NOT LISTED FOR SALE

523 N Merrill St Park Ridge, IL 60068

Estimated Value: $704,000 - $789,000

2 Beds
2 Baths
2,500 Sq Ft
$299/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $558,000 $223 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,030/month

52 Days on Market

Highlights

  • Landscaped Professionally
  • Recreation Room
  • Main Floor Bedroom
  • Eugene Field Elementary School Rated A-
  • Wood Flooring
  • Double Oven

About This Home

As of July 2020

One of a kind, extraordinary, Country Club area gem for today's lifestyle, restored inside and out. Circa 1926 stucco Spanish/Mediterranean ranch featuring distinctive architecture, craftsmanship and character throughout. Everything has been restored, replaced, updated. The Spanish (metal) clay tile roof, gutters, chimney, water service upgrade, drain tiles/sump pump/backup battery, waterproofing, copper plumbing, electrical, high efficiency boiler, hot water heater, thermostat, air conditioner, metal porch railings, metal mailbox, cement porches/walkways, windows, stripped and stained woodwork, refinished hardwood floors, stone floors, french doors, storm doors, gas log for fireplace, cherry wood cabinet kitchen, black granite counters and stainless steel french door fridge, dishwasher, sink, cook top, micro, double oven and custom breakfast nook, flooring is marble and granite combo. PLUS a totally re-done LL in the English basement with big windows, carpeted floors, stone tiled floors, family room, custom wet bar with granite counter top, beverage fridge, stove, custom wine closet, gorgeous bathroom, laundry room, walk in closet across from the washer & dryer & built in ironing center. Bonus room for storage, office, or guest bedroom. Walk out from LL to yard featuring a flagstone patio; newer 2 car garage built in 2005. It is impossible to list everything here that has been done. Some of the restored/cherished features of this home: leaded glass windows, built in bookcases, the LR hearth, interior (solid wood) doors, baseboards, moldings, main level bathroom wall subway tile and floor tile, bathroom light fixtures, glass door knobs. What do you think it would cost to rebuild this home today?

Last Agent to Sell the Property

Maija Zaimins

Weichert, Realtors - All Pro License #471011123 Listed on: 05/05/2020

Weichert, Realtors - All Pro

Last Buyer's Agent

Danny McGovern

RE/MAX Properties Northwest License #475139477

RE/MAX Properties Northwest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,765

Year Built | Renovated

  • 1926 | 2010

Lot Details

  • East or West Exposure
  • Landscaped Professionally

Parking

  • Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Side Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Metal Roof
  • Stucco Exterior

Interior Spaces

  • Wet Bar
  • Built-In Features
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room Downstairs
  • Dining Area
  • Recreation Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Finished Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Air
  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,765

Year Built | Renovated

1926 | 2010

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 2
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Rehab Year: 2010
  • Square Footage Comments: 1406 main level, per assessor does not reflect high quality fully finished LL English basement with walkout.
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1406
  • Type Detached: 1 Story
  • Estimated Year Built: 1926
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 2520
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926
  • Year Renovated: 2010

