NOT LISTED FOR SALE

505 E Mayfair Rd Arlington Heights, IL 60005

Estimated Value: $638,881 - $765,000

3 Beds
2 Baths
1,958 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2016

Last sale price $495,000 $253 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,830 / mo

9 Days on Market

Highlights

  • Wood Burning Stove
  • Wood Flooring
  • Stainless Steel Appliances
  • Prospect High School Rated A+
  • Den
  • Attached Garage

About This Home

As of August 2016

Rare Opportunity! Spectacular Immaculate Brick Georgian in the heart of prestigious Scarsdale,Open and bright floorplan,2 fireplaces,Hardwood floors,Stunning updated kitchen w/ solid surface countertops and Stainless Appliances,Spacious bedrooms,Newer furnace, backyard with brick patio.Prime location close to downtown Arlington, and train!

Last Agent to Sell the Property

Paul Paterakis

RE/MAX Plaza License #475100932 Listed on: 06/29/2016

RE/MAX Plaza

Last Buyer's Agent

Jen Ortman

Berkshire Hathaway HomeServices Starck Real Estate License #471009586

Berkshire Hathaway HomeServices Starck Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 1943

Lot Details

  • 6,098

Parking

  • Attached Garage
  • Driveway
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Wood Burning Stove
  • Gas Log Fireplace
  • Den
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Year Built

1943

Lot Details

6,098 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train
  • Age: 71-80 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 1943
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1943

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 8
  • Living Room: Dimensions: 22X13, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Disposal, All Stainless Steel Kitchen Appliances
  • Equipment: Humidifier
  • Fireplace Details: Wood Burning Stove, Gas Logs
  • Fireplace Location: Family Room, Basement
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 15X15, On Level: Basement, Flooring: Other
  • Dining Room: Dimensions: 13X13, On Level: Main Level, Flooring: Slate
  • Kitchen Type: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Den
  • Master Bedroom: Dimensions: 15X15, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Den, Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Bedroom 2: Dimensions: 16X11, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 12X12, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 1958
  • Dining Room Type: Separate
  • Family Room: Dimensions: 22X19, On Level: Basement, Flooring: Carpet

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Aluminum Siding, Brick
  • Exterior Property Features: Brick Paver Patio
  • Acreage: 0.1427

Garage/Parking

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

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • Junior High Dist: 25

Lot Info

  • Lot Dimensions: 50X130X44X
  • Parcel Identification Number: 03321360080000

Tax Info

  • Taxes: 9424.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2016
Closed on
Aug 15, 2016
Sold by
Sparks Nancy S
Bought by
Hanson Thomas and Valassis Patricia
Seller's Agent
Paul Paterakis
RE/MAX Plaza
Buyer's Agent
Jen Ortman
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$499,950
Sold Price
$495,000
Premium/Discount to List
-$4,950
-0.99%
Current Estimated Value
$723,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,970
Avg. Annual Appreciation
4.04%
Original Mortgage
$417,000
Outstanding Balance
$331,528
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$392,442

Purchase Details

Closed on
Sep 22, 2004
Sold by
Terry Andrew and Terry Mary Katherine
Bought by
Sparks Nancy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
5.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 2003
Sold by
Eckhardt Thomas D
Bought by
Terry Andrew and Terry Mary Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2002
Sold by
Grundberg Arthur J
Bought by
Eckhardt Thomas D

Purchase Details

Closed on
Feb 1, 1994
Sold by
Grundberg Arthur J and Grundberg Ruth B
Bought by
Grundberg Ruth B

Purchase Details

Closed on
Oct 4, 1993
Sold by
Grundberg Ruth B
Bought by
Grundberg Arthur J and Grundberg Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 23, 1993
Sold by
Grundberg Arthur J and Grundberg Ruth B
Bought by
Grundberg Ruth B and Ruth B Grundberg Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Hanson Thomas $495,000 First American Title
Sparks Nancy S $555,000 Usw
Terry Andrew $407,000 --
Eckhardt Thomas D $370,000 --
Grundberg Ruth B -- --
Grundberg Arthur J -- --
Grundberg Ruth B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Thomas $417,000
Previous Owner Sparks Nancy S $444,000
Previous Owner Terry Andrew $322,700
Previous Owner Grundberg Arthur J $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2016 08/22/16 Sold $495,000 -1.0% $253 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $499,950 -- $255 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $11,594 $59,000 $9,949 $49,051
2024 $11,594 $45,667 $9,327 $36,340
2023 $11,350 $45,667 $9,327 $36,340
2022 $11,350 $46,471 $9,327 $37,144
2021 $9,465 $34,774 $5,129 $29,645
2020 $9,287 $34,774 $5,129 $29,645
2019 $9,278 $38,767 $5,129 $33,638
2018 $10,072 $37,951 $4,508 $33,443
2017 $10,457 $39,635 $4,508 $35,127
2016 $9,989 $39,635 $4,508 $35,127
2015 $9,692 $35,447 $3,886 $31,561
2014 $9,425 $35,447 $3,886 $31,561
2013 $9,170 $35,447 $3,886 $31,561
Source: Public Records

Agents Affiliated with this Home

  • Paul Paterakis

    Seller's Agent in 2016

    Paul Paterakis

    RE/MAX Plaza

    (847) 596-6100

    42 Total Sales

    Paul Paterakis
    Section Image
  • Jen Ortman

    Buyer's Agent in 2016

    Jen Ortman

    Berkshire Hathaway HomeServices Starck Real Estate

    (847) 660-0864

    255 Total Sales

    Jen Ortman
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09272380

Midwest Real Estate Data (MRED)

APN: 03-32-136-008-0000

Illinois Cook County Arlington Heights 60005

505 E Mayfair Rd, Arlington Heights, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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