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Highland Park 60035
3501 Summit Avenue
$665,900
● House - Off Market

3501 Summit Avenue

Highland Park, IL 60035
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,800 Ft²
$646,359
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This Mid Century Modern Highlands home is beautifully updated and decorated.  The home features an open and bright floor plan, hardwood flooring, newer primary bath, 2 fireplaces, convenient guest/nanny suite, and a backyard that is an entertainers DREAM!  Updated kitchen with stone/butcher block counters, stainless appliances, and two pantries!  The home is light and bright with neutral decor throughout. Dramatic beamed vaulted ceilings.  Huge Family Room addition with fireplace and bar.  Sit in your inviting living room while looking out on to your patio and yard.  Beautifully landscaped and fenced back yard backs up to Old Elm Park. Metra Train Station is a 5 minute walk and neighborhood schools are down the street.  Easy access to Rt 41.  Beautiful home on an amazing landscaped lot.  Show with confidence!
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$232
Property Type
House
Property Taxes
$1,055
HOA Dues
-
Year Built
1954

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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 #11806956)

Price History

Date / Event Date Event Price
Aug 10, 2023 Sold
Premium
Sold
Jun 13, 2023 Listed by @properties Christie's International Real Estate $650,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 39
  • Exterior Walls Type: 2
  • 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: 644
  • Garage Type: 1
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,950
  • Total Building Area: 2,575
  • Gross Building Area: 2,575
  • Building Area: 1,679
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,679
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KRENN & DATOS HIGHLAND PARK ADD- SUB
  • Land Acres: 0000000297
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: KRENN & DATOS HIGHLAND PARK ADD- SUB NO.1 LOT 28

Neighborhood

  • School District Name: Township High School District 113
  • Census Tract: 865300

Geography

  • Assessors Map Reference: 2650-B7
  • District: MORAINE
  • Parcel: 16-10-308-003
  • Lot: 28
  • Municipality: TWP OF MORAINE
  • Latitude: 42.2161
  • Longitude: -87.8243

    Address

  • Full Address: 3501 Summit Ave
  • Address - House Number: 3501
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Highland Park
  • Carrier Code: C019
  • 4-Digit Zip Code: 1113
  • Zip Code: 60035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,265,644
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 18007

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 615,378
  • High Value: 720,447
  • Low Value: 510,310

    Market Valuation

  • Market Total Value: $458,170
  • Market Land Value: $147,762
  • Market Improvement Value: $310,408

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,708
  • Assessed Land Value: $49,249
  • Assessed Improvements Value: $103,459

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7991092
  • Previous Sale Recording Date: Sep 16, 2016
  • Previous Sale Contract Date: Aug 30, 2016
  • Previous Sale Amount: $459,000
  • 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 Highland Park

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$314

Below Asking

0.01%

Average Days on Market

44

Average Home Size

3872 ft²

Average Home Age

66.6 years

Currently For Sale

50 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 546 Green Bay Road, Highwood, IL, 60040

$3,116 /mo

  • 2 Beds
  • 2 Baths
  • 1,231 ft²
546 Green Bay Road #310, Highwood, IL, 60040 Listing by Christopher Dumitru

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sean Glascott, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11806956
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 3501 Summit Avenue built and last sold?
The property at 3501 Summit Avenue was built in 1954 and last sold on Jul 26, 2023 for $666,000.
How much is this home worth?
The estimated value of the home located at 3501 Summit Avenue is $0.
What are some comparable homes to 3501 Summit Avenue?
There are currently no comparable homes to 3501 Summit Avenue.
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