NOT LISTED FOR SALE

116 S Lancaster St Mount Prospect, IL 60056

Estimated Value: $816,000 - $1,059,000

4 Beds
2.5 Baths
2,660 Sq Ft
$334/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $675,000 $254 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,059/month

5 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Vaulted Ceiling
  • Lions Park Elementary School Rated 10
  • Recreation Room
  • Wood Flooring

About This Home

As of August 2021

Your dream home is finally available in Mount Prospect! Stunning Colonial in sought after We Go Park with a large addition AND a 2-car attached garage. This home sits on an oversized lot, .35 of an acre. Great features include updated kitchen, updated baths, 2 fireplaces, gleaming hardwood floors on both levels, huge 1st floor family room with wet bar, formal dining room, basement w/rec room, screen porch, paver brick patio and a huge private yard. Great location, hidden We Go Park is only steps away and the Metra Train station is only 1 mile away. This home is in exceptional condition and shows very well!

Last Agent to Sell the Property

Tom & Mary Zander

Berkshire Hathaway HomeServices Starck Real Estate License #471004159 Listed on: 06/24/2021

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Mark Kloss

@properties Christie?s International Real Estate License #475078915

@properties Christie?s International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,473

Year Built

  • Built in 1963

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 58x163x150x186

Parking

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

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Screened Porch
  • Storage Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Partial Basement
  • Crawl Space
  • Basement Storage

Home Security

  • Home Security System
  • Storm Screens

Outdoor Features

  • Shed

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • We Go Park Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,473

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: We Go Park
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Built-In Oven
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, Hardwood Floors, Walk-In Closet(s), Bookcases, Separate Dining Room
  • LivingArea: 2660
  • Other Equipment: Humidifier, Security System, Ceiling Fan(s)
  • Room Type: Eating Area, Recreation Room, Foyer, Storage, Screened Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Crawl,Storage Space
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Porch Screened, Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • 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, Zoned
  • Heating: Natural Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls, Zoned
  • Laundry Features: Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • 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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.355
  • Lot Dimensions: 58X163X150X186
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 12473.29
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2023
Sold by
Phan Anthony and Phan Aimeelee V
Bought by
Anthony Phan Trust and Aimeelee V Phan Trust
Current Estimated Value
$887,967

Purchase Details

Listed on
Jun 24, 2021
Closed on
Aug 12, 2021
Sold by
Dicaro Sandra A and Dicaro Daniel P
Bought by
Phan Anthony and Phan Aimeelee V
Seller's Agent
Tom & Mary Zander
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Mark Kloss
@properties Christie?s International Real Estate
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$607,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2008
Sold by
Dicaro Daniel P
Bought by
Dicaro Sandra A and Sandra A Dicaro Revocable Trust

Purchase Details

Closed on
Aug 14, 2002
Sold by
Dicaro Daniel P
Bought by
Dicaro Daniel P and Dicaro Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.56%

Purchase Details

Closed on
Oct 22, 1998
Sold by
Dicaro Daniel P and Dicaro Sandra A
Bought by
Dicaro Daniel P and Dicaro Sandra A

Purchase Details

Closed on
Apr 30, 1997
Sold by
Hanson Christopher A and Hanson Lisa N
Bought by
Dicaro Daniel P and Dicaro Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Anthony Phan Trust -- None Listed On Document
Phan Anthony $675,000 Precision Title
Dicaro Sandra A -- None Available
Dicaro Daniel P -- --
Dicaro Daniel P -- --
Dicaro Daniel P $387,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phan Anthony $607,500
Previous Owner Dicaro Daniel P $190,000
Previous Owner Dicaro Daniel P $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $675,000 -3.6% $254 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $699,900 -- $263 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $17,270 $69,000 $18,551 $50,449
2024 $17,270 $62,000 $15,459 $46,541
2023 $16,606 $62,000 $15,459 $46,541
2022 $16,606 $62,000 $15,459 $46,541
2021 $12,678 $44,019 $8,502 $35,517
2020 $12,485 $44,019 $8,502 $35,517
2019 $12,473 $48,911 $8,502 $40,409
2018 $12,129 $43,082 $8,502 $34,580
2017 $12,928 $45,518 $8,502 $37,016
2016 $11,429 $45,518 $8,502 $37,016
2015 $11,126 $40,904 $6,956 $33,948
2014 $10,954 $40,904 $6,956 $33,948
2013 $10,927 $40,904 $6,956 $33,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11131869

Midwest Real Estate Data (MRED)

APN: 08-11-116-026-0000