NOT LISTED FOR SALE

114 S Lancaster St Mount Prospect, IL 60056

Estimated Value: $437,000 - $504,000

3 Beds
2 Baths
1,426 Sq Ft
$325/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $345,000 $242 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,034/month

8 Days on Market

Highlights

  • Landscaped Professionally
  • Deck
  • Ranch Style House
  • Lions Park Elementary School Rated 10
  • Property is near park
  • Wood Flooring

About This Home

As of February 2023

Reversed floor-plan ranch in the heart of We Go Park Subdivision of Mt Prospect. Main living areas also (including glass florida room & deck) overlook beautiful deep well landscaped lot. This 3 bedroom 2 bathroom (primary bath), is built on a crawl space along with concrete driveway that leads to 1.5 car attached garage. Perfect setting - easy home to downsize or start in. Big lot (over 1/4 acre) would allow sizeable expansion to existing home if desired. Lions Park Grade, Lincoln Middle, Prospect HS and close enough to stroll downtown Mt Prospect. Enjoy 1 block to hidden We Go Park playground and walkway to Westbrook Early Learning School too.

Last Agent to Sell the Property

Mark Kloss

@properties Christie?s International Real Estate License #475078915 Listed on: 01/09/2023

@properties Christie?s International Real Estate

Last Buyer's Agent

Matthew Messel

Compass License #475173623

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,894

Year Built

  • Built in 1956

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 58x185x25x103x130
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 1.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,426 Sq Ft Home
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Crawl Space
  • Full Attic
  • Storm Screens

Kitchen

  • Gas Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Schools

  • Lions Park Elementary School
  • Lincoln Junior High School
  • Prospect High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Deck
  • Property is near park

Community Details

  • We Go Park Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,894

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: We Go Park
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Gas Oven
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Some Carpeting
  • LivingArea: 1426
  • Other Equipment: TV-Cable
  • Room Type: Foyer, Sun Room
  • Estimated Total Finished Sq Ft: 1426
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm,L-shaped,Kitchen/Dining Combo
  • Total Sq Ft: 1426
  • Attic: Full
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Irregular Lot, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Driveway: Concrete,Side Drive
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lions Park Elementary School
  • High School: Prospect High School
  • Middle/Junior School: Lincoln Junior High School
  • Elementary School #2: Westbrook School for Young Learners

Lot Info

  • Lot Size Acres: 0.2942
  • Lot Dimensions: 58X185X25X103X130
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6894.06
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Peters Eric and Peters Harmony
Bought by
Peters Harmony
Current Estimated Value
$463,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$226,281
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$237,406

Purchase Details

Listed on
Jan 9, 2023
Closed on
Feb 17, 2023
Sold by
Harry A Horst A and Harry Sheila A
Bought by
Peters Eric and Peters Harmony
Seller's Agent
Mark Kloss
@properties Christie?s International Real Estate
Buyer's Agent
Matthew Messel
Compass
List Price
$359,500
Sold Price
$345,000
Premium/Discount to List
-$14,500
-4.03%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$327,750
Interest Rate
6.38%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 5, 2000
Sold by
Borst Barry A and Borst Sheila A
Bought by
Borst Barry A and Borst Sheila A
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peters Harmony -- None Listed On Document
Peters Eric $345,000 Proper Title
Peters Eric $345,000 Proper Title
Borst Barry A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peters Harmony $228,000
Previous Owner Peters Eric $327,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $345,000 -4.0% $242 / Sq Ft
01/19/2023 01/19/23 For Sale $359,500 0.0% $252 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $359,500 -- $252 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,607 $40,000 $15,379 $24,621
2024 $7,607 $33,278 $12,816 $20,462
2023 $7,725 $35,000 $12,816 $22,184
2022 $7,725 $35,000 $12,816 $22,184
2021 $6,894 $28,120 $8,330 $19,790
2020 $4,885 $28,120 $8,330 $19,790
2019 $6,876 $31,245 $8,330 $22,915
2018 $4,885 $22,150 $7,048 $15,102
2017 $4,931 $22,150 $7,048 $15,102
2016 $4,747 $22,150 $7,048 $15,102
2015 $5,421 $23,148 $5,767 $17,381
2014 $5,356 $23,148 $5,767 $17,381
2013 $5,321 $23,148 $5,767 $17,381
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11697434

Midwest Real Estate Data (MRED)

APN: 08-11-116-025-0000