NOT LISTED FOR SALE

5 W Central Rd Unit 307 Mount Prospect, IL 60056

Downtown Mount Prospect Neighborhood

Estimated Value: $346,487 - $385,000

2 Beds
2 Baths
1,432 Sq Ft
2.77 Acres Lot

Sale Details

Date Sold: May 15, 2025

Last sale price $345,000 $241 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,015 / mo

2 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Mount Prospect Station
  • 1 Car Attached Garage
  • Fairview Elementary School Rated 9+
  • Balcony
  • 3-minute walk to Moehling Park

About This Home

As of May 2025

Welcome to 5W Central Rd, Unit 307 in the heart of Mount Prospect! Whether you're looking for a beautiful place to call home or a prime investment opportunity this unit is a must-see! Great Downtown Mount Prospect unit. Spacious and scenic, The Laurel Model offers 1432 SF of 2 Bedroom and 2 Bathroom of extraordinary downtown living. Great condition offering an open floor plan, luxurious master suite with a large walk-in closet. Generously sized in-unit laundry room off of master. Heated indoor parking space and a storage unit 2-78. Highly sought after COURTYARD BALCONY VIEW. Enjoy the many restaurants, library, Metra Station and festivals only steps from this downtown condo.

Last Agent to Sell the Property

Mario Feijoo

Real Broker, LLC License #475210795 Listed on: 04/11/2025

Real Broker, LLC

Last Buyer's Agent

Jackie Lynch

RE/MAX Suburban License #475140635

RE/MAX Suburban

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,138

Year Built

  • Built in 2002

Lot Details

  • 2.77

HOA Fees

  • $540 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,432 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • No Tub in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include electricity
  • 65 Units
  • Manger Association, Phone Number (847) 806-6121
  • Property managed by Property Specialists Inc
  • 5-Story Property

Amenities

  • Common Area

Pet Policy

  • Pets up to 25 lbs
  • Pet Deposit Required
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,138

Year Built

Built in 2002

Lot Details

2.77 Acres

HOA Fees

$540 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 3
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2002
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • LivingArea: 1432
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Double Sink,No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Builder

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Lot Features: Common Grounds
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Radiant
  • Laundry Features: In Unit, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Deposit Required, Dogs OK
  • Association Fee: 540
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Property Specialists Inc
  • Management Contact Name: Manger
  • Management Phone: 847-806-6121
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Electricity

Schools

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

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 6137.58
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
May 12, 2025
Sold by
Nadas Zsolt J
Bought by
Mcerlean Annette K
Seller's Agent
Mario Feijoo
Real Broker, LLC
Buyer's Agent
Jackie Lynch
RE/MAX Suburban
List Price
$345,000
Sold Price
$345,000
Views
6
Current Estimated Value
$367,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,622
Avg. Annual Appreciation
7.07%
Original Mortgage
$276,000
Outstanding Balance
$273,787
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$93,835

Purchase Details

Closed on
Feb 22, 2005
Sold by
Schneider Eric D and Schneider Danielle Dato
Bought by
Nadas Zsolt J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,320
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 28, 2002
Sold by
Village Centre Llc
Bought by
Schneider Eric D and Schneider Danielle Dato
Source: Public Records
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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
Mcerlean Annette K $345,000 First American Title
Nadas Zsolt J $283,000 Multiple
Schneider Eric D $263,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcerlean Annette K $276,000
Previous Owner Nadas Zsolt J $226,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2025 05/15/25 Sold $345,000 0.0% $241 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $345,000 0.0% $241 / Sq Ft
02/08/2021 02/08/21 Rented $2,050 0.0% --
01/16/2021 01/16/21 For Rent $2,050 +7.9% --
09/15/2017 09/15/17 Rented $1,900 -- --
08/16/2017 08/16/17 Under Contract -- -- --
Source: Midwest Real Estate Data (MRED)

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 $6,138 $30,047 $644 $29,403
2024 $6,138 $25,350 $532 $24,818
2023 $5,873 $25,350 $532 $24,818
2022 $5,873 $25,350 $532 $24,818
2021 $4,319 $17,193 $336 $16,857
2020 $4,299 $17,193 $336 $16,857
2019 $4,311 $19,147 $336 $18,811
2018 $4,393 $17,796 $280 $17,516
2017 $4,424 $17,796 $280 $17,516
2016 $4,064 $17,796 $280 $17,516
2015 $3,120 $13,359 $252 $13,107
2014 $3,083 $13,359 $252 $13,107
2013 $3,233 $13,954 $252 $13,702
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mario Feijoo

    Real Broker, LLC

    (847) 383-6600

    1 in this area

    4 Total Sales

    Mario Feijoo
    Section Image
  • Jackie Lynch

    Buyer's Agent in 2025

    Jackie Lynch

    RE/MAX Suburban

    (847) 710-5898

    3 in this area

    148 Total Sales

    Jackie Lynch
    Section Image
  • William Gonzalez

    Seller's Agent in 2021

    William Gonzalez

    Berkshire Hathaway HomeServices Starck Real Estate

    (773) 450-6211

    6 in this area

    49 Total Sales

    William Gonzalez
    Section Image

  • M

    Buyer's Agent in 2021

    Michiko Miyake

    Suzuki Realty Inc

    (312) 590-5936

    17 Total Sales

    Michiko Miyake
    Section Image

  • S

    Seller's Agent in 2017

    Sean Wheeler

    Picket Fence Realty Mt. Prospect

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12315233

Midwest Real Estate Data (MRED)

APN: 08-12-102-063-1108

Illinois Cook County Mount Prospect 60056 Downtown Mount Prospect

5 W Central Rd Unit 307, 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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