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Park Ridge 60068 Park Ridge
508 ROOT Street
$350,000
● House - Off Market

508 ROOT Street

PARK RIDGE, IL 60068
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,326 Ft²
$936,211
RealtyHop Estimate
123.44%
Since Jan 1, 2011
National-US
Primary Model

About This Property

CHARMING ONE OF A KIND HOUSE IN GREAT LOCATION NEAR TOWN AND TRAIN!  SEPARATE ENTRANCE FOR 2ND FLOOR OR ACCESS FROM 1ST FLOOR FOYER.  FRENCH DOORS TO LIVING ROOM WITH FIREPLACE.   LARGE SEPARATE DINING ROOM, KITCHEN WITH EATING AREA OVERLOOKING YARD.  XPERT FLOOD CONTROL SYSTEM.  TAXES REFLECT SENIOR FREEZE. NEW FURNACE 10/2010.  NEW ROOF 11/2010.  GREAT OPPORTUNITY, SEE IT TODAY!
Unit Size
1,326 Ft²
Days on Market
-
Land Size
-
Price per sqft
$316
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
2018

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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,721
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 590
  • Total Building Area: 4,016
  • Gross Building Area: 4,016
  • Building Area: 4,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HODGE & MURISONS
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-08
  • Legal Description 1: (HODGE) & (MURISONS) SUB IN SEC 26-41-12

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805501

Geography

  • District: 22
  • Parcel: 09-26-401-011-0000
  • Block: 4
  • Lot: 1
  • Meridian: SEC 26 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0175
  • Longitude: -87.8347

    Address

  • Full Address: 508 Root St
  • Address - House Number: 508
  • Address - Street Name: Root
  • Address - Suffix Type: St
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C003
  • 4-Digit Zip Code: 3350
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,031,051
  • Tax Rate Code Area: 22031

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 1,253,046
  • High Value: 1,539,167
  • Low Value: 966,925

    Market Valuation

  • Market Total Value: $1,199,730
  • Market Land Value: $210,980
  • Market Improvement Value: $988,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,973
  • Assessed Land Value: $21,098
  • Assessed Improvements Value: $98,875

    Sales

  • Current Sale Contract Date: Jun 19, 2015
  • Current Sale Recording Date: Jul 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1520501037
  • Previous Sale Recording Date: Dec 16, 2010
  • Previous Sale Contract Date: Dec 10, 2010
  • Previous Sale Amount: $350,000
  • 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 Park Ridge

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$296

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2048 ft²

Average Home Age

57.4 years

Currently For Sale

60 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 7432 N Odell Avenue, Chicago, IL, 60631

$4,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,939 ft²
7432 N Odell Avenue, Chicago, IL, 60631 Listing by Alicia Kuzma

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joan Sandrik, Sebastian Co. Real Estate
Data Source: MRED, MLS# MRD07368800
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 508 Root Street built and last sold?
The property at 508 Root Street was built in 2018 and last sold on Jun 19, 2015 for $505,500.
How much is this home worth?
The estimated value of the home located at 508 Root Street is $0.
What are some comparable homes to 508 Root Street?
There are currently no comparable homes to 508 Root Street.
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