NOT LISTED FOR SALE

505 2nd St Grayslake, IL 60030

Estimated Value: $290,000 - $306,660

3 Beds
1.5 Baths
1,200 Sq Ft
$249/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $271,500 $226 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,106/month

6 Days on Market

Highlights

  • Mature Trees
  • Wood Flooring
  • Breakfast Bar
  • Grayslake Central High School Rated A
  • Fenced Yard
  • Living Room

About This Home

As of June 2023

***Multiple offers received calling for highest and best by Sunday 5/21 by 5pm*** Great opportunity to own a home, in a great neighborhood , in a great location at a great price!! All freshened up and ready for you to put your own personal finishes on it. Fresh Paint & Polished HW Floors! Good amount of living spaces along with a generous fenced yard w/mature trees surrounding it all. Please note there is NO garage, but there is plenty of space for one to be added! Close proximity to schools, town & train! Come enjoy a visit today! Estate Sale/Sold "As-Is". NO FHA

Last Agent to Sell the Property

Nano Engdahl

Baird & Warner License #475130315 Listed on: 05/15/2023

Baird & Warner

Last Buyer's Agent

Martha Pedersen

@properties Christie's International Real Estate License #475160899

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,704

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 89 x 85 x 89 x 85
  • Fenced Yard
  • Mature Trees
  • Wooded Lot

Home Design

  • Split Level Home
  • Tri-Level Property
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,200 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Storm Screens

Kitchen

  • Breakfast Bar
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Parking

  • Gravel Driveway
  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Schools

  • Woodview Elementary School
  • Frederick Middle School
  • Grayslake Central High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,704

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1200
  • Room Type: Eating Area
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Partially Finished,Crawl,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 260000
  • Lot Features: Fenced Yard, Wooded, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Parking Features: Driveway
  • Number of Cars: 0
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Woodview School
  • High School: Grayslake Central High School
  • Middle/Junior School: Frederick School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 89 X 85 X 89 X 85
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3703.92
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jun 19, 2023
Sold by
Babuta Sue
Bought by
Tobin Erinn Brittany
Seller's Agent
Nano Engdahl
Baird & Warner
Buyer's Agent
Martha Pedersen
@properties Christie's International Real Estate
List Price
$260,000
Sold Price
$271,500
Premium/Discount to List
$11,500
4.42%
Views
135
Current Estimated Value
$299,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,665
Avg. Annual Appreciation
4.22%
Original Mortgage
$244,350
Outstanding Balance
$238,380
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$60,785
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
Tobin Erinn Brittany $271,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tobin Erinn Brittany $244,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2023 06/22/23 Sold $271,500 +4.4% $226 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $260,000 -- $217 / 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 $6,439 $77,078 $24,266 $52,812
2023 $3,704 $70,740 $22,271 $48,469
2022 $3,704 $68,968 $9,457 $59,511
2021 $6,838 $66,290 $9,090 $57,200
2020 $4,027 $63,073 $8,649 $54,424
2019 $4,008 $60,513 $8,298 $52,215
2018 $5,189 $57,330 $15,649 $41,681
2017 $4,289 $53,927 $14,720 $39,207
2016 $4,489 $49,780 $13,588 $36,192
2015 $4,826 $45,478 $12,414 $33,064
2014 $4,985 $43,641 $10,599 $33,042
2012 $4,236 $45,578 $11,069 $34,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11748699

Midwest Real Estate Data (MRED)

APN: 06-27-202-004