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Des Plaines 60018
585 W CORDIAL Drive
$223,500
● House - Off Market

585 W CORDIAL Drive

DES PLAINES, IL 60018
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,191 Ft²
$512,909
RealtyHop Estimate
118.26%
Since Jul 1, 2011
National-US
Primary Model

About This Property

SOLID BUILT SPLIT LEVEL LOVINGLY CARED FOR BY ORIGINAL OWNERS. THIS FRESHLY PAINTED,3 BEDRM,2BATH HOME IS READY TO MOVE IN. TAKE A LOOK AT WHAT IS NEW!REFINISHED HARDWOOD FLOORS IN BEDS, LIV RM &DINING RM.NEW LIGHTING, NEW CARPETING IN FAMILY ROOM, NEW DRIVEWAY, PATIO & GARAGE.  BEAUTIFUL LARGE PICTURE WINDOW IN LIVING RM AND GLASS DOORS OFF OF DINING ROOM TO NEW PATIO AND NICELY FENCED YARD.HOME WARRANTY INCLUDED!
Unit Size
1,191 Ft²
Days on Market
-
Land Size
-
Price per sqft
$197
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1965

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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: 2 years ago (MRED MLS #07670278)

Price History

Date / Event Date Event Price
Jun 16, 2011 Sold
Premium
Sold
Nov 3, 2010 Listed by Coldwell Banker Residential Brokerage $235,000
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,435
  • Gross Building Area: 1,435
  • Building Area: 1,435
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEVONSHIRE WEST
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (DEVONSHIRE) (WEST) SUB OF PT OF SW SEC 24-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805112

Geography

  • District: 16
  • Parcel: 08-24-302-058-0000
  • Lot: 20
  • Meridian: SEC 24 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0257
  • Longitude: -87.936

    Address

  • Full Address: 585 Cordial Dr
  • Address - House Number: 585
  • Address - Street Name: Cordial
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C006
  • 4-Digit Zip Code: 5505
  • Zip Code: 60018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $789,266
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 408,640
  • High Value: 503,197
  • Low Value: 314,083

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $68,040
  • Market Improvement Value: $291,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $6,804
  • Assessed Improvements Value: $29,196

    Sales

  • Current Sale Contract Date: May 12, 2011
  • Current Sale Recording Date: Jun 27, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1117804000
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 Des Plaines

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1643 ft²

Average Home Age

53.8 years

Currently For Sale

108 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 384 S Wolf Road S, Des Plaines, IL, 60016

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,137 ft²
384 S Wolf Road S, Des Plaines, IL, 60016 Listing by Brian Ramirez
Unit for rent at 1087 Leahy Circle E, Des Plaines, IL, 60016

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,224 ft²
1087 Leahy Circle E, Des Plaines, IL, 60016 Listing by Mary Szyjka

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Barcal, Coldwell Banker Residential Brokerage
Last Updated: 2 years ago
Data Source: MRED, MLS# 07670278
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 585 Cordial Drive built and last sold?
The property at 585 Cordial Drive was built in 1965 and last sold on May 12, 2011 for $223,500.
How much is this home worth?
The estimated value of the home located at 585 Cordial Drive is $241,908.
What are some comparable homes to 585 Cordial Drive?
There are currently no comparable homes to 585 Cordial Drive.
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