Seller's Agent in 2023
Dorota Kula
Coldwell Banker Residential
2 in this area
24 Total Sales
501 S School St Mount Prospect, IL 60056
Downtown Mount Prospect NeighborhoodEstimated Value: $484,000 - $522,384
3
Beds
1.5
Baths
1,517
Sq Ft
$333/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Attic
- Laundry Room
- Lions Park Elementary School Rated 10
- 2 Car Detached Garage
- 2-minute walk to Lions Park
About This Home
As of August 2023LOCATION, LOCATION, LOCATION! This beautiful three-bedroom, one and a half bath home with detached two-car garage is in desirable Lions Park neighborhood with awarding-winning schools and family-friendly downtown just a short walk away. The kitchen, pantry, & bathroom on the first level were all updated in 2020 from top-to-bottom, including floors, kitchen windows, stainless steel appliances, concealed dishwasher, cabinetry, lighting, and custom quartz countertop. All bedrooms and full bath are on the upper level, while the main level has an open floor plan for the living room and dining room area. On the lower level you will find the large, finished rec-room, laundry room, and a storage room already pipe-fitted for bathroom conversion. For those looking to raise a family, this light-filled estate is just steps from both a fully equipped playground and Lions Park Elementary School - part of the popular D57 school district that feeds into Prospect High School (Top 15 in State in 2023). If outdoor activities and entertainment are your thing, this spacious corner lot is right near tennis courts, baseball diamonds, basketball courts, the Big Surf wave pool, and the fields of Lions Park - including the well-known Bandshell where concerts and the community band provide free entertainment all summer long. And if you don't like to drive, you won't have to when you are just a ten-minute walk from downtown Mount Prospect, which includes a full grocery store, several restaurants, beautiful library, coffee shops, village hall, a Metra Station, and all the fun family-friendly events that come with a suburban downtown area like outdoor movie nights, concerts, and holiday festivals. Come experience life in the '56 today!
Last Buyer's Agent
@properties Christie's International Real Estate License #475177564
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,157
Year Built
- Built in 1963 | Remodeled in 2020
Lot Details
- 9,627
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Bi-Level Home
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 1,517 Sq Ft Home
- Family Room
- Combination Dining and Living Room
- Attic
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- English Basement
- Partial Basement
Schools
- Lions Park Elementary School
- Lincoln Junior High School
- Prospect High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2023
Closed on
Aug 22, 2023
Sold by
Rotchford Edward and Rotchford Jenniffer
Bought by
Janybek Ruslan and Aldabergenova Saule
Seller's Agent
Dorota Kula
Coldwell Banker Residential
Buyer's Agent
Julie Schultz
@properties Christie's International Real Estate
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Views
227
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
$64,846
Avg. Annual Appreciation
2.90%
Original Mortgage
$415,250
Outstanding Balance
$408,749
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$57,649
Purchase Details
Closed on
Jan 16, 2020
Sold by
Nelson Ross S
Bought by
Rotchford Edward and Rotchford Jenniffer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,250
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 1997
Sold by
Nelson Charles A and Nelson Lois B
Bought by
Nelson Charles A and Nelson Lois B
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 |
|---|---|---|---|
| Janybek Ruslan | $440,000 | Chicago Title | |
| Rotchford Edward | $265,000 | Chicago Title | |
| Nelson Charles A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Janybek Ruslan | $415,250 | |
| Previous Owner | Rotchford Edward | $267,300 | |
| Previous Owner | Rotchford Edward | $225,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2023 08/30/23 | Sold | $440,000 | -2.2% | $290 / Sq Ft |
| 07/25/2023 07/25/23 | Pending | -- | -- | -- |
| 07/19/2023 07/19/23 | For Sale | $450,000 | -- | $297 / 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 |
|---|---|---|---|---|
| 2024 | $9,105 | $36,000 | $9,623 | $26,377 |
| 2023 | $8,726 | $36,000 | $9,623 | $26,377 |
| 2022 | $8,726 | $36,000 | $9,623 | $26,377 |
| 2021 | $8,157 | $29,508 | $6,254 | $23,254 |
| 2020 | $9,004 | $29,508 | $6,254 | $23,254 |
| 2019 | $8,992 | $32,787 | $6,254 | $26,533 |
| 2018 | $10,158 | $33,203 | $5,292 | $27,911 |
| 2017 | $10,185 | $33,203 | $5,292 | $27,911 |
| 2016 | $8,821 | $33,203 | $5,292 | $27,911 |
| 2015 | $9,061 | $31,176 | $4,330 | $26,846 |
| 2014 | $8,908 | $31,176 | $4,330 | $26,846 |
| 2013 | $7,613 | $31,176 | $4,330 | $26,846 |
Source: Public Records
Agents Affiliated with this Home
-
Dorota Kula
-
Julie Schultz
Buyer's Agent in 2023
Julie Schultz
@ Properties
(847) 946-1946
2 in this area
142 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11836938
APN: 08-12-420-001-0000
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