Seller's Agent in 2025
Chris Demos
@ Properties
(847) 692-5522
3 in this area
140 Total Sales
40 E Northwest Hwy Unit 316 Mount Prospect, IL 60056
Downtown Mount Prospect Neighborhood
1
Bed
2
Baths
1,306
Sq Ft
$624/mo
HOA Fee
Highlights
- Open Floorplan
- 1-minute walk to Mount Prospect Station
- Wood Flooring
- Fairview Elementary School Rated 9+
- Lock-and-Leave Community
- 2-minute walk to Edwin and Elsie Meyn Busse Park
About This Home
As of March 2025This top floor condo has been elevated in so many ways creating the epitome of luxury! Spanning over 1300 square feet, the finest of finishes were infused into a complete renovation that was completed in 2022. The large living room is enhanced by vaulted ceilings, tons of natural light from its southern exposure and a gas fireplace complimented with a 14 foot floor to ceiling porcelain tile surround! Adjacent to the living room is a large dining area that can accommodate a table for 8+ and there is direct access to a 14 foot balcony with sweeping views of downtown Mount Prospect! The kitchen features quartz counter tops, 42" upper cabinets, oversized full extension/soft-close drawers, a pantry cabinet, a beverage center, counter mounted instant hot water dispenser, stainless steel appliances and a 9 foot island. The bedroom suite is the ultimate in luxury featuring a spa like bathroom with a double bowl floating vanity, back-lit mirrors, floor to ceiling porcelain tile walls, oversized shower with a rain-head and frameless glass door, Toto toilet, Kohler plumbing fixtures and an oversized linen cabinet. There is a large walk-in closet with built-in shelving and porcelain floors throughout the bedroom. The hall bath is where luxury continues with a porcelain tile floor and porcelain tile walls covered from floor to ceiling, a soaking tub, floating vanity and a Toto toilet. There is a full size side-by-side washer and dryer in the hall closet adjacent to the second bathroom. Last but not least, adjacent to the foyer is a walk-in closet that doubles as in-unit storage! Your indoor heated garage (P35) and large storage closet (S35) are included. The monthly HOA includes: Cable, water, heat, gas, garbage, snow removal and common area insurance. Living downtown Mount Prospect you benefit from all that it has to offer: Restaurants, grocery stores, post office, the Metra, public library, Starbucks, F45 training and so much more!!! The monthly HOA breakdown is: Condo $456.69, Cable $98.08, Garage space $52.20 and the Storage Closet is $10.30
Last Agent to Sell the Property
@properties Christie?s International Real Estate License #475135317 Listed on: 11/08/2024
Last Buyer's Agent
Berkshire Hathaway HomeServices Starck Real Estate License #475130330
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,850
Year Built
- Built in 2004 | Remodeled in 2022
HOA Fees
- $624 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,306 Sq Ft Home
- 4-Story Property
- Open Floorplan
- Heatilator
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Storage Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Fairview Elementary School
- Lincoln Junior High School
- Prospect High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Additional Features
- Balcony
- Additional Parcels
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, tv/cable, exterior maintenance, scavenger, snow removal
- 34 Units
- Lofts At Village Center Rep Association, Phone Number (847) 459-0000
- Lofts At Village Centre Subdivision
- Property managed by First Service Residential
- Lock-and-Leave Community
Amenities
- Elevator
- Lobby
- Community Storage Space
Pet Policy
- Pets up to 60 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 8, 2024
Closed on
Mar 3, 2025
Sold by
Raimondi Michael and Raimondi Mary
Bought by
Nelson Isio Patrick and Nelson Deborah Teresa
Seller's Agent
Chris Demos
@properties Christie?s International Real Estate
Buyer's Agent
John & Pat LaDeur
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$429,000
Sold Price
$421,000
Premium/Discount to List
-$8,000
-1.86%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,858
Avg. Annual Appreciation
-4.97%
Original Mortgage
$408,370
Outstanding Balance
$405,331
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
-$2,189
Purchase Details
Listed on
Oct 8, 2021
Closed on
Nov 10, 2021
Sold by
Ayyad Jim
Bought by
Raimondi Michael and Raimondi Mary
Seller's Agent
Holly Connors
@properties Christie's International Real Estate
Buyer's Agent
Chris Demos
@properties Christie?s International Real Estate
List Price
$275,000
Sold Price
$262,500
Premium/Discount to List
-$12,500
-4.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.39%
Original Mortgage
$210,000
Interest Rate
3.25%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $421,000 | Saturn Title | |
| Warranty Deed | $262,500 | Proper Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $408,370 | New Conventional | |
| Previous Owner | $210,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/03/2025 03/03/25 | Sold | $421,000 | -2.1% | $322 / Sq Ft | |
| 01/06/2025 01/06/25 | Pending | -- | -- | -- | |
| 11/13/2024 11/13/24 | Price Changed | $429,900 | +0.2% | $329 / Sq Ft | |
| 11/08/2024 11/08/24 | For Sale | $429,000 | +63.4% | $328 / Sq Ft | |
| 11/16/2021 11/16/21 | Sold | $262,500 | -4.5% | $208 / Sq Ft | View Prior Sale |
| 10/18/2021 10/18/21 | Pending | -- | -- | -- | |
| 10/08/2021 10/08/21 | For Sale | $275,000 | -- | $218 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $5,914 | $29,150 | $542 | $28,608 |
| 2024 | $5,659 | $24,549 | $447 | $24,102 |
| 2023 | $5,659 | $24,549 | $447 | $24,102 |
| 2022 | $5,659 | $24,549 | $447 | $24,102 |
| 2021 | $4,723 | $18,488 | $282 | $18,206 |
| 2020 | $5,641 | $18,488 | $282 | $18,206 |
| 2019 | $5,650 | $20,603 | $282 | $20,321 |
| 2018 | $6,002 | $19,620 | $235 | $19,385 |
| 2017 | $4,983 | $19,620 | $235 | $19,385 |
| 2016 | $4,549 | $19,620 | $235 | $19,385 |
| 2015 | $3,854 | $15,884 | $181 | $15,703 |
| 2014 | $3,805 | $15,884 | $181 | $15,703 |
| 2013 | $3,784 | $15,884 | $181 | $15,703 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Demos
-
John & Pat LaDeur
Buyer's Agent in 2025
John & Pat LaDeur
Berkshire Hathaway HomeServices Starck Real Estate
(630) 669-2011
2 in this area
181 Total Sales
-
Holly Connors
Seller's Agent in 2021
Holly Connors
@ Properties
(773) 383-2490
12 in this area
797 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12206927
APN: 08-12-108-046-1033
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