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Winnetka 60093
1580 Tower Road
$850,000
● Land - Off Market

1580 Tower Road

Winnetka, IL 60093
bedrooms
Studio
bathrooms
0 Bath
$947,455
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

This is your incredible opportunity to buy a beautiful wooded and rectangular VACANT lot that is PERMIT-READY and ready-to-build! The lengthy demo process is done; the site is cleaned and it's ready to build in and established neighborhood in incorporated Winnetka! Fabulous 1/2+ acre lot for your custom home. South-facing back yard, outlined by towering trees. Approximately 104' x 210'. NOT IN FLOOD PLAIN! District 36 Hubbard Woods Elementary and Carleton Washburne Middle School and New Trier High School. And a park nearby! Yes -- here is your present to yourself! Make this your year to create the new construction home of your dreams! Survey is posted under "Additional Information." This property is also available as a proposed construction package; see listing number 11352316.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,334
HOA Dues
-
Year Built
1955

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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 #10951955)

Price History

Date / Event Date Event Price
Jan 20, 2023 Sold
Premium
Sold
Dec 11, 2020 Listed by Berkshire Hathaway HomeServices Chicago $895,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 7
  • Bedroom Count: 4
  • Full Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • 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: 21,781
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 2,188
  • Gross Building Area: 2,188
  • Building Area: 2,188
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,188
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ADJ BLKS ANDERSONS ADD GLE NCOE SUB
  • Land Acres: 0000000500
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00
  • Legal Description 1: (FORESTVIEW)RESUB LTS1-12& 14-17 WITH VAC FORESTVIEW RD IN FORESTVIEW RESUB BLKS1-3,7-8 WITH VAC S&A IN & ADJ BLKS ANDERSONS

Neighborhood

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

Geography

  • District: 23
  • Parcel: 05-18-308-033-0000
  • Block: 1-3
  • Lot: 1-12
  • Meridian: SEC 18 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.1155
  • Longitude: -87.7631

    Address

  • Full Address: 1580 Tower Rd
  • Address - House Number: 1580
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Winnetka
  • Carrier Code: C008
  • 4-Digit Zip Code: 1331
  • Zip Code: 60093

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $665,520
  • Tax Rate Code Area: 23008

    Market Valuation

  • Market Total Value: $304,930
  • Market Land Value: $304,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,493
  • Assessed Land Value: $30,493

    Sales

  • Current Sale Contract Date: Jan 12, 2023
  • Current Sale Recording Date: Feb 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 55024
  • Previous Sale Recording Date: Jul 01, 2005
  • Previous Sale Contract Date: Jun 17, 2005
  • Previous Sale Amount: $900,000
  • 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

$492

Above Asking

0.00%

Average Days on Market

42

Average Home Size

4995 ft²

Average Home Age

41.4 years

Currently For Sale

9 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

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MRED

Listed by: Deborah Fischer, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 10951955
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 1580 Tower Road built and last sold?
The property at 1580 Tower Road was built in 1955 and last sold on Jan 12, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 1580 Tower Road is $903,950.
What are some comparable homes to 1580 Tower Road?
There are currently no comparable homes to 1580 Tower Road.
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