NOT LISTED FOR SALE

408 Park Ave Grayslake, IL 60030

Estimated Value: $342,000 - $510,000

3 Beds
2 Baths
1,638 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $250,000 $153 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,915/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Detached Garage
  • Grayslake Central High School Rated A
  • Farmhouse Style Home
  • Breakfast Bar

About This Home

As of August 2016

One of a kind Victorian farmhouse located in the historic Heritage area of Grayslake - walking distance to a vibrant down town, parks, schools & train. Zoned R4 (multifamily)-could turn 2nd story space over 3 car garage into "rental income." Plus there is a large "bonus space" attached to the garage that would be perfect for a small business owner, a musician, an artist or someone looking for an amazing man-cave. This additional, versatile space is so hard to find in most homes. The main house is in mint condition & includes a charming cupola, a wrap-around front sitting porch, a huge family room w/ cozy fireplace, newer, custom 4 inch white oak floors and a renovated, full bath on the 1st floor, new carpet on the 2nd floor, and the exterior of the home & garage is freshly painted. The outside space & yard is as special as the main house & garage. The huge deck overlooks a spacious yard (127 x 218) with mature trees and a fun fire-pit. Come visit us today. This is truly a special home!

Last Agent to Sell the Property

Ghita Mueller

Compass License #475113280 Listed on: 06/21/2016

Compass

Last Buyer's Agent

Cheryl Duhig

Baird & Warner License #475127421

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,580

Year Built

  • 1917

Lot Details

  • 0.32

Parking

  • Detached Garage
  • Garage Door Opener
  • Driveway
  • Garage Is Owned

Home Design

  • Farmhouse Style Home
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Bathroom on Main Level
  • Wood Burning Fireplace
  • Heatilator
  • Gas Log Fireplace
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Two Heating Systems
  • Baseboard Heating
  • Hot Water Heating System
  • Lake Michigan Water

Additional Features

  • Deck
  • Southern Exposure

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,580

Year Built

1917

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Farmhouse
  • Type Detached: 2 Stories
  • Estimated Year Built: 1917
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1917

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Full Bath
  • Number Of Rooms: 7
  • Living Room: Dimensions: 24X20, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Appliances: Oven/Range, Dishwasher, Refrigerator, Washer, Dryer
  • Equipment: CO Detectors, Ceiling Fan, Fan-Whole House
  • Fireplace Details: Wood Burning, Gas Logs, Gas Starter, Heatilator Type System
  • Attic: Full, Pull Down Stair
  • Fireplace Location: Family Room
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 12X11, On Level: Main Level, Flooring: Vinyl, Windows: All
  • Kitchen Type: Eating Area-Table Space
  • Master Bedroom: Dimensions: 14X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Other, Dimensions: 26X19, On Level: Main Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X11, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 11X11, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 1638
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 24X16, On Level: Main Level, Flooring: Hardwood, Windows: All

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck
  • Exposure: S (South)

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Asphalt
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: 3+ (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam, Baseboard, 2+ Sep Heating Systems

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 127 X 218
  • Parcel Identification Number: 06263160110000

Tax Info

  • Taxes: 10,089

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 13, 2016
Sold by
Blong Michael R and Blong Emily V
Bought by
Frank Alexander A and Frank Brittany J
Seller's Agent
Ghita Mueller
Compass
Buyer's Agent
Cheryl Duhig
Baird & Warner
List Price
$234,900
Sold Price
$250,000
Premium/Discount to List
$15,100
6.43%
Current Estimated Value
$402,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,383
Avg. Annual Appreciation
5.30%
Original Mortgage
$225,000
Outstanding Balance
$179,175
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$223,208

Purchase Details

Closed on
Aug 6, 2009
Sold by
Dietz Donald J and Dietz Mary E
Bought by
Blong Michael R and Blong Emily V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,927
Interest Rate
5.32%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2001
Sold by
Perschke Oliver
Bought by
Streeter John and Streeter Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.18%
Mortgage Type
Balloon
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
Frank Alexander A $250,000 Chicago Title Insurance Co
Blong Michael R $175,000 First American Title Ins Co
Streeter John $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frank Alexander A $225,000
Previous Owner Blong Michael R $162,927
Previous Owner Streeter John $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2016 08/15/16 Sold $250,000 +6.4% $153 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $234,900 -- $143 / 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 $9,580 $102,347 $28,826 $73,521
2023 $9,165 $89,458 $25,196 $64,262
2022 $9,165 $82,424 $20,363 $62,061
2021 $9,055 $79,223 $19,572 $59,651
2020 $10,083 $83,325 $18,623 $64,702
2019 $11,481 $93,229 $17,867 $75,362
2018 $10,837 $88,899 $23,102 $65,797
2017 $10,780 $83,623 $21,731 $61,892
2016 $10,348 $77,193 $20,060 $57,133
2015 $10,086 $70,521 $18,326 $52,195
2014 $7,632 $54,551 $16,178 $38,373
2012 $7,526 $56,972 $16,896 $40,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09267501

Midwest Real Estate Data (MRED)

APN: 06-26-316-011