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Wilmette 60091
501-1/2 Ridge Road
$310,000
● House - Off Market

501-1/2 Ridge Road

Wilmette, IL 60091
bedrooms
2 Beds
bathrooms
1 Bath
square feet
953 Ft²
$2,056
Est. Monthly
7.09%
Cap Rate

About This Property

Welcome to this darling townhome offering 2 bedrooms, 1 bathroom, and a full basement in wonderful Wilmette. The bright kitchen boats newer appliances and gorgeous countertops. The bathroom has recently been updated in a timeless design. Relax in the living room which is basked in natural light creating a calm oasis. Beautiful hardwood flooring throughout (tiled flooring in the kitchen). The large unfinished basement is the perfect place for a family room or home office. This gem is located near the best shopping and dining, close access to metra/expressways, as well as beautiful parks. Award winning schools top off this lovely property: McKenzie Elementary, Hillcrest Middle School, Wilmette Jr. High and New Trier High School. Laundry room in the basement, 1 car garage, central heat and air. Come and take a look!
Unit Size
953 Ft²
Days on Market
-
Land Size
-
Price per sqft
$344
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1954

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 10
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,912
  • Total Building Area: 953
  • Gross Building Area: 953
  • Building Area: 953
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 953
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE CREST
  • Land Acres: 0000000044
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-10
  • Legal Description 1: (PINE)(CREST) A SUB OF PT OF NH SE NW SEC 33-42-13

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801000

Geography

  • District: 23
  • Parcel: 05-33-115-083-0000
  • Block: 4
  • Lot: 4,5
  • Meridian: SEC 33 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0738
  • Longitude: -87.7228

    Address

  • Full Address: 501 Ridge Rd
  • Address - House Number: 501
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C035
  • 4-Digit Zip Code: 2448
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $420,500
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 311,470
  • High Value: 368,073
  • Low Value: 254,867

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $50,000
  • Market Improvement Value: $180,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $18,000

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Aug 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8097
  • Previous Sale Recording Date: May 19, 2015
  • Previous Sale Contract Date: May 04, 2015
  • Previous Sale Amount: $231,500
  • 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 Wilmette

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$408

Above Asking

0.00%

Average Days on Market

42

Average Home Size

2038 ft²

Average Home Age

43.1 years

Currently For Sale

34 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 2017 Foster Street, Evanston, IL, 60201

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
2017 Foster Street #1, Evanston, IL, 60201 Listing by Yolanda Weathers
Unit for rent at 2030 Dodge Avenue, Evanston, IL, 60201

$2,600 /mo

  • 4 Beds
  • 1 Bath
  • 1,366 ft²
2030 Dodge Avenue #2, Evanston, IL, 60201 Listing by Talha Lodhi
Unit for rent at 8950 Skokie Boulevard, Skokie, IL, 60077

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,056 ft²
8950 Skokie Boulevard #B, Skokie, IL, 60077 Listing by Odisho Kena

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Connie Dornan, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12354637
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 501 Ridge Road built and last sold?
The property at 501 Ridge Road was built in 1954 and last sold on Jul 27, 2022 for $270,000.
How much is this home worth?
The estimated value of the home located at 501 Ridge Road is $0.
What are some comparable homes to 501 Ridge Road?
There are currently no comparable homes to 501 Ridge Road.
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