NOT LISTED FOR SALE

1423 N Walnut Ave Arlington Heights, IL 60004

Estimated Value: $719,768 - $832,000

4 Beds
2.5 Baths
2,700 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $731,517 $271 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,176/month

5 Days on Market

Highlights

  • Recreation Room
  • Formal Dining Room
  • 2 Car Attached Garage
  • Olive-Mary Stitt Elementary School Rated A-
  • Stainless Steel Appliances
  • 4-minute walk to Hasbrook Park

About This Home

As of April 2024

Welcome to this spacious 4-bedroom, 2 1/2 bathroom home located in a highly desirable area of Arlington Heights. With generous room sizes and an open flow, this property offers ample space for comfortable living. Step inside to discover a bright and airy interior, perfect for relaxation and entertainment. The open layout seamlessly connects the living, dining, and kitchen areas, creating a welcoming atmosphere for gatherings. The kitchen is equipped with modern appliances and plenty of counter space, making meal preparation a breeze. The bedrooms are generously sized, providing flexibility for a home office, guest room, or hobby space. The outdoor area features a spacious yard, offering endless possibilities for outdoor enjoyment and recreation. Many major updates recently including new roof, upstairs windows, gutters, fascia, HVAC, and 2 new bathrooms. Conveniently located in a desirable neighborhood, this home is within reach of local amenities, dining, and entertainment options. Don't miss the opportunity to make this charming property your own. Schedule a showing today and envision the possibilities.

Last Agent to Sell the Property

Sarah Dermody

Compass License #475170256 Listed on: 03/11/2024

Compass

Co-Listed By

Elizabeth Lothamer

Compass License #475130853

Last Buyer's Agent

Francesca Ciccone

@properties Christie's International Real Estate License #475141767

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,757

Year Built

  • Built in 1971

Lot Details

  • 7,928

Parking

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

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Family Room with Fireplace
  • Formal Dining Room
  • Recreation Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,757

Year Built

Built in 1971

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
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Cooktop, Built-In Oven
  • Basement: Full, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • LivingArea: 2700
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
  • Room Type: Walk In Closet, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 699000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • 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

  • Lot Dimensions: 7920
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 11757.31
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Apr 21, 2024
Sold by
Staffa Eric J and Staffa Rachel E
Bought by
Gundzik Mark J and Gundzik Heather L
Seller's Agent
Sarah Dermody
Compass
Buyer's Agent
Francesca Ciccone
@properties Christie's International Real Estate
List Price
$699,000
Sold Price
$731,517
Premium/Discount to List
$32,517
4.65%
Views
5
Current Estimated Value
$786,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,675
Avg. Annual Appreciation
5.03%
Original Mortgage
$658,365
Outstanding Balance
$648,528
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$137,664

Purchase Details

Closed on
Jun 27, 2006
Sold by
Sparks Margaret B
Bought by
Not Provided

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 29, 2003
Sold by
Sparks Margaret B
Bought by
Sparks Margaret B and Margaret B Sparks Living Trust

Purchase Details

Closed on
Mar 17, 2000
Sold by
Yelvington Preston K and Yelvington Joanne Z
Bought by
Sparks Margaret B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7.5%

Purchase Details

Closed on
Oct 21, 1994
Sold by
Coleman James F and Coleman Jane H
Bought by
Yelvington Preston K and Yelvington Joanne Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
8.62%
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
Gundzik Mark J $732,000 Fidelity National Title
Not Provided -- First American Title
Sparks Margaret B -- --
Sparks Margaret B $322,000 Professional National Title
Yelvington Preston K $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gundzik Mark J $658,365
Previous Owner Not Provided $399,000
Previous Owner Sparks Margaret B $332,000
Previous Owner Yelvington Preston K $224,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $731,517 +4.7% $271 / Sq Ft
03/13/2024 03/13/24 For Sale $699,000 -- $259 / 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 $12,236 $48,013 $7,920 $40,093
2023 $11,757 $48,013 $7,920 $40,093
2022 $11,757 $48,013 $7,920 $40,093
2021 $12,870 $46,084 $4,950 $41,134
2020 $12,604 $46,084 $4,950 $41,134
2019 $12,544 $51,205 $4,950 $46,255
2018 $12,425 $46,012 $4,356 $41,656
2017 $12,296 $46,012 $4,356 $41,656
2016 $11,704 $46,012 $4,356 $41,656
2015 $10,776 $39,118 $3,762 $35,356
2014 $10,477 $39,118 $3,762 $35,356
2013 $10,196 $39,118 $3,762 $35,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12002049

Midwest Real Estate Data (MRED)

APN: 03-19-402-005-0000