Elmhurst Fairview Home Sells For 1.7 Million

This market update covers the recent ownership change of a prominent single-family residence situated at 718 South Fairview Avenue in Elmhurst. The multi-million dollar transaction officially wrapped up on August 24, capturing significant attention from local buyers.

Deals like this reflect the ongoing stability and robust demand characterizing the local housing sector. For those tracking broader shifts, our architecture articles offer deeper insights into neighborhood trends.

Property Specifications and Layout

Interior Features and Comfort

Spanning an impressive 4,343 square feet, the two-story home was originally constructed in 2007 with modern living in mind. The residence features a spacious layout that includes a total of four well-appointed bedrooms.

Interior amenities are designed to maximize coziness, boasting three distinct fireplaces throughout the main living areas. Climate control is efficiently handled via dependable forced-air heating paired with central air conditioning.

Exterior Spaces and Lot Details

The building rests comfortably on a generous lot covering an expansive 8,712 square feet of land. Additional conveniences include an attached three-car garage, providing ample storage and parking space.

Properties showcasing this level of craftsmanship frequently draw inspiration from regional architecture styles. Buyers often seek out these specific design elements when evaluating suburban luxury homes.

Market Context in Elmhurst

Valuation and Square Footage Metrics

The final sale price reached $1.73 million, translating to approximately $397 per square foot of finished space. This figure highlights the strong value placed on custom properties built during the mid-2000s era.

Understanding these valuation metrics is crucial when reviewing informational guides on suburban real estate investments. Buyers can gauge fair market value more accurately by comparing price-per-square-foot ratios.

Comparable Neighborhood Sales

Several other nearby residential properties in Elmhurst have recently changed hands for comparable multimillion-dollar prices. This pattern indicates a resilient upper-tier market with steady buyer interest across the community.

Observing how these transactions unfold provides a fascinating look at modern home design evolution in established neighborhoods. Elmhurst remains a highly sought-after destination for luxury residential investments.

 
Here is the source article for this story: Elmhurst: Four-bedroom home sells for $1.73 million