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Mount Prospect 60056
1703 W Myrtle Drive
$391,000
● House - Off Market

1703 W Myrtle Drive

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,116 Ft²
$420,137
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Beautifully maintained and updated All brick ranch with Full finished Basement. 3 Bedrooms and 2.1 Baths.  Open concept Living room & Kitchen. Attached garage, Large Deck and great size yard.  Nothing to do here but move in! Granite Tops, Gorgeous Cabinets, Hardwood Floors, Newer Windows. Near School, Park, Shopping, Golf and more.
Unit Size
1,116 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$358
Property Type
House
Property Taxes
$534
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11275589)

Price History

Date / Event Date Event Price
Feb 15, 2022 Sold
Premium
Sold
Nov 25, 2021 Listed by RE/MAX Destiny $399,000
Listed by RE/MAX Destiny

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 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: 10,036
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 1,116
  • Gross Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL HEIGHTS FIRST
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (COLONIAL) (HEIGHTS) (FIRST) ADD SUB OF PTS OF LTS 5- 7 IN OWNERS DIVISION OF SE EXCEPT WH OF SW SE SEC 10-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805109

Geography

  • District: 16
  • Parcel: 08-10-409-010-0000
  • Lot: 5-7
  • Meridian: SEC 10 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0541
  • Longitude: -87.9626

    Address

  • Full Address: 1703 W Myrtle Dr
  • Address - House Number: 1703
  • Street Direction: W
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C055
  • 4-Digit Zip Code: 3552
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $815,080
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 417,564
  • High Value: 512,659
  • Low Value: 322,470

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $100,360
  • Market Improvement Value: $259,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $10,036
  • Assessed Improvements Value: $25,964

    Sales

  • Current Sale Contract Date: Feb 10, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2206841058
  • Previous Sale Recording Date: Oct 05, 2011
  • Previous Sale Contract Date: Sep 23, 2011
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71
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 Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1854 ft²

Average Home Age

57.4 years

Currently For Sale

76 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 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Giuseppe Battista, RE/MAX Destiny
Last Updated: 3 years ago
Data Source: MRED, MLS# 11275589
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 1703 West Myrtle Drive built and last sold?
The property at 1703 West Myrtle Drive was built in 1963 and last sold on Feb 10, 2022 for $391,000.
How much is this home worth?
The estimated value of the home located at 1703 West Myrtle Drive is $0.
What are some comparable homes to 1703 West Myrtle Drive?
There are currently no comparable homes to 1703 West Myrtle Drive.
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