NOT LISTED FOR SALE

8451 Illinois 83 Palos Park, IL 60464

Estimated Value: $1,355,000 - $1,634,691

6 Beds
7.5 Baths
10,800 Sq Ft
$133/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $1,225,000 $113 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,742/month

36 Days on Market

Highlights

  • Indoor Pool
  • Heated Floors
  • Open Floorplan
  • Palos East Elementary School Rated A
  • 1.6 Acre Lot
  • Mature Trees

About This Home

As of January 2024

Spectacular and private Palos Park Estate is on the market for the very first time! Live your best life in this one-of-a-kind custom property at over 10,000 square feet! Everything about this home encourages fun and relaxation for the whole family. The circular brick paver drive leads you to the impressive entrance of this solid brick masterpiece! Four finished levels includes both formal and casual spaces with a total of 6+ bedrooms, 7 1/2 baths, 5 fireplaces, two sunrooms, a private study and the list goes on. You will find a primary suite and laundry room on the first AND second level. Entertaining is a breeze in the oversized kitchen with island, built-in work station/desk and room to seat 10 comfortably. The kitchen pours into the family room with its own "pub" and stunning wood burning fireplace. One of the highlights of the home is the magnificent 2200 square foot indoor resort-style pool surrounded by gorgeous windows, a soaring ceiling and its own changing room and bath. The pool "wing" transports you to another level of entertaining! Enjoy this fabulous space year-round even when the snow is falling!! If an indoor sport court is on your wish list, then this space is a must see and may easily be converted. Not to be forgotten, is the finished lower level recreation room complete with wet bar, fireplace, bath and endless amounts of storage. The bonus third floor is perfect for a workout space, extra sleeping, an office and an additional family room. If you love the outdoors, then this massive and peaceful lot is for you! Don't be surprised if you have a few deer visitors! Just across the street you will find the Cal Sag Trail and you are only minutes from the Swallow Cliff stairs, Lake Katherine, golf and all the amenities of Palos Park.

Last Agent to Sell the Property

Kelly Brennan

@properties Christie's International Real Estate License #475136572 Listed on: 09/19/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Autumn Barrett

@properties Christie's International Real Estate License #475164236

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,970

Year Built

  • Built in 1995

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 270x320x155x273
  • Mature Trees
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Circular Driveway
  • Brick Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 10,800 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bookcases
  • Bar Fridge
  • Beamed Ceilings
  • Coffered Ceiling
  • Vaulted Ceiling
  • Skylights
  • Double Sided Fireplace
  • Wood Burning Fireplace
  • Electric Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 5 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Bonus Room
  • Heated Enclosed Porch
  • Storage Room
  • Utility Room with Study Area

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Heated Floors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry in multiple locations
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage

Home Security

  • Intercom
  • Storm Screens

Pool

  • Indoor Pool
  • Pool House
  • In Ground Pool

Outdoor Features

  • Creek On Lot
  • Balcony
  • Deck
  • Screened Patio

Schools

  • Palos East Elementary School
  • Palos South Middle School
  • Amos Alonzo Stagg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Community Lake

Recreation

  • Community Pool
  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,970

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Year Built: 1995
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Range, Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Built-In Oven, Intercom
  • Basement: Full
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bathrooms: 8
  • Total Bedrooms: 6
  • Fireplace Features: Double Sided, Wood Burning, Electric, More than one
  • Fireplaces: 5
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, Heated Floors, First Floor Bedroom, In-Law Arrangement, First Floor Laundry, Second Floor Laundry, Pool Indoors, First Floor Full Bath, Built-in Features, Walk-In Closet(s), Bookcases, Ceiling - 10 Foot, Coffered Ceiling(s), Beamed Ceilings, Open Floorplan, Some Carpeting, Some Wood Floors, Separate Dining Room
  • LivingArea: 10800
  • Room Type: Bonus Room, Bedroom 5, Bedroom 6, Eating Area, Enclosed Porch Heated, Foyer, Recreation Room, Study, Storage, Walk In Closet
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 10817
  • Basement Description: Finished,Rec/Family Area,Storage Space
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Basement,Bedroom
  • Total Sq Ft: 0
  • Attic: Finished,Full,Interior Stair
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Patio, Porch Screened, Screened Patio, Brick Paver Patio, In Ground Pool, Storms/Screens
  • List Price: 1299000
  • Lot Features: Wooded, Mature Trees, Creek
  • OtherStructures: Pool House
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway, Circular Driveway, Oversized
  • ParkingTotal: 13
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Steam
  • Laundry Features: Multiple Locations
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Pool, Horse-Riding Trails, Lake
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Palos East Elementary School
  • High School: Amos Alonzo Stagg High School
  • Middle/Junior School: Palos South Middle School
  • Middle/Junior School District: 118

Lot Info

  • Lot Size Acres: 1.6
  • Lot Dimensions: 270X320X155X273
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 36970.42
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Steinmetz Properties Llc
Bought by
Steinmetz Robert J and Steinmetz Nicole L
Current Estimated Value
$1,441,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,348,000
Outstanding Balance
$1,341,538
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$100,135

Purchase Details

Listed on
Sep 19, 2023
Closed on
Jan 11, 2024
Sold by
Patricia Anne Brennan Trust
Bought by
Steinmetz Properties Llc
Seller's Agent
Kelly Brennan
@properties Christie's International Real Estate
Buyer's Agent
Autumn Barrett
@properties Christie's International Real Estate
List Price
$1,449,000
Sold Price
$1,225,000
Premium/Discount to List
-$224,000
-15.46%
Views
277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%
Original Mortgage
$1,355,137
Interest Rate
7.03%
Mortgage Type
Construction
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
Steinmetz Robert J -- Old Republic Title
Steinmetz Properties Llc $1,225,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steinmetz Robert J $1,348,000
Previous Owner Steinmetz Properties Llc $1,355,137
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $1,225,000 -5.7% $113 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $1,299,000 -10.4% $120 / Sq Ft
09/19/2023 09/19/23 For Sale $1,449,000 -- $134 / 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 $34,618 $122,501 $26,234 $96,267
2023 $39,020 $147,000 $26,234 $120,766
2022 $39,020 $135,808 $22,736 $113,072
2021 $36,970 $135,807 $22,736 $113,071
2020 $35,692 $135,807 $22,736 $113,071
2019 $34,331 $135,049 $20,987 $114,062
2018 $33,316 $135,049 $20,987 $114,062
2017 $32,325 $135,049 $20,987 $114,062
2016 $31,026 $118,919 $17,489 $101,430
2015 $30,649 $118,919 $17,489 $101,430
2014 $30,311 $118,919 $17,489 $101,430
2013 $27,546 $115,545 $17,489 $98,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11864129

Midwest Real Estate Data (MRED)

APN: 23-23-304-034-0000