NOT LISTED FOR SALE

615 E Olive St Arlington Heights, IL 60004

Estimated Value: $491,559 - $508,000

3 Beds
2 Baths
1,588 Sq Ft
$314/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $419,000 $264 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,285/month

11 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Wood Flooring
  • Olive-Mary Stitt Elementary School Rated A-
  • Property is near a park
  • 1-minute walk to Greens Park

About This Home

As of July 2022

Beautiful, move-in-ready Arlington Heights home in prime area with highly rated schools. This 3 bedroom 2 bath, newly updated home is within walking distance of the elementary, middle, and high school. Plus, it's only 1.5 miles from downtown Arlington Hts. and Metra. Tons of natural light and beautiful oak hardwood floors throughout. First floor master bedroom and gorgeously tiled full bathroom. Upstairs, you will find two spacious bedrooms and a full bath. The exterior includes a NEW roof, NEW siding, and NEW deck. Its full basement and 2.5 car garage are perfect for extra space

Last Agent to Sell the Property

Ryan Cherney

Circle One Realty License #471019427 Listed on: 05/23/2022

Last Buyer's Agent

Caroline Starr

@properties Christie?s International Real Estate License #475123478

@properties Christie?s International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,536

Year Built

  • Built in 1953 | Remodeled in 2021

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,588 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near a park

Schools

  • Olive-Mary Stitt Elementary School
  • Thomas Middle School
  • John Hersey High School

Utilities

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

Community Details

  • Cape Cod

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,536

Year Built

Built in 1953 | Remodeled in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1953
  • Age: 61-70 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: 2021
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Full Bath
  • LivingArea: 1588
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Room Type: Foyer, Pantry, Utility Room-Lower Level, Walk In Closet
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Asphalt,Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • 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
  • Community Features: Park, Curbs, Sidewalks, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Olive-Mary Stitt School
  • High School: John Hersey High School
  • Middle/Junior School: Thomas Middle School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 50X140
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8536.26
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2019
Closed on
Aug 7, 2019
Sold by
Rinda Edward R and Rinda Elaine
Bought by
Flanagan Matthaw T and Flanagan Alexandra E
Seller's Agent
Jen Ortman
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Tabitha Murphy
Berkshire Hathaway HomeServices Chicago
List Price
$299,000
Sold Price
$235,000
Premium/Discount to List
-$64,000
-21.4%
Current Estimated Value
$498,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,390
Avg. Annual Appreciation
12.87%
Original Mortgage
$223,250
Outstanding Balance
$196,204
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$302,186

Purchase Details

Closed on
Nov 8, 1993
Sold by
Brown Mark A and Brown Beth A
Bought by
Rinda Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

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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
Flanagan Matthaw T $235,000 Fidelity National Title
Rinda Elaine $120,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flanagan Matthaw T $223,250
Previous Owner Rinda Elaine $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $419,000 0.0% $264 / Sq Ft
06/02/2022 06/02/22 Price Changed $419,000 -2.3% $264 / Sq Ft
05/23/2022 05/23/22 For Sale $429,000 +82.6% $270 / Sq Ft
08/16/2019 08/16/19 Sold $235,000 +2.6% $183 / Sq Ft View Prior Sale
06/28/2019 06/28/19 Pending -- -- --
06/22/2019 06/22/19 Price Changed $229,000 -23.4% $178 / Sq Ft
06/22/2019 06/22/19 For Sale $299,000 -- $232 / 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 $8,126 $33,000 $7,000 $26,000
2023 $8,701 $33,000 $7,000 $26,000
2022 $8,701 $33,000 $7,000 $26,000
2021 $8,763 $29,111 $4,375 $24,736
2020 $8,536 $29,111 $4,375 $24,736
2019 $7,592 $32,346 $4,375 $27,971
2018 $7,399 $28,790 $3,850 $24,940
2017 $7,329 $28,790 $3,850 $24,940
2016 $7,072 $28,790 $3,850 $24,940
2015 $6,484 $24,583 $3,325 $21,258
2014 $6,310 $24,583 $3,325 $21,258
2013 $6,135 $24,583 $3,325 $21,258
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11412330

Midwest Real Estate Data (MRED)

APN: 03-20-411-005-0000