NOT LISTED FOR SALE

501 W Palatine Rd Arlington Heights, IL 60004

Estimated Value: $358,000 - $454,537

4 Beds
3 Baths
1,545 Sq Ft
$266/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $259,000 $168 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,792/month

57 Days on Market

Highlights

  • Ranch Style House
  • Walk-In Pantry
  • Fenced Yard
  • Patton Elementary School Rated 10
  • Stainless Steel Appliances
  • Detached Garage

About This Home

As of October 2016

GREAT HOME IN HASBROOK! NEW DRIVEWAY, NEW PATIO, NEW SIDINGS, NEW ROOF, NEW FURNACE, NEW HARDWOOD FLOORING, NEW KITCHEN, NEW BATHROOMS. IT'S COMPLETELY REMODELED.

Last Agent to Sell the Property

Hakan Sahsivar

HomeSmart Connect LLC License #475158578 Listed on: 06/07/2016

HomeSmart Connect LLC

Last Buyer's Agent

Sebastian Ksiazek

Anthony J.Trotto Real Estate License #475144116

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,208

Year Built

  • 1959

Lot Details

  • 8,712

Parking

  • Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Stainless Steel Appliances

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Primary Bathroom is a Full Bathroom
  • North or South Exposure
  • Patio
  • Fenced Yard

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,208

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Recent Rehab: Yes
  • Age: 51-60 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Ranch
  • Type Detached: 1 Story
  • Estimated Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1959

Interior Features

  • Number Of Rooms: 7
  • Living Room: Dimensions: 13X23, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Appliances: Oven/Range, Microwave, Refrigerator, All Stainless Steel Kitchen Appliances
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 5X5, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry-Walk-in
  • Additional Rooms: Pantry
  • Master Bedroom: Dimensions: 10X11, On Level: Main Level, Flooring: Carpet, Windows: None
  • Additional Room 1 Name: Pantry, Dimensions: 7X5, On Level: Main Level, Flooring: Ceramic Tile, Windows: None
  • Bedroom 2: Dimensions: 11X10, On Level: Main Level, Flooring: Carpet, Windows: None
  • Bedroom 3: Dimensions: 11X10, On Level: Main Level, Flooring: Carpet, Windows: None
  • Bedroom 4: Dimensions: 11X14, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Estimated Sq Ft: 1545
  • Dining Room Type: Combined w/ LivRm

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio
  • Exposure: N (North)
  • Acreage: 0.2009

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 214
  • Elementary School: PATTON ELEMENTARY SCHOOL
  • Middle School: THOMAS MIDDLE SCHOOL
  • High School: JOHN HERSEY HIGH SCHOOL
  • Junior High Dist: 25

Lot Info

  • Lot Dimensions: 8750
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 03192050040000

Tax Info

  • Taxes: 6277.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2016
Closed on
Oct 12, 2016
Sold by
Ates Ahmet Said
Bought by
Moniak Bogdon
Seller's Agent
Hakan Sahsivar
HomeSmart Connect LLC
Buyer's Agent
Sebastian Ksiazek
Anthony J.Trotto Real Estate
List Price
$295,000
Sold Price
$259,000
Premium/Discount to List
-$36,000
-12.2%
Current Estimated Value
$411,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,634
Avg. Annual Appreciation
5.29%
Original Mortgage
$246,050
Outstanding Balance
$199,049
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$212,585

Purchase Details

Closed on
Apr 7, 2016
Sold by
Quility Builders Of Midwest Inc
Bought by
Ates Ahmet Said

Purchase Details

Listed on
Sep 4, 2014
Closed on
Nov 28, 2014
Sold by
Fannie Mae
Bought by
Quality Builders Of Midwest Inc
Seller's Agent
Frank DeNovi
Compass
Buyer's Agent
Hakan Sahsivar
HomeSmart Connect LLC
List Price
$184,900
Sold Price
$125,000
Premium/Discount to List
-$59,900
-32.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.64%

Purchase Details

Closed on
Sep 13, 2012
Sold by
Ibarra Ernesto
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 1, 1998
Sold by
Foreclosure Prevention Associates Inc
Bought by
Ibarra Ernesto and Corral Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,702
Interest Rate
7.2%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 1997
Sold by
Harris Bank Palatine Na
Bought by
Foreclosure Prevention Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8%
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
Moniak Bogdon $259,000 Placer Title Company
Ates Ahmet Said -- None Available
Ates Ahmet Said -- None Available
Quality Builders Of Midwest Inc $125,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Ibarra Ernesto $141,000 --
Foreclosure Prevention Associates Inc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moniak Bogdon $246,050
Previous Owner Ibarra Ernesto $138,702
Previous Owner Foreclosure Prevention Associates Inc $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2016 10/12/16 Sold $259,000 -3.9% $168 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
07/28/2016 07/28/16 Price Changed $269,500 -1.8% $174 / Sq Ft
07/18/2016 07/18/16 Price Changed $274,500 -1.6% $178 / Sq Ft
07/09/2016 07/09/16 Price Changed $279,000 -2.1% $181 / Sq Ft
06/27/2016 06/27/16 Price Changed $285,000 -3.4% $184 / Sq Ft
06/07/2016 06/07/16 For Sale $295,000 +136.0% $191 / Sq Ft
12/15/2014 12/15/14 Sold $125,000 -26.4% $81 / Sq Ft View Prior Sale
11/25/2014 11/25/14 Pending -- -- --
10/01/2014 10/01/14 Price Changed $169,900 +900.0% $110 / Sq Ft
10/01/2014 10/01/14 Price Changed $16,990 -90.8% $11 / Sq Ft
09/04/2014 09/04/14 For Sale $184,900 -- $120 / 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 $7,208 $26,331 $6,344 $19,987
2023 $6,942 $26,331 $6,344 $19,987
2022 $6,942 $26,331 $6,344 $19,987
2021 $6,708 $22,283 $4,593 $17,690
2020 $6,534 $22,283 $4,593 $17,690
2019 $6,515 $24,815 $4,593 $20,222
2018 $6,969 $23,880 $3,937 $19,943
2017 $7,469 $25,900 $3,937 $21,963
2016 $7,491 $27,852 $3,937 $23,915
2015 $7,224 $24,467 $3,500 $20,967
2014 $6,277 $24,467 $3,500 $20,967
2013 $6,102 $24,467 $3,500 $20,967
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09253777

Midwest Real Estate Data (MRED)

APN: 03-19-205-004-0000