NOT LISTED FOR SALE

501 Laurel Ave Wilmette, IL 60091

Estimated Value: $1,440,000 - $1,710,000

6 Beds
4 Baths
3,576 Sq Ft
$441/Sq Ft Est. Value

Last Sold March 03, 2020

Last sale price $800,000 $224 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $9,706/month

2 Days on Market

Highlights

  • Recreation Room
  • Sun or Florida Room
  • Dining Area
  • Central Elementary School Rated A
  • Detached Garage
  • 4-minute walk to Maple Park

About This Home

As of March 2020

VINTAGE STUNNER ON OVERSIZED 60x224 LOT - 6 BEDROOM HOME IN PRIME EAST WILMETTE LOCATION! FANTASTIC ARCHITECTURAL DETAILS, ARCH DOORWAYS, SPACIOUS FORMAL DINING ROOM, GLEAMING HARDWOOD FLOORS, GREAT LIGHT THROUGH WALL OF WINDOWS IN LIVING ROOM. BASEMENT FEATURES FIREPLACE AND GREAT REC ROOM. THE HUGE LOT WILL TAKE YOUR BREATH AWAY- GARDENER'S DREAM! WALK TO BOTH METRA & CTA EL TRAIN, BEACH, DOWNTOWN WILMETTE, NORTHWESTERN BASKETBALL AND FOOTBALL GAMES.

Last Agent to Sell the Property

Paul Gorney

eXp Realty License #475153053 Listed on: 12/31/2019

eXp Realty

Last Buyer's Agent

Monica Balder

Baird & Warner License #475104737

Baird & Warner

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1921 | 2002

Lot Details

  • 0.3

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Dining Area
  • Recreation Room
  • Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built | Renovated

1921 | 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 4
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Rehab Year: 2002
  • Total Full or Half Bathrooms: 4
  • Type Detached: 2 Stories
  • Estimated Year Built: 1921
  • Tax Exemptions: Homeowner, Senior
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1921
  • Year Renovated: 2002

Interior Features

  • Number Of Rooms: 11
  • Living Room: Dimensions: 24X16, On Level: Main Level
  • Fireplace Location: Living Room, Basement
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 6
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 6
  • Dining Room: Dimensions: 12X14, On Level: Main Level
  • Kitchen Type: Dimensions: 16X12, On Level: Main Level
  • Additional Rooms: Recreation Room, Sun/Florida Room, 5th Bedroom, Eating Area, 6th Bedroom
  • Master Bedroom: Dimensions: 16X16, On Level: 2nd Level
  • Additional Room 1 Name: Recreation Rm, Dimensions: 24X16, On Level: Basement
  • Additional Room 2 Name: Sunroom, Dimensions: 16X11, On Level: Main Level
  • Bedroom 2: Dimensions: 16X14, On Level: 2nd Level
  • Additional Room 3 Name: 5th Bdrm, Dimensions: 16X14, On Level: 3rd Level
  • Bedroom 3: Dimensions: 14X12, On Level: 2nd Level
  • Additional Room 4 Name: Eating Area, Dimensions: 10X10, On Level: Main Level
  • Bedroom 4: Dimensions: 14X14, On Level: 2nd Level
  • Additional Room 5 Name: 6th Bdrm, Dimensions: 16X12, On Level: 3rd Level
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Acreage: 0.3085

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Radiant

Schools

  • Junior High Dist: 39

Lot Info

  • Lot Dimensions: 60X224
  • Parcel Identification Number: 05342250070000

Tax Info

  • Taxes: 23222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2019
Closed on
Feb 26, 2020
Sold by
Lundin Robert H
Bought by
Mayer Erik and Mayer Wendy
Seller's Agent
Paul Gorney
eXp Realty
Buyer's Agent
Monica Balder
Baird & Warner
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%
Current Estimated Value
$1,578,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$778,755
Avg. Annual Appreciation
12.28%
Original Mortgage
$712,530
Outstanding Balance
$627,093
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$951,662
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

Date Buyer Sale Price Title Company
Mayer Erik $792,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Erik $712,530
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2020 03/03/20 Sold $800,000 -5.9% $224 / Sq Ft
01/02/2020 01/02/20 Pending -- -- --
12/31/2019 12/31/19 For Sale $849,900 -- $238 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $17,401 $160,000 $43,680 $116,320
2024 $17,401 $80,000 $36,960 $43,040
2023 $16,447 $80,000 $36,960 $43,040
2022 $16,447 $80,000 $36,960 $43,040
2021 $20,568 $79,170 $29,568 $49,602
2020 $20,232 $79,170 $29,568 $49,602
2019 $23,202 $107,882 $29,568 $78,314
2018 $23,857 $106,461 $25,536 $80,925
2017 $23,222 $106,461 $25,536 $80,925
2016 $22,653 $108,499 $25,536 $82,963
2015 $21,893 $92,688 $21,168 $71,520
2014 $22,860 $97,980 $21,168 $76,812
2013 $21,370 $97,980 $21,168 $76,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10600662

Midwest Real Estate Data (MRED)

APN: 05-34-225-007-0000