201 West Prospect Avenue

201 West Prospect Avenue in Mount Prospect, IL was first built in 1966 and is 58 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a high-rise style. It is a single story home. In total, the area measurement of the land is 4,682 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 201 West Prospect Avenue was last sold in Nov 7, 2017 for $140,000. Current property owners are expected to pay $13,909 in taxes per year. The property on 201 West Prospect Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $51,931. To break that down further, the land itself was valued at $17,558. While improvements to the property were assessed at a total of $34,373. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.