NOT LISTED FOR SALE

500 Lakeview Ave Unit 1B Highwood, IL 60040

Highwood Neighborhood

Estimated Value: $270,350 - $292,000

2 Beds
2 Baths
1,013 Sq Ft
$300/mo HOA Fee

Last Sold March 24, 2023

Last sale price $230,000 $227 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,293/month

26 Days on Market

Highlights

  • Lock-and-Leave Community
  • Main Floor Bedroom
  • Stainless Steel Appliances
  • Wayne Thomas Elementary School Rated A
  • Elevator
  • 3-minute walk to Robert McClory Path

About This Home

As of March 2023

Fantastic 2 bed 2 bath condo in the heart of Highwood! This beautiful condo features brand new Frigidaire stainless steel appliances, freshly painted, Nest thermostat, soft close kitchen cabinets and drawers, Pergo wood flooring throughout and two spacious balconies! The side by side Whirlpool washer and dryer add to the comfort and convenience. The spacious primary bedroom features a generous closet, access to a large private balcony and a separate wash closet. The gorgeous quartz dual vanity with Moen faucets completes the chic and modern design. Enjoy the convenience of living near downtown, Metra, and delicious restaurants. Don't miss out on this opportunity to live in style!

Last Agent to Sell the Property

Christopher Mundy

@properties Christie's International Real Estate License #475127745 Listed on: 02/03/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Cory Albiani

@properties Christie's International Real Estate License #475124356

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1988

Lot Details

  • 958

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,013 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room
  • Storage
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Oak Terrace Elementary School
  • Northwood Junior High School
  • Highland Park High School

Utilities

  • Central Air
  • Heating Available
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 12 Units
  • Lakeview Condo Association
  • Low-Rise Condominium
  • Property managed by Lakeview Condo Association
  • Lock-and-Leave Community

Amenities

  • Common Area
  • Elevator
  • Community Storage Space

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,869

Year Built

Built in 1988

Lot Details

0

HOA Fees

$300 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Low Rise (1-3 Stories)
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Low Rise (1-3 Stories)
  • Year Built: 1988
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Laundry Hook-Up in Unit, Storage
  • LivingArea: 1013
  • Room Type: No additional rooms
  • Stories Total: 3
  • 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: Assessor

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 240000
  • Lot Features: Common Grounds
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 300
  • Association Amenities: Elevator(s), Storage, Security Door Lock(s)
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Lakeview Condo Association
  • Management Contact Name: Lakeview Condo Association
  • Management Phone: 999-999-9999
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Oak Terrace Elementary School
  • High School: Highland Park High School
  • Middle/Junior School: Northwood Junior High School
  • Middle/Junior School District: 112

Lot Info

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

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4869
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
May 8, 2023
Sold by
Lancioni Joseph
Bought by
Joseph Lancioni Revocable Living Trust
Seller's Agent
Christopher Mundy
@properties Christie's International Real Estate
Buyer's Agent
Cory Albiani
@properties Christie's International Real Estate
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
161
Current Estimated Value
$285,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,088
Avg. Annual Appreciation
8.65%

Purchase Details

Listed on
Feb 3, 2023
Closed on
Mar 20, 2023
Sold by
Hoyne Travis J
Bought by
Lancioni Joseph
Seller's Agent
Christopher Mundy
@properties Christie's International Real Estate
Buyer's Agent
Cory Albiani
@properties Christie's International Real Estate
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
161

Purchase Details

Closed on
Sep 30, 2014
Sold by
Alaimo Fred and Alaimo Andrea Lynn
Bought by
Hoyne Travis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,800
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Alaimo Fred
Bought by
Alaimo Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,900
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
Venturi Victor C and Estate Of Jean Venturi
Bought by
Alaimo Fred R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 1995
Sold by
Faught Jean Mary Venturi and Venturi Charlotte Rose
Bought by
Venturi Jean and Venturi Jean T
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Joseph Lancioni Revocable Living Trust -- None Listed On Document
Lancioni Joseph $230,000 Fidelity National Title
Hoyne Travis J $188,500 Fort Dearborn Title
Alaimo Fred $168,000 None Available
Alaimo Fred R $178,000 Chicago Title Insurance Co
Venturi Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoyne Travis J $150,800
Previous Owner Alaimo Fred $157,900
Previous Owner Alaimo Fred R $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $230,000 -4.2% $227 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/27/2023 02/27/23 Price Changed $240,000 -4.0% $237 / Sq Ft
02/03/2023 02/03/23 For Sale $250,000 -- $247 / 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 $5,268 $77,937 $3,508 $74,429
2023 $5,274 $70,251 $3,162 $67,089
2022 $5,274 $66,628 $3,601 $63,027
2021 $4,869 $64,406 $3,481 $60,925
2020 $4,756 $64,406 $3,481 $60,925
2019 $4,618 $64,105 $3,465 $60,640
2018 $4,393 $63,739 $3,794 $59,945
2017 $4,340 $63,371 $3,772 $59,599
2016 $4,152 $60,330 $3,591 $56,739
2015 $4,030 $56,053 $3,336 $52,717
2014 $3,927 $48,990 $3,378 $45,612
2012 $3,830 $49,276 $3,398 $45,878
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11712434

Midwest Real Estate Data (MRED)

APN: 16-15-210-020