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Winnetka 60093
1460 Tower Road
$1,050,000
● House - Off Market

1460 Tower Road

Winnetka, IL 60093
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,970 Ft²
$1,096,899
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Wow!  A .983 acre lot with full backyard views of the 12th hole of the Winnetka Golf Course plus a full-size tennis court?  Unheard of in Winnetka!  For the rehabbers, the existing home is a cedar sided, 4 bedroom, 3.1 bath plus bonus room on two floors with an unfinished basement, first floor laundry and attached garage.  The home is set back from Tower Road with a long driveway to access the home.  A large deck off the back of the home can be accessed by all the first floor living spaces - this house was designed to showcase the expansive outdoor spaces.  For the builders, the lot is 100 x 455.64 x 88.73 x 445.47.  A portion of the lot is in the flood plain.  Do not walk the lot as the home is occupied!
Unit Size
3,970 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$277
Property Type
House
Property Taxes
$1,940
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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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 #11795382)

Price History

Date / Event Date Event Price
Jul 5, 2023 Sold
Premium
Sold
May 31, 2023 Listed by @properties Christie's International Real Estate $1,099,900
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • 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: 42,819
  • Total Building Area: 3,970
  • Gross Building Area: 3,970
  • Building Area: 3,970
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,970
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYTTONS SUB
  • Land Acres: 0000000983
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06

Neighborhood

  • School District Name: Winnetka School District 36
  • Census Tract: 800300

Geography

  • District: 23
  • Parcel: 05-18-401-010-0000
  • Lot: 4
  • Meridian: SEC 18 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.1152
  • Longitude: -87.7582

    Address

  • Full Address: 1460 Tower Rd
  • Address - House Number: 1460
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Winnetka
  • Carrier Code: C008
  • 4-Digit Zip Code: 1629
  • Zip Code: 60093

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,127,980
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 23008

    Appraisal Valuation

  • Standard Deviation: 0.2009
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 1,121,813
  • High Value: 1,347,285
  • Low Value: 896,342

    Market Valuation

  • Market Total Value: $975,010
  • Market Land Value: $669,690
  • Market Improvement Value: $305,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,501
  • Assessed Land Value: $66,969
  • Assessed Improvements Value: $30,532

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12088
  • Previous Sale Recording Date: Mar 26, 2019
  • Previous Sale Contract Date: Mar 22, 2019
  • Previous Sale Amount: $975,000
  • Previous Sale Document Type: 27
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 Winnetka

Stats & Trends

Median Asking:

$1,850,000

Sale Price/ft²

$488

Above Asking

0.00%

Average Days on Market

43

Average Home Size

5322 ft²

Average Home Age

30.7 years

Currently For Sale

10 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 281 Graemere Street, Northfield, IL, 60093

$4,200 /mo

  • 4 Beds
  • 2 Baths
  • 3,000 ft²
281 Graemere Street, Northfield, IL, 60093 Listing by Monica Childs
Unit for rent at 1862 Old Willow Road, Northfield, IL, 60093

$3,900 /mo

  • 3 Beds
  • 2 Baths
1862 Old Willow Road, Northfield, IL, 60093 Listing by Gloria Matlin

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christie Ascione, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11795382
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 1460 Tower Road built and last sold?
The property at 1460 Tower Road was built in 1926 and last sold on Jun 13, 2023 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 1460 Tower Road is $0.
What are some comparable homes to 1460 Tower Road?
There are currently no comparable homes to 1460 Tower Road.
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