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Mount Prospect 60056
1705 N Laurel Drive
$348,500
● House - Off Market

1705 N Laurel Drive

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,893 Ft²
$407,760
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Original owner, well-built brick ranch with 2-car attached garage in desirable Mount Prospect location on a quiet street. Open kitchen to family room, 3 sizable bedrooms, 2 full baths, laundry on first floor, stone gas fireplace in living room. Hardwood floors in kitchen, family room, all three bedrooms, and hallway. Approximately 1900 sf above ground living space on a 9880 sf lot. Huge unfinished, full basement perfect for family gatherings and entertainment. Generous backyard with cement patio. Well-maintained HVAC systems. Walk to Aspen Trails Park. This is an Estate Sale and is being sold "As-Is"
Unit Size
1,893 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$184
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1969

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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 #11042242)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
Apr 17, 2021 Listed by Coldwell Banker Realty $348,500
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • 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: 9,880
  • Total Building Area: 1,893
  • Gross Building Area: 1,893
  • Building Area: 1,893
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,893
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRICKMAN MANOR 03 ADD 03
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802610

Geography

  • District: 38
  • Parcel: 03-24-313-035-0000
  • Lot: 297
  • Meridian: SEC 24 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0985
  • Longitude: -87.9025

    Address

  • Full Address: 1705 N Laurel Dr
  • Address - House Number: 1705
  • Street Direction: N
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C095
  • 4-Digit Zip Code: 1650
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,036,705
  • Tax Rate Code Area: 38087

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 437,251
  • High Value: 536,829
  • Low Value: 337,673

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $88,920
  • Market Improvement Value: $251,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $8,892
  • Assessed Improvements Value: $25,108

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2120828700

    Financing

  • First Mortgage Financing Type: FIX
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:

$459,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1647 ft²

Average Home Age

55.6 years

Currently For Sale

81 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 4731 Lilac Avenue, Glenview, IL, 60025

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,900 ft²
4731 Lilac Avenue, Glenview, IL, 60025 Listing by Michael Zapart

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Harczak, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11042242
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 1705 North Laurel Drive built and last sold?
The property at 1705 North Laurel Drive was built in 1969 and last sold on Jun 22, 2021 for $348,500.
How much is this home worth?
The estimated value of the home located at 1705 North Laurel Drive is $360,340.
What are some comparable homes to 1705 North Laurel Drive?
There are currently no comparable homes to 1705 North Laurel Drive.
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