NOT LISTED FOR SALE

314 S Phelps Ave Arlington Heights, IL 60004

Estimated Value: $885,000 - $937,651

4 Beds
4 Baths
2,981 Sq Ft
$305/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $850,000 $285 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,080/month

17 Days on Market

Highlights

  • Heated Floors
  • Landscaped Professionally
  • Property is near a park
  • Windsor Elementary School Rated A-
  • Deck
  • Recreation Room

About This Home

As of October 2023

Are you ready to Elevate your Lifestyle? This impeccably designed & expanded home was thoughtfully finished for today's living! Covered front porch welcomes your friends into this casually elegant space, boasting amazing views throughout! Voluminous ceilings, architectural details found in the curved archways, rich trim, moldings & millwork define this home as something special! Gracious foyer leads to your living room, ideal for conversation. 1st floor gallery/office is the ultimate "flex" room, built in bench seating with storage & double french doors from foyer make for endless ideas for what you can do with this room. Stunning hardwood floors and railings lead you to the second floor to expose this amazing open area! Newly finished gourmet kitchen is perfect with its timeless white cabinetry, quartz countertops, stainless appliance suite, huge center island, with storage on both sides, pendant lighting and bar seating! Custom tile backsplash sparkles day or night with the under cabinet lights! Expansive dining room is centered with decorator chandelier and pairs wonderfully to make for an incredible entertaining space! Sunny family room, built in dry bar and bench seating keeps the party flowing for hours! Sliding glass door opens to tiered deck allowing plenty of room to dine or relax and creating a private backyard oasis. Primary suite features a vaulted ceiling, generous walk in closet and private spa bathroom with glass enclosed shower stall, whirlpool tub and dual sink vanity. Bedrooms 2, 3 and 4 all include amazing closet space and share the full hall bathroom that provides privacy from dual sink vanity and the whirlpool/shower combo. Finished basement holds the built in wet bar complete with granite countertops and hightop seating under pendant lighting. Warm radiant floors keeps this cozy! Recreation room make for the perfect 2nd family room and has exterior access to backyard. Utility room for storage but not to be missed the BONUS ADDITIONAL storage in huge finished crawl space with lights and flooring. 2+ car garage has room for the toys and tools. Close to downtown Arlington Heights and is served by top rated schools including Windsor Elementary, South Middle and Prospect High School. Kitchen finished and hardwood floors refinished end of 2022, freshly painted throughout home, basement furnace has a new control circuit board in 2022, Leafguard gutter system for peace of mind, dual zoned HVAC.

Last Agent to Sell the Property

Caroline Starr

@properties Christie's International Real Estate License #475123478 Listed on: 07/12/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Peter Fisk

Compass License #475189894

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,357

Year Built

  • Built in 1957 | Remodeled in 2006

Lot Details

  • Lot Dimensions are 66 x 132
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Tudor Architecture
  • Asphalt Roof
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,981 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Breakfast Room
  • Family or Dining Combination
  • Recreation Room
  • Lower Floor Utility Room
  • Storage Room
  • Gallery
  • Pull Down Stairs to Attic

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Crawl Space

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Schools

  • Windsor Elementary School
  • South Middle School
  • Prospect High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Water Softener is Owned
  • Satellite Dish

Additional Features

  • Deck
  • Property is near a park

Community Details

  • Custom Expanded

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,357

Year Built

Built in 1957 | Remodeled in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tudor
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • New Construction Y/N: No
  • Rebuilt Year: 2006
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Water Softener Owned, Gas Cooktop
  • Basement: Partial
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Skylight(s), Bar-Wet, Hardwood Floors, Heated Floors, Second Floor Laundry, Built-in Features, Walk-In Closet(s), Some Carpeting
  • LivingArea: 2981
  • Other Equipment: Humidifier, Water-Softener Owned, TV-Dish, Security System, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Radon Mitigation System, Security Cameras
  • Room Type: Recreation Room, Gallery, Utility Room-Lower Level, Storage, Walk In Closet, Foyer, Breakfast Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Crawl,Exterior Access,Concrete (Basement),Rec/Family Area
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Pull Down Stair
  • Door Features: Lever Style Door Handles,Panel Door(s),Sliding Glass Door(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 839900
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick,Other

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Windsor Elementary School
  • High School: Prospect High School
  • Middle/Junior School: South Middle School
  • Middle/Junior School District: 25

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66 X 132
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 13356.81
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

MLS Schools

  • Othr Public Sch: Harper Community College

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Oct 19, 2023
Sold by
Rita M Sliwa Living Trust
Bought by
Doyle John and King Jessica
Seller's Agent
Caroline Starr
@properties Christie's International Real Estate
Buyer's Agent
Peter Fisk
Compass
List Price
$839,900
Sold Price
$850,000
Premium/Discount to List
$10,100
1.2%
Views
29
Current Estimated Value
$910,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,663
Avg. Annual Appreciation
4.53%
Original Mortgage
$300,000
Outstanding Balance
$294,718
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$628,255

Purchase Details

Closed on
Jan 23, 2020
Sold by
Sliwa Rita
Bought by
Sliwa Rita M

Purchase Details

Closed on
Jul 15, 2011
Sold by
Sliwa Ronald and Sliwa Rita
Bought by
Sliwa Rita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2006
Sold by
Tchakarov Jivko and Gerasimova Mila
Bought by
Sliwa Ronald and Sliwa Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 14, 2006
Sold by
Tchakarov Jivko
Bought by
Tchakarov Jivko and Gerasimova Mila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2005
Sold by
Borkowski Robert J and Borkowski Carolyn J
Bought by
Tchakarov Jivko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
7.9%
Mortgage Type
Fannie Mae Freddie Mac
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
Doyle John $850,000 Proper Title
Sliwa Rita M -- Attorney
Sliwa Rita M -- Rtc
Sliwa Ronald $735,000 Multiple
Tchakarov Jivko -- None Available
Tchakarov Jivko $348,000 1St American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doyle John $300,000
Previous Owner Sliwa Rita M $380,000
Previous Owner Sliwa Rita M $381,000
Previous Owner Sliwa Ronald $35,000
Previous Owner Sliwa Ronald $370,000
Previous Owner Sliwa Ronald $385,000
Previous Owner Tchakarov Jivko $615,000
Previous Owner Tchakarov Jivko $605,000
Previous Owner Tchakarov Jivko $278,400
Previous Owner Tchakarov Jivko $69,600
Previous Owner Borkowski Robert J $177,000
Previous Owner Borkowski Robert J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $850,000 0.0% $285 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
07/14/2023 07/14/23 Off Market $850,000 -- --
07/12/2023 07/12/23 For Sale $839,900 -- $282 / 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 $13,875 $54,000 $8,712 $45,288
2023 $13,336 $54,000 $8,712 $45,288
2022 $13,336 $54,000 $8,712 $45,288
2021 $13,357 $47,702 $5,009 $42,693
2020 $13,078 $47,702 $5,009 $42,693
2019 $13,062 $53,180 $5,009 $48,171
2018 $12,001 $44,561 $4,356 $40,205
2017 $11,878 $44,561 $4,356 $40,205
2016 $11,314 $44,561 $4,356 $40,205
2015 $11,505 $41,586 $3,702 $37,884
2014 $11,184 $41,586 $3,702 $37,884
2013 $10,886 $41,586 $3,702 $37,884
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11825524

Midwest Real Estate Data (MRED)

APN: 03-33-124-031-0000