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Glencoe 60022
1085 ELM RIDGE Drive
$965,000
● House - Off Market

1085 ELM RIDGE Drive

Glencoe, IL 60022
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,465 Ft²
$1,097,577
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Alert Glencoe-Skokie Ridge Subdivision.  CALLING ALL DEVELOPERS, builders, and unique home buyers!! Hurry, don't wait one more day! Large Home ON SERENE STREET IN EXCLUSIVE HOT SUBURB. Features include 4bed,3.5 Bath with full basement and built-in pool!!! Many options are available. Fix up, add on, or build new! Your choice. The lot is roughly 1/2 acre. The Home is in good condition, and it just needs some updates. The pool is in working condition; however, it requires minor maintenance and supplies to open. (about 10-15K). Most of the block has been gentrified with many new homes.
Unit Size
4,465 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$243
Property Type
House
Property Taxes
$1,547
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11370374)

Price History

Date / Event Date Event Price
Jun 3, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by Coldwell Banker Realty $1,085,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 15,100
  • Total Building Area: 2,803
  • Gross Building Area: 2,803
  • Building Area: 2,803
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,803
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAIRD & WARNERS SKOKIE
  • Land Acres: 0000000347
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (BAIRD) & (WARNERS) (SKOKIE) RIDGE SUB IN THE EH SE SEC 01-42-12

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 800200

Geography

  • District: 23
  • Parcel: 04-01-411-012-0000
  • Lot: 14
  • Meridian: SEC 01 TWN 42N RNG 12E
  • Municipality: NEW TRIER
  • Latitude: 42.1418
  • Longitude: -87.7704

    Address

  • Full Address: 1085 Elm Ridge Dr
  • Address - House Number: 1085
  • Address - Street Name: Elm Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Glencoe
  • Carrier Code: C008
  • 4-Digit Zip Code: 1163
  • Zip Code: 60022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,306,207
  • Tax Rate Code Area: 23006

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,179,539
  • High Value: 1,449,577
  • Low Value: 909,502

    Market Valuation

  • Market Total Value: $1,070,000
  • Market Land Value: $271,800
  • Market Improvement Value: $798,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,000
  • Assessed Land Value: $27,180
  • Assessed Improvements Value: $79,820

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12344
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Glencoe

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

43

Average Home Size

5605 ft²

Average Home Age

38.9 years

Currently For Sale

23 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 310 Jackson Avenue, Glencoe, IL, 60022

$3,800 /mo

  • 2 Beds
  • 2 Baths
310 Jackson Avenue, Glencoe, IL, 60022 Listing by Monica Childs
Unit for rent at 639 Melody Lane, Highland Park, IL, 60035

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,368 ft²
639 Melody Lane, Highland Park, IL, 60035 Listing by Debra Baker

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Chaz Walters, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11370374
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1085 Elm Ridge Drive built and last sold?
The property at 1085 Elm Ridge Drive was built in 1951 and last sold on Jun 1, 2022 for $965,000.
How much is this home worth?
The estimated value of the home located at 1085 Elm Ridge Drive is $1,157,740.
What are some comparable homes to 1085 Elm Ridge Drive?
There are currently no comparable homes to 1085 Elm Ridge Drive.
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