See Home Value
Mount Prospect 60056
1407 W Palm Drive
$335,749*
House - Off Market

1407 W Palm Drive

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1276 Sqft
$297,000 - $363,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model
Sold Apr 06, 2023
$315,000
$252,000 by Draper And Kramer Mortgage Cor
Mortgage Due Apr 01, 2053

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.

The manager has listed the unit size as 1276 square feet.
Unit Size
1,276Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$259
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1960

Price History

Date / Event Date Event Price
Apr 6, 2023 Sold to Purushottambhai Patel, Push... $315,000
Sold to Purushottambhai Patel, Push...
Apr 1, 2023 No longer available -
No longer available
Mar 9, 2023 In contract -
In contract
Mar 1, 2023 Listed $330,000
Listed

Property Highlights

Air Conditioning
Garage

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: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,800
  • Total Building Area: 1,276
  • Gross Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,276
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELK RDG VILLA 01
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PATEL PURUSHOTTAMBHAI
  • Current Owner 2: PATEL PUSHPABEN
  • Previous Owner : LASCIO FAMILY TRUST
  • Ownership Rights Codes: Tenants in Common

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: $6,966
  • 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: 1
  • Total Open Liens Amount: $252,000
  • First Open Lien Mortgage Lender: DRAPER AND KRAMER MORTGAGE COR
  • First Open Lien Mortgage Recording Date: Apr 06, 2023
  • First Open Lien Mortgage Loan Amount: $252,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053

    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 Transaction ID: 11904678960
  • Current Sale Price: $315,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10032

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER AND KRAMER MORTGAGE COR
  • First Mortgage Transaction Date: Apr 06, 2023
  • First Mortgage Loan Amount: $252,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1.5 Baths
1,920 ft²
$171/ft²
$329,000 Feb 15, 2023
-
$553/mo

About Mount Prospect


Similar Homes for Sale


Nearby Rentals

Unit for rent at 10 N Main St, Mt Prospect, IL, 60056

$2,760 /mo

  • 2 Beds
  • 2 Baths
  • 1,133 ft²
10 N Main St #10 N Main St - 506, Mt Prospect, IL, 60056 Listing by Manager


Frequently Asked Questions

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 $330,707.
What are some comparable homes to 1407 West Palm Drive?
Homes that are comparable to 1407 West Palm Drive include a house property at 1506 West Palm Drive, located in Mount Prospect, IL.

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