NOT LISTED FOR SALE

1515 E Arbor Ln Arlington Heights, IL 60004

Estimated Value: $402,000 - $426,000

3 Beds
3 Baths
1,719 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $272,000 $158 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,090/month

16 Days on Market

Highlights

  • Bonus Room
  • Attached Garage
  • Forced Air Heating and Cooling System
  • Anne Sullivan Elementary School Rated A-

About This Home

As of June 2015

JUST RELEASED "Manager's special"! Phenomenal price for New Construction Townhome in Arlington Heights! This home offers 3 bedrooms, 2.5 baths, kitchen, with open living and dining room. Gleaming hardwood floors in Kitchen, living and dining room. Kitchen includes 42" maple cabinets, granite countertops, and stainless steel appliances. Lower level has a 2 car garage and flex space.

Last Agent to Sell the Property

Laurie Richards

Red Seal Realty License #475147334 Listed on: 04/18/2015

Last Buyer's Agent

Renchi Varghese

Achieve Real Estate Group Inc License #475137041

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,840

Year Built

  • 2014

Lot Details

  • 1,394

HOA Fees

  • $235 per month

Parking

  • Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Bonus Room

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,840

Year Built

2014

Lot Details

0

HOA Fees

$235 per month

Parking

2

Listing Details

  • Property Type: Attached Single
  • Unit Floor Level: 1
  • Age: NEW Ready for Occupancy
  • New Construction: Y
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 2.1
  • Estimated Year Built: 2014
  • Type Attached: T3-Townhouse 3+ Stories
  • Special Features: NewHome
  • Property Sub Type: Townhouses
  • Stories: 3
  • Year Built: 2014

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 13X23, On Level: Main Level, Flooring: Hardwood
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 10X10, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Bonus
  • Master Bedroom: Dimensions: 16X11, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Bonus, Dimensions: 14X9, On Level: Lower, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X10, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 10X10, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 1719

Exterior Features

  • Exterior Building Type: Vinyl Siding, Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Lawn Care, Snow Removal
  • Assessment Association Fees: 235
  • Management Contact Name: Shari
  • Management Phone: 847-272-5600

Fee Information

  • Management Company: Red Seal Development

Schools

  • School District: 214
  • Elementary School: DWIGHT D EISENHOWER ELEMENTARY S
  • Middle School: MACARTHUR MIDDLE SCHOOL
  • High School: JOHN HERSEY HIGH SCHOOL
  • Junior High Dist: 23
  • Elementary School #2: BETSY ROSS ELEMENTARY SCHOOL

Lot Info

  • Lot Dimensions: 21 X 38
  • Parcel Identification Number: 03211000000000

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 3

Tax Info

  • Taxes: NEW

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2015
Closed on
Jun 29, 2015
Sold by
Rsd Arbor Lane Llc
Bought by
Thomas Jinu K and Benedict Betey
Seller's Agent
Laurie Richards
Red Seal Realty
Buyer's Agent
Renchi Varghese
Achieve Real Estate Group Inc
List Price
$279,900
Sold Price
$272,000
Premium/Discount to List
-$7,900
-2.82%
Current Estimated Value
$415,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,452
Avg. Annual Appreciation
4.21%
Original Mortgage
$258,400
Outstanding Balance
$205,883
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$209,569
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
Thomas Jinu K $272,000 Ct
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Jinu K $258,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2015 06/29/15 Sold $272,000 -2.8% $158 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
04/18/2015 04/18/15 For Sale $279,900 -- $163 / 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 $7,840 $32,000 $6,000 $26,000
2023 $7,459 $32,000 $6,000 $26,000
2022 $7,459 $32,000 $6,000 $26,000
2021 $6,626 $25,130 $864 $24,266
2020 $6,517 $25,130 $864 $24,266
2019 $6,503 $28,016 $864 $27,152
2018 $7,609 $29,567 $760 $28,807
2017 $7,546 $29,567 $760 $28,807
2016 $9,230 $34,390 $760 $33,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08895605

Midwest Real Estate Data (MRED)

APN: 03-21-118-010-0000