NOT LISTED FOR SALE

534 W Park Place Addison, IL 60101

Estimated Value: $398,143 - $446,000

4 Beds
2 Baths
1,160 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $365,000 $315 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,784/month

42 Days on Market

Highlights

  • Raised Ranch Architecture
  • 1 Car Attached Garage
  • Central Air

About This Home

As of December 2023

Located within walking distance of Old Mill Park, look no further as you have found your dream home in the ideal location. This spacious bi level has undergone a high end renovation where nothing was overlooked. As you entry the home you will fall in love with the open layout which this home offers. Recently refinished gleaming hardwood floors run throughout the main level and flow effortlessly into the gourmet kitchen which has been upgraded with a island, new cabinets, new counters and a modern backsplash, this is any chefs dream kitchen. There are three bedrooms on the main level, all which have been recently painted, the main level bathroom is highly upgraded as is the second bath in the lower level. The lower level offers a family room along with a bonus room which can be utilized as a 4th bedroom, home office or den. Lets not overlook the great yard with a large deck which is ideal for those summer nights we all love so much. Nothing was spared here, new windows, new HVAC, New appliances! This home is truly move in ready and professionally designed, at this value the home will not last long! Get inside today to appreciate all this home has to offer.

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 10/02/2023

RE/MAX Premier

Last Buyer's Agent

Mariam Cooney

IIMaro Realty License #471022128

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,710

Year Built

  • Built in 1964 | Remodeled in 2023

Lot Details

  • Lot Dimensions are 50 x 125

Parking

  • 1 Car Attached Garage
  • Parking Space is Owned

Home Design

  • 1,160 Sq Ft Home
  • Raised Ranch Architecture
  • Bi-Level Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,710

Year Built

Built in 1964 | Remodeled in 2023

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Raised Ranch
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Property Sub-Type: Raised Ranch
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 1160
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1160
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 399900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: 50 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5710.43
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Dec 6, 2023
Sold by
Trust Number 8002391331
Bought by
Ramos Susie
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Mariam Cooney
IIMaro Realty
List Price
$425,000
Sold Price
$365,000
Premium/Discount to List
-$60,000
-14.12%
Views
257
Current Estimated Value
$417,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,381
Avg. Annual Appreciation
7.65%
Original Mortgage
$358,388
Outstanding Balance
$352,976
Interest Rate
7.99%
Mortgage Type
FHA
Estimated Equity
$64,405

Purchase Details

Closed on
Apr 20, 2023
Sold by
Platinum Pearl Holdings Llc
Bought by
Chicago Title Land Trust Company

Purchase Details

Closed on
Apr 5, 2023
Sold by
Sheriff Of Dupage County Illinois
Bought by
Platinum Pearl Holdings Llc

Purchase Details

Closed on
Aug 13, 2002
Sold by
Elliott Scott and Elliott Melinda
Bought by
Morales Francisco and Ivarra Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,425
Interest Rate
6.64%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 2000
Sold by
Covganka Joseph A and Covganka Tracey K
Bought by
Elliott Scott and Elliott Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,650
Interest Rate
8.24%
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
Ramos Susie $365,000 None Listed On Document
Chicago Title Land Trust Company -- Chicago Title
Platinum Pearl Holdings Llc $194,000 None Listed On Document
Morales Francisco $225,000 First American Title
Elliott Scott $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Susie $358,388
Previous Owner Morales Francisco $221,425
Previous Owner Elliott Scott $143,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $365,000 -8.7% $315 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
10/30/2023 10/30/23 Price Changed $399,900 -5.9% $345 / Sq Ft
10/30/2023 10/30/23 For Sale $425,000 0.0% $366 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $425,000 -- $366 / 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 $6,848 $97,163 $36,224 $60,939
2023 $5,986 $89,320 $33,300 $56,020
2022 $5,626 $82,390 $30,670 $51,720
2021 $5,386 $78,920 $29,380 $49,540
2020 $5,234 $75,590 $28,140 $47,450
2019 $5,192 $72,680 $27,060 $45,620
2018 $5,120 $69,070 $25,760 $43,310
2017 $4,981 $66,010 $24,620 $41,390
2016 $4,835 $60,940 $22,730 $38,210
2015 $4,702 $56,300 $21,000 $35,300
2014 $4,748 $56,460 $21,660 $34,800
2013 $4,654 $57,610 $22,100 $35,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11898855

Midwest Real Estate Data (MRED)

APN: 03-20-216-019