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Glencoe 60022
578 WASHINGTON
$2,060,000
● House - Off Market

578 WASHINGTON

GLENCOE, IL 60022
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$3,667,383
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

SOPHISTICATED AND ELEGANTLY APPOINTED RESIDENCE BY CBI HOMES SITUATED IN PRIME LOCATION, STEPS FROM THE 18TH FAIRWAY AT SKOKIE COUNTRY CLUB. MAGNIFICENT DETAIL IN MOLDINGS, STONE FINISHES AND HIGH END KITCHEN AND BATHS. JUST UNPACK YOUR BAGS. SEE BROCHURE. RENTAL POSSIBILITIES AVAILABLE, SEE AGENT!
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,911
HOA Dues
-
Year Built
2002

Payment Calculator

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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.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,900
  • Lot Size Depth Feet: 1,720
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,905
  • Gross Building Area: 3,905
  • Building Area: 3,905
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,905
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GORMLEYS ADD TO GLENCOE
  • Land Acres: 0000000296
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-08
  • Legal Description 1: (GORMLEYS) ADD TO (GLENCOE) A SUB OF THE SW OF SEC7 & THE WH OF THE NE OF THE NW OF SEC18 SW SEC 07-42-13

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 800200

Geography

  • District: 23
  • Parcel: 05-07-305-002-0000
  • Block: 7
  • Lot: 9,10
  • Meridian: SEC 07 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.1288
  • Longitude: -87.7651

    Address

  • Full Address: 578 Washington Ave
  • Address - House Number: 578
  • Address - Street Name: Washington
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Glencoe
  • Carrier Code: C004
  • 4-Digit Zip Code: 1837
  • Zip Code: 60022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,528,731
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 23006

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 1,854,537
  • High Value: 2,231,169
  • Low Value: 1,477,906

    Market Valuation

  • Market Total Value: $1,577,210
  • Market Land Value: $283,800
  • Market Improvement Value: $1,293,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,721
  • Assessed Land Value: $28,380
  • Assessed Improvements Value: $129,341

    Sales

  • Current Sale Contract Date: Mar 27, 2008
  • Current Sale Recording Date: Jul 25, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0820755000
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Contract Date: Feb 19, 2007
  • Previous Sale Amount: $2,060,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Glencoe

Stats & Trends

Median Asking:

$2,099,000

Sale Price/ft²

$441

Below Asking

0.01%

Average Days on Market

41

Average Home Size

5858 ft²

Average Home Age

26.6 years

Currently For Sale

17 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 158 Green Bay Road, Glencoe, IL, 60022

$3,745 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
158 Green Bay Road, Glencoe, IL, 60022 Listing by Edward Papabathini
Unit for rent at 1862 Old Willow Road, Northfield, IL, 60093

$3,900 /mo

  • 3 Beds
  • 2 Baths
1862 Old Willow Road, Northfield, IL, 60093 Listing by Gloria Matlin

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Francie Pinkwater, Coldwell Banker Residential
Data Source: MRED, MLS# MRD06297757
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 578 Washington Avenue built and last sold?
The property at 578 Washington Avenue was built in 2002 and last sold on Mar 27, 2008 for $1,625,000.
How much is this home worth?
The estimated value of the home located at 578 Washington Avenue is $2,171,500.
What are some comparable homes to 578 Washington Avenue?
There are currently no comparable homes to 578 Washington Avenue.
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