NOT LISTED FOR SALE

8520 W 119th Place Palos Park, IL 60464

Estimated Value: $595,000 - $654,000

3 Beds
3 Baths
3,012 Sq Ft
$205/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $515,000 $171 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,446/month

160 Days on Market

Highlights

  • Mature Trees
  • Recreation Room
  • Wood Flooring
  • Palos East Elementary School Rated A
  • Vaulted Ceiling
  • Main Floor Bedroom

About This Home

As of February 2023

Gorgeous Modern Farmhouse on a 3/4 acre professionally landscaped lot. Upon walking the grounds, you will be delighted with 3 freshly stripped and stained decks, as well as a second-floor balcony off the primary suite, also freshly stripped and stained. One of the three ground level decks includes a gas grill with natural gas exterior connection. Custom built arbors and beautiful timber built raised garden beds surround the exterior of the home. When needing a quiet space enjoy the included bench and arbor bursting with grapes and a nearby peach tree. Inside the home will greet you with new chair rail lined foyer welcoming you into the custom-built kitchen and pantry room with original refurbished shiplap. Open the extra tall kitchen cabinets and be surprised with the perfect storage systems for your pots, pans, and even big mixers. Enjoy your meals in the dining room just off the kitchen featuring a custom wood accent wall and tall bright tray ceilings. Continue down the hall to either the formal living room with wood burning fireplace or continue straight to the first of two full main floor bathrooms and custom designed library. In the library you will find custom built bookcases with plenty of book and other storage. Don't snooze on the smaller built-in bookcase, it's a secret door with a hidden closet and safe. Super Cool! Off the library and full first floor bathroom is a main floor bedroom featuring a deep closest and several windows. Follow the stairs that are brightened by an oversized picture window to the second floor. Upstairs features quick hall access to the usable attic which has been scrubbed, sprayed, and sealed complete with fresh drywall, giving this home an incredible amount of clean and convenient storage! Off the second-floor landing is the third bedroom with double wall closets and several windows for natural light. Shared Full bathroom completes the hall with double vanity and plenty of room. Sprawling primary suite complete the second floor with dual closet and balcony making it the perfect oasis. If that wasn't enough this beautiful estate features an oversized fully heated and cooled ballroom or recreation room with sectioned off home gym area. This extra living space can be used for so many different purposes, playroom, dance hall, gathering place. This home has been updated both in the cosmetic sense and in modern mechanical updates. This home is beautiful, and pictures do not do it justice. If you are looking for a home with character, charm and outstanding condition then you must schedule a private tour today. See last photo for list of features and updates. Exterior crawl space with multi-points of access, all have been scrubbed, sprayed and sealed with moisture barrier, giving even more clean and convenient storage. Prime location for any future buyer, convenient to the Sag Valley Trail, Paddock Woods Grove & the famous Plush Horse! Property is also equipped with Invisible Fence.

Last Agent to Sell the Property

Connie Vavra

RE/MAX 10 License #471018582 Listed on: 08/04/2022

RE/MAX 10

Last Buyer's Agent

Philicia Cosey

Infiniti Properties, Inc. License #475204475

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,877

Year Built

  • Built in 1918

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 187 x 167 x 185 x 187
  • Cul-De-Sac
  • Property has an invisible fence for dogs
  • Corner Lot
  • Mature Trees

Parking

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

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3,012 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Recreation Room
  • Wood Flooring
  • Crawl Space
  • Finished Attic

Kitchen

  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,877

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1918
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • 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: Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, First Floor Bedroom, First Floor Laundry, Bookcases
  • LivingArea: 3012
  • Room Type: Library, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3012
  • Basement Description: Crawl
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Attic: Finished
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 515000
  • Lot Features: Corner Lot, Cul-De-Sac, Mature Trees, Fence-Invisible Pet
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • 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
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 118

Lot Info

  • Lot Size Acres: 0.737
  • Lot Dimensions: 187 X 167 X 185 X 187
  • Rural (Y/N): N
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 9876.96
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Feb 17, 2023
Sold by
Schu Jonathan R and Schu Erin C
Bought by
Mertens Patricia A and Mertens Michael A
Seller's Agent
Connie Vavra
RE/MAX 10
Buyer's Agent
Philicia Cosey
Infiniti Properties, Inc.
List Price
$515,000
Sold Price
$515,000
Views
181
Current Estimated Value
$649,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,526
Avg. Annual Appreciation
7.53%
Original Mortgage
$412,000
Outstanding Balance
$397,860
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$220,912

Purchase Details

Closed on
Jun 2, 2020
Sold by
Lara Erin Catherine and Schu Jonathan R
Bought by
Schu Erin C and Schu Jonathan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,468
Interest Rate
2.87%
Mortgage Type
VA

Purchase Details

Closed on
Jul 11, 2017
Sold by
Bame5 Sirkku M and Harju Hannu K
Bought by
Lara Erin Catherine and Schu Jonathan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,062
Interest Rate
4%
Mortgage Type
VA
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
Mertens Patricia A $515,000 Burnet Title
Schu Erin C -- First American Title
Lara Erin Catherine $375,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mertens Patricia A $412,000
Previous Owner Schu Erin C $374,975
Previous Owner Schu Erin C $375,468
Previous Owner Lara Erin Catherine $383,062
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $515,000 0.0% $171 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $515,000 0.0% $171 / Sq Ft
12/31/2022 12/31/22 Off Market $515,000 -- --
10/28/2022 10/28/22 For Sale $515,000 0.0% $171 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/23/2022 09/23/22 Price Changed $515,000 -2.3% $171 / Sq Ft
09/08/2022 09/08/22 Price Changed $527,000 -1.9% $175 / Sq Ft
08/04/2022 08/04/22 For Sale $537,000 -- $178 / 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 $11,214 $49,000 $12,043 $36,957
2023 $10,957 $49,000 $12,043 $36,957
2022 $10,957 $39,826 $10,437 $29,389
2021 $10,185 $39,825 $10,437 $29,388
2020 $9,877 $39,825 $10,437 $29,388
2019 $9,235 $38,834 $9,634 $29,200
2018 $8,961 $38,834 $9,634 $29,200
2017 $8,705 $38,834 $9,634 $29,200
2016 $8,563 $34,627 $8,028 $26,599
2015 $8,434 $34,627 $8,028 $26,599
2014 $8,352 $34,627 $8,028 $26,599
2013 $8,913 $39,166 $8,028 $31,138
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11479968

Midwest Real Estate Data (MRED)

APN: 23-26-112-004-0000