A
Seller's Agent in 2023
Andy Walton
The McDonald Group
43 Total Sales
406 E Olive St Arlington Heights, IL 60004
Estimated Value: $751,000 - $846,000
4
Beds
3
Baths
2,436
Sq Ft
$331/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Colonial Architecture
- Wood Flooring
- Olive-Mary Stitt Elementary School Rated A-
- Property is near a park
- 1-minute walk to Greens Park
About This Home
As of December 2023Welcome to your dream home in the heart of Arlington Heights! This meticulously remodeled 5-bedroom, 3-full bath residence is a testament to exquisite craftsmanship and thoughtful design. The convenience of NEVER having to drive your children to school is just one of the many perks - with both (top rated) elementary and middle schools just STEPS away. As you approach the house, you are greeted by a beautifully built front entry portico featuring a bead board ceiling and recessed lighting, as well as a welcoming front porch. The exterior boasts Hardy Cement Board siding, and all exterior doors (Therma Tru) were replaced in 2020, ensuring both style and durability. Step inside, and you'll be captivated by the open floor plan, highlighted by the flexibility of a first-floor "flex" room. Whether you envision it as an office, guest room, or an extra dining area, this space adapts to your needs seamlessly. Hardwood floors throughout add warmth and sophistication to every corner. Craftsman style stair railings and large moldings/trim enrich the aesthetic appeal, while solid core craftsman doors with Baldwin hardware provide a touch of luxury. The Mendota electric start fireplace with remote and blower is a cozy focal point, perfect for creating a warm ambiance. The heart of this home lies in its gorgeous remodeled kitchen, featuring KraftAid cabinetry, a GE Monogram dual fuel oven & Hood, Bosch dishwasher, and granite countertops. This culinary haven is as functional as it is beautiful, catering to the needs of the modern family. The finished basement adds another dimension to this already impressive property, complete with a custom TV wall, dry bar, and an additional 5th bedroom - perfect for guests or as a private retreat. Practical updates include a new water heater in 2023, practically new furnace and air conditioner installed in 2022, and a roof less than 5 years old. The location is ideal, with close proximity to parks, schools, downtown Arlington Heights, Library, and the Arlington Ridge Center. Beyond the property, enjoy the prime location close to parks, schools, downtown Arlington Heights, library, and the Arlington Ridge Center. This home offers the perfect combination of modern comforts and classic charm in an ideal neighborhood. Don't miss the opportunity to make this exquisite residence your own!
Last Agent to Sell the Property
HomeSmart Connect License #475191288 Listed on: 11/10/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,393
Year Built
- Built in 1967 | Remodeled in 2018
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 78x132
- Paved or Partially Paved Lot
Parking
- 2 Car Attached Garage
- Parking Space is Owned
Home Design
- Colonial Architecture
Interior Spaces
- 2,436 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Bookcases
- Dry Bar
- Historic or Period Millwork
- Gas Log Fireplace
- Mud Room
- Family Room with Fireplace
- Home Office
- Wood Flooring
- Granite Countertops
- Laundry on main level
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Potential Bedrooms
- Bathroom on Main Level
- 3 Full Bathrooms
Finished Basement
- Partial Basement
- Recreation or Family Area in Basement
- Crawl Space
- Basement Storage
- Basement Window Egress
Location
- Property is near a park
Schools
- Olive-Mary Stitt Elementary School
- Thomas Middle School
- John Hersey High School
Utilities
- Forced Air Heating and Cooling System
- Lake Michigan Water
Community Details
- Tennis Courts
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2014
Sold by
The Orchard Evangelical Free Church
Bought by
Hartman Jeffrey C and Hartman Stacey M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Outstanding Balance
$213,354
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$561,515
Purchase Details
Closed on
Jun 29, 2006
Sold by
Eriksson Einar A and Eriksson Susan L
Bought by
Arlington Heights Evangelical Free Churc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hartman Jeffrey C | -- | First American Title | |
| Arlington Heights Evangelical Free Churc | -- | Cst |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hartman Jeffrey C | $153,600 | |
| Open | Hartman Jeffrey C | $284,000 | |
| Previous Owner | The Orchard Evangelical Free Church | $11,500,000 | |
| Previous Owner | Eriksson Einar A | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2023 12/18/23 | Sold | $725,000 | -3.3% | $298 / Sq Ft |
| 11/14/2023 11/14/23 | Pending | -- | -- | -- |
| 11/10/2023 11/10/23 | For Sale | $749,900 | -- | $308 / 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 |
|---|---|---|---|---|
| 2024 | $12,896 | $50,424 | $11,326 | $39,098 |
| 2023 | $12,393 | $50,424 | $11,326 | $39,098 |
| 2022 | $12,393 | $50,424 | $11,326 | $39,098 |
| 2021 | $10,155 | $37,064 | $6,435 | $30,629 |
| 2020 | $9,959 | $37,064 | $6,435 | $30,629 |
| 2019 | $9,948 | $41,320 | $6,435 | $34,885 |
| 2018 | $9,357 | $35,500 | $5,662 | $29,838 |
| 2017 | $9,264 | $35,500 | $5,662 | $29,838 |
| 2016 | $8,877 | $35,500 | $5,662 | $29,838 |
| 2015 | $9,694 | $32,831 | $4,890 | $27,941 |
| 2014 | $9,847 | $36,921 | $4,890 | $32,031 |
| 2013 | $9,582 | $36,921 | $4,890 | $32,031 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Walton
-
Noel Walton
Seller Co-Listing Agent in 2023
Noel Walton
The McDonald Group
(224) 531-9900
60 Total Sales
-
Franklin Ettinger
F
Buyer's Agent in 2023
Franklin Ettinger
HomeSmart Connect LLC
(224) 600-7196
5 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11913902
APN: 03-20-311-002-0000
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