NOT LISTED FOR SALE

116 E Olive St Arlington Heights, IL 60004

Estimated Value: $553,367 - $579,000

4 Beds
2 Baths
1,601 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $399,900 $250 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,921/month

30 Days on Market

Highlights

  • Mature Trees
  • Deck
  • Ranch Style House
  • Olive-Mary Stitt Elementary School Rated A-
  • Recreation Room
  • Wood Flooring

About This Home

As of July 2021

Space, location, and single-level living! This RANCH home is situated in a sought-after neighborhood of Arlington Heights, mere steps from Olive Elementary and Thomas Middle School. Step inside to beautiful hardwood flooring throughout the entire first level, highlighted by a big bay window in the living room, bringing in bright natural light from morning to night. Living room and dining room is a wide-open space, encouraging entertaining and making it multifunctional. Kitchen opens to the family room, connected by a beautiful brick fireplace offering a rare opportunity to get cozy with a view of the outdoors through double doors that lead to a deck. Four spacious bedrooms including primary with en suite bath, and additional full hall bathroom with a double-sink and granite countertop. Light, bright, and plenty of closet space throughout! Partially finished basement with large recreation room, workroom, utility room, and large crawl space for storage, creating a flexible lower level packed with potential. Coveted 2-car attached garage with additional storage. Big backyard, a lounge-worthy space with wood deck filled with lush grass lined with mature trees, an enviable space for backyard BBQ's and any outdoor recreation you favor! Convenience at your fingertips - walk to the library, Metra, downtown, child care facilities - Goddard and Kinder Care on the block, Greens Park, sledding hill, ice skating rink, AH Park District programs, churches, and fantastic schools. Easy access to Route 53 and tollways. Infinite potential, ideal location, this home has it all! Welcome home!

Last Agent to Sell the Property

Holly Connors

@properties Christie's International Real Estate License #475141644 Listed on: 05/07/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Ayca Yalcin

Keller Williams Success Realty License #475180190

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,910

Year Built

  • Built in 1972

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 149x82
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,601 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Bay Window
  • Window Screens
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Workshop
  • Lower Floor Utility Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Built-In Oven
  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Outdoor Features

  • Deck
  • Porch

Schools

  • Olive-Mary Stitt Elementary School
  • Thomas Middle School
  • John Hersey High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,910

Year Built

Built in 1972

Lot Details

0

Parking

2

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
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Built-In Oven, Gas Oven
  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features
  • LivingArea: 1601
  • Other Equipment: Humidifier, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Room Type: Recreation Room, Workshop, Foyer, Utility Room-Lower Level, Pantry
  • Estimated Total Finished Sq Ft: 2101
  • Basement Description: Finished,Crawl
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room
  • Total Sq Ft: 2601
  • Attic: Full,Pull Down Stair,Unfinished
  • Window Features: Bay Window(s),Screens

Exterior Features

  • ExteriorFeatures: Deck, Porch, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Mature Trees
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(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, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Olive-Mary Stitt School
  • High School: John Hersey High School
  • Middle/Junior School: Thomas Middle School

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 149X82
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 7909.92
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 30, 2021
Sold by
Komarek Dale W and Komarek Gail S
Bought by
Huerta Daniel and Liberos Monique C
Seller's Agent
Holly Connors
@properties Christie's International Real Estate
Buyer's Agent
Ayca Yalcin
Keller Williams Success Realty
List Price
$425,000
Sold Price
$399,900
Premium/Discount to List
-$25,100
-5.91%
Current Estimated Value
$563,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,442
Avg. Annual Appreciation
8.30%
Original Mortgage
$379,905
Outstanding Balance
$346,517
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$216,825
Source: Public Records

Range of Values:

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Sold Price
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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
Huerta Daniel $400,000 Proper Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huerta Daniel $379,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2021 07/13/21 Sold $399,900 -5.9% $250 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $425,000 -- $265 / 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
2024 $11,498 $42,000 $12,218 $29,782
2023 $11,074 $42,000 $12,218 $29,782
2022 $11,074 $42,000 $12,218 $29,782
2021 $8,088 $30,200 $7,636 $22,564
2020 $7,946 $30,200 $7,636 $22,564
2019 $7,910 $33,556 $7,636 $25,920
2018 $9,447 $35,807 $6,719 $29,088
2017 $9,353 $35,807 $6,719 $29,088
2016 $8,959 $35,807 $6,719 $29,088
2015 $8,116 $30,110 $5,803 $24,307
2014 $7,895 $30,110 $5,803 $24,307
2013 $7,679 $30,110 $5,803 $24,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11076809

Midwest Real Estate Data (MRED)

APN: 03-20-302-038-0000