NOT LISTED FOR SALE

2517 N Waterman Ave Arlington Heights, IL 60004

Estimated Value: $671,639 - $786,000

4 Beds
4 Baths
2,561 Sq Ft
$285/Sq Ft Est. Value

Last Sold May 15, 2013

Last sale price $450,000 $176 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,869/month

282 Days on Market

Highlights

  • Colonial Architecture
  • Community Lake
  • Recreation Room
  • Anne Sullivan Elementary School Rated A-
  • Property is near a park
  • 3-minute walk to Carousel Park

About This Home

As of May 2013

Dramatic Custom Built Home on 1/2 Acre, Well Landscaped Lot. 2 Story Foyer Leads to Spacious Neutrally Decorated Rooms with 9 Ft Ceilings, Gourmet Kitchen with New Granite Counters and Loads of Cabinets, Family Room Fireplace, Large Master Suite, Including Bath with Full Size Jacuzzi Spa & Separate Shower. All this Plus a ~750 Sq. Ft. Finished Basement, Too! Across the Street From Carousel Park & Short Walk to Lak

Last Agent to Sell the Property

Sandra Borland

HomeSmart Connect License #471002266 Listed on: 06/20/2012

HomeSmart Connect

Last Buyer's Agent

Jim Roth

Coldwell Banker Real Estate Group License #475134559

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,607

Year Built

  • Built in 1993

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 70x300

Parking

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

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,561 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Mud Room
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Sump Pump
  • Finished Basement Bathroom
  • Crawl Space

Outdoor Features

  • Brick Porch or Patio
  • Shed

Location

  • Property is near a park

Schools

  • Dwight D Eisenhower Elementary S
  • Macarthur Middle School
  • Wheeling High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Community Details

  • Custom
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,607

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1993
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings
  • LivingArea: 2561
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Mud Room, Recreation Room
  • Basement Description: Finished,Crawl
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room

Exterior Features

  • ExteriorFeatures: Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Asphalt
  • 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
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Lake
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: DWIGHT D EISENHOWER ELEMENTARY S
  • High School: WHEELING HIGH SCHOOL
  • Middle/Junior School: MACARTHUR MIDDLE SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.45
  • Lot Dimensions: 70X300
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10607.39
  • Tax Year: 2010
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2012
Closed on
May 10, 2013
Sold by
Wray Donald E and Wray Michelle M
Bought by
Lam Dan S and Zhao Lan Jian
Seller's Agent
Sandra Borland
HomeSmart Connect
Buyer's Agent
Jim Roth
Coldwell Banker Real Estate Group
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%
Current Estimated Value
$730,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,410
Avg. Annual Appreciation
3.96%
Original Mortgage
$360,000
Outstanding Balance
$259,517
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$470,893

Purchase Details

Closed on
Jul 18, 2008
Sold by
Wray Donald E and Wray Michelle M
Bought by
Wray Michelle M and Wray Donald E

Purchase Details

Closed on
May 29, 2003
Sold by
Shabez Arthur and Shabez Ruta M
Bought by
Wray Donald E and Wray Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.75%
Mortgage Type
Unknown
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
Lam Dan S $450,000 None Available
Wray Michelle M -- None Available
Wray Donald E $520,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Dan S $360,000
Previous Owner Wray Donald E $400,000
Closed Wray Donald E $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2013 05/15/13 Sold $450,000 -5.3% $176 / Sq Ft
03/29/2013 03/29/13 Pending -- -- --
03/07/2013 03/07/13 Price Changed $475,000 -5.0% $185 / Sq Ft
06/20/2012 06/20/12 For Sale $500,000 -- $195 / 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 $12,326 $47,000 $21,562 $25,438
2023 $11,742 $47,000 $21,562 $25,438
2022 $11,742 $47,000 $21,562 $25,438
2021 $11,406 $39,621 $12,251 $27,370
2020 $11,168 $39,621 $12,251 $27,370
2019 $11,125 $44,171 $12,251 $31,920
2018 $12,023 $43,511 $10,781 $32,730
2017 $13,193 $47,839 $10,781 $37,058
2016 $12,528 $47,839 $10,781 $37,058
2015 $11,500 $40,349 $9,310 $31,039
2014 $12,706 $42,347 $9,310 $33,037
2013 $11,623 $42,347 $9,310 $33,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08096044

Midwest Real Estate Data (MRED)

APN: 03-16-200-068-0000