NOT LISTED FOR SALE

530 Tracy Terrace Des Plaines, IL 60016

Estimated Value: $479,000 - $586,000

4 Beds
2.5 Baths
2,290 Sq Ft
$226/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $405,000 $177 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,501/month

3 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Walk-In Closet
  • Cumberland Elementary School Rated A
  • 2 Car Attached Garage
  • Patio

About This Home

As of September 2023

EXCELLENT OPPORTUNITY ON THIS 2 STORY COLONIAL WITH ATTACHED 2-CAR GARAGE! TURN THIS PROPERTY INTO YOUR DREAM HOME WITH SOME SWEAT EQUITY! GREAT FLOORPLAN WITH 2290SF ON 2 LEVELS & FULL UNFINISHED BASEMENT WITH GREAT POTENTIAL FOR ADDED LIVING SPACE! AT THE UPPER LEVEL YOU'LL FIND FOUR BEDROOMS AND 2 BATHS. THE MASTER SUITE IS AMAZING WITH HIS/HER CLOSETS AND SPACE FOR AN OFFICE, NURSERY OR SITTING AREA. THE MAIN LEVEL CONSISTS OF LIVING ROOM WITH HARDWOOD FLOORS, SEPARATE DINING, GENEROUS KITCHEN WITH TABLE SPACE AND A PANTRY CLOSET, LAUNDRY ROOM, FAMILY ROOM WITH A FIREPLACE AND CENTRALLY LOCATED POWDER ROOM. THE LOWER LEVEL IS UNFINISHED WITH EXCELLENT POTENTIAL TO CUSTOMIZE TO YOUR NEEDS! GOOD SIZE FENCED YARD WITH A STORAGE SHED AND LARGE CONCRETE PATIO FOR ALL YOUR SUMMER FUN! CONVENIENTLY LOCATED TO ALL AMENITIES! OFFERED AS-IS. SCHEDULE YOUR TOUR TODAY! *****MULTIPLE OFFERS*****HIGHEST & BEST BY SUNDAY 9/3 AT 9AM*****

Last Agent to Sell the Property

George Metinidis

HomeSmart Connect LLC License #475122679 Listed on: 08/30/2023

HomeSmart Connect LLC

Last Buyer's Agent

Bogdan Sorbun

@properties Christie's International Real Estate License #475191493

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,955

Year Built

  • Built in 1978

Lot Details

  • 6,882

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,290 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed

Schools

  • Cumberland Elementary School
  • Chippewa Middle School
  • Maine West High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions
  • Other Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,955

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1978
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter
  • Fireplaces: 1
  • Interior Amenities: First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 2290
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 2290
  • Assessed Sq Ft: 2290
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2290
  • Basement Sq Ft: 1145
  • Fireplace Location: Family Room
  • Square Footage Comments: 2290 SF 2 LEVELS + UNFINISHED BASEMENT
  • Total Sq Ft: 3435
  • Unfinished Basement Sq Ft: 1145
  • Upper Level Sq Ft: 1145
  • Attic: Pull Down Stair,Unfinished
  • Main Level Sq Ft: 1145
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 399900
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cumberland Elementary School
  • High School: Maine West High School
  • Middle/Junior School: Chippewa Middle School
  • Middle/Junior School District: 62

Lot Info

  • Lot Dimensions: 6875
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3954.86
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze,Disabled Person

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Sep 25, 2023
Sold by
Dominick Abatangelo Declaration Of Trust
Bought by
Sorbun Laura and Sorbun Bogdan
Seller's Agent
George Metinidis
HomeSmart Connect LLC
Buyer's Agent
Bogdan Sorbun
@properties Christie's International Real Estate
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Views
106
Current Estimated Value
$518,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,081
Avg. Annual Appreciation
13.03%
Original Mortgage
$386,000
Outstanding Balance
$377,680
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$140,401

Purchase Details

Closed on
Nov 8, 2001
Sold by
Abatangelo Dominick and Abatangelo Dominica
Bought by
Abatangelo Dominic and Abatangelo Dominica

Purchase Details

Closed on
Nov 4, 1999
Sold by
Windy Point Of Schaumburg Llc
Bought by
Schres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.93%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 18, 1997
Sold by
Abatangelo Dominick and Abatangelo Dominica
Bought by
Abatangelo Dominick and Abatangelo Dominica
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
Sorbun Laura $405,000 None Listed On Document
Abatangelo Dominic -- --
Schres Llc $1,312,500 --
Abatangelo Dominick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorbun Laura $386,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $405,000 +1.3% $177 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $399,900 -- $175 / 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 $9,062 $41,000 $6,875 $34,125
2023 $3,400 $41,000 $6,875 $34,125
2022 $3,400 $41,000 $6,875 $34,125
2021 $3,955 $33,683 $5,328 $28,355
2020 $3,622 $33,683 $5,328 $28,355
2019 $3,565 $37,426 $5,328 $32,098
2018 $3,969 $37,532 $4,640 $32,892
2017 $3,831 $37,532 $4,640 $32,892
2016 $9,240 $37,532 $4,640 $32,892
2015 $5,283 $31,561 $3,953 $27,608
2014 $5,064 $31,561 $3,953 $27,608
2013 $9,108 $31,561 $3,953 $27,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11871670

Midwest Real Estate Data (MRED)

APN: 09-07-213-010-0000