NOT LISTED FOR SALE

550 Graceland Ave Unit 10 Des Plaines, IL 60016

Estimated Value: $180,000 - $206,892

2 Beds
1 Bath
-- Sq Ft
$258/mo HOA Fee

Last Sold November 01, 2023

Last sale price $172,000

Est. 15% increase in value since last sale

Current estimated payment $1,524/month

4 Days on Market

Highlights

  • End Unit
  • Balcony
  • Intercom
  • Maine West High School Rated A-
  • 2 Car Attached Garage
  • 4-minute walk to Menominee Park

About This Home

As of November 2023

Great move-in ready condo in the heart of downtown Des Plaines. Beautiful and sunny 3rd floor, 2 bedrooms condo with balcony !!! Open kitchen with brand new stainless steel appliances and custom island, bathroom with jacuzzi tub. Walk-in closet. Pets allowed. Low assessment includes heat and gas, water! Laundry and storage on the same floor. Unit comes with 2 assigned parking spots, one in the garage and one outside. Great schools, walk to train, Walgreens, Shop N Save grocery store, shopping, restaurants and all downtown Des Plaines has to offer . Minutes from I294.

Last Agent to Sell the Property

Dorota Kula

Coldwell Banker Residential Listed on: 09/16/2023

Last Buyer's Agent

Jonathan Kang

Berkshire Hathaway HomeServices Starck Real Estate License #475171851

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,169

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • Sprinkler System

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Flexicore

Interior Spaces

  • 3-Story Property
  • Intercom
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, lawn care, scavenger, snow removal
  • 14 Units
  • John Association, Phone Number (847) 635-9130
  • Property managed by 550 Graceland Association Condo

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • Pets up to 10 lbs
  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,169

Year Built

Built in 1977

Lot Details

0

HOA Fees

$258 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Flexicore
  • Other Equipment: TV-Cable, TV Antenna, Intercom, Fire Sprinklers, Sprinkler-Lawn
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony, End Unit
  • Foundation Details: Brick/Mortar
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: 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 Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Units - 2
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Steam, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 258
  • Association Amenities: Coin Laundry, Storage
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: 550 Graceland Association Condo
  • Management Contact Name: John
  • Management Phone: 847-635-9130
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: INTEGRAL
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 10

Tax Info

  • Tax Annual Amount: 2169
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Oct 31, 2023
Sold by
Motorga Loredana and Narcis Ion
Bought by
Yuen Philip
Seller's Agent
Dorota Kula
Coldwell Banker Residential
Buyer's Agent
Jonathan Kang
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$175,000
Sold Price
$172,000
Premium/Discount to List
-$3,000
-1.71%
Views
57
Current Estimated Value
$197,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,223
Avg. Annual Appreciation
7.12%
Original Mortgage
$137,600
Outstanding Balance
$135,025
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$62,198

Purchase Details

Closed on
May 26, 2004
Sold by
550 Graceland Llc
Bought by
Motorga Loredana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
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
Yuen Philip $172,000 Saturn Title
Motorga Loredana $150,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuen Philip $137,600
Previous Owner Motorga Loredana $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $172,000 -1.7% --
09/21/2023 09/21/23 Pending -- -- --
09/16/2023 09/16/23 For Sale $175,000 -- --
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 $2,804 $13,951 $770 $13,181
2023 $2,709 $13,951 $770 $13,181
2022 $2,709 $13,951 $770 $13,181
2021 $2,169 $10,387 $625 $9,762
2020 $2,201 $10,387 $625 $9,762
2019 $2,192 $11,575 $625 $10,950
2018 $1,571 $8,688 $553 $8,135
2017 $1,561 $8,688 $553 $8,135
2016 $1,720 $8,688 $553 $8,135
2015 $2,520 $10,960 $481 $10,479
2014 $2,483 $10,960 $481 $10,479
2013 $2,404 $10,960 $481 $10,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11885946

Midwest Real Estate Data (MRED)

APN: 09-17-408-034-1010