NOT LISTED FOR SALE

508 S Lincoln Ln Arlington Heights, IL 60005

Estimated Value: $615,000 - $673,000

3 Beds
3 Baths
1,956 Sq Ft
$331/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $425,000 $217 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,390/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Breakfast Bar
  • Prospect High School Rated A+
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

LOCATION * CHARM * OPPORTUNITY This adorable Scarsdale Tackett built home is ready to go PLUS some fresh updates. BRAND NEW FURNACE JUST INSTALLED (10/29/2020). The curb appeal sets the stage for this lovely home. The hardwood floors have just been refinished and they are GORGEOUS. Living room is light and bright with freshly painted wall, cozy fireplace and abundant windows. Addition overlooks manicured backyard and paver patio. Make the kitchen your own: kitchen cabs have been refreshed, updated counters, and offers cozy eating area. True master bedroom suite with private bath. Bedrooms are freshly painted. Rec room in basement great for game night. Peace of mind will be yours - GENERATOR - sump pump and battery back up. Neighborhood park is just up the block. Award winning schools (Dryden/South Middle/Prospect) and of course blocks from downtown Arlington Heights. Metra, dining, theater, shopping .... Come see why Scarsdale is a premier neighborhood - you will love it!

Last Agent to Sell the Property

Susan Duchek

Picket Fence Realty License #471003751 Listed on: 01/14/2021

Last Buyer's Agent

Anne Coniglione

HomeSmart Connect LLC License #475127011

HomeSmart Connect LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,727

Year Built

  • 1953

Lot Details

  • East or West Exposure

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • Primary Bathroom is a Full Bathroom
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Utilities

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

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,727

Year Built

1953

Lot Details

0

Parking

1

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 61-70 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1953
  • Tax Exemptions: Homeowner, Senior
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 14X29, On Level: Main Level, Flooring: Hardwood
  • Appliances: Microwave, Oven/Range, Dishwasher, Refrigerator
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: COMBO, On Level: Main Level
  • Kitchen Type: Dimensions: 8X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Table Space
  • Additional Rooms: Recreation Room
  • Master Bedroom: Dimensions: 14X14, On Level: 2nd Level, Flooring: Hardwood
  • Additional Room 1 Name: Recreation Rm, Dimensions: 17X16, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 10X13, On Level: 2nd Level, Flooring: Hardwood
  • Bedroom 3: Dimensions: 16X11, On Level: 2nd Level, Flooring: Hardwood
  • Estimated Sq Ft: 1956
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exposure: E (East)
  • Acreage: 0.1515

Garage/Parking

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

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 214
  • Elementary School: Dryden Elementary School
  • Middle School: South Middle School
  • High School: Prospect High School
  • Junior High Dist: 25

Lot Info

  • Lot Dimensions: 50X132
  • Parcel Identification Number: 03322310150000

Tax Info

  • Taxes: 9344.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
Mar 15, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Durkacz John and Clifford Brianne
Seller's Agent
Susan Duchek
Picket Fence Realty
Buyer's Agent
Anne Coniglione
HomeSmart Connect LLC
List Price
$424,500
Sold Price
$425,000
Premium/Discount to List
$500
0.12%
Current Estimated Value
$646,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,734
Avg. Annual Appreciation
8.97%
Original Mortgage
$403,275
Outstanding Balance
$364,319
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$260,193

Purchase Details

Closed on
Sep 12, 2017
Sold by
Hansen Joan
Bought by
Chicago Title Land Trust Co and Trust Number 8002375656

Purchase Details

Closed on
Dec 14, 2009
Sold by
Hansen George O and Hansen Joan S
Bought by
Hansen Joan and The Joan Hansen Revocable 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
Durkacz John $424,500 Chicago Title
Chicago Title Land Trust Co -- Chicago Title Land Trust Com
Hansen Joan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durkacz John $403,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $425,000 +0.1% $217 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $424,500 -- $217 / 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 $10,727 $42,500 $9,900 $32,600
2023 $10,304 $42,500 $9,900 $32,600
2022 $10,304 $42,500 $9,900 $32,600
2021 $10,513 $34,925 $5,445 $29,480
2020 $10,985 $37,460 $5,445 $32,015
2019 $9,344 $41,762 $5,445 $36,317
2018 $10,163 $41,010 $4,785 $36,225
2017 $10,075 $41,010 $4,785 $36,225
2016 $9,879 $41,010 $4,785 $36,225
2015 $10,436 $39,842 $4,125 $35,717
2014 $10,158 $39,842 $4,125 $35,717
2013 $9,874 $39,842 $4,125 $35,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10970969

Midwest Real Estate Data (MRED)

APN: 03-32-231-015-0000