NOT LISTED FOR SALE

501 E Lake St Addison, IL 60101

Studio
-- Bath
-- Sq Ft
0.7 Acres

About This Home

This home is located at 501 E Lake St, Addison, IL 60101. 501 E Lake St is a home located in DuPage County with nearby schools including Fullerton Elementary School, Indian Trail Jr High School, and Addison Trail High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2022
Sold by
501 E Lake St Llc
Bought by
K & B Shabani Llc

Purchase Details

Closed on
Feb 12, 2020
Sold by
Chicago Title Land Trust Company
Bought by
501 E Lake St Llc

Purchase Details

Closed on
Aug 1, 2005
Sold by
Zakos George and Zakos Nicholas
Bought by
Western Springs National Bank & Trust and Trust #4083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2005
Sold by
Oxford Bank & Trust
Bought by
Western Springs National Bank & Trust and Trust #4083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1997
Sold by
West Suburban Bank
Bought by
Oxford Bank & Trust and Trust #553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
8.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
K & B Shabani Llc $500,000 Chicago Title
501 E Lake St Llc $1,200,000 Chicago Title Land Trust Co
Western Springs National Bank & Trust -- First American Title
Western Springs National Bank & Trust $1,600,000 First American Title
Oxford Bank & Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Western Springs National Bank & Trust $1,800,000
Previous Owner Western Springs National Bank & Trust $1,800,000
Previous Owner Oxford Bank & Trust $580,000
Source: Public Records

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 $33,862 $471,779 $182,359 $289,420
2023 $31,729 $433,700 $167,640 $266,060
2022 $29,761 $406,850 $157,260 $249,590
2021 $28,586 $389,700 $150,630 $239,070
2020 $27,893 $373,280 $144,280 $229,000
2019 $38,608 $499,270 $138,730 $360,540
2018 $38,059 $473,240 $131,500 $341,740
2017 $37,206 $452,300 $125,680 $326,620
2016 $36,398 $417,600 $116,040 $301,560
2015 $35,708 $385,780 $107,200 $278,580
2014 $35,359 $378,220 $105,100 $273,120
2013 $34,606 $385,930 $107,240 $278,690
Source: Public Records

Map

Illinois DuPage County Addison 60101

501 E Lake St, Addison, IL

Not Listed for Sale

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