$400,000
PENDING

506 E Valley Ln Arlington Heights, IL 60004

Estimated payment $2,831/month

Total Views 2,786
3 Beds
1.5 Baths
1,287 Sq Ft
$311 Price per Sq Ft

Highlights

  • Wood Flooring
  • Corner Lot
  • Formal Dining Room
  • Ivy Hill Elementary School Rated A-
  • Den
  • Double Oven

About This Home

Buyer got cold feet- their loss is your gain- come and grab this home before it's gone. This tri-level home is a true diamond in the rough, ready for your vision and personal touch to make it shine again. With its solid layout and sought-after location, this is the perfect opportunity to create the home you've always imagined. Bring your ideas and make an offer today before it's gone. Home will not qualify for FHA financing. Being sold as is, estate sale.

Listing Agent

Erin Weber

RE/MAX Plaza License #475132791 Listed on: 07/30/2025

RE/MAX Plaza

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1967

Lot Details

  • Lot Dimensions are 97x88x96x115
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

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

Interior Spaces

  • 1,287 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den

Kitchen

  • Double Oven
  • Cooktop

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

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

Community Details

  • Knob Hill Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,400

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • Levels: Tri-Level
  • New Construction: No
  • Property Sub-Type: Split Level
  • Subdivision Name: Knob Hill
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: UnderContract
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Washer, Dryer, Cooktop
  • Basement: Finished, Crawl Space, Exterior Entry, Rec/Family Area, Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • LivingArea: 1287
  • Room Type: Den, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1287
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 400000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 214

Lot Info

  • Lot Dimensions: 97x88x96x115
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8400
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,400 $34,000 $10,888 $23,112
2023 $8,062 $34,000 $10,888 $23,112
2022 $8,062 $34,000 $10,888 $23,112
2021 $8,668 $32,124 $6,186 $25,938
2020 $8,510 $32,124 $6,186 $25,938
2019 $8,503 $35,813 $6,186 $29,627
2018 $7,963 $30,723 $5,443 $25,280
2017 $7,887 $30,723 $5,443 $25,280
2016 $7,592 $30,723 $5,443 $25,280
2015 $7,128 $26,765 $4,701 $22,064
2014 $6,936 $26,765 $4,701 $22,064
2013 $6,744 $26,765 $4,701 $22,064
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Pending -- -- --
08/08/2025 08/08/25 For Sale $400,000 0.0% $311 / Sq Ft
08/02/2025 08/02/25 Pending -- -- --
07/30/2025 07/30/25 For Sale $400,000 -- $311 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- --
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12433396

Midwest Real Estate Data (MRED)

APN: 03-17-305-024-0000