7921 Summer Ln
Downers Grove, IL 60516
5 bd 5 ba 2,348 sqft Built 1969 Lot 14,235 sqft single_family
Most recent sale
$386,000
Jul 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 11, 2022 | Sold | $386,000 | MLS #11418402 |
| May 28, 2022 | Listing removed | $410,000 | MRED |
| May 28, 2022 | Listed | $410,000 | MLS #11418402 |
| May 14, 2022 | Price changed | $410,000 | MLS #11329086 |
| Apr 14, 2022 | Price changed | $440,000 | MLS #11329086 |
| Mar 23, 2022 | Relisted | $450,000 | MLS #11329086 |
| Mar 21, 2022 | Listing removed | $450,000 | MRED |
| Feb 21, 2022 | Listed | $450,000 | MLS #11329086 |
| Jan 1, 1986 | Sold | $177,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $102,514 | $73,035 | $175,549 | $9,257 |
| 2020 | $92,150 | $65,660 | $157,810 | $8,460 |
| 2019 | $88,420 | $63,000 | $151,420 | $8,174 |
| 2018 | $89,080 | $62,600 | $151,680 | $8,343 |
| 2017 | $85,720 | $60,240 | $145,960 | $8,035 |
| 2016 | $81,810 | $57,490 | $139,300 | $7,645 |
| 2015 | $76,970 | $54,090 | $131,060 | $7,535 |
| 2014 | $79,620 | $52,590 | $132,210 | $7,699 |
| 2013 | $79,250 | $52,340 | $131,590 | $7,810 |
| 2012 | $82,820 | $54,700 | $137,520 | $7,591 |
| 2011 | $88,200 | $58,250 | $146,450 | $7,343 |
| 2010 | $89,420 | $57,790 | $147,210 | $6,937 |
| 2009 | $94,910 | $61,340 | $156,250 | $6,578 |
| 2008 | $94,910 | $61,340 | $156,250 | $6,450 |
| 2007 | $89,620 | $57,920 | $147,540 | $6,167 |
| 2006 | $80,530 | $48,670 | $129,200 | $5,743 |
Property facts
Year built
1969
Property type
single_family
Stories
2
Beds
5
Baths
5
Living area
2,348 sqft
Lot size
14,235 sqft
ZIP code
60516
City
Downers Grove
Street
Summer Ln
Coordinates
41.74292, -87.99002
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,226
Gross rental yield
13.14%
Implied cap rate
8.54%
Trend-extrapolated value
—
Frequently asked questions
When did 7921 Summer Ln last sell?
7921 Summer Ln most recently sold on Jul 11, 2022 for $386,000.
What is the current tax assessment for 7921 Summer Ln?
The most recent total assessment for 7921 Summer Ln (year 2024) is $175,549 with $9,257 in property tax.
How does 7921 Summer Ln's assessment compare to its last sale price?
The current assessment is 54.5% below the last sale price of $386,000.
When was 7921 Summer Ln built?
7921 Summer Ln was built in 1969.
How does 7921 Summer Ln compare to others on Summer Ln?
We do not currently track other properties on Summer Ln.
What are the property facts for 7921 Summer Ln?
7921 Summer Ln is a 5 bed, 5 bath, 2,348 sqft, 14,235 sqft lot single_family.
Is 7921 Summer Ln a flip candidate?
No — 7921 Summer Ln does not appear in our flips dataset.
Is 7921 Summer Ln a tax-appeal candidate?
No — 7921 Summer Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$489.6K
2026 Q4
$489.6K
ZIP 60516 — Median Price History + Forecast
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Geography