See Home Value
$410,000
● House - Off Market

1 Drake Terrace

Prospect Heights, IL 60070
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,576 Ft²
$2,524
Est. Monthly
7.02%
Cap Rate

About This Property

Welcome to Prospect Heights! This charming brick ranch sits on a lush half acre lot in this highly desirable location. Meticulously loved and maintained for many years, it's ready for your personal touch and design ideas! Step inside to discover a well-appointed interior featuring a light and bright front living room, leading into an open concept family and kitchen combination. Don't forget the awesome pocket doors in the kitchen! Take a step out the back door, to your covered patio and beautiful landscaped yard for those relaxing summer nights or backyard BBQ parties! Check out the full basement with a retro wet bar and pool table, perfect for that extra needed space. Functionality is the name of the game with this large laundry room, additional plumbed shower, endless storage and workshop! Enjoy access to fantastic area amenities including parks, Lake Arlington, Lions Park Pool, walking paths, a vibrant park district community and top-notch schools! Copper plumbing, New Well equipment, New backup generator, Newly sealed driveway, Newer gutter guards and so much more! This home is ready for it's new owner who appreciates the character and charm...seize the opportunity to make this your dream ranch before it's gone!
Unit Size
1,576 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$254
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
1957

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #12116913)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Sold
Jul 26, 2024 In contract -
In contract
Jul 21, 2024 Temporarily off market -
Temporarily off market
Jul 20, 2024 Listed by Bold Faith Real Estate, LLC $399,900
Listed by Bold Faith Real Estate, LLC
Jun 15, 2024 In contract -
In contract
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,058
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,277
  • Gross Building Area: 1,277
  • Building Area: 1,277
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,277
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRAKES FIRST ADD TO PROSPECT
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (DRAKES) (FIRST) ADD TO (PROSPECT) HEIGHTS SUB OF S66 3FT OF N 3/4 OF WH NE SEC 15-42-11

Neighborhood

  • School District Name: Prospect Heights School District 23
  • Census Tract: 803014

Geography

  • District: 38
  • Parcel: 03-15-203-001-0000
  • Lot: 1
  • Meridian: SEC 15 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1192
  • Longitude: -87.9364

    Address

  • Full Address: 1 Drake Ter
  • Address - House Number: 1
  • Address - Street Name: Drake
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Prospect Heights
  • Carrier Code: C025
  • 4-Digit Zip Code: 1001
  • Zip Code: 60070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $671,961
  • Tax Rate Code Area: 38049

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 355,258
  • High Value: 436,377
  • Low Value: 274,138

    Market Valuation

  • Market Total Value: $300,030
  • Market Land Value: $150,030
  • Market Improvement Value: $150,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,003
  • Assessed Land Value: $15,003
  • Assessed Improvements Value: $15,000
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Prospect Heights


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Frequently Asked Questions

When was property at 1 Drake Terrace built and last sold?
The property at 1 Drake Terrace was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 Drake Terrace is $405,901.
What are some comparable homes to 1 Drake Terrace?
There are currently no comparable homes to 1 Drake Terrace.