Interior Features

  • Interior Property Features: Bar-Wet, Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • Number Of Rooms: 10
  • Living Room: Dimensions: 21X13, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Appliances: Oven-Double, Microwave, Dishwasher, Refrigerator, Disposal, All Stainless Steel Kitchen Appliances, Cooktop
  • Fireplace Details: Gas Logs, Gas Starter
  • Fireplace Location: Living Room
  • Basement: Finished, Exterior Access
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Laundry: Dimensions: 8X7, On Level: Lower, Flooring: Stone, Windows: None
  • Dining Room: Dimensions: 15X13, On Level: Main Level, Flooring: Hardwood, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 15X9, On Level: Main Level, Flooring: Granite, Windows: Shades
  • Kitchen Type: Eating Area-Table Space, Galley
  • Additional Rooms: Eating Area, Bonus, Recreation Room, Foyer, Walk In Closet, Family Room - Down
  • Master Bedroom: Dimensions: 16X11, On Level: Main Level, Flooring: Hardwood, Windows: Shades
  • Additional Room 1 Name: Eating Area, Dimensions: 6X9, On Level: Main Level, Flooring: Granite, Windows: Shades
  • Additional Room 2 Name: Bonus, Dimensions: 11X9, On Level: Lower, Flooring: Stone, Windows: None
  • Bedroom 2: Dimensions: 12X11, On Level: Main Level, Flooring: Hardwood, Windows: Shades
  • Additional Room 3 Name: Recreation Rm, Dimensions: 22X13, On Level: Lower, Flooring: Carpet, Windows: None
  • Additional Room 4 Name: Foyer, Dimensions: 6X5, On Level: Main Level, Flooring: Stone, Windows: None
  • Additional Room 5 Name: Walk in Closet, Dimensions: 7X4, On Level: Lower, Flooring: Stone, Windows: None
  • Additional Room 6 Name: Bar, Dimensions: 11X8, On Level: Lower, Windows: None
  • Additional Room 7 Name: Family Room - Down, Dimensions: 26X11, On Level: Lower, Flooring: Carpet, Windows: None
  • Estimated Sq Ft: 2500
  • Estimated Total Finished Sq Ft: 2520
  • Basement Sq Ft: 1114
  • Basement Finished Sq Ft: 1114
  • Main Level Sq Ft: 1406
  • Dining Room Type: Separate
  • Family Room: Dimensions: 14X9, On Level: Lower, Flooring: Carpet, Windows: None

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Stucco
  • Roof Type: Metal
  • Exterior Property Features: Patio, Porch
  • Exposure: W (West)
  • Acreage: 0.1561

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete, Side Drive
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers, 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Hot Water/Steam, Baseboard, Radiators

Schools

  • School District: 207
  • Elementary School: Eugene Field Elementary School
  • Middle School: Emerson Middle School
  • High School: Maine South High School
  • Junior High Dist: 64

Lot Info

  • Lot Dimensions: 50X135
  • Lot Description: Landscaped Professionally
  • Parcel Identification Number: 09253030030000
  • Zero Lot Line: No

Tax Info

  • Taxes: 8069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Jul 28, 2020
Sold by
Reda Natalie C
Bought by
Schuepfer Therese
Seller's Agent
Maija Zaimins
Weichert, Realtors - All Pro
Buyer's Agent
Danny McGovern
RE/MAX Properties Northwest
List Price
$580,000
Sold Price
$558,000
Premium/Discount to List
-$22,000
-3.79%
Current Estimated Value
$748,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,009
Avg. Annual Appreciation
5.82%
Original Mortgage
$358,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2005
Sold by
Lasalle Bank Na
Bought by
Reda Natalie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 24, 1997
Sold by
Olson Harold W and Olson Elaine M
Bought by
American National Bk & Tr Co Of Chicago and Trust #60019403
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
Schuepfer Therese $558,000 Near North National Title
Reda Natalie C $469,000 Cti
American National Bk & Tr Co Of Chicago -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schuepfer Therese $358,000
Previous Owner Reda Natalie C $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $558,000 -3.8% $223 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $580,000 -- $232 / 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 $12,765 $53,000 $12,240 $40,760
2023 $12,182 $53,000 $12,240 $40,760
2022 $12,182 $53,000 $12,240 $40,760
2021 $10,307 $33,888 $6,120 $27,768
2020 $8,992 $33,888 $6,120 $27,768
2019 $8,812 $37,240 $6,120 $31,120
2018 $8,069 $31,633 $5,270 $26,363
2017 $8,052 $31,633 $5,270 $26,363
2016 $8,901 $34,937 $5,270 $29,667
2015 $8,781 $31,092 $4,420 $26,672
2014 $8,624 $31,092 $4,420 $26,672
2013 $8,151 $31,092 $4,420 $26,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10707439

Midwest Real Estate Data (MRED)

APN: 09-25-303-003-0000