M
Seller's Agent in 2025
Mihaiela Malureanu
Compass
(773) 370-0824
1 in this area
9 Total Sales
501 E Prospect Ave Unit 3F Mount Prospect, IL 60056
Downtown Mount Prospect NeighborhoodEstimated Value: $156,000 - $161,000
1
Bed
1
Bath
800
Sq Ft
$183/mo
HOA Fee
Highlights
- Living Room
- Laundry Room
- Dining Room
- Lions Park Elementary School Rated 10
- Forced Air Heating System
- Family Room
About This Home
As of July 2025Discover the allure of this spacious condo, perfectly poised with 1 bedroom and 1 bathroom on the third floor, basking in abundant natural light through tall windows. An inviting eat-in kitchen complements the combined dining and living area. Generous storage include a walk-in closet and additional linen and hallway closets. Enjoy the ease of assigned parking and storage, with convenient laundry on the first floor. Located minutes from downtown Mt. Prospect and Arlington Heights, this residence offers seamless access to the Metra and vibrant urban amenities. Embrace the opportunity to move in immediately or tailor it to your vision, all within a pet-friendly community with low assessments.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,521
Year Built
- Built in 1963
HOA Fees
- $183 Monthly HOA Fees
Home Design
- Entry on the 3rd floor
- Brick Exterior Construction
Interior Spaces
- 800 Sq Ft Home
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Microwave
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Parking
- 1 Parking Space
- Parking Included in Price
Schools
- Lions Park Elementary School
- Lincoln Junior High School
- Prospect High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, lawn care, scavenger, snow removal
- 42 Units
- Darla Najarian Association, Phone Number (847) 882-8207
- Property managed by Associa Chicagoland
Amenities
- Coin Laundry
- Community Storage Space
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2025
Closed on
Jul 7, 2025
Sold by
Latco Daniela T
Bought by
Biondo Adam and Biondo Yolanda B
Seller's Agent
Mihaiela Malureanu
Compass
Buyer's Agent
Fergal Tierney
Compass
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,107
Avg. Annual Appreciation
4.40%
Original Mortgage
$147,250
Outstanding Balance
$147,003
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$11,232
Purchase Details
Listed on
Jun 7, 2025
Closed on
May 27, 2025
Sold by
Latco Daniela T and Latco Ivan Florin
Bought by
Latco Daniela T
Seller's Agent
Mihaiela Malureanu
Compass
Buyer's Agent
Fergal Tierney
Compass
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Outstanding Balance
$147,003
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$11,232
Purchase Details
Closed on
Sep 12, 2006
Sold by
Latco Daniela T
Bought by
Ivan Florin and Latco Daniela T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.49%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2005
Sold by
Cusack Carol J and Will Of Isla Ebeling
Bought by
Latco Daniela T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Biondo Adam | $155,000 | None Listed On Document | |
| Latco Daniela T | -- | None Listed On Document | |
| Ivan Florin | -- | First American Title | |
| Latco Daniela T | $112,000 | Atgf Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Biondo Adam | $147,250 | |
| Previous Owner | Ivan Florin | $93,000 | |
| Previous Owner | Latco Daniela T | $78,400 | |
| Closed | Latco Daniela T | $33,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Sold | $155,000 | -3.1% | $194 / Sq Ft |
| 06/15/2025 06/15/25 | Pending | -- | -- | -- |
| 06/07/2025 06/07/25 | For Sale | $160,000 | -- | $200 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $1,521 | $12,346 | $1,637 | $10,709 |
| 2024 | $1,521 | $8,778 | $1,364 | $7,414 |
| 2023 | $1,435 | $8,778 | $1,364 | $7,414 |
| 2022 | $1,435 | $8,778 | $1,364 | $7,414 |
| 2021 | $909 | $6,247 | $886 | $5,361 |
| 2020 | $960 | $6,247 | $886 | $5,361 |
| 2019 | $965 | $6,948 | $886 | $6,062 |
| 2018 | $656 | $5,580 | $750 | $4,830 |
| 2017 | $676 | $5,580 | $750 | $4,830 |
| 2016 | $819 | $5,580 | $750 | $4,830 |
| 2015 | $963 | $5,935 | $613 | $5,322 |
| 2014 | $962 | $5,935 | $613 | $5,322 |
| 2013 | $944 | $5,935 | $613 | $5,322 |
Source: Public Records
Agents Affiliated with this Home
-
Mihaiela Malureanu
-
Fergal Tierney
Buyer's Agent in 2025
Fergal Tierney
Compass
(773) 710-5630
7 in this area
79 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12366402
APN: 08-12-227-016-1032
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