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Highland Park 60035 Sunset Terrace
1842 Sunset Road
$550,000
● House - Off Market

1842 Sunset Road

Highland Park, IL 60035
bedrooms
5 Beds
bathrooms
3 Baths
square feet
1,962 Ft²
$557,479
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Well maintained vintage home across from Sunset Woods Park in close proximity to downtown and Lake Michigan! Features an Enclosed Front Porch with Cedar, Hardwood Floors throughout the main floor, Updated Kitchen with 42" Cabinets and Granite Counters, Living Room with Fireplace, Oversized Family Room, Separate Dining Area, Main Floor Master with Dual Closets, 4 Bedrooms and Full Bath on Second Floor, Finished Basement with complete Waterproofing, large Rec Room, Full Bath and Office, Plus an Enclosed Updated 3 Season Room with Newer Windows, Screens and Doors and an oversized 2 Car Garage. Updates include Roof, Downspouts & Gutters, Windows, Siding, Dual Zone Furnace, Hot Water Heater and Electric.
Unit Size
1,962 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$278
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1927

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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 #11410101)

Price History

Date / Event Date Event Price
Jul 1, 2022 Sold
Premium
Sold
May 19, 2022 Listed by Century 21 New Heritage - Huntley $544,900
Listed by Century 21 New Heritage - Huntley

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,308
  • Garage Type: 4
  • Garage Square Area: 572
  • Parking Space Count: 2
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,252
  • Total Building Area: 3,270
  • Gross Building Area: 3,522
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANIGAR BROS. SUNSET TERRACE
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: BRANIGAR BROS. SUNSET TERRACE S1/2 LOT 2 &ALL LOT 3 BLOCK 5

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865400

Geography

  • Assessors Map Reference: 2704-D4
  • District: MORAINE
  • Parcel: 16-22-410-026
  • Block: 5
  • Lot: 2,3
  • Municipality: TWP OF MORAINE
  • Latitude: 42.186
  • Longitude: -87.8089

    Address

  • Full Address: 1842 Sunset Rd
  • Address - House Number: 1842
  • Address - Street Name: Sunset
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C048
  • 4-Digit Zip Code: 2345
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,137,928
  • Tax Rate Code Area: 18004

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 545,686
  • High Value: 639,209
  • Low Value: 452,163

    Market Valuation

  • Market Total Value: $435,562
  • Market Land Value: $174,779
  • Market Improvement Value: $260,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,173
  • Assessed Land Value: $58,254
  • Assessed Improvements Value: $86,919

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7917512
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 Sunset Terrace

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$313

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2290 ft²

Average Home Age

81.2 years

Currently For Sale

0 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 3064 Greenwood Avenue, Highland Park, IL, 60035

$4,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,310 ft²
3064 Greenwood Avenue, Highland Park, IL, 60035 Listing by Alan Meyerowitz
Unit for rent at 20 Webster Avenue, Highwood, IL, 60040

$3,824 /mo

  • 3 Beds
  • 2 Baths
  • 1,791 ft²
20 Webster Avenue #C, Highwood, IL, 60040 Listing by Lauren Evett

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sara Mitchell, Century 21 New Heritage - Huntley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11410101
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 1842 Sunset Road built and last sold?
The property at 1842 Sunset Road was built in 1927 and last sold on Jun 14, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 1842 Sunset Road is $550,349.
What are some comparable homes to 1842 Sunset Road?
There are currently no comparable homes to 1842 Sunset Road.
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