2 months on rocket

505 W Park St, Arlington Heights, IL, 60005

$750,000

Home List Price

$8,906*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,443 SqFt
$307/SqFt
House

Location

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505 W Park St, Arlington Heights$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1966
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
WaterfrontFencing
FireplaceGas Log
MLS #12091936
Lot Size0.26 Acres
StatusActive

About 505 W Park St

Desirable Pioneer Park beauty with so much to offer! You begin by being welcomed in through the covered front porch. This is a great place to relax while overlooking the colorful flowers and plantings. Spacious 1st floor includes a versatile floor plan. The office could easily be converted to a 1st floor bedroom. An updated main bath includes heated floor, a separate shower, dual separate sinks, water closet and custom bench seating. 2 closets including 1 walk in provide an abundance of storage. All bedrooms are uniquely large and include closets with organizers. Stunning quartz countertops compliment the cherry cabinets. Plenty of seating options with the breakfast bar and large table space/eating area overlooking the inviting family room with gas log fireplace. The formal living room has french doors leading to a room currently used as a dining rooms and could easily be converted to an additional family room or even a 5th bedroom! Sliding glass doors open to the 3 season room. Enjoy the outdoors overlooking the fully fenced backyard accented with lush easy to maintain gardens and patio. Back indoors, you have a huge workout room and additional entertaining space, plus a roomy laundry room and a workshop area in the basement. There is also an exterior exit allowing the area to include a 5th or 6th bedroom. Additional storage space can be had in the concrete finished crawl space. Fabulously located within minutes to the Metra train, highly sought after elementary and middle schools and downtown Arlington Heights. Easy access to downtown life with the charm and serenity of suburban living. Quick closing possible.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1966
  • Living Area: 2,443 SqFt

Listing Office:

  • Office Name: Homesmart Connect LLC
  • Office Phone: (847) 495-5000
  • Listing Agent: Sharon Mennerick

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Yes
  • Interior: Skylight(s), Hardwood Floors, Heated Floors
  • Fireplace: Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Corner Lot, Fencing
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Rolling Meadows High School, Public District Grades 9-12
  • South Middle School, Public District Grades 6-8
  • Westgate Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Arlington Heits Rd to Park. West on Park

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $307/SqFt

Tax Information:

  • Annual Amount: $10,544
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Arlington Heights, IL.

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Arlington Heights, IL

City

Med. Sold Price

$419.3K

Med. Price/SqFt

$240

Avg. Days On Market

11

# of Sold Homes

82

505 W Park St vs Arlington Heights

63 DAYS ON ROCKET

+52 Days

$750,000

+$330.6K More

$307/SqFt

+$67 More

KEY TAKEAWAY

This property is $330.6K more than the Median Sold Price and $67/SqFt more than other homes in Arlington Heights, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12091936

Listing Office:

  • Office Name: Homesmart Connect LLC
  • Office Phone: (847) 495-5000
  • Listing Agent: Sharon Mennerick

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

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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.

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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: 9/21/2024, 12:15:52 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$10,544$43,589
2018$11,478$42,770
2017$11,361$42,770

History based on county public records data.

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$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-204737
7
/10

  • Westgate Elementary School

  • 500 S Dwyer Ave

  • 0.46 miles

  • Public District Grades KG-5

Middle School

school-card-donut-204738
7
/10

  • South Middle School

  • 400 S Highland Ave

  • 0.19 miles

  • Public District Grades 6-8

High School

school-card-donut-204739
6
/10

  • Rolling Meadows High School

  • 2901 Central Rd

  • 1.53 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 $137,857. Most Arlington Heights, IL residents have annual incomes between $100k-200k. The majority of families are married, with kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Arlington Heights, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Arlington Heights, IL.

Arlington Heights offers a diverse array of housing options, with single-family homes being a significant part of the market. These homes showcase a mix of architectural styles, including colonial, ranch, and contemporary designs. The housing market also includes condominiums and townhouses, providing alternatives for those seeking a more communal living experience. The area has seen a steady growth in residential development, with many homes dating back to the mid-20th century, reflecting the town's rich history and growth.

What is it like to live in Arlington Heights, IL?

Arlington Heights is celebrated for its family-friendly atmosphere and community-oriented lifestyle. The town prides itself on a vibrant downtown area that hosts various cultural and social events throughout the year, including the renowned Arlington Heights Frontier Days Festival. The community's character is further enhanced by its well-maintained parks and recreational facilities, which serve as popular gathering spots for residents of all ages.

Is it easy to get around Arlington Heights, IL without a car?

The community is served by a robust educational system, including several public and private schools that cater to a range of educational needs. Healthcare is readily accessible, with local clinics and a hospital that offers a variety of medical services. The public library system in Arlington Heights is extensive, providing residents with educational resources and programming. Retail and dining options abound, reflecting the local culture with both chain and independent establishments. The town is responsive to the evolving needs of its residents, with initiatives aimed at improving and expanding community services.

Transportation in Arlington Heights, IL.

Arlington Heights is well-connected through a network of roads and highways, making it convenient for private vehicle travel. Public transportation options are available, with local bus services facilitating movement within the town and to neighboring areas. The community is also served by a commuter rail line, providing efficient access to downtown Chicago and other suburbs. While ride-sharing services are operational, the town also encourages walking and biking, with several areas designed to be pedestrian-friendly. Ongoing efforts to enhance transportation infrastructure reflect the town's commitment to accessibility and sustainability.

Frequently Asked Questions About 505 W Park St

What is the listing price of this property?

The listing price of 505 W Park St property is $750,000.

What type of property is this?

The property 505 W Park St is a house located in Arlington Heights, Illinois, 60005.

Is this property for sale now?

Active Listing: 505 W Park St 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 W Park St are:
Westgate Elementary School: GreatSchools Rating 7/10
South Middle School: GreatSchools Rating 7/10
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 $10,544 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 W Park St has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 W Park St is 2,443 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 W Park St is 1966.

Rocket Homes›Illinois›Cook County›Arlington Heights›60005›505 W Park St

This home is located at 505 W Park St in Arlington Heights, IL and zip code 60005. This 2,443 square foot home, which was built in 1966, sits on a 0.26 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $750,000.

Over 36 listings were sold over their listed price in August 2024 in Arlington Heights, IL. In the same period over 34 listings were sold below the listed price and 12 listings were sold for the listed price. The inventory of homes for sale in Arlington Heights, IL between July 2024 and August 2024 decreased by 0.7%. In August 2024 median list price was $419,350 and the average listing age was 11 days.

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

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