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Highland Park 60035 Ravinia Forest
238 Pierce Road
$560,000
● House - Off Market

238 Pierce Road

Highland Park, IL 60035
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,814 Ft²
$3,839
Est. Monthly
3.81%
Cap Rate

About This Property

Welcome to this one-of-a-kind, sun-filled, hillside ranch-like home with lower level primary ensuite on beautiful tree lined street. Generous room sizes, breathtaking ravine views and exquisite millwork throughout. Cozy living room with fireplace leads into dining area creating a seamless flow for entertaining. Primary suite includes tandem bonus room perfect for office, yoga/exercise or den. Coveted Braeside location ... near schools, train station, Ravinia Festival, North Shore Trail, Botanic Gardens, and easy access to highways. Attached 1-car garage. The character, setting, location and layout make this unique home a must see!!!
Unit Size
2,814 Ft²
Days on Market
-
Land Size
-
Price per sqft
$213
Property Type
House
Property Taxes
$898
HOA Dues
-
Year Built
1951

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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 #11988653)

Price History

Date / Event Date Event Price
May 1, 2024 Sold
Premium
Sold
Mar 6, 2024 Listed by @properties Christie's International Real Estate $599,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,407
  • Garage Type: 1
  • Garage Square Area: 266
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,013
  • Total Building Area: 3,080
  • Gross Building Area: 3,080
  • Building Area: 1,407
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,407
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST ADDN TO RAVINIA FOREST
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: 1ST ADDN TO RAVINIA FOREST LOT 38

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865600

Geography

  • District: MORAINE
  • Parcel: 16-36-403-041
  • Lot: 38
  • Municipality: TWP OF MORAINE
  • Latitude: 42.157
  • Longitude: -87.7708

    Address

  • Full Address: 238 Pierce Rd
  • Address - House Number: 238
  • Address - Street Name: Pierce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C006
  • 4-Digit Zip Code: 5329
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,077,348
  • Tax Rate Code Area: 18007

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 573,570
  • High Value: 693,338
  • Low Value: 453,802

    Market Valuation

  • Market Total Value: $461,200
  • Market Land Value: $138,293
  • Market Improvement Value: $322,907

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,718
  • Assessed Land Value: $46,093
  • Assessed Improvements Value: $107,625

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 05, 2006
  • Current Sale Recording Date: Jun 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6000950
  • Previous Sale Recording Date: Oct 04, 1994
  • Previous Sale Contract Date: Sep 20, 1994
  • Previous Sale Amount: $352,000
  • 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 Ravinia Forest

Stats & Trends

Median Asking:

$858,000

Sale Price/ft²

$299

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2872 ft²

Average Home Age

81 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Jill Briskman, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11988653
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 238 Pierce Road built and last sold?
The property at 238 Pierce Road was built in 1951 and last sold on May 5, 2006 for $515,000.
How much is this home worth?
The estimated value of the home located at 238 Pierce Road is $0.
What are some comparable homes to 238 Pierce Road?
There are currently no comparable homes to 238 Pierce Road.
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