NOT LISTED FOR SALE

5 N Lancaster St Mount Prospect, IL 60056

Downtown Mount Prospect Neighborhood

Estimated Value: $423,000 - $467,093

2 Beds
2 Baths
1,014 Sq Ft
$436/Sq Ft Est. Value

Sale Details

Date Sold: April 21, 2023

Last sale price $395,000 $390 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,902 / mo

1 Day on Market

Highlights

  • Deck
  • Recreation Room
  • Wood Flooring
  • Fairview Elementary School Rated 9+
  • Ranch Style House
  • Screened Porch

About This Home

As of April 2023

Totally updated! Kitchen featuring newer cabinets, stainless steel appliances, and granite counters! Hardwood flooring throughout main level! Finished basement with 2 additional bedrooms and additional full bathroom! LED lighting! Newer roof! Brand NEW cedar deck! Newer fence!

Last Agent to Sell the Property

Winfield Cohen

Keller Williams Success Realty License #475124153 Listed on: 03/21/2023

Keller Williams Success Realty

Last Buyer's Agent

Leigh Marcus

@properties Christie's International Real Estate License #475125223

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,094

Year Built

  • Built in 1954 | Remodeled in 2015

Lot Details

  • 8,525 Sq Ft Lot
  • Lot Dimensions are 57x155x56x156

Parking

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

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,014 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Screened Porch
  • Wood Flooring
  • Storm Screens

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio

Schools

  • Fairview Elementary School
  • Lincoln Junior High School
  • Prospect High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Updated Ranch

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,094

Year Built

Built in 1954 | Remodeled in 2015

Lot Details

8,525 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1954
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath
  • LivingArea: 1014
  • Room Type: Recreation Room, Screened Porch, Deck
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Patio, Porch Screened, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • 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
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Fairview Elementary School
  • High School: Prospect High School
  • Middle/Junior School: Lincoln Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1957
  • Lot Dimensions: 57X155X56X156
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7093.61
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Apr 20, 2023
Sold by
Bought by
Seller's Agent
Winfield Cohen
Keller Williams Success Realty
Buyer's Agent
Leigh Marcus
@properties Christie's International Real Estate
List Price
$375,000
Sold Price
$395,000
Premium/Discount to List
$20,000
5.33%
Views
86
Current Estimated Value
$442,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,523
Avg. Annual Appreciation
3.65%
Original Mortgage
$316,000
Outstanding Balance
$304,878
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$137,645

Purchase Details

Closed on
Jul 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,629
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,300
Interest Rate
7.36%

Purchase Details

Closed on
Jul 10, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$395,000 None Listed On Document
$179,000 Attorneys Title Guaranty Fun
-- None Available
-- None Available
$137,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $316,000
Previous Owner $173,629
Previous Owner $123,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2023 04/21/23 Sold $395,000 +5.3% $390 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $375,000 +92.3% $370 / Sq Ft
10/08/2013 10/08/13 Sold $195,000 -4.9% $192 / Sq Ft View Prior Sale
08/30/2013 08/30/13 Pending -- -- --
08/19/2013 08/19/13 Price Changed $205,000 -6.8% $202 / Sq Ft
08/09/2013 08/09/13 For Sale $219,900 -- $217 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,143 $33,000 $10,230 $22,770
2024 $6,143 $25,409 $8,525 $16,884
2023 $5,878 $25,409 $8,525 $16,884
2022 $5,878 $25,409 $8,525 $16,884
2021 $7,094 $26,140 $5,328 $20,812
2020 $7,015 $26,140 $5,328 $20,812
2019 $7,010 $29,045 $5,328 $23,717
2018 $6,671 $25,296 $4,688 $20,608
2017 $6,707 $25,296 $4,688 $20,608
2016 $6,036 $25,296 $4,688 $20,608
2015 $5,656 $22,134 $4,049 $18,085
2014 $5,575 $22,134 $4,049 $18,085
2013 $6,304 $22,134 $4,049 $18,085
Source: Public Records

Agents Affiliated with this Home

  • Winfield Cohen

    Seller's Agent in 2023

    Winfield Cohen

    Keller Williams Success Realty

    (847) 772-8453

    1 in this area

    280 Total Sales

    Winfield Cohen
    Section Image
  • Leigh Marcus

    Buyer's Agent in 2023

    Leigh Marcus

    @ Properties

    (773) 645-0686

    1 in this area

    980 Total Sales

    Leigh Marcus
    Section Image
  • Tom Zander

    Seller's Agent in 2013

    Tom Zander

    Berkshire Hathaway HomeServices Starck Real Estate

    (847) 528-0100

    36 in this area

    160 Total Sales

    Tom Zander
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11738869

Midwest Real Estate Data (MRED)

APN: 03-33-418-008-0000

Illinois Cook County Mount Prospect 60056 Downtown Mount Prospect

5 N Lancaster St, Mount Prospect, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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