NOT LISTED FOR SALE

504 S Lincoln Ln Arlington Heights, IL 60005

Estimated Value: $558,000 - $642,052

4 Beds
2 Baths
1,997 Sq Ft
$308/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $405,000 $203 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,371/month

1 Day on Market

Highlights

  • Living Room with Fireplace
  • Prospect High School Rated A+
  • Attached Garage

About This Home

As of December 2021

First time on the market since 1979! This classic Tackett home is situated on quiet, tree lined street in the center of the Scarsdale neighborhood. Spacious main level that has an extra large bump out in the back with extended dining room and family room. Home is ready to move-in now but has so much potential for improvements. The flat roof from the dining room and family room on the main level provides great opportunity to build out a master suite on the second level. Fresh paint and hardwood floors throughout most of the home. Finished basement, with additional storage. Beautifully landscaped, private back yard. Newer windows. Upstairs bathroom remodeled in 2016. Roof and gutters (2020) Enjoy everything this Scarsdale home has to offer. Just a couple blocks to Dryden Elementary and 10 minute walk to downtown Arlington Heights and the Metra!

Last Agent to Sell the Property

Lindsey Kaplan

@properties Christie's International Real Estate License #475163012 Listed on: 10/13/2021

@properties Christie's International Real Estate

Co-Listed By

Anne Kaplan

@properties Christie's International Real Estate License #475125563

Last Buyer's Agent

Lindsey Kaplan

@properties Christie's International Real Estate License #475163012 Listed on: 10/13/2021

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,593

Year Built

  • 1953

Lot Details

  • 6,534

Parking

  • Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Finished Basement

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,593

Year Built

1953

Lot Details

0

Parking

1

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: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Co List Office Mls Id: MRD26989
  • Co List Office Phone: (847) 797-0200
  • Directions: South on Arlington Heights rd, east on park. south on Lincoln. House is on the right.
  • Lot Size: 131X50
  • New Construction: No
  • Ownership: Fee Simple
  • Subdivision Name: Scarsdale
  • Special Features: None
  • Year Built: 1953

Interior Features

  • Has Basement: Partial
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Dining Room Type: Recreation Room

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Master Association Fee: No
  • 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 Annual Amount: 11022
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Dec 20, 2021
Sold by
Pazzol Sarah and Mary L Fogal Revocable Trust
Bought by
Giarelli Matthew
Seller's Agent
Lindsey Kaplan
@properties Christie's International Real Estate
Buyer's Agent
Lindsey Kaplan
@properties Christie's International Real Estate
List Price
$424,900
Sold Price
$405,000
Premium/Discount to List
-$19,900
-4.68%
Current Estimated Value
$614,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,513
Avg. Annual Appreciation
10.38%
Original Mortgage
$386,141
Outstanding Balance
$357,965
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$227,466

Purchase Details

Closed on
Aug 5, 2016
Sold by
Fogal Mary L
Bought by
Fogal Mary L and Mary L Fogal Revocable Trust
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
Giarelli Matthew $405,000 Attorneys Ttl Guaranty Fund
Fogal Mary L -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giarelli Matthew $386,141
Previous Owner Fogal Mary Lou $57,000
Previous Owner Fogal Richard L $65,000
Previous Owner Fogal Richard L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $405,000 -4.7% $203 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $424,900 -- $213 / 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 $12,593 $46,000 $9,900 $36,100
2023 $12,128 $46,000 $9,900 $36,100
2022 $12,128 $46,000 $9,900 $36,100
2021 $8,577 $37,589 $5,445 $32,144
2020 $11,022 $37,589 $5,445 $32,144
2019 $7,704 $41,906 $5,445 $36,461
2018 $10,866 $44,106 $4,785 $39,321
2017 $8,328 $44,106 $4,785 $39,321
2016 $11,863 $44,106 $4,785 $39,321
2015 $10,131 $38,901 $4,125 $34,776
2014 $9,630 $38,901 $4,125 $34,776
2013 $9,611 $38,901 $4,125 $34,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11245401

Midwest Real Estate Data (MRED)

APN: 03-32-231-014-0000