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Mount Prospect 60056
1908 E Ivy Lane
$460,000
● House - Off Market

1908 E Ivy Lane

Mount Prospect, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,726 Ft²
$430,824
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Cute, charming and cozy best describe this stunning home, with natural lighting abounding from each corner. The minute you entry the foyer, you feel home. Open floor concept. Spacious and bright living room with custom made stone wall w/electric fire place & book shelves. Modern kitchen with white cabinetry, quartz counter and ss appliances w/window overlooking a very generous fenced in backyard.  Each bedroom has high quality carpeting and custom made closet organizers. Updated bathrooms. Finished lower level w/office space and laundry/utility room. Large crawl space as well. A maintenance free home with attention to details. Improvements include: newer windows, siding, windows, flooring, electrical system, paint, patio and more. Convenient location close to forest preserve, parks, shopping and schools.
Unit Size
1,726 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$246
Property Type
House
Property Taxes
$694
HOA Dues
-
Year Built
1965

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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 #11375535)

Price History

Date / Event Date Event Price
Apr 26, 2022 Sold
Premium
Sold
Apr 14, 2022 Listed by Berkshire Hathaway HomeServices Chicago $425,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,108
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,276
  • Gross Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESUBDIVISION OF LTS1-121 INCL FOREST
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (RESUBDIVISION) OF LTS1-121 INCL FOREST MANOR UNIT NO 1 SUB IN SW SE SEC 25-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802701

Geography

  • District: 38
  • Parcel: 03-25-403-021-0000
  • Lot: 1-121
  • Meridian: SEC 25 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0857
  • Longitude: -87.8969

    Address

  • Full Address: 1908 E Kiowa Ln
  • Legal Unit: 1
  • Address - House Number: 1908
  • Street Direction: E
  • Address - Street Name: Kiowa
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C094
  • 4-Digit Zip Code: 1840
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $707,738
  • Tax Rate Code Area: 38044

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 409,565
  • High Value: 502,437
  • Low Value: 316,693

    Market Valuation

  • Market Total Value: $279,920
  • Market Land Value: $81,970
  • Market Improvement Value: $197,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,992
  • Assessed Land Value: $8,197
  • Assessed Improvements Value: $19,795

    Sales

  • Current Sale Contract Date: Jul 12, 2020
  • Current Sale Recording Date: Sep 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2026807164
  • Previous Sale Recording Date: Jan 25, 2008
  • Previous Sale Contract Date: Dec 06, 2007
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 68
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

40

Average Home Size

1751 ft²

Average Home Age

55.6 years

Currently For Sale

91 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

Currently no nearby rentals
MRED

Listed by: Angela Hotca-Roos, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11375535
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 1908 East Ivy Lane built and last sold?
The property at 1908 East Ivy Lane was built in 1965 and last sold on Jul 12, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 1908 East Ivy Lane is $431,942.
What are some comparable homes to 1908 East Ivy Lane?
There are currently no comparable homes to 1908 East Ivy Lane.
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