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Palatine 60074
316 N Lytle Drive
$322,500
● House - Off Market

316 N Lytle Drive

Palatine, IL 60074
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,248 Ft²
$2,093
Est. Monthly
12.30%
Cap Rate

About This Property

Great Winston Park location. Bring your own ideas to personalize this home and make it yours. Spacious living spaces and 3 bedrooms on the main level, plus lower level with a 4th bedroom and an additional room that could be a family/recreation room, office or many other possibilities. Kitchen leads to a nice-sized deck that overlooks a big private backyard. Large 2 car attached garage. Walk-in shower could be added to 1/2 bath in lower level. Don't miss this one, it won't last long. Home is being sold "As Is".
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$256
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1963

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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 #11938386)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Dec 7, 2023 Listed by Coldwell Banker Realty $320,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 8,415
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON PARK NORTHWEST UNIT2
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (WINSTON) PARK (NORTHWEST)(UNIT2) SUB IN SEC 13-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803607

Geography

  • District: 29
  • Parcel: 02-13-310-028-0000
  • Block: 22
  • Lot: 34
  • Meridian: SEC 13 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1161
  • Longitude: -88.0181

    Address

  • Full Address: 316 N Lytle Dr
  • Legal Unit: 2
  • Address - House Number: 316
  • Street Direction: N
  • Address - Street Name: Lytle
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C001
  • 4-Digit Zip Code: 5548
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $625,612
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 312,423
  • High Value: 344,011
  • Low Value: 280,834

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $67,320
  • Market Improvement Value: $212,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $6,732
  • Assessed Improvements Value: $21,268

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 41214
  • Previous Sale Recording Date: Oct 27, 1995
  • Previous Sale Contract Date: Jun 19, 1995
  • Previous Sale Document Type: 41
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 Palatine

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1644 ft²

Average Home Age

43.8 years

Currently For Sale

109 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 207 N Wilke Road, Palatine, IL, 60074

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 2,500 ft²
207 N Wilke Road, Palatine, IL, 60074 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Schmidt, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11938386
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 316 North Lytle Drive built and last sold?
The property at 316 North Lytle Drive was built in 1963 and last sold on Feb 8, 2024 for $322,500.
How much is this home worth?
The estimated value of the home located at 316 North Lytle Drive is $0.
What are some comparable homes to 316 North Lytle Drive?
There are currently no comparable homes to 316 North Lytle Drive.
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