NOT LISTED FOR SALE

501 E Prospect Ave Unit 2A Mount Prospect, IL 60056

Downtown Mount Prospect Neighborhood

Estimated Value: $152,000 - $241,000

2 Beds
1 Bath
900 Sq Ft
1.31 Acre Lot

Sale Details

Date Sold: August 30, 2016

Last sale price $87,000 $97 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,501 / mo

11 Days on Market

Highlights

  • Breakfast Bar
  • Property is near bus stop
  • Forced Air Heating System
  • Lions Park Elementary School Rated 9+

About This Home

As of August 2016

LOCATION, LOCATION LOCATION!!!! Downtown Mt. Prospect, 2 blocks from train station and downtown Mt. Prospect/MainSteet area. SELL YOUR CAR because you don't even need it! Commuter's DREAM! RARELY AVAILABLE 2 BEDROOM CORNER UNIT with all new windows. Well maintained building with newer roof and brightly lit parking lot. Laundry room on site with additional storage on the 1st floor. Move-In ready......

Last Agent to Sell the Property

Laura Schiavone

Keller Williams Infinity License #475147143 Listed on: 07/21/2016

Keller Williams Infinity

Last Buyer's Agent

Peter Losacco

New Concept Realty License #471014490

Property Details

Home Type

  • Condominium

Year Built

  • 1963

Lot Details

  • 1.31

HOA Fees

  • $142 per month

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Kitchen

  • Breakfast Bar
  • Oven or Range

Parking

  • Parking Available
  • Driveway
  • Visitor Parking
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Location

  • Property is near bus stop

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Condominium

Year Built

1963

Lot Details

1.31 Acres

HOA Fees

$142 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Unit Floor Level: 2
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1963
  • Tax Exemptions: Homeowner
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1963

Interior Features

  • Number Of Rooms: 4
  • Living Room: Dimensions: 20X13, On Level: Main Level, Flooring: Wood Laminate
  • Appliances: Oven/Range, Refrigerator
  • Equipment: TV-Cable, Ceiling Fan
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 13X8, On Level: Main Level, Flooring: Wood Laminate
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X11, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 900

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Street, Visitor Parking
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: No Pets
  • Common Area Amenities: Bike Room/Bike Trails, Coin Laundry, Storage
  • Assessment Includes: Water, Common Insurance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 142
  • Management Contact Name: Teri Schiro
  • Management Phone: 847-985-4044X106

Fee Information

  • Management Company: ABC Management

Schools

  • Junior High Dist: 57

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 08122270161013

Multi Family

  • Total Number Unitsin Building: 40
  • Number Stories: 3

Tax Info

  • Taxes: 1456.58

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
Jul 21, 2016
Closed on
Aug 25, 2016
Sold by
Bought by
Seller's Agent
Laura Schiavone
Keller Williams Infinity
Buyer's Agent
Peter Losacco
New Concept Realty
List Price
$84,900
Sold Price
$87,000
Premium/Discount to List
$2,100
2.47%
Current Estimated Value
$202,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,975
Avg. Annual Appreciation
9.02%

Purchase Details

Closed on
Nov 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2001
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
$117,000
Interest Rate
8.9%

Purchase Details

Closed on
May 30, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 1994
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
$48,000
Interest Rate
8.38%
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
$88,000 Fidelity National Title
$135,000 Rtc
$117,000 --
$71,000 --
$60,000 --
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
Previous Owner $117,000
Previous Owner $48,000
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
08/30/2016 08/30/16 Sold $87,000 0.0% $97 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
07/27/2016 07/27/16 Off Market $87,000 -- --
07/21/2016 07/21/16 For Sale $84,900 -- $94 / 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 $3,158 $15,947 $2,114 $13,833
2024 $3,158 $11,338 $1,762 $9,576
2023 $3,037 $11,338 $1,762 $9,576
2022 $3,037 $11,338 $1,762 $9,576
2021 $2,514 $8,069 $1,145 $6,924
2020 $2,462 $8,069 $1,145 $6,924
2019 $2,462 $8,976 $1,145 $7,831
2018 $2,205 $7,208 $969 $6,239
2017 $2,211 $7,208 $969 $6,239
2016 $1,251 $7,208 $969 $6,239
2015 $1,466 $7,666 $792 $6,874
2014 $1,457 $7,666 $792 $6,874
2013 $1,438 $7,666 $792 $6,874
Source: Public Records

Agents Affiliated with this Home

  • Laura Schiavone

    Seller's Agent in 2016

    Laura Schiavone

    Keller Williams Infinity

    (708) 912-9717

    82 Total Sales

    Laura Schiavone
    Section Image
  • Peter Losacco

    Buyer's Agent in 2016

    Peter Losacco

    New Concept Realty

    (773) 858-7257

    1 in this area

    94 Total Sales

    Peter Losacco
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09294232

Midwest Real Estate Data (MRED)

APN: 08-12-227-016-1013

Illinois Cook County Mount Prospect 60056 Downtown Mount Prospect

501 E Prospect Ave Unit 2A, 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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