516 N Prospect Ave Park Ridge, IL 60068
Estimated payment $10,889/month
Total Views
714
5
Beds
5.5
Baths
7,000
Sq Ft
$229
Price per Sq Ft
Highlights
- Very Popular Property
- Landscaped Professionally
- French Provincial Architecture
- Eugene Field Elementary School Rated A-
- Clubhouse
- 3-minute walk to Morgan Park
About This Home
Just steps to the Country Club and a couple of blocks to Field school. The owners transferred and with three little ones they used the Prospect Splash Pad and Park far more than the courts or the course. Nearly 7000 ft.2 of living space boasting every amenity: an en suite and guest suites, but also a private true elegant office with an exterior entrance for serious business(or convert to a first floor in law?) The second staircase leads directly to the full butler's pantry, which is joined by both the formal dining area and the gourmet kitchen. There's an exercise room with steam shower and a dry sauna, a large rec room and a wine cellar. Enjoy three gas start/wood burning fireplaces these upcoming 3 seasons. There's a one car attached garage for comfort and ease, and a two car detached for motor toys, both adult and child. YOUR TOP PRIORITY, YOUR TOP CHOICE: these luxury standards and this size! There's an extra EXPRESSIONS sheet in the MLS drop down additional information tab with many details.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,055
Year Built
- Built in 2001
Lot Details
- 0.25 Acre Lot
- Landscaped Professionally
- Paved or Partially Paved Lot
Parking
- 3 Car Garage
- Driveway
- Parking Included in Price
Home Design
- French Provincial Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,000 Sq Ft Home
- 2-Story Property
- Built-In Features
- Bookcases
- Bar
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Window Screens
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Breakfast Room
- Formal Dining Room
- Home Office
- Recreation Room
- Home Gym
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Potential Bedrooms
- Walk-In Closet
- Steam Shower
Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Finished Basement Bathroom
Schools
- Eugene Field Elementary School
- Emerson Middle School
- Maine South High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Patio
- Property is near a park
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Community Pool
Map
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Home Values in the Area
Average Home Value in this Area
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 | $26,055 | $96,000 | $19,800 | $76,200 |
| 2023 | $24,966 | $96,000 | $19,800 | $76,200 |
| 2022 | $24,966 | $96,000 | $19,800 | $76,200 |
| 2021 | $30,514 | $103,658 | $9,900 | $93,758 |
| 2020 | $29,370 | $103,658 | $9,900 | $93,758 |
| 2019 | $28,795 | $113,910 | $9,900 | $104,010 |
| 2018 | $25,583 | $92,832 | $8,525 | $84,307 |
| 2017 | $25,491 | $92,832 | $8,525 | $84,307 |
| 2016 | $24,786 | $92,832 | $8,525 | $84,307 |
| 2015 | $25,762 | $86,150 | $7,150 | $79,000 |
| 2014 | $25,270 | $86,150 | $7,150 | $79,000 |
| 2013 | $23,919 | $86,150 | $7,150 | $79,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $1,600,000 | +23.1% | $229 / Sq Ft |
| 11/22/2021 11/22/21 | Sold | $1,300,000 | -3.7% | $186 / Sq Ft |
| 11/04/2021 11/04/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $1,350,000 | -- | $193 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,300,000 | Premier Title | |
| Warranty Deed | $900,500 | Premier Title | |
| Interfamily Deed Transfer | -- | Ravenswood Title Company Llc | |
| Deed | $900,000 | Premier Title | |
| Quit Claim Deed | -- | -- | |
| Executors Deed | $530,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $417,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,402,000 | Unknown | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,360,000 | Unknown | |
| Previous Owner | $1,440,000 | Construction | |
| Previous Owner | $848,000 | No Value Available |
Source: Public Records
Similar Homes in Park Ridge, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12452619
APN: 09-26-406-054-0000
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