For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Mount Prospect 60056
1114 S Tamarack Drive
$440,000
● House - Off Market

1114 S Tamarack Drive

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,184 Ft²
$480,748
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This move-in ready Mount Prospect Colonial offers 4 bedrooms, 2 1/2 baths, a bright living room with an adjoining dining room, an outstanding new kitchen, 1st floor family room next to the kitchen with a fireplace and sliding patio doors from the family room to the backyard deck, updated bathrooms, a spacious basement ready for your finishing touches and a 2-car attached garage. This home has many great features; windows have been replaced, freshly painted throughout, electric panel has been recently updated, new central air and a new concrete driveway. This home will not disappoint you!
Unit Size
2,184 Ft²
Days on Market
-
Land Size
-
Price per sqft
$215
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1974

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11392290)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
May 16, 2022 Listed by Berkshire Hathaway HomeServices Starck Real Estate $469,900
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • 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: 8,385
  • Total Building Area: 2,184
  • Gross Building Area: 2,184
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELK RIDGE VILLA UNIT7
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (ELK) (RIDGE) VILLA (UNIT7) SUB OF PT OF LT 5 IN DIVI SION OF LOUIS F BUSSES FARM BEING NE EXCEPT W 686.4FT OF NW OF SAID NE

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805108

Geography

  • District: 16
  • Parcel: 08-15-212-006-0000
  • Lot: 5
  • Meridian: SEC 15 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0453
  • Longitude: -87.9697

    Address

  • Full Address: 1114 S Tamarack Dr
  • Legal Unit: 7
  • Address - House Number: 1114
  • Street Direction: S
  • Address - Street Name: Tamarack
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C060
  • 4-Digit Zip Code: 4409
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $796,640
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 477,267
  • High Value: 584,851
  • Low Value: 369,684

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $88,040
  • Market Improvement Value: $291,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $8,804
  • Assessed Improvements Value: $29,196

    Sales

  • Current Sale Contract Date: Jul 14, 2022
  • Current Sale Recording Date: Aug 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13046
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 Mount Prospect

Stats & Trends

Median Asking:

$459,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1699 ft²

Average Home Age

55.6 years

Currently For Sale

88 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 1802 W Willow Lane, Mount Prospect, IL, 60056

$3,700 /mo

  • 4 Beds
  • 2 Baths
1802 W Willow Lane #1802, Mount Prospect, IL, 60056 Listing by Sunil Gupta
Unit for rent at 2673 S Embers Lane, Arlington Heights, IL, 60005

$3,600 /mo

  • 4 Beds
  • 3 Baths
  • 1,814 ft²
2673 S Embers Lane, Arlington Heights, IL, 60005 Listing by Elizabeth Philip

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Zander, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11392290
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 1114 South Tamarack Drive built and last sold?
The property at 1114 South Tamarack Drive was built in 1974 and last sold on Jul 14, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 1114 South Tamarack Drive is $0.
What are some comparable homes to 1114 South Tamarack Drive?
There are currently no comparable homes to 1114 South Tamarack Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Elk Grove Homes for Sale
Elk Grove Houses for Sale
Elk Grove Condos for Sale
Elk Grove Townhouses for Sale
Elk Grove Multifamily for Sale
Elk Grove Land for Sale
Elk Grove Commercial for Sale
Elk Grove Homes with Basements
Nearby Cities
Schaumburg Homes for Sale
Palatine Homes for Sale
Arlington Heights Homes for Sale
Des Plaines Homes for Sale
Park Ridge Homes for Sale
Mount Prospect Homes for Sale
Glenview Homes for Sale
Northbrook Homes for Sale
Nearby Property Records
DuPage County, IL Property Records
Kane County, IL Property Records
Cook County, IL Property Records
Lake County, IL Property Records
McHenry County, IL Property Records
Will County, IL Property Records
DeKalb County, IL Property Records
Kenosha County, WI Property Records
Neighborhoods
Norridge Real Estate
Belmont Heights Real Estate
Edison Park Real Estate
O'Hare Real Estate
Irving Woods Real Estate
Nearby Counties
Wheeling Homes for Sale
Maine Homes for Sale
Schaumburg Homes for Sale
Palatine Homes for Sale
Bloomingdale Homes for Sale
Northfield Homes for Sale
Leyden Homes for Sale
Addison Homes for Sale
Top Real Estate Agents
Top Agents in Elk Grove
Top Agents in Wheeling
Top Agents in Maine
Top Agents in Schaumburg
Top Agents in Palatine
Top Agents in Bloomingdale
Top Agents in Northfield
Top Agents in Schaumburg