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Prospect Heights 60070
1207 Highland Drive
$370,000
● House - Off Market

1207 Highland Drive

Prospect Heights, IL 60070
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,862 Ft²
$405,380
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Spacious brick ranch with full basement on a 1/2 acre lot awaiting your final touches in making this your dream home. Harwood floors under carpet. 24 HOURS NOTICE, PER SELLER'S REQUEST
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$215
Property Type
House
Property Taxes
$839
HOA Dues
-
Year Built
1959

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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 #11232676)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Sep 29, 2021 Listed by Coldwell Banker Realty $399,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 1,862
  • Gross Building Area: 1,862
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EHLER & WENBORGS COUNTRY GARDENS UNIT5
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (EHLER) & (WENBORGS) COUNTRY GARDENS (UNIT5) SUB EX N 660 FT OF W 660 FT IN NW NW SEC 15-42-11

Neighborhood

  • School District Name: Prospect Heights School District 23
  • Census Tract: 803015

Geography

  • District: 38
  • Parcel: 03-15-109-005-0000
  • Lot: 16
  • Meridian: SEC 15 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1229
  • Longitude: -87.943

    Address

  • Full Address: 1207 Highland Dr
  • Legal Unit: 5
  • Address - House Number: 1207
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Prospect Heights
  • Carrier Code: C021
  • 4-Digit Zip Code: 1017
  • Zip Code: 60070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $974,411
  • Tax Rate Code Area: 38032

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 442,348
  • High Value: 544,737
  • Low Value: 339,959

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $160,000
  • Market Improvement Value: $220,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $22,000

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: May 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2212301304
  • Previous Sale Recording Date: May 03, 2022
  • Previous Sale Contract Date: Apr 29, 2022
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Prospect Heights

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1498 ft²

Average Home Age

53.6 years

Currently For Sale

33 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 700 N Maple Street, Prospect Heights, IL, 60070

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 4,400 ft²
700 N Maple Street, Prospect Heights, IL, 60070 Listing by Carolyn Goodman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Antonio Arce, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11232676
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 1207 Highland Drive built and last sold?
The property at 1207 Highland Drive was built in 1959 and last sold on Apr 29, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 1207 Highland Drive is $0.
What are some comparable homes to 1207 Highland Drive?
There are currently no comparable homes to 1207 Highland Drive.
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