NOT LISTED FOR SALE

502 Westchester Rd Unit 127 Schaumburg, IL 60193

South Schaumburg Neighborhood

Estimated Value: $253,204 - $281,000

2 Beds
1.5 Baths
1,200 Sq Ft
$157/mo HOA Fee

Last Sold April 14, 2023

Last sale price $227,500 $190 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,841/month

3 Days on Market

Highlights

  • Whirlpool Bathtub
  • Formal Dining Room
  • Living Room
  • Michael Collins Elementary School Rated A-
  • 1 Car Attached Garage
  • Laundry Room

About This Home

As of April 2023

Check out the 3D Tour and Photos of this updated townhome, or better yet, make an appointment today! 2 Bedrooms and 1.5 Baths. Full bath features a walk-in jetted tub. Newer kitchen and baths. Large Living Room and Dining Room. Full Basement includes laundry room and huge space for additional living are or storage. Roof and gutters replaced in 2017, windows in 2013. Fantastic, well managed neighborhood to call home. Conveniently located near schools, parks, shopping, dining, forest preserves, Interstates, and Metra Train Station.

Last Agent to Sell the Property

Matt Grander

Keller Williams Infinity License #475131301 Listed on: 03/09/2023

Keller Williams Infinity

Co-Listed By

Benjamin Grander

Keller Williams Infinity License #475183508

Last Buyer's Agent

Vikram Sagar

VS Homes License #471021768

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,641

Year Built

  • Built in 1990

Lot Details

  • 1.58

HOA Fees

  • $157 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Visitor Parking
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Laminate Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Whirlpool Bathtub

Schools

  • Michael Collins Elementary Schoo
  • Robert Frost Junior High School
  • J B Conant High School

Utilities

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

Community Details

Overview

  • Association fees include insurance, lawn care, snow removal
  • 4 Units
  • Daniel Association, Phone Number (773) 501-4444
  • Summit Place Subdivision
  • Property managed by Villas of Summit Place

Amenities

  • Common Area

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,641

Year Built

Built in 1990

Lot Details

0

HOA Fees

$157 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Summit Place
  • Year Built: 1990
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Wood Laminate Floors
  • LivingArea: 1200
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 215000
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Stone

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Visitor Parking, Driveway
  • ParkingTotal: 2
  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 157
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Villas of Summit Place
  • Management Contact Name: Daniel
  • Management Phone: 773-501-4444
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Lawn Care, Snow Removal

Schools

  • Elementary School: Michael Collins Elementary Schoo
  • High School: J B Conant High School
  • Middle/Junior School: Robert Frost Junior High School
  • Middle/Junior School District: 54

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2641.4
  • Tax Year: 2021

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 11, 2023
Sold by
Spencer Howard J and Spencer Christine M
Bought by
Tyagi Pankaj and Tyagi Neha
Seller's Agent
Matt Grander
Keller Williams Infinity
Buyer's Agent
Vikram Sagar
VS Homes
List Price
$215,000
Sold Price
$227,500
Premium/Discount to List
$12,500
5.81%
Total Days on Market
3
Views
72
Current Estimated Value
$268,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,051
Avg. Annual Appreciation
6.18%
Original Mortgage
$170,625
Outstanding Balance
$156,260
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$102,211

Purchase Details

Closed on
Sep 17, 1993
Sold by
Bulmahn Frederick W and Bulmahn Jeannie L
Bought by
Spencer Howard J and Spencer Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.75%
Source: Public Records

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Range of Values:

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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
Tyagi Pankaj $227,500 Properties Title
Spencer Howard J $66,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyagi Pankaj $170,625
Previous Owner Spencer Howard J $117,100
Previous Owner Spencer Howard J $124,000
Previous Owner Spencer Howard J $123,000
Previous Owner Spencer Howard J $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $227,500 +5.8% $190 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $215,000 -- $179 / 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 $3,112 $14,877 $3,202 $11,675
2023 $3,112 $14,877 $3,202 $11,675
2022 $3,112 $14,877 $3,202 $11,675
2021 $2,641 $12,045 $1,746 $10,299
2020 $2,664 $12,045 $1,746 $10,299
2019 $2,668 $13,384 $1,746 $11,638
2018 $2,178 $10,694 $1,455 $9,239
2017 $2,162 $10,694 $1,455 $9,239
2016 $2,264 $10,694 $1,455 $9,239
2015 $1,867 $9,612 $1,310 $8,302
2014 $1,867 $9,612 $1,310 $8,302
2013 $1,796 $9,612 $1,310 $8,302
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11734351

Midwest Real Estate Data (MRED)

APN: 07-26-307-025-1014