NOT LISTED FOR SALE

505 E Berkshire Ln Mount Prospect, IL 60056

Estimated Value: $558,000 - $598,781

4 Beds
2.5 Baths
1,730 Sq Ft
$334/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $530,000 $306 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,055/month

2 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Play Room
  • Lions Park Elementary School Rated 10
  • Sun or Florida Room
  • 2-minute walk to Sunrise Park

About This Home

As of April 2023

This beautiful and spacious corner lot home is a must-see! Located in a fantastic neighborhood, this four-bedroom and 2.5 bathroom single-family home is perfect for anyone looking for a comfortable and updated living experience. With a spacious floor plan, you can enjoy plenty of natural light and ample living space to accommodate any lifestyle. Newly remodeled throughout, this home has beautiful engineered hardwood floors and a living room with a cozy fireplace. The kitchen boasts quartz countertops, stainless steel appliances, and built-ins that make cooking and entertaining easy and enjoyable. The entire family can enjoy the beautiful sunroom that overlooks the secluded and spacious backyard, perfect for barbecues or just relaxing after a busy day. This home is also in a prime location near parks, schools, and shopping, making everything you need easily accessible. With good-sized bedrooms, this house is perfect for families, couples, or anyone who loves to have a spacious home with comfortable living spaces.

Last Agent to Sell the Property

Grace Pawlikowski

Baird & Warner License #475125362 Listed on: 04/11/2023

Baird & Warner

Last Buyer's Agent

Michael Stangel

@properties Christie?s International Real Estate License #471010418

@properties Christie?s International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,250

Year Built

  • Built in 1960 | Remodeled in 2022

Lot Details

  • 0.33

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Split Level Home

Interior Spaces

  • 1,730 Sq Ft Home
  • Built-In Features
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Play Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near a park

Schools

  • Lions Park Elementary School
  • Lincoln Junior High School
  • Prospect High School

Utilities

  • Central Air
  • Baseboard Heating
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,250

Year Built

Built in 1960 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1960
  • 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): Yes
  • Rehab Year: 2022
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Built-in Features
  • LivingArea: 1730
  • Room Type: Play Room, Sun Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1730
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 479900
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lions Park Elementary School
  • High School: Prospect High School
  • Middle/Junior School: Lincoln Junior High School
  • Middle/Junior School District: 57

Lot Info

  • Lot Dimensions: 14562
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 7249.68
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
Apr 26, 2023
Sold by
Pfaller Sandra M and Spicer Daniel N
Bought by
Locascio Mark A and Lentine Megan Therese
Seller's Agent
Grace Pawlikowski
Baird & Warner
Buyer's Agent
Michael Stangel
@properties Christie?s International Real Estate
List Price
$479,900
Sold Price
$530,000
Premium/Discount to List
$50,100
10.44%
Views
33
Current Estimated Value
$578,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,195
Avg. Annual Appreciation
3.72%
Original Mortgage
$424,000
Outstanding Balance
$412,189
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$166,006

Purchase Details

Closed on
Oct 31, 2016
Sold by
Graef Viola E
Bought by
Graef Viola E and Viola E Graef Declaration Of Living Trus

Purchase Details

Closed on
Aug 13, 2003
Sold by
Graef Viola E
Bought by
Graef Viola E and Graef Real Estate Declaration Of 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
Locascio Mark A $530,000 None Listed On Document
Graef Viola E -- None Available
Graef Viola E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locascio Mark A $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $530,000 +10.4% $306 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $479,900 -- $277 / 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 $11,699 $42,000 $14,562 $27,438
2023 $9,417 $42,000 $14,562 $27,438
2022 $9,417 $42,000 $14,562 $27,438
2021 $7,849 $31,851 $9,465 $22,386
2020 $6,424 $31,851 $9,465 $22,386
2019 $6,571 $38,875 $9,465 $29,410
2018 $7,343 $36,096 $8,009 $28,087
2017 $7,234 $36,096 $8,009 $28,087
2016 $7,190 $36,096 $8,009 $28,087
2015 $8,263 $33,005 $6,552 $26,453
2014 $7,954 $33,005 $6,552 $26,453
2013 $8,136 $33,005 $6,552 $26,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11756403

Midwest Real Estate Data (MRED)

APN: 08-12-419-007-0000