NOT LISTED FOR SALE

550 Graceland Ave Unit 4 Des Plaines, IL 60016

Estimated Value: $170,000 - $203,000

2 Beds
1 Bath
650 Sq Ft
$262/mo HOA Fee

Last Sold May 04, 2016

Last sale price $115,000 $177 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,548/month

7 Days on Market

Highlights

  • Wood Flooring
  • Stainless Steel Appliances
  • Attached Garage
  • Maine West High School Rated A-
  • Balcony
  • 4-minute walk to Menominee Park

About This Home

As of May 2016

Location! Location! Walk to Metra and Downtown Des Plaines! Updated 2 bedroom, 1 bath condo. Features: Updated kitchen with stainless steel appliances walk-in pantry and granite counter tops, modern bath, 2 nice size bedrooms & hardwood floors thru-out. Balcony off of living room. Secure, indoor, heated garage parking plus 1 additional space outside. Washer and dryer right across the hall. Heat included in assessment fee.

Last Agent to Sell the Property

Gina Paterno-Schrantz

@properties Christies International Real Estate License #475150779 Listed on: 03/18/2016

@properties Christies International Real Estate

Last Buyer's Agent

Angeline Matusiewicz

Baird & Warner License #475098506

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,653

Year Built

  • 1979

Lot Details

  • 0.29

HOA Fees

  • $262 per month

Parking

  • Attached Garage
  • Heated Garage
  • Parking Available
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Kitchen

  • Oven or Range
  • Microwave
  • Stainless Steel Appliances

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Wood Flooring
  • Balcony

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,653

Year Built

1979

Lot Details

0

HOA Fees

$262 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • General Information: Commuter Train
  • Unit Floor Level: 2
  • Age: 31-40 Years
  • Full Bathrooms: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 1
  • Estimated Year Built: 1979
  • Type Attached: Condo
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1979

Interior Features

  • Interior Property Features: Hardwood Floors
  • Number Of Rooms: 4
  • Living Room: Dimensions: 15X12, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Appliances: Oven/Range, Microwave, Refrigerator, All Stainless Steel Kitchen Appliances
  • Equipment: TV-Cable, TV Antenna, Intercom, Fire Sprinklers, Sprinkler-Lawn
  • Bedrooms All Levels: 2
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 11X10, On Level: Main Level, Flooring: Hardwood, Windows: None
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 13X12, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Bedroom 2: Dimensions: 13X11, On Level: Main Level, Flooring: Hardwood, Windows: All
  • Estimated Sq Ft: 650

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Balcony

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage, Space/s
  • Parking Details: Assigned Spaces
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s), Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: 2 (Window/Wall Unit)
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam, Radiant

Condo/Co-op/Association

  • Max Pet Weight: 30
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Cats OK, Dogs OK
  • Common Area Amenities: Coin Laundry, Storage
  • Assessment Includes: Heat, Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 262
  • Management Phone: 000-000-0000

Schools

  • Junior High Dist: 62

Lot Info

  • Lot Dimensions: INTEGRAL
  • Parcel Identification Number: 09174080341004

Multi Family

  • Total Number Unitsin Building: 14
  • Number Stories: 2

Tax Info

  • Taxes: 3141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2016
Closed on
Apr 29, 2016
Sold by
Mansfield Colleen M and Mansfield Robert F
Bought by
Almanza Laura M
Seller's Agent
Gina Paterno-Schrantz
@properties Christies International Real Estate
Buyer's Agent
Angeline Matusiewicz
Baird & Warner
List Price
$124,000
Sold Price
$115,000
Premium/Discount to List
-$9,000
-7.26%
Current Estimated Value
$187,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,581
Avg. Annual Appreciation
5.29%
Original Mortgage
$107,500
Outstanding Balance
$85,382
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$102,199

Purchase Details

Closed on
Jun 4, 2008
Sold by
Gariti John V and Gariti Ann M
Bought by
Mansfield Robert F and Mansfield Collen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,400
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2004
Sold by
550 Graceland Llc
Bought by
Gariti John V
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
Almanza Laura M $115,000 Stewart Title
Mansfield Robert F $159,000 Git
Gariti John V $142,500 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almanza Laura M $107,500
Previous Owner Mansfield Robert F $95,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2016 05/04/16 Sold $115,000 -7.3% $177 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $124,000 -- $191 / 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 $3,653 $13,858 $765 $13,093
2023 $3,566 $13,858 $765 $13,093
2022 $3,566 $13,858 $765 $13,093
2021 $3,172 $10,318 $621 $9,697
2020 $3,118 $10,318 $621 $9,697
2019 $3,094 $11,498 $621 $10,877
2018 $2,581 $8,630 $549 $8,081
2017 $2,535 $8,630 $549 $8,081
2016 $2,398 $8,630 $549 $8,081
2015 $3,291 $10,886 $477 $10,409
2014 $3,222 $10,886 $477 $10,409
2013 $3,141 $10,886 $477 $10,409
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09169218

Midwest Real Estate Data (MRED)

APN: 09-17-408-034-1004