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Mount Prospect 60056
1827 W Willow Lane
$330,000
● House - Off Market

1827 W Willow Lane

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,330 Ft²
$401,425
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Welcome to 1827 Willow. Your new home has been well cared for and has only had one owner. This raised ranch has so many opportunities for you. A large living room, eat-in kitchen, nice size rooms and a yard that is perfect for entertaining. This home you will not have to worry about anything, the windows are newer, new AC (2019), newer roof, new driveway and new front deck. Plus, in a great location for shopping, restaurants, expressways and schools.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
-
Price per sqft
$271
Property Type
House
Property Taxes
$189
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 #11172190)

Price History

Date / Event Date Event Price
Nov 2, 2021 Sold
Premium
Sold
Sep 3, 2021 Listed by Century 21 Langos & Christian $359,999
Listed by Century 21 Langos & Christian

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,329
  • Gross Building Area: 1,329
  • Building Area: 1,329
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,329
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELK RIDGE VILLA UNIT6
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (ELK) (RIDGE) VILLA (UNIT6) SUB OF LT1 & PT LT2 IN ED WARD BUSSES DIVN OF SE SEC 15-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805108

Geography

  • District: 16
  • Parcel: 08-15-405-003-0000
  • Lot: 1,2
  • Meridian: SEC 15 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.044
  • Longitude: -87.9677

    Address

  • Full Address: 1827 W Willow Ln
  • Legal Unit: 6
  • Address - House Number: 1827
  • Street Direction: W
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C054
  • 4-Digit Zip Code: 4412
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $825,596
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 406,687
  • High Value: 499,550
  • Low Value: 313,824

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $75,600
  • Market Improvement Value: $254,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $7,560
  • Assessed Improvements Value: $25,440

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2130807845

    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:

$453,500

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1850 ft²

Average Home Age

56.8 years

Currently For Sale

74 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 109 Landmeier Road, Elk Grove Village, IL, 60007

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,310 ft²
109 Landmeier Road, Elk Grove Village, IL, 60007 Listing by Biekhal Alkhalifa
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: Carol Lynn Seifert, Century 21 Langos & Christian
Last Updated: 3 years ago
Data Source: MRED, MLS# 11172190
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 1827 West Willow Lane built and last sold?
The property at 1827 West Willow Lane was built in 1969 and last sold on Oct 28, 2021 for $330,000.
How much is this home worth?
The estimated value of the home located at 1827 West Willow Lane is $0.
What are some comparable homes to 1827 West Willow Lane?
There are currently no comparable homes to 1827 West Willow Lane.
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