NOT LISTED FOR SALE

501 E Prospect Ave Unit 1E Mount Prospect, IL 60056

Downtown Mount Prospect Neighborhood

Estimated Value: $142,000 - $183,000

1 Bed
-- Bath
30,500 Sq Ft
$5/Sq Ft Est. Value

About This Home

This home is located at 501 E Prospect Ave Unit 1E, Mount Prospect, IL 60056 and is currently estimated at $159,127, approximately $5 per square foot. 501 E Prospect Ave Unit 1E is a home located in Cook County with nearby schools including Lions Park Elementary School, Lincoln Middle School, and Prospect High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2017
Sold by
Busse Mark W and Busse Susan L
Bought by
Busse Mark W and Busse Susan L
Current Estimated Value
$159,127

Purchase Details

Closed on
Feb 22, 2005
Sold by
Busse Mark W
Bought by
Busse Mark W and Busse Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$40,449
Interest Rate
5.67%
Mortgage Type
New Conventional
Estimated Equity
$118,678

Purchase Details

Closed on
Dec 29, 2004
Sold by
Lang Kevin M
Bought by
Busse Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$40,449
Interest Rate
5.67%
Mortgage Type
New Conventional
Estimated Equity
$118,678

Purchase Details

Closed on
Jun 18, 1997
Sold by
Klatt John H
Bought by
Lang Kevin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
8.01%

Purchase Details

Closed on
Mar 1, 1995
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Klatt John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,050
Interest Rate
8.5%
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.

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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.

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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.

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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.

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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
Busse Mark W -- Attorney
Busse Mark W -- Cti
Busse Mark W $65,000 Law Title Insurance Co Inc
Lang Kevin M $55,000 --
Klatt John H $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busse Mark W $80,000
Previous Owner Lang Kevin M $44,000
Previous Owner Klatt John H $40,050
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 $2,445 $8,778 $1,364 $7,414
2023 $2,351 $8,778 $1,364 $7,414
2022 $2,351 $8,778 $1,364 $7,414
2021 $1,947 $6,247 $886 $5,361
2020 $1,906 $6,247 $886 $5,361
2019 $1,905 $6,948 $886 $6,062
2018 $1,707 $5,580 $750 $4,830
2017 $1,712 $5,580 $750 $4,830
2016 $1,482 $5,580 $750 $4,830
2015 $1,725 $5,935 $613 $5,322
2014 $1,696 $5,935 $613 $5,322
2013 $1,694 $5,935 $613 $5,322
Source: Public Records

Map

Illinois Cook County Mount Prospect 60056 Downtown Mount Prospect

501 E Prospect Ave Unit 1E, Mount Prospect, IL

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