NOT LISTED FOR SALE

509 N Gibbons Ave Arlington Heights, IL 60004

Estimated Value: $1,049,000 - $1,199,000

0.23 Acre
$4,922,991 Price per Acre
10,019 Sq Ft Lot

Last Sold June 14, 2016

Last sale price $238,000 $76 Per Sq Ft

Est. 376% increase in value since last sale

Current estimated payment $8,333/month

696 Days on Market

About This Lot

As of June 2016

Location and Price make this lot your perfect choice to build your dream home. There are a total of 6 lots that are for sale. There are utilities at the lot lines. Lots are adjacent to the 1st United Methodist Church. Close to the hustle and bustle of Downtown Arlington Heights but far away enough for peace and quiet. PROSPECT high school. Drive by or call us today for more information!

Last Agent to Sell the Property

Basel Tarabein

RE/MAX At Home License #471008459 Listed on: 02/14/2014

Last Buyer's Agent

Basel Tarabein

RE/MAX At Home License #471008459 Listed on: 02/14/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,729

Year Built

  • 2017

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$23,729

Year Built

2017

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Platted
  • Potential Use: Residential-Single Family
  • Total Listed Lots Avail: 6
  • Utilities To Site: Gas Nearby, Water-Nearby
  • Zoning Type: SINGL
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2017

Interior Features

  • Land Description: Level
  • Road Surface: Asphalt

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Frontage Access: City Street
  • Front Footage: 80

Schools

  • School District: 214
  • Elementary School: WINDSOR ELEMENTARY SCHOOL
  • Middle School: SOUTH MIDDLE SCHOOL
  • High School: PROSPECT HIGH SCHOOL
  • Junior High Dist: 25

Lot Info

  • Lot Dimensions: 80 X 125
  • Estimated Land Sq Ft: 10000
  • Parcel Identification Number: 03283010000000

Tax Info

  • Taxes: NEW

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2017
Sold by
Drh Cambridge Homes Inc
Bought by
Hamlin Matthew and Hamlin Helen
Total Days on Market
696
Current Estimated Value
$1,132,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$199,220
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$913,449

Purchase Details

Listed on
Feb 14, 2014
Closed on
Jun 14, 2016
Sold by
First United Methodist Church
Bought by
Drhi Cambridge Homes Inc
Seller's Agent
Basel Tarabein
RE/MAX At Home
Buyer's Agent
Basel Tarabein
RE/MAX At Home
List Price
$310,000
Sold Price
$238,000
Premium/Discount to List
-$72,000
-23.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.76%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Hamlin Matthew $757,500 First American Title
Drhi Cambridge Homes Inc $929,500 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamlin Matthew $370,000
Previous Owner First United Methodist Church Of Arlingt $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $238,000 -23.2% $76 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
02/14/2014 02/14/14 For Sale $310,000 -- $99 / 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 $23,729 $90,000 $10,003 $79,997
2023 $23,729 $90,000 $10,003 $79,997
2022 $23,729 $90,000 $10,003 $79,997
2021 $19,857 $65,965 $5,751 $60,214
2020 $19,343 $65,965 $5,751 $60,214
2019 $19,308 $73,540 $5,751 $67,789
2018 $20,894 $71,598 $5,501 $66,097
2017 $9,516 $32,997 $5,501 $27,496
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Basel Tarabein

    Seller's Agent in 2016

    Basel Tarabein

    RE/MAX

    (847) 828-2243

    353 Total Sales

    Basel Tarabein
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08537536

Midwest Real Estate Data (MRED)

APN: 03-28-301-018-0000

Illinois Cook County Arlington Heights 60004

509 N Gibbons Ave, Arlington Heights, IL

This home is located at 509 N Gibbons Ave, Arlington Heights, IL 60004 since 14 February 2014 and is currently estimated at $1,132,288, approximately $363 per square foot. This property was built in 2017. 509 N Gibbons Ave is a home located in Cook County with nearby schools including Windsor Elementary School, South Middle School, and Prospect High School.

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.

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