NOT LISTED FOR SALE

506 Westchester Rd Unit 506 Schaumburg, IL 60193

South Schaumburg Neighborhood

Estimated Value: $241,895 - $288,000

2 Beds
1 Bath
1,100 Sq Ft
$168/mo HOA Fee

Last Sold March 06, 2023

Last sale price $220,000 $200 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,821/month

1 Day on Market

Highlights

  • Balcony
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Michael Collins Elementary School Rated A-
  • Living Room
  • Dining Room

About This Home

As of March 2023

Welcome Home! This cozy, two-bedroom end-unit condo with your own private entrance and attached garage is located in the highly desirable Schaumburg School District 54/211. Features include in-unit laundry, a spacious master bedroom with a walk-in closet and a relaxing balcony. New windows in 2017, New A/C and Furnace in 2022. Unit can also be rented out as an investment property.

Last Agent to Sell the Property

Michael Leone

Advantage Realty Group License #475176062 Listed on: 02/02/2023

Last Buyer's Agent

Cesar Galvez

Smart Home Realty License #475172075

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,912

Year Built

  • Built in 1979

Lot Details

  • 1.58

HOA Fees

  • $168 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Included in Price

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Schools

  • Michael Collins Elementary Schoo
  • Robert Frost Junior High School
  • J B Conant High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Daniel Kowalski Association, Phone Number (773) 501-4444
  • Property managed by Village of Summit Place

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,912

Year Built

Built in 1979

Lot Details

0

HOA Fees

$168 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Quad-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Quad-2 Story
  • Year Built: 1979
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: L
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1100
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 214990
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

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

Utilities

  • Sewer: Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 168
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Self-Management
  • Master Association Fee Frequency: Not Required
  • Management Company: Village of Summit Place
  • Management Contact Name: Daniel Kowalski
  • Management Phone: 773-501-4444
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Michael Collins Elementary Schoo
  • High School: J B Conant High School
  • Middle/Junior School: Robert Frost Junior High School
  • Middle/Junior School District: 54

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 0

Tax Info

  • Tax Annual Amount: 2912.32
  • Tax Year: 2021

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2015
Closed on
Nov 19, 2015
Sold by
Vieu Nathan S and Vieu Amanda M
Bought by
Wilberschied James and Nunez Jennifer
Seller's Agent
Cindy Bowen
REMAX Legends
Buyer's Agent
Stacey Harris
Brokerocity Inc
List Price
$139,900
Sold Price
$133,000
Premium/Discount to List
-$6,900
-4.93%
Total Days on Market
1
Current Estimated Value
$257,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,974
Avg. Annual Appreciation
7.19%
Original Mortgage
$106,400
Outstanding Balance
$87,250
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$170,724

Purchase Details

Closed on
Jul 12, 2013
Sold by
Fannie Mae
Bought by
Vieu Nathan S and Vieu Amanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,188
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2013
Sold by
Rodriguez
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 26, 2007
Sold by
Morgan Kevin E
Bought by
Rodriguez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.33%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 3, 1995
Sold by
Bulmahn Frederick W and Bulmahn Jeannie L
Bought by
Morgan Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,100
Interest Rate
8.79%
Source: Public Records

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Range of Values:

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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
Wilberschied James $133,000 First American Title
Vieu Nathan S $100,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Rodriguez Eduardo $166,500 Premier Title
Morgan Kevin E $89,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilberschied James $106,400
Closed Wilberschied James $7,500
Previous Owner Vieu Nathan S $98,188
Previous Owner Rodriguez Eduardo $166,500
Previous Owner Morgan Kevin E $58,000
Previous Owner Morgan Kevin E $80,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2023 03/06/23 Sold $220,000 +2.3% $200 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $214,990 +61.6% $195 / Sq Ft
11/19/2015 11/19/15 Sold $133,000 -4.9% $121 / Sq Ft
09/20/2015 09/20/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $139,900 -- $127 / 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 $3,411 $15,981 $3,440 $12,541
2023 $3,411 $15,981 $3,440 $12,541
2022 $3,411 $15,981 $3,440 $12,541
2021 $2,912 $12,939 $1,876 $11,063
2020 $2,930 $12,939 $1,876 $11,063
2019 $2,934 $14,377 $1,876 $12,501
2018 $2,416 $11,487 $1,563 $9,924
2017 $2,396 $11,487 $1,563 $9,924
2016 $2,483 $11,487 $1,563 $9,924
2015 $2,304 $10,325 $1,407 $8,918
2014 $3,055 $10,325 $1,407 $8,918
2013 $2,977 $10,325 $1,407 $8,918
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11711509

Midwest Real Estate Data (MRED)

APN: 07-26-307-025-1016