NOT LISTED FOR SALE

1525 E Arbor Ln Arlington Heights, IL 60004

Estimated Value: $432,297 - $434,000

4 Beds
2.5 Baths
1,736 Sq Ft
$249/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $370,000 $213 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,447/month

2 Days on Market

Highlights

  • Open Floorplan
  • Vaulted Ceiling
  • Granite Countertops
  • Anne Sullivan Elementary School Rated A-
  • Wood Flooring
  • Balcony

About This Home

As of June 2022

Stunning and spacious luxury 4 bed, 2.1 bath townhome in Hersey High School district. NEW BUILD 2016! Large open floor plan with gorgeous hardwood and high ceilings - every entertainers dream. Oversized windows create bright, sun filled spaces on every level. Gourmet kitchen boasts 42" white shaker cabinets, granite countertops and stainless steel GE appliances. Primary suite is a true haven and boasts an impressive walk-in closet with lavish ensuite featuring double vanity and spa-like walk-in shower. Top floor laundry reflects well planned amenities that will help make your chore a breeze. 4th bedroom on ground level offers a wonderful flex room to be set up as a guest room, home office, exercise area or additional play/ hangout space. Lastly, do not forget the perfect balcony is waiting for you to enjoy your morning coffee or evening barbecue. Prime location: close to shopping, dining, Hwy 53, downtown Arlington Heights, library, ARC, and steps away from Lake Arlington. Welcome Home!

Last Agent to Sell the Property

Holly Connors

@properties Christie's International Real Estate License #475141644 Listed on: 05/11/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Sophia Medesan

Medesan Realty License #475106441

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,827

Year Built

  • Built in 2016

Lot Details

  • Lot Dimensions are 22x62

HOA Fees

  • $275 Monthly HOA Fees

Parking

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

Interior Spaces

  • 1,736 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Storage
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Anne Sullivan Elementary School
  • Macarthur Middle School
  • John Hersey High School

Utilities

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

Community Details

Overview

  • Association fees include insurance, lawn care, snow removal
  • 4 Units
  • Charles Hess Association, Phone Number (847) 757-7171
  • Property managed by Mperial Manaement

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,827

Year Built

Built in 2016

Lot Details

0

HOA Fees

$275 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: T3-Townhouse 3+ Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: T3-Townhouse 3+ Stories
  • Year Built: 2016
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, In-Law Arrangement, Second Floor Laundry, Storage, Walk-In Closet(s), Open Floorplan, Drapes/Blinds, Granite Counters
  • LivingArea: 1736
  • Room Type: Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 369000
  • OtherStructures: Storage
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 275
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mperial Manaement
  • Management Contact Name: Charles Hess
  • Management Phone: 847-757-7171X803
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Lawn Care, Snow Removal

Schools

  • Elementary School: Anne Sullivan Elementary School
  • High School: John Hersey High School
  • Middle/Junior School: Macarthur Middle School
  • Middle/Junior School District: 23

Lot Info

  • Lot Dimensions: 22X62
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 7827
  • Tax Year: 2020

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jun 10, 2022
Sold by
Leonardi Joanne B
Bought by
Karuka Mithilesh R
Seller's Agent
Holly Connors
@properties Christie's International Real Estate
Buyer's Agent
Sophia Medesan
Medesan Realty
List Price
$369,000
Sold Price
$370,000
Premium/Discount to List
$1,000
0.27%
Current Estimated Value
$448,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,341
Avg. Annual Appreciation
5.89%
Original Mortgage
$351,500
Outstanding Balance
$336,108
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$107,706

Purchase Details

Listed on
Sep 2, 2015
Closed on
Jun 9, 2016
Sold by
Rsd Arbor Lane Llc
Bought by
Leonardi Joanne G
Seller's Agent
Laurie Richards
Red Seal Realty
Buyer's Agent
Peter Lipsey
Berkshire Hathaway HomeServices Chicago
List Price
$336,155
Sold Price
$336,100
Premium/Discount to List
-$55
-0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.61%
Original Mortgage
$159,500
Interest Rate
13.99%
Mortgage Type
New Conventional
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
Karuka Mithilesh R $370,000 None Listed On Document
Leonardi Joanne G $336,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karuka Mithilesh R $351,500
Previous Owner Leonardi Joanne G $159,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $370,000 +0.3% $213 / Sq Ft
05/14/2022 05/14/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $369,000 +9.8% $213 / Sq Ft
06/09/2016 06/09/16 Sold $336,100 -1.1% $196 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
03/10/2016 03/10/16 Price Changed $339,900 +3.0% $198 / Sq Ft
09/26/2015 09/26/15 Price Changed $329,900 -1.9% $192 / Sq Ft
09/02/2015 09/02/15 For Sale $336,155 -- $196 / 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 $8,747 $32,000 $6,000 $26,000
2023 $8,352 $32,000 $6,000 $26,000
2022 $8,352 $32,000 $6,000 $26,000
2021 $8,041 $26,454 $865 $25,589
2020 $7,827 $26,454 $865 $25,589
2019 $7,800 $29,492 $865 $28,627
2018 $8,609 $29,568 $761 $28,807
2017 $8,519 $29,568 $761 $28,807
2016 $5,475 $20,400 $761 $19,639
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11396648

Midwest Real Estate Data (MRED)

APN: 03-21-118-014-0000