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Palatine 60067
59 E Cunningham Drive
$325,000
● House - Off Market

59 E Cunningham Drive

Palatine, IL 60067
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,682 Ft²
$369,267
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

This 4 bedroom, 2 full bath ranch is located in quiet, family friendly neighborhood, close to schools, and parks. Lincoln elementary is just steps away. This home features a spacious, newly carpeted  living room and open dining room. There is a good sized family room with a wood burning fireplace at the far end. The eat-in kitchen with heated floor is adjacent to the family room: both are hardwood floors. The kitchen is loaded with cabinet space. The 4 bedrooms are ready for a larger family. (4th bedrm could be used as office). The wrap around fenced back yard just adds to this large family theme.  HVAC system is less than 10 years old. This home is perfect for the first time buyer, and is just waiting for it's new owners' personal touches to make it their own. Seller will provide a 1 year Home Warranty.
Unit Size
1,682 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$190
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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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 #11109376)

Price History

Date / Event Date Event Price
Jul 6, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Coldwell Banker Realty $319,500
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,023
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,682
  • Gross Building Area: 1,682
  • Building Area: 1,682
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,682
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEPPER TREE FARMS UNIT4
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PEPPER)(TREE) FARMS(UNIT4) SUB OF PT OF SW SEC 11-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803604

Geography

  • District: 29
  • Parcel: 02-11-311-017-0000
  • Lot: 17
  • Meridian: SEC 11 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1317
  • Longitude: -88.0411

    Address

  • Full Address: 59 E Cunningham Dr
  • Legal Unit: 4
  • Address - House Number: 59
  • Street Direction: E
  • Address - Street Name: Cunningham
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C064
  • 4-Digit Zip Code: 2773
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $916,465
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 399,850
  • High Value: 491,152
  • Low Value: 308,548

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $80,180
  • Market Improvement Value: $239,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $8,018
  • Assessed Improvements Value: $23,982

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2121433129
  • Previous Sale Recording Date: Mar 04, 2014
  • Previous Sale Contract Date: Nov 07, 2013
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Palatine

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1645 ft²

Average Home Age

43.7 years

Currently For Sale

116 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 21599 W Field Court, Deer Park, IL, 60010

$4,080 /mo

  • 3 Beds
  • 2 Baths
  • 1,965 ft²
21599 W Field Court #21659, Deer Park, IL, 60010 Listing by Mauro Giannelli

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Peter Kozak, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11109376
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 59 East Cunningham Drive built and last sold?
The property at 59 East Cunningham Drive was built in 1972 and last sold on Jul 2, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 59 East Cunningham Drive is $0.
What are some comparable homes to 59 East Cunningham Drive?
There are currently no comparable homes to 59 East Cunningham Drive.
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