1505 W Pheasant Trail Ln Unit 8 Arlington Heights, IL 60004
3
Beds
2
Baths
1,500
Sq Ft
$339/mo
HOA Fee
Highlights
- Wood Flooring
- Balcony
- Walk-In Closet
- Buffalo Grove High School Rated A+
- Skylights
- 5-minute walk to Creekside Park
About This Home
As of March 2025Welcome home! This very large 3 bed/2 bath condo in Arlington Heights has all the updates you are looking for. Renovated in 2024, you'll love the new kitchen with granite counter-tops, tons of cabinets, a built-in pantry, new stove, and a breakfast nook. The living room features tall, vaulted ceilings and hardwood floors throughout. The bedrooms are all a generous size with good closet space. The spare bathroom is updated and features a walk-in shower. The master suite features double doors leading the private bathroom, which features a new vanity, a soaking tub/shower combo, a large walk-in closet, and a skylight giving it exceptional natural lighting. The balcony is also a highlight given how large and private it is, plus it has access from both the living room and the breakfast nook. This home also features a laundry room with in-unit washer & dryer, a large storage unit off the balcony, and 1 car garage parking. Freshly painted throughout. This is a 2nd floor unit with no upstairs neighbors. Great location- very short drive from IL-53, shopping, and more.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,213
Year Built
- Built in 1987 | Remodeled in 2024
HOA Fees
- $339 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Interior Spaces
- 1,500 Sq Ft Home
- 2-Story Property
- Skylights
- Family Room
- Living Room
- Dining Room
- Storage Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Outdoor Features
- Balcony
Schools
- Edgar A Poe Elementary School
- Cooper Middle School
- Buffalo Grove High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, exterior maintenance, lawn care, snow removal
- 4 Units
- Manager Association, Phone Number (847) 459-0000
- Property managed by First Service Residential
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2025
Closed on
Mar 14, 2025
Sold by
Petrovic Predrag Z and Davinic Milica
Bought by
Dhabu Sneha
Seller's Agent
Steven Johnson
Coldwell Banker Realty
Buyer's Agent
Nirmit Parekh
Real People Realty
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Total Days on Market
4
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.76%
Original Mortgage
$256,000
Outstanding Balance
$255,769
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$78,284
Purchase Details
Closed on
Oct 30, 2001
Sold by
Petrovic Predrag Z
Bought by
Petrovic Predraq Z and Davinic Milica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
6.92%
Purchase Details
Closed on
Oct 5, 2001
Sold by
Hubert Malgorzata and Czort Karol
Bought by
Petrovic Pedrag Z
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
6.92%
Purchase Details
Closed on
Jun 12, 1997
Sold by
Wasserberg Pamela S
Bought by
Hubert Malgorzata and Czort Karol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,900
Interest Rate
8.01%
Mortgage Type
FHA
Map
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Arlington Heights, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $320,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $176,000 | Stewart Title | |
| Warranty Deed | $127,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $256,000 | New Conventional | |
| Previous Owner | $109,100 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $159,000 | Unknown | |
| Previous Owner | $168,300 | Unknown | |
| Previous Owner | $167,200 | No Value Available | |
| Previous Owner | $29,400 | Stand Alone Second | |
| Previous Owner | $122,900 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $320,000 | -5.9% | $213 / Sq Ft |
| 03/03/2025 03/03/25 | Pending | -- | -- | -- |
| 02/27/2025 02/27/25 | For Sale | $340,000 | -- | $227 / 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 |
|---|---|---|---|---|
| 2024 | $4,937 | $19,950 | $3,277 | $16,673 |
| 2023 | $4,937 | $19,950 | $3,277 | $16,673 |
| 2022 | $4,937 | $19,950 | $3,277 | $16,673 |
| 2021 | $4,578 | $16,563 | $455 | $16,108 |
| 2020 | $4,532 | $16,563 | $455 | $16,108 |
| 2019 | $4,557 | $18,384 | $455 | $17,929 |
| 2018 | $3,609 | $14,046 | $364 | $13,682 |
| 2017 | $3,562 | $14,046 | $364 | $13,682 |
| 2016 | $3,605 | $14,046 | $364 | $13,682 |
| 2015 | $3,030 | $11,551 | $1,547 | $10,004 |
| 2014 | $3,004 | $11,551 | $1,547 | $10,004 |
| 2013 | $2,774 | $11,551 | $1,547 | $10,004 |
Source: Public Records
Source: Midwest Real Estate Data (MRED)
MLS Number: 12299902
APN: 03-06-100-018-1272
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