See Home Value
Mount Prospect 60056
1506 W Palm Drive
$339,029*
House - Off Market

1506 W Palm Drive

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
1920 Sqft
$297,000 - $361,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model
Sold Jun 14, 2023
$331,000
$231,700 by Solutions Financial Mortgage C
Mortgage Due Apr 01, 2043

About This Property

Come see this lovingly maintained home owned by one single family. This home is waiting for a new owner to put their special touches on it! This 3 bed 2 bath home features hardwood flooring and updated baths. Basement rec room has built in bar for fantastic for entertaining. AC & Furnace are 2 years new. 2 and a half car detached garage plus an extra 1 car workshop attached. Home has Generac generator system installed summer 2021. Great location in award winning school district! Close to shopping and restaurants! Schedule your showing today!

The manager has listed the unit size as 1920 square feet.
Unit Size
1,920Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$171
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1962

Price History

Date / Event Date Event Price
Jun 14, 2023 Sold to Vasyl Kuchernyuk $331,000
Sold to Vasyl Kuchernyuk
Mar 18, 2023 No longer available -
No longer available
Feb 22, 2023 In contract -
In contract
Feb 15, 2023 Listed $329,000
Listed
Oct 12, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 10,318
  • Total Building Area: 1,103
  • Gross Building Area: 1,103
  • Building Area: 1,103
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,103
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELK RIDGE VILLA UNIT1
  • Land Acres: 0.237
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ELK) (RIDGE) (VILLA) (UNIT1) SUB OF WH WH SEC 14-41-11

Ownership

  • Current Owner : KUCHERNYUK VASYL
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805002

Geography

  • District: 16
  • Parcel: 08-14-110-025-0000
  • Block: 1
  • Lot: 21
  • Meridian: SEC 14 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.047
  • Longitude: -87.9583

    Address

  • Full Address: 1506 W Palm Dr
  • Legal Unit: 1
  • Address - House Number: 1506
  • Street Direction: W
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C070
  • 4-Digit Zip Code: 4531
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,966
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 308,133
  • High Value: 339,288
  • Low Value: 276,979

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $231,700
  • First Open Lien Mortgage Lender: SOLUTIONS FINANCIAL MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jun 14, 2023
  • First Open Lien Mortgage Loan Amount: $231,700
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2043

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $103,180
  • Market Improvement Value: $236,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $10,318
  • Assessed Improvements Value: $23,682

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Transaction ID: 11910231755
  • Current Sale Price: $331,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 45033

    Last Sale Mortgage

  • First Mortgage Lender: SOLUTIONS FINANCIAL MORTGAGE C
  • First Mortgage Transaction Date: Jun 14, 2023
  • First Mortgage Loan Amount: $231,700
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,240 ft²
$254/ft²
$315,000 Feb 2, 2023
-
$509/mo

About Mount Prospect


Similar Homes for Sale

Unit for sale at 1409 South Busse Road, Mount Prospect, IL 60056

$315,000

  • 3 Beds
  • 2 Baths
  • 1,240 ft²
1409 South Busse Road, Mount Prospect, IL 60056 Listing by Meltem Yilmaz

Nearby Rentals

Unit for rent at 3021 Lynn Court, Mt. Prospect, IL, 60005

$2,295 /mo

  • 3 Beds
  • 1.5 Baths
3021 Lynn Court #3021 Lynn Court D, Mt. Prospect, IL, 60005 Listing by Manager


Frequently Asked Questions

When was property at 1506 West Palm Drive built and last sold?
The property at 1506 West Palm Drive was built in 1962 and last sold on Mar 10, 2023 for $331,000.
How much is this home worth?
The estimated value of the home located at 1506 West Palm Drive is $337,284.
What are some comparable homes to 1506 West Palm Drive?
Homes that are comparable to 1506 West Palm Drive include a house property at 1409 South Busse Road, located in Mount Prospect, IL.

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