When was property at 1407 West Palm Drive built and last sold?

The property at 1407 West Palm Drive was built in 1960 and last sold on Mar 27, 2023 for $315,000.

How much is this home worth?

The estimated value of the home located at 1407 West Palm Drive is $333,910.

What are some comparable homes to 1407 West Palm Drive?

There are currently no comparable homes to 1407 West Palm Drive.

Mount Prospect

60056

1407 W Palm Drive

$315,000

● House - Off Market

1407 W Palm Drive

Mount Prospect, IL 60056

4 Beds

2 Baths

1,276 Ft²

$340,059

RealtyHop Estimate

3.05%

Since Apr 1, 2023

National-US

Primary Model

About This Property

Original owner loved this home. Brick ranch on a large corner lot. The home features 4 bedrooms and 2 full baths. Hardwood floors in bedrooms. A large eat-in kitchen needs your finishing touches. The laundry room is off of the attached 2 car garage. This is a solid home in a wonderful Mt. Prospect neighborhood. Multiple offers received. Highest and best by 3:00 Sunday, March 5th.

Unit Size

1,276 Ft²

Days on Market

Land Size

0.25 acres

Price per sqft

$259

Property Type

House

Property Taxes

$196

HOA Dues

Year Built

1960

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11725061)

Price History

Date / Event	Date	Event
Mar 30, 2023	Sold	Premium
Sold
Mar 1, 2023	Listed by Presto Real Estate Services	$330,000
Listed by Presto Real Estate Services

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1960

Effective Year Built: 1960
Building Count: 1
Total Rooms: 6
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 2
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: 10,800

Total Building Area: 1,276
Gross Building Area: 1,276
Building Area: 1,276
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,276
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ELK RDG VILLA 01
Land Acres: 0000000248
Standard Land Use Code: 1001
County Land Use Code: 2-03

Neighborhood

School District Name: Township High School District 214

Census Tract: 805002

Geography

District: 16

Parcel: 08-14-114-001-0000
Lot: 4
Meridian: SEC 14 TWN 41N RNG 11E
Municipality: ELK GROVE
Latitude: 42.0463
Longitude: -87.9572

Address

Full Address: 1407 W Palm Dr

Address - House Number: 1407
Street Direction: W
Address - Street Name: Palm
Address - Suffix Type: Dr
State: IL
City Name: Mount Prospect
Carrier Code: C070
4-Digit Zip Code: 4528
Zip Code: 60056

Valuation

Tax

Tax Year: 2022

Tax Amount: $696,591
Tax Rate Code Area: 16048

Appraisal Valuation

Standard Deviation: 0.2301

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 394,935
High Value: 485,840
Low Value: 304,030

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $340,000

Market Land Value: $108,000
Market Improvement Value: $232,000

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $34,000
Assessed Land Value: $10,800
Assessed Improvements Value: $23,200

Sales

Current Sale Contract Date: Mar 27, 2023

Current Sale Recording Date: Apr 06, 2023
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 10032

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Mount Prospect

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

Average Home Size

1661 ft²

Average Home Age

55.5 years

Currently For Sale

82 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 2673 S Embers Lane, Arlington Heights, IL, 60005

$3,895 /mo

4 Beds
3 Baths
1,814 ft²

2673 S Embers Lane, Arlington Heights, IL, 60005 Listing by Elizabeth Philip

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 2042 S Goebbert Road, Arlington Heights, IL, 60005

$3,800 /mo

3 Beds
2 Baths
2,082 ft²

2042 S Goebbert Road, Arlington Heights, IL, 60005 Listing by Ilona Shumov

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Joanne Rancich, Presto Real Estate Services
Last Updated: 3 years ago
Data Source: MRED, MLS# 11725061

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.

1407 W Palm Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Mount Prospect

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions