow are tightly aligned at $863,000–$866,000. Remine comes in lower at $767,629, pulling the 3-provider average down. Given the tight alignment of the two primary providers and strong comp support at $850,000, the Remine figure appears to be an outlier.

AVM Estimates

ProviderEstimateRangeDate
First American$866,000$814K–$921KApr 2026
Zillow (Zestimate)$863,000$811K–$923KMay 2026
Remine$767,629$600K–$819KMay 2026
3-Provider Average$832,210
FA + Zillow Average$864,500Primary consensus
6

Pricing Adjustments

FactorSubject vs. CompsImpactNotes
Same-Street Comp4016 Linden sold at $850,000Strong PositiveDirect same-street validation of list price
Brick ExteriorBrick colonialPositivePerceived quality advantage in this neighborhood
Finished BasementFull finished with rec roomPositiveValued separately from above-grade GLA; adds usable space
Sq Ft vs. Top Comps1,942 AG vs. 2,359–2,514* for top compsMinor Negative*Top comp sq ft may include basement; true AG gap may be smaller
Bath Count1 full + 1 half vs. 2 full for most compsMinor Negative4211 Franklin sold at $795,000 with 1 bath; half bath partially offsets
Condition (assumed)Average to good — not verifiedNeutral / PositiveConfirmed updates would support upper range
Tax Anomaly$12,222 in 2023 after $5,969 in 2022Requires ExplanationBuyers and attorneys will ask; proactive explanation reduces friction
Recommended List Price$850,000Same-street comp validates directly; sq ft and bath gaps keep ceiling at $865K+ for confirmed-updated homes
7

Western Springs Market Overview

$775K–$889K
Recent Comp Sale Range
▲ Active Demand
$850K
Recommended List Price
Same-Street Validated
$864K
FA + Zillow AVM Avg
Strong AVM Support
Dist. 204
Lyons Township HS
Top Value Driver
Brick 1939
Colonial Character
High Desirability
~$12K
Normalized Annual Tax
Anomaly — Explain to Buyers

Subject Property vs. Comp Range

8

Recommended Next Steps

Before This Home Goes to Market

1
Schedule a walkthrough to confirm interior condition and any updates since 2020. Kitchen or bath improvements would support pricing at $865,000 or above.
2
Obtain a tax clarification from a real estate tax attorney regarding the 2022–2023 anomaly. A clear written explanation ready for buyer inquiries will reduce friction and prevent deal delays.
3
Review mortgage payoff with the owner. The estimated loan balance of ~$413,567 at 2.87% means net proceeds and timing implications should be discussed before any listing decision.
4
List at $850,000 once condition is confirmed. Same-street comp at $850,000 validates this price directly and positions the home competitively within the full comp range.
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Disclaimer: This is a preliminary home valuation based on comparable sales and current market data. It is not a formal appraisal. Square footage follows ANSI appraisal standards (above-grade GLA reported separately from finished basement). The actual sale price is determined by market conditions, negotiations, and the specific condition of the home. All comp data sourced from MRED MLS records as of May 2026. Berg Properties makes no warranties regarding the accuracy or completeness of this information.