18 days on rocket

505 S Carol Ln, Mount Prospect, IL, 60056

$640,000

Home List Price

$7,600*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
2,849 SqFt
$225/SqFt
House

Location

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505 S Carol Ln, Mount Prospect$640,000

Buyer Closing Credits

$7,600*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1969
HeatingNatural Gas
CoolingCentral Air
BasementYes
FireplaceWood Burning, Electric
MLS #12170608
Lot Size0.28 Acres
StatusActive

About 505 S Carol Ln

Welcome to this beautifully maintained home in the heart of Mt. Prospect, set on a rare extra-wide lot. This spacious 5-bedroom, 2.5-bathroom property boasts hardwood floors beneath the carpeting, showcasing timeless quality throughout. The kitchen is a chef's dream, featuring double ovens, a 5-burner gas cooktop with hood and sleek stainless steel appliances. There's plenty of space for entertaining and relaxation with a formal living room, dining room, and a cozy family room with a wood burning fireplace. The primary bedroom is generously sized to fit a king bed and features a walk-in closet and an en-suite bathroom with a walk-in shower and jetted tub for your comfort. Four additional bedrooms share a well-appointed full bath and offer plenty of options to serve as bedrooms or work from home office space. The expansive basement is perfect for entertaining with a bar area, extra range for cooking, and ample space for a gaming area or additional living quarters. An electric fireplace and a dedicated laundry area with plenty of storage make this lower level as functional as it is fun. Step outside to enjoy the professionally landscaped yard, complete with a beautiful cement patio and built-in gas grill-perfect for outdoor gatherings. Located in the highly sought-after District 214 for high school, this home is just 2 miles from vibrant downtown Mt. Prospect where you'll find the Metra train station, new restaurants, coffee shops, and Caputo's Fresh Market. This home offers the perfect blend of space, convenience, and lifestyle. Don't miss out on this incredible opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1969
  • Living Area: 2,849 SqFt

Listing Office:

  • Office Name: Coldwell Banker Real Estate Group
  • Office Phone: (847) 749-0842
  • Listing Agent: Libby Bullock

Interior Features

Interior Information:

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Cooktop, Range Hood, Gas Cooktop, Oven
  • Basement: Yes
  • Interior: Hardwood Floors
  • Fireplace: Wood Burning, Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Patio, Storms/Screens, Outdoor Grill

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Trees
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Rolling Meadows High School, Public District Grades 9-12
  • Holmes Jr High School, Public District Grades 6-8
  • Forest View Elementary School, Public District Grades PK-5
  • Ridge Family Center For Learning, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: Lincoln St. to Carol Ln south

Price Information

Listing Price Info

Price Summary:

  • List Price: $640,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $10,398
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Mount Prospect, IL.

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Mount Prospect, IL

City

Med. Sold Price

$392K

Med. Price/SqFt

$236

Avg. Days On Market

19

# of Sold Homes

43

505 S Carol Ln vs Mount Prospect

18 DAYS ON ROCKET

-1 Day

$640,000

+$248K More

$225/SqFt

-$12 Less

KEY TAKEAWAY

This property is $248K more than the Median Sold Price and $12/SqFt less than other homes in Mount Prospect, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12170608

Listing Office:

  • Office Name: Coldwell Banker Real Estate Group
  • Office Phone: (847) 749-0842
  • Listing Agent: Libby Bullock

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/22/2024, 9:15:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$10,398$47,320
2018$10,795$43,996
2017$10,858$43,996

History based on county public records data.

Payment Calculator

$3,262

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-509872
8
/10

  • Forest View Elementary School

  • 1901 W Estates Dr

  • 0.17 miles

  • Public District Grades PK-5

school-card-donut-509873
6
/10

  • Ridge Family Center For Learning

  • 650 Ridge Ave

  • 3.42 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-509874
6
/10

  • Holmes Jr High School

  • 1900 W Lonnquist Blvd

  • 0.28 miles

  • Public District Grades 6-8

High School

school-card-donut-509875
6
/10

  • Rolling Meadows High School

  • 2901 Central Rd

  • 2.52 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $80,825. Most Mount Prospect, IL residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 S Carol Ln

What is the listing price of this property?

The listing price of 505 S Carol Ln property is $640,000.

What type of property is this?

The property 505 S Carol Ln is a house located in Mount Prospect, Illinois, 60056.

Is this property for sale now?

Active Listing: 505 S Carol Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 S Carol Ln are:
Forest View Elementary School: GreatSchools Rating 8/10
Ridge Family Center For Learning: GreatSchools Rating 6/10
Holmes Jr High School: GreatSchools Rating 6/10
Rolling Meadows High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $10,398 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 S Carol Ln has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 S Carol Ln is 2,849 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 S Carol Ln is 1969.

Rocket Homes›Illinois›Cook County›Mount Prospect›60056›505 S Carol Ln

This home is located at 505 S Carol Ln in Mount Prospect, IL and zip code 60056. This 2,849 square foot home, which was built in 1969, sits on a 0.28 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $640,000.

In September 2024 more than 16 listings in Mount Prospect, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 25 were sold below. The number of homes for sale in Mount Prospect, IL increased by 4.5% between August 2024 and September 2024. In September 2024, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $392,000.

From Rocket Homes Real Estate and based on county public records data.

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