NOT LISTED FOR SALE

Estimated Value: $814,843

4 Beds
2.5 Baths
2,262 Sq Ft
$360/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $740,000 $327 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,499/month

48 Days on Market

Highlights

  • 0.56 Acre Lot
  • Screened Porch
  • 2.5 Car Attached Garage
  • Elmer H Franzen Intermediate School Rated A
  • Breakfast Room
  • Living Room

About This Home

As of April 2022

We are pleased to present the unique opportunity to purchase a restored Midcentury Modern gem. 321 Arlington sits on one of the most desirable lots in one of the most desirable parts of town, the Old Country Club Estates. This home enjoys a curving corner lot spread over 1/2 acre, set high with sweeping views of mature flora, other well maintained custom homes and the nearby golf course. This setting was undoubtedly not lost on the original architect, Alfred Mell, who was an associate of Mies van der Rohe. With this prime location, blocks to the center of town, your kids can walk to top rated schools while you walk to the train, dinner or the country club for cocktails. The focus of this restoration was to strike a balance between modern efficiencies and maintaining a period correct Midcentury Modern aesthetic. Any fan of this style will be envious of the numerous original custom details such as paneled walls, custom millwork, built-ins, Geneva steel cabinetry, pocket doors, floating slate fireplace hearth, select vintage light fixtures, a tiki bar basement lounge (!!!) and even an NBC doorbell ringtone. Modern upgrades include new bathrooms, main floor laundry, roof, gutters, windows, attic insulation, plumbing & lighting. The floor plan is efficient with unusual features for a midcentury home such as a kitchen open to the dining area, ensuite master bath and a convenient mudroom. Midcentury Modern architectural features include a distinctive south facing wall of windows, 4' soffit overhangs, runway lighting and brick exterior. Additional niceties include new solid white oak floors throughout, Bertazzoni appliances, masonry fireplace, oversized heated garage, pet-washing station, brand new driveway & attached screen porch. Recently featured in Crains Chicago Business, the restored kitchen features new custom walnut counters & backsplash "for a clean-lined forever modern look". This turn-key home exudes classic style combined with modern living. Custom restored, mindful of quality. Builder is a licensed IL realtor.

Last Listed By

Michael Galvin

Avenue Realty LLC License #475150240 Listed on: 02/09/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,317

Year Built

  • Built in 1951 | Remodeled in 2022

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 139x175

Parking

  • 2.5 Car Attached Garage
  • Heated Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,262 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Screened Porch
  • Finished Basement
  • English Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Schools

  • Lake Park High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,317

Year Built

Built in 1951 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1951
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Basement: English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 2262
  • Room Type: Screened Porch, Breakfast Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2262
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 799000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Lake Park High School
  • Middle/Junior School District: 10

Lot Info

  • Lot Size Acres: 0.56
  • Lot Dimensions: 139X175
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 9316.66
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2022
Closed on
Apr 26, 2022
Sold by
Galvin Arlington Home Llc
Bought by
Capelle Nicholas M and Capelle Natalie J
Seller's Agent
Michael Galvin
Avenue Realty LLC
Buyer's Agent
Elaine Pagels
Berkshire Hathaway HomeServices Chicago
List Price
$799,000
Sold Price
$740,000
Premium/Discount to List
-$59,000
-7.38%
Total Days on Market
48
Current Estimated Value
$814,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,843
Avg. Annual Appreciation
3.22%
Original Mortgage
$340,000
Outstanding Balance
$325,281
Interest Rate
4.88%
Mortgage Type
Balloon
Estimated Equity
$488,593

Purchase Details

Closed on
Jul 8, 2021
Sold by
Durso Richard and Estate Of Dolores Marie Durso
Bought by
Galvin Arlington Home Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Capelle Nicholas M $740,000 Chicago Title
Galvin Arlington Home Llc $380,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capelle Nicholas M $340,000
Previous Owner Galvin Arlington Home Llc $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Sold $740,000 -7.4% $327 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $799,000 0.0% $353 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $799,000 -- $353 / 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
2023 $11,413 $158,310 $74,720 $83,590
2022 $10,993 $154,000 $72,290 $81,710
2021 $10,050 $147,510 $69,240 $78,270
2020 $9,317 $141,290 $66,320 $74,970
2019 $9,088 $135,860 $63,770 $72,090
2018 $9,368 $135,870 $63,780 $72,090
2017 $8,796 $129,860 $60,960 $68,900
2016 $8,486 $119,890 $56,280 $63,610
2015 $8,205 $110,750 $51,990 $58,760
2014 $8,433 $108,580 $42,890 $65,690
2013 $8,247 $110,790 $43,760 $67,030
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11320607

Midwest Real Estate Data (MRED)

APN: 03-08-206-006