531 N Monarch Ln Addison, IL 60101
Estimated Value: $424,000 - $476,000
4
Beds
2
Baths
2,506
Sq Ft
$179/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Property is near a park
- Wood Flooring
- Deck
- Raised Ranch Architecture
- 4-minute walk to Wilderness Park
About This Home
As of June 2021No Expense Spared in this Raised Ranch Home with over 2,500 sqft of living space in the Kings Point Subdivision. This bright and spacious home features open concept living with 4 bedrooms, 2 full baths and many beautiful updates throughout. Enjoy the gourmet kitchen complete with all new white cabinets, stainless steel appliances, quartz counter tops, tile floors, tile back-splash and a pantry alongside the coffee bar. The kitchen and dining area both have direct access to the large deck making the combined spaces perfect for entertaining! 3 spacious bedrooms with an updated full bathroom make up the rest of the main floor. The lower level features a huge family room with recessed lighting, a 4th bedroom with an adjoining 12x12 room currently set up as a closet, a tastefully updated full bathroom and a storage/utility/laundry room. Plenty of parking on the side driveway which lead to a detached 2 car garage. Improvements include: kitchen, bathrooms, refinished hardwood floors, paint (home interior, exterior, deck and garage), ceiling fans, lighting fixtures & much more - Short walking distance to the park and school - Minutes to Shopping & Restaurants - Easy access to the Highway. This home is sure to please!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,791
Year Built
- Built in 1968
Lot Details
- 9,235 Sq Ft Lot
- Lot Dimensions are 70x132
- Cul-De-Sac
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Raised Ranch Architecture
Interior Spaces
- 2,506 Sq Ft Home
- Open Floorplan
- Built-In Features
- Bonus Room
- Wood Flooring
Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Stone Elementary School
- Indian Trail Elementary Middle School
- Addison Trail High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Deck
- Property is near a park
Community Details
- Kings Point Subdivision
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2021
Closed on
Jun 11, 2021
Sold by
Nicholson John M
Bought by
Abreu Eleanor
Seller's Agent
Ray Nicolas
Baird & Warner
Buyer's Agent
Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC
Sold Price
$380,000
Total Days on Market
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,991
Avg. Annual Appreciation
4.19%
Original Mortgage
$190,000
Outstanding Balance
$173,810
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$274,181
Purchase Details
Closed on
May 30, 2018
Sold by
Mais Roland F and Mais Shirley B
Bought by
Nicholson John M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 15, 2005
Sold by
Mais Roland F and Mais Shirley B
Bought by
Mais Roland F and Mais Shirley B
Similar Homes in Addison, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abreu Eleanor | $380,000 | Baird & Warner Ttl Svcs Inc | |
| Nicholson John M | $210,000 | Old Republic National Title | |
| Mais Roland F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abreu Eleanor | $190,000 | |
| Previous Owner | Nicholson John M | $168,000 | |
| Previous Owner | Mais Roland F | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2021 06/16/21 | Sold | $380,000 | +11.8% | $152 / Sq Ft |
| 05/13/2021 05/13/21 | For Sale | -- | -- | -- |
| 05/12/2021 05/12/21 | Pending | -- | -- | -- |
| 05/10/2021 05/10/21 | For Sale | $339,900 | -- | $136 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $7,441 | $109,080 | $43,760 | $65,320 |
| 2022 | $7,288 | $104,960 | $42,060 | $62,900 |
| 2021 | $6,983 | $100,540 | $40,290 | $60,250 |
| 2020 | $6,791 | $96,300 | $38,590 | $57,710 |
| 2019 | $6,743 | $92,600 | $37,110 | $55,490 |
| 2018 | $6,431 | $90,220 | $35,330 | $54,890 |
| 2017 | $6,244 | $86,230 | $33,770 | $52,460 |
| 2016 | $6,038 | $79,610 | $31,180 | $48,430 |
| 2015 | $5,846 | $73,540 | $28,800 | $44,740 |
| 2014 | $5,469 | $69,130 | $29,700 | $39,430 |
| 2013 | $5,369 | $70,540 | $30,310 | $40,230 |
Source: Public Records
Agents Affiliated with this Home
-
Ray Nicolas
Seller's Agent in 2021
Ray Nicolas
Baird Warner
(224) 629-6919
3 in this area
100 Total Sales
-
Sarah Leonard
Buyer's Agent in 2021
Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC
(224) 239-3966
6 in this area
2,806 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11082450
APN: 03-19-302-033
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