Sharon Lynch
@properties Christie's International Real Estate
(224) 258-0623
68 Total Sales
2 in Downtown Mount Prospect
$205K - $245K Price Range
501 E Prospect Ave Unit 3F Mount Prospect, IL 60056
Downtown Mount Prospect NeighborhoodEstimated Value: $156,000 - $170,000
1
Bed
1
Bath
800
Sq Ft
1963
Built
Highlights
- Living Room
- Forced Air Heating System
- Family Room
- Laundry Room
- Dining Room
- Coin Laundry
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.
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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
- Cooling System Mounted In Outer Wall Opening
- 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
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
Jun 7, 2025
Closed on
Jul 7, 2025
Sold by
Bought by
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
$7,391
Avg. Annual Appreciation
4.49%
Original Mortgage
$147,250
Outstanding Balance
$145,722
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$16,669
Purchase Details
Listed on
Jun 7, 2025
Closed on
May 27, 2025
Sold by
Bought by
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
$145,722
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$16,669
Purchase Details
Closed on
Sep 12, 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
$25,000
Interest Rate
6.58%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Apr 27, 2005
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
$33,600
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Mount Prospect, IL
-
Sharon Lynch
-
Gloria Zrnich
Gloria Zrnich
HomeSmart Connect LLC
(773) 825-3585
69 Total Sales
1 in Downtown Mount Prospect
$463,000 Price
-
Egle Vasiliauskiene
Egle Vasiliauskiene
Amber Realty Inc.
(224) 479-1151
38 Total Sales
1 in Downtown Mount Prospect
$165,500 Price
-
Sue Hall
Sue Hall
@properties Christie's International Real Estate
(630) 749-9031
158 Total Sales
1 in Downtown Mount Prospect
$510,000 Price
-
Airel Hermosillo
Airel Hermosillo
Smart Home Realty
(630) 761-5132
270 Total Sales
1 in Downtown Mount Prospect
$245,000 Price
-
Jamie Hering
Jamie Hering
Coldwell Banker Realty
(224) 427-6271
733 Total Sales
1 in Downtown Mount Prospect
$405,000 Price
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 |
|---|---|---|---|
| $155,000 | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | First American Title | ||
| $112,000 | Atgf Inc |
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 |
|---|---|---|---|
| Open | $147,250 | ||
| Previous Owner | $25,000 | ||
| Previous Owner | $93,000 | ||
| Previous Owner | $33,600 | ||
| Closed | $78,400 |
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 |
|---|---|---|---|---|
| 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
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 | $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
M
Seller's Agent in 2025
Mihaiela Malureanu
Compass
(312) 319-1168
1 in this area
9 Total Sales
-
Fergal Tierney
Buyer's Agent in 2025
Fergal Tierney
Compass
(773) 710-5630
6 in this area
76 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12366402
APN: 08-12-227-016-1032
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.
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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