NOT LISTED FOR SALE

501 S Lincoln Ln Arlington Heights, IL 60005

Estimated Value: $654,000 - $738,000

4 Beds
3 Baths
2,718 Sq Ft
$256/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $525,000 $193 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,928/month

1 Day on Market

Highlights

  • Living Room with Fireplace
  • Formal Dining Room
  • Detached Garage
  • Prospect High School Rated A+

About This Home

As of November 2021

SCARSDALE NEIGHBORHOOD * OPEN CONCEPT * MOVE IN READY. There is so much to love - custom features include beautiful craftsman styled millwork, open kitchen with rich appointments, baths on each level and fantastic living space. Kitchen offers tons of beautiful cherry cabinets and granite counters. Stainless appliances, breakfast bar PLUS custom desk center. Great room with fireplace, bay window, and hardwood floors. Second floor offers four bedrooms, and generous bath. Great options to convert into a three bedroom with master bath suite in the future. Full basement with rec room. Beautiful yard with plenty of room to play. Seller offering $5,000 credit for bath repair. Home Warranty is offered for additional peace of mind. Come visit this lovely home, you will not be disappointed.

Last Agent to Sell the Property

Susan Duchek

Picket Fence Realty License #471003751 Listed on: 10/23/2021

Last Buyer's Agent

Mary O'Malley

@properties Christie's International Real Estate License #475145849

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,962

Year Built

  • 1955

Lot Details

  • 6,098

Parking

  • Detached Garage
  • Parking Space is Owned

Interior Spaces

  • 2,718 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Finished Basement Bathroom

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,962

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories
  • Property Sub Type: 2 Stories
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Colonial
  • Co List Office Mls Id: MRD8269
  • Co List Office Phone: (847) 394-5804
  • Directions: Arlington Heights Rd. south of Northwest Hwy to Park. East to Lincoln south to home.
  • Lot Size: 50X125
  • New Construction: No
  • Ownership: Fee Simple
  • Subdivision Name: Scarsdale
  • Special Features: None
  • Year Built: 1955

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 2718
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1812
  • Basement Sq Ft: 906
  • Fireplace Location: Living Room
  • Total Sq Ft: 2718
  • Upper Level Sq Ft: 906
  • Main Level Sq Ft: 906
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 906
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Open Floorplan, Some Carpeting, Granite Counters
  • Dining Room Type: No additional rooms

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Vinyl Siding,Brick
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

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

Utilities

  • Cooling: Space Pac
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Dryden Elementary School
  • High School: Prospect High School
  • Junior High Dist: 214
  • Middle Or Junior School: South Middle School

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 10276.79
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2021
Closed on
Nov 16, 2021
Sold by
Preissing Joseph A
Bought by
Blethen Bailey N and Blethen Liesl M
Seller's Agent
Susan Duchek
Picket Fence Realty
Buyer's Agent
Mary O'Malley
@properties Christie's International Real Estate
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$696,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,170
Avg. Annual Appreciation
7.56%
Original Mortgage
$420,000
Outstanding Balance
$386,828
Interest Rate
3.06%
Mortgage Type
New Conventional
Estimated Equity
$305,678

Purchase Details

Closed on
Jun 29, 1999
Sold by
Gorski Robert J and Gorski Marilyn K
Bought by
Preissing Joseph A and Preissing Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.93%
Source: Public Records

Range of Values:

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Average Value
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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
Blethen Bailey N $525,000 Chicago Title
Preissing Joseph A $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blethen Bailey N $420,000
Previous Owner Preissing Joseph A $35,000
Previous Owner Preissing Joseph A $339,330
Previous Owner Preissing Joseph A $362,000
Previous Owner Preissing Joseph A $192,000
Previous Owner Preissing Joseph A $169,500
Previous Owner Preissing Joseph A $50,000
Previous Owner Preissing Joseph A $223,000
Previous Owner Preissing Joseph A $226,000
Previous Owner Preissing Joseph $20,000
Previous Owner Preissing Joseph A $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $525,000 0.0% $193 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/23/2021 10/23/21 For Sale $525,000 -- $193 / 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
2024 $13,962 $51,000 $9,336 $41,664
2023 $13,447 $51,000 $9,336 $41,664
2022 $13,447 $51,000 $9,336 $41,664
2021 $10,481 $38,149 $5,134 $33,015
2020 $10,277 $38,149 $5,134 $33,015
2019 $10,266 $42,530 $5,134 $37,396
2018 $11,794 $43,851 $4,512 $39,339
2017 $11,673 $43,851 $4,512 $39,339
2016 $11,123 $43,851 $4,512 $39,339
2015 $10,575 $38,439 $3,890 $34,549
2014 $10,282 $38,439 $3,890 $34,549
2013 $10,007 $38,439 $3,890 $34,549
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11254041

Midwest Real Estate Data (MRED)

APN: 03-32-232-001-0000