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Prospect Heights 60070
230 Fairway Drive
$565,000
● House - Off Market

230 Fairway Drive

Prospect Heights, IL 60070
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,442 Ft²
$564,360
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Gorgeous Colonial in Coveted & Rarely Available Fairway Estates. John Hersey High School.Lake Michigan Water. Meticulously Maintained With Many Updates & Upgrades.   Crown Molding Throughout. Open Plan, Spacious Kitchen & Family Room. Wood Burning Fireplace.
Unit Size
2,442 Ft²
Days on Market
-
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
$1,089
HOA Dues
-
Year Built
1987

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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 #11359270)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Mar 30, 2022 Listed by Compass $560,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • 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: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,775
  • Total Building Area: 2,442
  • Gross Building Area: 2,442
  • Building Area: 2,442
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,442
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY ESTATES
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: LOT 52 IN FAIRWAY ESTATES SW4 NE4 O F SEC26 T42N R11E 3P

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802605

Geography

  • District: 38
  • Parcel: 03-26-208-043-0000
  • Lot: 52
  • Meridian: SEC 26 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0886
  • Longitude: -87.9158

    Address

  • Full Address: 230 Fairway Dr
  • Address - House Number: 230
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Prospect Heights
  • Carrier Code: C024
  • 4-Digit Zip Code: 2621
  • Zip Code: 60070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,334,922
  • Tax Rate Code Area: 38004

    Appraisal Valuation

  • Standard Deviation: 0.2032
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 606,538
  • High Value: 729,815
  • Low Value: 483,261

    Market Valuation

  • Market Total Value: $480,000
  • Market Land Value: $70,200
  • Market Improvement Value: $409,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,000
  • Assessed Land Value: $7,020
  • Assessed Improvements Value: $40,980

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4324
  • Previous Sale Recording Date: May 27, 2004
  • Previous Sale Contract Date: May 21, 2004
  • Previous Sale Amount: $484,000
  • Previous Sale Document Type: 71
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 Prospect Heights

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1273 ft²

Average Home Age

54.4 years

Currently For Sale

31 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

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MRED

Listed by: Fergal Tierney, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11359270
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 230 Fairway Drive built and last sold?
The property at 230 Fairway Drive was built in 1987 and last sold on May 20, 2022 for $565,000.
How much is this home worth?
The estimated value of the home located at 230 Fairway Drive is $0.
What are some comparable homes to 230 Fairway Drive?
There are currently no comparable homes to 230 Fairway Drive.
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