NOT LISTED FOR SALE

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

Downtown Mount Prospect Neighborhood

Estimated Value: $155,932 - $230,000

1 Bed
1 Bath
850 Sq Ft
1.31 Acre Lot

Sale Details

Date Sold: September 30, 2020

Last sale price $95,000 $112 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,356 / mo

37 Days on Market

Highlights

  • Property is near bus stop
  • Lions Park Elementary School Rated 9+
  • Heating Available

About This Home

As of September 2020

Hard to find - very affordable and completely updated 2nd floor unit. NEW Kitchen, NEW Bathroom, NEW Floors Throughout. Unit features 1 Bedroom and 1 Bathroom, open living room with window wall, Updated Kitchen with S.S appliances, full bathroom with tub. There are ceiling fans, in unit furnace & hot water heater/gas forced air. 1-assigned parking space & visitor parking spaces/coin laundry. It is close to downtown of Mount Prospect/public transportation - METRA train/bus/I-294 & I-90 expressways/shopping & restaurants!!! Do not wait and make an offer today!!!

Last Agent to Sell the Property

Joanna Krzepkowska

HomeSmart Connect LLC License #475161221 Listed on: 07/04/2020

HomeSmart Connect LLC

Last Buyer's Agent

Christopher Paul

Redfin Corporation License #475158501

Property Details

Home Type

  • Condominium

Year Built | Renovated

  • 1963 | 2020

Lot Details

  • 1.31

HOA Fees

  • $169 per month

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Parking

  • Parking Available
  • Parking Included in Price

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • North or South Exposure
  • Property is near bus stop

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built | Renovated

1963 | 2020

Lot Details

1.31 Acres

HOA Fees

$169 per month

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Unit Floor Level: 2
  • Age: 51-60 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Rehab Year: 2020
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1963
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1963
  • Year Renovated: 2020

Interior Features

  • Number Of Rooms: 3
  • Living Room: Dimensions: 13X20, On Level: Main Level, Flooring: Wood Laminate
  • Basement: Slab
  • Bedrooms All Levels: 1
  • Above Grade Bedrooms: 1
  • Kitchen Type: Dimensions: 9X11, On Level: Main Level, Flooring: Wood Laminate
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 12X14, On Level: Main Level, Flooring: Wood Laminate
  • Estimated Sq Ft: 850

Exterior Features

  • Exterior Building Type: Brick
  • Exposure: N (North)

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Manager Off-site
  • Pet Information: Cats OK
  • Common Area Amenities: Coin Laundry
  • Assessment Includes: Water, Common Insurance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 169
  • Management Contact Name: Melissa
  • Management Phone: 849-490-3833

Fee Information

  • Management Company: Community Association Manager

Schools

  • Junior High Dist: 57

Lot Info

  • Lot Dimensions: CONDO
  • Parcel Identification Number: 08122270161023

Multi Family

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

Tax Info

  • Taxes: 1905.45

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 4, 2020
Closed on
Sep 25, 2020
Sold by
Bought by
Seller's Agent
Joanna Krzepkowska
HomeSmart Connect LLC
Buyer's Agent
Christopher Paul
Redfin Corporation
List Price
$98,900
Sold Price
$95,000
Premium/Discount to List
-$3,900
-3.94%
Current Estimated Value
$196,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,233
Avg. Annual Appreciation
13.52%
Original Mortgage
$76,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2013
Closed on
May 13, 2013
Sold by
Bought by
Seller's Agent
Janice Weiner
RE/MAX Suburban
Buyer's Agent
Zivile Pitkiene
Coldwell Banker Realty
List Price
$35,900
Sold Price
$40,000
Premium/Discount to List
$4,100
11.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.40%

Purchase Details

Closed on
Dec 18, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2006
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
$101,650
Interest Rate
10.15%
Mortgage Type
Balloon
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
$95,000 Chicago Title
$40,000 Attorneys Title Guaranty Fun
-- None Available
$107,000 Atg
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 $76,000
Previous Owner $101,650
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 Prior Sale
09/30/2020 09/30/20 Sold $95,000 -2.1% $112 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/08/2020 08/08/20 Price Changed $97,000 -1.9% $114 / Sq Ft
07/30/2020 07/30/20 For Sale $98,900 0.0% $116 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
07/26/2020 07/26/20 Price Changed $98,900 -1.0% $116 / Sq Ft
07/13/2020 07/13/20 For Sale $99,900 +5.2% $118 / Sq Ft
07/13/2020 07/13/20 Off Market $95,000 -- --
07/04/2020 07/04/20 For Sale $99,900 +149.8% $118 / Sq Ft
05/09/2013 05/09/13 Sold $40,000 +11.4% $50 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $35,900 -- $45 / 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 $1,521 $12,346 $1,637 $10,709
2024 $1,521 $8,778 $1,364 $7,414
2023 -- $8,778 $1,364 $7,414
2022 $0 $8,778 $1,364 $7,414
2021 $1,906 $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 $944 $5,935 $613 $5,322
Source: Public Records

Agents Affiliated with this Home

  • Joanna Krzepkowska

    Seller's Agent in 2020

    Joanna Krzepkowska

    The McDonald Group

    (224) 361-9302

    158 Total Sales

    Joanna Krzepkowska
    Section Image

  • J

    Seller's Agent in 2013

    Janice Weiner

    Remax Suburban

    Section Image
  • Zivile Pitkiene

    Buyer's Agent in 2013

    Zivile Pitkiene

    Coldwell Banker Realty

    (847) 217-3222

    139 Total Sales

    Zivile Pitkiene
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10766253

Midwest Real Estate Data (MRED)

APN: 08-12-227-016-1023

Illinois Cook County Mount Prospect 60056 Downtown Mount Prospect

501 E Prospect Ave Unit 2K, 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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