When was property at 505 Banyan Drive built and last sold?

The property at 505 Banyan Drive was built in 1962 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 505 Banyan Drive is $0.

What are some comparable homes to 505 Banyan Drive?

There are currently no comparable homes to 505 Banyan Drive.

Northbrook

60062

505 Banyan Drive

Sold on Jun 4, 2026

Map

$427,000

● House - Off Market

505 Banyan Drive

Northbrook, IL 60062

3 Beds

1 Bath, 1 Half Bath

1,268 Ft²

$2,624

Est. Monthly

About This Property

An excellent investment opportunity is knocking! Situated on a desirable corner lot in a sought-after neighborhood within District 27 schools and Glenbrook North HS, this property offers incredible potential for investors, builders, or buyers ready to bring their vision to life. 1-car attached & 2-car detached garage. Located just one block from Hickory Point Elementary School and only minutes from major roadways including Route 68 and Route 43, as well as easy access to I-294 and I-94, the location simply can't be beat. This home is being sold "as is" making this is a rare opportunity you won't want to miss!

Unit Size

1,268 Ft²

Days on Market

Land Size

Price per sqft

$335

Property Type

House

Property Taxes

$537

HOA Dues

Year Built

1962

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Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1962

Effective Year Built: 1962
Building Count: 1
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 6
Building Style: 41
Exterior Walls Type: 24
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 15
Living Units: 1
Floor Cover: 0
Basement Type: 3
Basement Area: 0
Garage Type: 4
Parking Space Count: 3
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,075

Total Building Area: 1,004
Gross Building Area: 1,004
Building Area: 1,004
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,004
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: LONETREE 02
Land Acres: 0000000231
Standard Land Use Code: 1001
County Land Use Code: 2-34

Neighborhood

School District Name: Northbrook Elementary School District 27

Census Tract: 801601

Geography

District: 25

Parcel: 04-05-312-022-0000
Block: 7
Lot: 7
Meridian: SEC 05 TWN 42N RNG 12E
Municipality: NORTHFIELD
Latitude: 42.1438
Longitude: -87.8655

Address

Full Address: 505 Banyan Dr

Address - House Number: 505
Address - Street Name: Banyan
Address - Suffix Type: Dr
State: IL
City Name: Northbrook
Carrier Code: C054
4-Digit Zip Code: 2214
Zip Code: 60062

Valuation

Tax

Tax Year: 2022

Tax Amount: $593,932
Tax Rate Code Area: 25076

Appraisal Valuation

Standard Deviation: 0.1817

Valuation Date: Mar 20, 2024
Confidence Score: 76
Final Value: 383,702
High Value: 453,432
Low Value: 313,973

Market Valuation

Market Total Value: $297,840

Market Land Value: $110,830
Market Improvement Value: $187,010

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $29,784
Assessed Land Value: $11,083
Assessed Improvements Value: $18,701

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Northbrook

Stats & Trends

Median Asking:

$715,000

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

Average Home Size

2936 ft²

Average Home Age

43.9 years

Currently For Sale

62 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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$5,999 /mo

3 Beds
2 Baths
2,129 ft²

745 Hope Street #C2, Deerfield, IL, 60015 Listing by Stephanie Malk

Unit for rent at 720 Thayer Street, Deerfield, IL, 60015

$5,650 /mo

3 Beds
2 Baths
1,971 ft²

720 Thayer Street #C1, Deerfield, IL, 60015 Listing by Stephanie Malk

Unit for rent at 842 Chestnut Street, Deerfield, IL, 60015

$6,000 /mo

3 Beds
4 Baths
2,585 ft²

842 Chestnut Street #842, Deerfield, IL, 60015 Listing by Iryna Motkalyuk

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Marco Amidei, RE/MAX Suburban
Data Source: MRED, MLS# MRD12601730

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.

505 Banyan Drive

About This Property

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Northbrook

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions