NOT LISTED FOR SALE

477 Graceland Ave Unit 1C Des Plaines, IL 60016

Estimated Value: $168,000 - $190,000

1 Bed
1 Bath
750 Sq Ft
$261/mo HOA Fee

Last Sold April 21, 2023

Last sale price $158,000 $211 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,462/month

3 Days on Market

Highlights

  • Storage
  • Combination Dining and Living Room
  • Dogs and Cats Allowed
  • Maine West High School Rated A-
  • Heating System Uses Steam
  • 4-minute walk to Menominee Park

About This Home

As of April 2023

*Multiple offers received. Highest & best due by 6pm 3/13/23.* New, new, new!!! Just listed in-town location. Very stylish. Solid, secure building with parking & laundry & storage. Low taxes & association fees; include heat, water, snow, landscaping, & maintenance.

Last Agent to Sell the Property

William Farrell

RE/MAX Suburban License #475100802 Listed on: 03/10/2023

RE/MAX Suburban

Last Buyer's Agent

Ivan Kostiv

Chicagoland Brokers, Inc. License #475137983

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,847

Year Built

  • Built in 1973

Lot Details

  • 0.52

HOA Fees

  • $261 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Flexicore

Interior Spaces

  • 750 Sq Ft Home
  • 4-Story Property
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • North Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, security, exterior maintenance, lawn care, scavenger, snow removal
  • 30 Units
  • Jeff Duncan Association, Phone Number (847) 708-5095
  • Graceland Terrace Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,847

Year Built

Built in 1973

Lot Details

0

HOA Fees

$261 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Graceland Terrace
  • Year Built: 1973
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Elevator, Storage, Flexicore
  • LivingArea: 750
  • Room Type: No additional rooms
  • Stories Total: 4
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 149000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 261
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: Jeff Duncan
  • Management Phone: 847-708-5095
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: North Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School
  • Middle/Junior School District: 62

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2846.7
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2024
Sold by
Mostovych Andriy and Mostovych Veronika
Bought by
Mostovych Andriy and Mostovych Veronika
Current Estimated Value
$176,287

Purchase Details

Listed on
Mar 10, 2023
Closed on
Apr 5, 2023
Sold by
Nichols James J
Bought by
Mostovych Andriy
Seller's Agent
William Farrell
RE/MAX Suburban
Buyer's Agent
Ivan Kostiv
Chicagoland Brokers, Inc.
List Price
$149,000
Sold Price
$158,000
Premium/Discount to List
$9,000
6.04%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$118,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2007
Sold by
Aykroid Sandra J
Bought by
Nichols James J

Purchase Details

Closed on
Jul 14, 2006
Sold by
Withers Sandra J and Aykroid Sandra J
Bought by
Aykroid Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
10.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2005
Sold by
Nichols James J
Bought by
Withers Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.89%
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
Mostovych Andriy -- None Listed On Document
Mostovych Andriy $158,000 None Listed On Document
Nichols James J $105,000 None Available
Aykroid Sandra J -- Stewart Title Of Illinois
Withers Sandra J $129,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mostovych Andriy $118,000
Previous Owner Aykroid Sandra J $112,000
Previous Owner Withers Sandra J $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $158,000 +6.0% $211 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $149,000 -- $199 / 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 $3,144 $11,927 $600 $11,327
2023 $3,069 $11,927 $600 $11,327
2022 $3,069 $11,927 $600 $11,327
2021 $2,847 $9,261 $487 $8,774
2020 $2,799 $9,261 $487 $8,774
2019 $2,778 $10,321 $487 $9,834
2018 $1,780 $5,951 $431 $5,520
2017 $1,748 $5,951 $431 $5,520
2016 $1,654 $5,951 $431 $5,520
2015 $1,624 $5,373 $375 $4,998
2014 $830 $5,373 $375 $4,998
2013 $792 $5,373 $375 $4,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11735251

Midwest Real Estate Data (MRED)

APN: 09-17-402-173-1002