702 W Burning Tree Ln Arlington Heights, IL 60004
Berkley Square Neighborhood
4
Beds
2.5
Baths
2,207
Sq Ft
9,100
Sq Ft Lot
Highlights
- Deck
- Property is near a park
- Main Floor Bedroom
- Buffalo Grove High School Rated A+
- Raised Ranch Architecture
- L-Shaped Dining Room
About This Home
As of December 2024Nestled in the sought-after Berkley Square neighborhood, this meticulously maintained home is a true gem with countless updates already completed for you! The remodeled kitchen (2022) boasts white Shaker cabinetry, quartz countertops, stainless steel appliances, and a spacious eating area leading to a large deck perfect for entertaining. The main level features a master bedroom with a remodeled en-suite bath (2022) and double closets, three additional generously sized bedrooms, and a fully updated hall bath (2022). The light-filled lower level offers a family room, remodeled half bath (2022), office/optional 5th bedroom, laundry, and abundant storage. Major updates include a new roof, siding, gutters, and windows (2020), leaf guards (2020), furnace and air conditioning (2018), hot water heater (2018), and freshly sealed driveway. Ideally located near award-winning schools, parks, shopping, dining, expressways, and train stations. This home is offered as-is due to being an estate sale, with no known issues.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475094912 Listed on: 12/06/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1972
Lot Details
- 9,100 Sq Ft Lot
- Lot Dimensions are 70x130
- Fenced Yard
- Paved or Partially Paved Lot
Parking
- 2.5 Car Attached Garage
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Raised Ranch Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,207 Sq Ft Home
- Ceiling Fan
- Family Room
- Living Room
- L-Shaped Dining Room
- Home Office
- Unfinished Attic
Kitchen
- Gas Oven
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- English Basement
- Sump Pump
- Finished Basement Bathroom
Schools
- Edgar A Poe Elementary School
- Buffalo Grove High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Lake Michigan Water
- Water Softener is Owned
Additional Features
- Deck
- Property is near a park
Community Details
- Berkley Square Subdivision, Raised Ranch Floorplan
Listing and Financial Details
- Homeowner Tax Exemptions
- Other Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2024
Closed on
Dec 18, 2024
Sold by
Berg Dale A
Bought by
Schroeder Robert D and Levy Kori R
Seller's Agent
Steven Cohen
@properties Christie's International Real Estate
Buyer's Agent
Kevin Schuman
The Listing Agency
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%
Total Days on Market
2
Views
23
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
$14,574
Avg. Annual Appreciation
7.88%
Original Mortgage
$360,000
Outstanding Balance
$359,018
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$105,556
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $450,000 | Proper Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | New Conventional | |
| Previous Owner | $106,654 | New Conventional | |
| Previous Owner | $134,000 | Unknown | |
| Previous Owner | $124,300 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $450,000 | +0.2% | $204 / Sq Ft |
| 12/08/2024 12/08/24 | Pending | -- | -- | -- |
| 12/06/2024 12/06/24 | For Sale | $449,000 | -- | $203 / 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 |
|---|---|---|---|---|
| 2024 | -- | $34,000 | $8,190 | $25,810 |
| 2023 | -- | $34,000 | $8,190 | $25,810 |
| 2022 | $0 | $34,000 | $8,190 | $25,810 |
| 2021 | $8,104 | $28,946 | $5,232 | $23,714 |
| 2020 | $8,104 | $28,946 | $5,232 | $23,714 |
| 2019 | $0 | $32,127 | $5,232 | $26,895 |
| 2018 | $0 | $30,238 | $4,550 | $25,688 |
| 2017 | $0 | $30,238 | $4,550 | $25,688 |
| 2016 | $8,104 | $30,238 | $4,550 | $25,688 |
| 2015 | $7,100 | $25,418 | $3,867 | $21,551 |
| 2014 | $7,027 | $25,418 | $3,867 | $21,551 |
| 2013 | $7,085 | $25,418 | $3,867 | $21,551 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Cohen
Seller's Agent in 2024
Steven Cohen
@ Properties
(847) 732-8686
2 in this area
121 Total Sales
-
Kevin Schuman
K
Buyer's Agent in 2024
Kevin Schuman
The Listing Agency
(847) 370-7270
1 in this area
47 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12222526
APN: 03-07-415-010-0000
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