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Mount Prospect 60056
2001 W Estates Drive
$320,000
● House - Off Market

2001 W Estates Drive

MOUNT PROSPECT, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$543,333
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

SUPERB IMMACULATELY CARED FOR SPLIT LEVEL WITH A VERY CONVENIENT LOCATION NEAR ELEMENTARY, JR. HIGH AND CLEARWATER PARK WHICH HAS TENNIS COURTS, A PAVED WALKING PATH, PLAYGROUND AND A PICTURESQUE POND. IT IS ALSO CLOSE TO SHOPPING, RESTAURANTS AND TRANSPORTATION. SOME OF THE MORE NOTABLE FEATURES ARE A REDONE KITCHEN WITH MAPLE CABINETS AND CORIAN COUNTERS ( STOVE IS GAS COOK TOP WITH ELEC HIGH END OVEN), REPLACED WINDOWS AND DOORS, 3-4 YR OLD LARGE CONCRETE PATIO, INTERIOR REPAINTED NEUTRAL IN FEB 2017, OAK HRDWD FLOORS UNDER THE CARPET IN LR, HALLWAY AND BEDROOMS, CONCRETE CRAWL FOR STORAGE, FURNC/ AC ( 6 YRS), ROOF ON HOUSE AND GARAGE ( 10 YRS), LAUNDRY ROOM WITH A CONVENIENT OUTSIDE EXIT, HOT WTR HTR ( 2013). PUT THIS EXCELLENT HOME ON YOUR MUST SEE LIST. YOU WON'T BE DISAPPOINTED!
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1970

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #09605589)

Price History

Date / Event Date Event Price
Jul 13, 2017 Sold
Premium
Sold
Apr 25, 2017 Listed by RE/MAX Suburban $339,900
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,560
  • Total Building Area: 1,149
  • Gross Building Area: 1,149
  • Building Area: 1,149
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,149
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL HEIGHTS 11TH
  • Land Acres: 0000000242
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (COLONIAL) (HEIGHTS) (11TH) ADD SUB OF PT OF MEIER BR OTHERS SUB OF PT OF SECS 10&15 & PT OF LT 1 IN OWNERS DIVISION OF SE EX

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-10-419-014-0000
  • Lot: 1
  • Meridian: SEC 10 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0546
  • Longitude: -87.9679

    Address

  • Full Address: 2001 W Estates Dr
  • Address - House Number: 2001
  • Street Direction: W
  • Address - Street Name: Estates
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C055
  • 4-Digit Zip Code: 3522
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $765,047
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 438,849
  • High Value: 527,353
  • Low Value: 350,345

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $105,600
  • Market Improvement Value: $234,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $10,560
  • Assessed Improvements Value: $23,440

    Sales

  • Current Sale Contract Date: Jul 10, 2017
  • Current Sale Recording Date: Jul 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1720710017

    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

40

Average Home Size

1672 ft²

Average Home Age

55.8 years

Currently For Sale

87 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 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: , RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 09605589
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 2001 West Estates Drive built and last sold?
The property at 2001 West Estates Drive was built in 1970 and last sold on Jul 10, 2017 for $320,000.
How much is this home worth?
The estimated value of the home located at 2001 West Estates Drive is $343,299.
What are some comparable homes to 2001 West Estates Drive?
There are currently no comparable homes to 2001 West Estates Drive.
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