Seller's Agent in 2024
Karen McCabe
Coldwell Banker Realty
(847) 372-5607
52 Total Sales
507 E Ridge Rd Arlington Heights, IL 60004
Estimated Value: $1,127,173 - $1,243,000
5
Beds
4
Baths
3,483
Sq Ft
$340/Sq Ft
Est. Value
Highlights
- Heated Floors
- Open Floorplan
- Community Lake
- Ivy Hill Elementary School Rated A-
- Landscaped Professionally
- Property is near a park
About This Home
As of May 2024Incredibly rare offering of an eight-year-old custom-built home on a .5 acre lot in Arlington Heights with School Districts 25 and 214! This home has your first floor, fifth bedroom and adjacent full bathroom ready for any guest to come for an extended stay! Built only eight years ago, this property boasts a minimum of 9' ceilings throughout, five en-suite bedrooms, and spectacular woodwork at every turn. Wainscoting, coffered ceilings, tray ceilings, and 8' baseboards...do not miss the trim work when you visit this home. You will enter through an impressive 9' solid front door into an airy front foyer. The formal living room makes a perfect first floor office or quiet reading room. Imagine spending your days lounging in the sun-drenched family room with all-day natural light coming form an 18' wall of south facing windows. The family room is the perfect spot to watch television or cozy up to the fire. Fully open to the gourmet kitchen, the cook is always part of the action. Sitting at the center of this dream kitchen is a large island with prep-sink and space for multiple stools. Custom white cabinetry, stainless appliances including a Viking stove and space-efficient microwave drawer, the kitchen also gives you two separate ovens, a large pantry cabinet, and breakfast nook for casual dining. Beautiful cabinetry continues in the mud room with storage galore, laundry facility, and cubbies for the whole family. Cold Chicago winters are no problem with heated floors throughout the basement and 3-car garage. A beautiful formal dining room rounds out the first floor. The second floor is home to four bedrooms and three full bathrooms. The master suite is an oasis of comfort with a gorgeous en-suite bath boasting a large walk-in shower, jetted soaking tub and his/hers separate vanities. Do not forget the 16' walk-in-closet! Two secondary bedrooms share a jack and jill bath, and both have walk in closets. One more bedroom with en-suite full bath completes the second floor. A full, deep-pour, unfinished basement awaits your dreams. With 9' ceilings, the space can welcome a gym, or whatever recreation needs you have. Sitting on nearly half an acre, the back yard is fully fenced with a 24x24 concrete patio, fire pit ready for friends and family to gather, and a hot tub pad fully wired and waiting for your hot tub. Not to be outdone by the back yard, the front offers a covered porch with exquisite workmanship on the beautiful wood ceiling. Located in the sought after Ivy Hill neighborhood, close to Ivy Hill Elementary, Camelot Park/Pool, Lake Arlington, shopping and main roads. The Village just started street resurfacing - please excuse the commotion and know that you will have a perfectly pristine Ridge Avenue when you move in!
Last Agent to Sell the Property
Coldwell Banker Realty License #471020482 Listed on: 05/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,203
Year Built
- Built in 2016
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 100x200
- Fenced Yard
- Landscaped Professionally
Parking
- 3 Car Attached Garage
- Heated Garage
- Driveway
- Parking Space is Owned
Interior Spaces
- 3,483 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Dry Bar
- Historic or Period Millwork
- Coffered Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Mud Room
- Entrance Foyer
- Family Room with Fireplace
- Breakfast Room
- Formal Dining Room
- Storage Room
Kitchen
- Double Oven
- Cooktop with Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Heated Floors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- In-Law or Guest Suite
- Bathroom on Main Level
- 4 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
- Sink Near Laundry
Unfinished Basement
- Basement Fills Entire Space Under The House
- 9 Foot Basement Ceiling Height
- Sump Pump
Home Security
- Home Security System
- Carbon Monoxide Detectors
Outdoor Features
- Patio
- Fire Pit
- Shed
Location
- Property is near a park
Schools
- Ivy Hill Elementary School
- Thomas Middle School
- Buffalo Grove High School
Utilities
- Zoned Heating and Cooling
- Humidifier
- Heating System Uses Natural Gas
- Multiple Water Heaters
Community Details
Overview
- Community Lake
Recreation
- Tennis Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
May 30, 2024
Sold by
Newman Robert D and Newman Judith L
Bought by
Gavrielov Shawn D
Seller's Agent
Karen McCabe
Coldwell Banker Realty
Buyer's Agent
Anthony Mehrabian
Baird & Warner
List Price
$1,050,000
Sold Price
$1,101,000
Premium/Discount to List
$51,000
4.86%
Views
1442
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,293
Avg. Annual Appreciation
5.25%
Original Mortgage
$300,000
Outstanding Balance
$295,571
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$887,722
Purchase Details
Closed on
Aug 24, 2015
Sold by
Brentwood Development Inc
Bought by
Newman Robert D and Newman Judith L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,800
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 23, 2010
Sold by
Grawe Vickie S
Bought by
Brentwood Development Inc
Purchase Details
Closed on
Mar 17, 2001
Sold by
Hanley Richard W and Hanley Darlene G
Bought by
Grawe Vicki S and Darlene G Hanley Revocable Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gavrielov Shawn D | $1,101,000 | None Listed On Document | |
| Newman Robert D | $375,000 | First American Title Ins Co | |
| Brentwood Development Inc | $150,000 | Fidelity National Title | |
| Grawe Vicki S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gavrielov Shawn D | $300,000 | |
| Previous Owner | Newman Robert D | $798,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $1,101,000 | +4.9% | $316 / Sq Ft |
| 05/07/2024 05/07/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | For Sale | $1,050,000 | -- | $301 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $24,091 | $88,000 | $10,000 | $78,000 |
| 2023 | $23,202 | $88,000 | $10,000 | $78,000 |
| 2022 | $23,202 | $88,000 | $10,000 | $78,000 |
| 2021 | $18,989 | $63,083 | $7,000 | $56,083 |
| 2020 | $18,498 | $63,083 | $7,000 | $56,083 |
| 2019 | $18,403 | $70,093 | $7,000 | $63,093 |
| 2018 | $17,060 | $58,462 | $6,000 | $52,462 |
| 2017 | $16,860 | $58,462 | $6,000 | $52,462 |
| 2016 | $15,724 | $58,462 | $6,000 | $52,462 |
| 2015 | $6,632 | $22,461 | $5,000 | $17,461 |
| 2014 | $6,438 | $22,461 | $5,000 | $17,461 |
| 2013 | $1,885 | $6,746 | $5,000 | $1,746 |
Source: Public Records
Agents Affiliated with this Home
-
Karen McCabe
-
Anthony Mehrabian
Buyer's Agent in 2024
Anthony Mehrabian
Baird Warner
(847) 830-0702
55 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12011898
APN: 03-17-107-006-0000
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