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Melrose Park 60160
580 Rose Drive
$294,000
● House - Off Market

580 Rose Drive

Melrose Park, IL 60160
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,827 Ft²
$1,620
Est. Monthly
8.53%
Cap Rate

About This Property

3 bedroom 1.1 bath Ashley Model in the popular Winston area. Spacious floor plan-excellent for entertaining-features a large living room with adjacent dining room.  Bright eat in kitchen. Upstairs-3 generous size bedrooms, updated full bath. Lower level den has an electric fireplace, powder room, mudroom to the side entrance brings you into the large fenced yard.  Enjoy the Attached heated/cooled sunroom year round! Great rec room in the basement, paneled walls, separate laundry and utility area, plenty of storage room. 1 car attached garage and oversized driveway, park 2 cars side by side! Great location, excellent curb appeal! Estate Sale- Sold As-Is! Buyer to Assume all Village Repairs.
Unit Size
1,827 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
1956

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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.

Last updated: 3 years ago (MRED MLS #11934981)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Dec 5, 2023 Listed by Caporale Realty Group $309,900
Listed by Caporale Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • 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: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,827
  • Gross Building Area: 1,827
  • Building Area: 1,827
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,827
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAYWOOD SUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (MAYWOOD) SUB OF SEC11 14 & SH SW SEC 02-39-12

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 816200

Geography

  • District: 31
  • Parcel: 15-02-109-002-0000
  • Block: 224
  • Lot: 3,4
  • Meridian: SEC 02 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.9032
  • Longitude: -87.8411

    Address

  • Full Address: 580 Rose Dr
  • Address - House Number: 580
  • Address - Street Name: Rose
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Melrose Park
  • Carrier Code: C016
  • 4-Digit Zip Code: 2309
  • Zip Code: 60160

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $117,068
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 31017

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 287,705
  • High Value: 316,794
  • Low Value: 258,615

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $49,000
  • Market Improvement Value: $251,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $4,900
  • Assessed Improvements Value: $25,100

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Feb 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 46123
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 Melrose Park

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2007 ft²

Average Home Age

63.6 years

Currently For Sale

16 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 406 Franklin Avenue, River Forest, IL, 60305

$2,250 /mo

  • 2 Beds
  • 1 Bath
406 Franklin Avenue #1B, River Forest, IL, 60305 Listing by Angela Ellis
Unit for rent at 2617 N 74th Court, Elmwood Park, IL, 60707

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2617 N 74th Court #3, Elmwood Park, IL, 60707 Listing by Alina Pisiecka

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gabe Caporale, Caporale Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11934981
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 580 Rose Drive built and last sold?
The property at 580 Rose Drive was built in 1956 and last sold on Jan 26, 2024 for $294,000.
How much is this home worth?
The estimated value of the home located at 580 Rose Drive is $317,338.
What are some comparable homes to 580 Rose Drive?
There are currently no comparable homes to 580 Rose Drive.
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