NOT LISTED FOR SALE

1416 N Walnut Ave Arlington Heights, IL 60004

Estimated Value: $919,000 - $1,010,000

5 Beds
5 Baths
3,534 Sq Ft
$274/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $775,000 $219 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,414/month

2 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Lower Floor Utility Room
  • Olive-Mary Stitt Elementary School Rated A-
  • Home Office
  • 4-minute walk to Hasbrook Park

About This Home

As of May 2022

This fabulous five bedroom home is an absolute showstopper! Located in an award winning school district in Arlington Heights and on a wonderful, tree-lined street it is a must see! This home offers a bright and open layout with room for the whole family. Gleaming hardwood floors are throughout the main and upper levels. Enter into every chef's dream kitchen with high-end appliances, double oven an abundance of counter space and a peninsula with bar seating! The main level also features a wonderful dining area that flows into the family room with a striking fireplace. The living room has a huge window and is adjacent to the office. Upstairs you will find an extremely spacious primary suite with his and hers closet and wonderful ensuite with walk in shower! The second level also has a junior suite with private bathroom, 3 additional bedrooms and a den! The finished basement has a fantastic rec room for the family to gather, a bonus room and a half bath! Step outside to a great backyard with a paver patio perfect for entertaining as it is accessible from the kitchen and family room! All this within close proximity to restaurants, shopping and much more. Highest & best offers due by 9:00pm on Sunday, April 10, 2022.

Last Agent to Sell the Property

Karen Gatta

Baird & Warner License #471007723 Listed on: 04/08/2022

Baird & Warner

Last Buyer's Agent

Steve Zaleski

Compass License #475159790

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,926

Year Built

  • Built in 1970

Lot Details

  • 8,725 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,534 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Loft
  • Bonus Room
  • Lower Floor Utility Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Partial Basement
  • Sump Pump
  • Finished Basement Bathroom

Outdoor Features

  • Brick Porch or Patio
  • Shed

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • Northwest Highlands Subdivision, 2 Story Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,926

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Northwest Highlands
  • Year Built: 1970
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Below Grade Finished Sq Ft: 1097
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry
  • LivingArea: 3534
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Den, Bonus Room, Recreation Room, Utility Room-Lower Level, Office, Bedroom 5, Loft
  • Estimated Total Finished Sq Ft: 4631
  • Assessed Sq Ft: 3371
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3534
  • Basement Sq Ft: 1097
  • Fireplace Location: Family Room
  • Square Footage Comments: approximate square footage
  • Total Sq Ft: 4631
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 1837
  • Main Level Sq Ft: 1697
  • Bathroom: Full

Exterior Features

  • ExteriorFeatures: Patio, Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 699999
  • Lot Features: Fenced Yard
  • 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
  • Type: Eating Area-Table Space

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • 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: No
  • 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
  • Middle/Junior School District: 25

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2003
  • Lot Dimensions: 66X132
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 15926.39
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
Vavrik Robert and Vavrik Emily
Bought by
Vavrik Living Trust and Vavrik
Current Estimated Value
$968,801

Purchase Details

Listed on
Oct 27, 2018
Closed on
Mar 15, 2019
Sold by
Tsiolis Gus and Tsiolis Dina
Bought by
Heinemann Brian
Seller's Agent
Dina Alikakos
RE/MAX At Home
Buyer's Agent
Karen Gatta
Baird & Warner
List Price
$585,000
Sold Price
$540,000
Premium/Discount to List
-$45,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%

Purchase Details

Closed on
Apr 9, 2001
Sold by
Tsiolis Gus and Tsiolis Dina
Bought by
Tsiolis Gus and Tsiolis Dina
Source: Public Records

Range of Values:

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Average Value
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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
Vavrik Living Trust -- None Listed On Document
Heinemann Brian $540,000 Chicago Title
Tsiolis Gus -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2022 05/27/22 Sold $775,000 +10.7% $219 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $699,999 +29.6% $198 / Sq Ft
03/15/2019 03/15/19 Sold $540,000 -7.7% $153 / Sq Ft View Prior Sale
02/11/2019 02/11/19 Pending -- -- --
10/27/2018 10/27/18 For Sale $585,000 -- $166 / 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 $15,518 $60,000 $8,727 $51,273
2023 $15,820 $60,000 $8,727 $51,273
2022 $15,820 $60,000 $8,727 $51,273
2021 $16,349 $54,313 $5,454 $48,859
2020 $15,926 $54,313 $5,454 $48,859
2019 $14,944 $60,348 $5,454 $54,894
2018 $14,987 $54,794 $4,799 $49,995
2017 $14,829 $54,794 $4,799 $49,995
2016 $14,066 $54,794 $4,799 $49,995
2015 $11,348 $41,057 $4,145 $36,912
2014 $12,798 $47,216 $4,145 $43,071
2013 $12,459 $47,216 $4,145 $43,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11369810

Midwest Real Estate Data (MRED)

APN: 03-19-401-034-0000