See Home Value
Mount Prospect 60056
1603 W Palm Drive
$415,000
● House - Off Market

1603 W Palm Drive

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$2,687
Est. Monthly
6.21%
Cap Rate

About This Property

Nestled in the serene Elk Ridge Villas neighborhood, this delightful ranch-style home offers the perfect blend of comfort and convenience. Boasting 3 bedrooms and 2 bathrooms, this sun-filled residence welcomes you with warmth and charm. The main level of this home features an inviting layout, with ample natural light illuminating every corner. Recent updates in 2022 include new flooring, doors, and fresh paint throughout, adding a modern touch to the interior. Prepare to be impressed by the full finished basement, providing additional living space and endless possibilities for recreation or relaxation. The basement also includes a bonus room, laundry room, and a storage room. An expansive fenced yard awaits, offering plenty of room for outdoor activities and entertaining. Additional updates include a new washer and dryer installed in 2023, as well as a new roof also installed in 2023. Conveniently located between Busse Rd and Golf Rd. Easy CTA bus 208 access to and from Woodfield mall or Evanston. Don't miss the opportunity to make this your new home sweet home. Schedule your showing today!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$307
Property Type
House
Property Taxes
$575
HOA Dues
-
Year Built
1961

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Last updated: 3 years ago (MRED MLS #12049539)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Sold
May 7, 2024 Listed by Baird & Warner $430,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,656
  • Total Building Area: 1,042
  • Gross Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELK RDG VILLA 01
  • Land Acres: 0000000245
  • 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: 08-14-112-003-0000
  • Block: 6
  • Lot: 3
  • Meridian: SEC 14 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0466
  • Longitude: -87.9594

    Address

  • Full Address: 1603 W Palm Dr
  • Address - House Number: 1603
  • Street Direction: W
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C070
  • 4-Digit Zip Code: 4532
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $689,994
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 392,587
  • High Value: 481,993
  • Low Value: 303,181

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $106,560
  • Market Improvement Value: $203,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $10,656
  • Assessed Improvements Value: $20,344

    Sales

  • Current Sale Contract Date: Jun 21, 2017
  • Current Sale Recording Date: Jul 06, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1718710029
  • Previous Sale Recording Date: Oct 26, 2009
  • Previous Sale Contract Date: Oct 20, 2009
  • Previous Sale Amount: $225,000
  • 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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mount Prospect


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Nearby Rentals

Unit for rent at 11 W Prospect Avenue, Mount Prospect, IL, 60056

$2,700 /mo

  • 1 Bed
  • 1 Bath
  • 685 ft²
11 W Prospect Avenue #310, Mount Prospect, IL, 60056 Listing by Lauren Evett
Unit for rent at 1605 E Central Road, Arlington Heights, IL, 60005

$2,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
1605 E Central Road #322C, Arlington Heights, IL, 60005 Listing by Barbara Augustyn Rago


Frequently Asked Questions

When was property at 1603 West Palm Drive built and last sold?
The property at 1603 West Palm Drive was built in 1961 and last sold on Jun 21, 2017 for $305,000.
How much is this home worth?
The estimated value of the home located at 1603 West Palm Drive is $0.
What are some comparable homes to 1603 West Palm Drive?
There are currently no comparable homes to 1603 West Palm Drive.