NOT LISTED FOR SALE

1225 N Forrest Ave Arlington Heights, IL 60004

Estimated Value: $289,000 - $439,000

0.55 Acre
$645,753 Price per Acre
23,958 Sq Ft Lot

Last Sold July 29, 2021

Last sale price $165,000 $137 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $2,588/month

50 Days on Market

About This Lot

As of July 2021

GREAT OPORTUNITY TO BUILD A SINGLE FAMILY HOUSE*** HUGE LOT (241X100) ON PRESTIGIOUS FORREST AVE IN ARLINGTON HEIGHTS***DRIVE BY AND SEE THE BEAUTIFUL HOUSES BUILD WTHIN LAST FEW YEARS*** SMALL EXISTING HOUSE ON THE LOT ***HOUSE CONVEYED "AS IS"***.*** VALUE IN LAND!*** BRING ALL REASONABLE OFFERS!

Last Agent to Sell the Property

Joanna Koda

Baird & Warner License #475137163 Listed on: 05/11/2021

Baird & Warner

Last Buyer's Agent

Joanna Koda

Baird & Warner License #475137163 Listed on: 05/11/2021

Baird & Warner

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,721

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 241x100
  • Property is zoned SINGL

Basement

  • Crawl Space

Schools

  • Betsy Ross Elementary School
  • Macarthur Middle School
  • John Hersey High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$8,721

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Interstate Access
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: Crawl
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site

Schools

  • Elementary School: Betsy Ross Elementary School
  • High School: John Hersey High School
  • Middle/Junior School: Macarthur Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.55
  • Lot Dimensions: 241X100
  • Zoning: SINGL
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 8721.26
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Killion Mead C
Bought by
Brennan Patrick
Current Estimated Value
$355,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Outstanding Balance
$145,687
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$209,477

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 23, 2021
Sold by
Rossol Jill Marie
Bought by
Killion Mead C
Seller's Agent
Joanna Koda
Baird & Warner
Buyer's Agent
Joanna Koda
Baird & Warner
List Price
$205,000
Sold Price
$165,000
Premium/Discount to List
-$40,000
-19.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.77%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Brennan Patrick $277,500 None Listed On Document
Killion Mead C $165,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brennan Patrick $277,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $165,000 -19.5% $137 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $205,000 -- $170 / 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 $8,752 $22,096 $14,520 $7,576
2023 $8,357 $32,020 $14,520 $17,500
2022 $8,357 $32,020 $14,520 $17,500
2021 $8,991 $29,578 $13,915 $15,663
2020 $8,751 $29,578 $13,915 $15,663
2019 $8,721 $32,975 $13,915 $19,060
2018 $7,376 $25,330 $12,100 $13,230
2017 $7,298 $25,330 $12,100 $13,230
2016 $6,799 $25,330 $12,100 $13,230
2015 $6,892 $23,191 $10,285 $12,906
2014 $6,820 $23,191 $10,285 $12,906
2013 $6,666 $23,191 $10,285 $12,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11084365

Midwest Real Estate Data (MRED)

APN: 03-21-307-007-0000