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Mount Prospect 60056
602 Elderberry Lane
$320,000
● House - Off Market

602 Elderberry Lane

MOUNT PROSPECT, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,161 Ft²
$479,551
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Lovingly maintained home with incredible updates both inside and out. Home boasts a beautifully remodeled gourmet kitchen with granite and custom maple cabinets. Additional special features include finished basement, brand new doors, fresh paint throughout and a brand new furnace (2017)! The spacious finished basement provides ample storage and approximately 1,000 extra square feet of living space. This charming ranch has curb appeal with it's wonderful landscaping and new driveway, roof and paved brick patio. This home is an entertainer's delight with an open floor plan and kitchen that leads to backyard, patio and dining room. Welcome home and enjoy your summer here!
Unit Size
1,161 Ft²
Days on Market
-
Land Size
-
Price per sqft
$258
Property Type
House
Property Taxes
$507
HOA Dues
-
Year Built
1961

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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.

Last updated: 3 years ago (MRED MLS #09614758)

Price History

Date / Event Date Event Price
Jul 14, 2017 Sold
Premium
Sold
May 3, 2017 Listed by Coldwell Banker Residential $299,999
Listed by Coldwell Banker Residential

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,161
  • Gross Building Area: 1,161
  • Building Area: 1,161
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,161
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRICKMAN MANOR FIRST ADD UNIT1
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (BRICKMAN) MANOR (FIRST) ADD (UNIT1) SUB OF PT EH SE SEC27 & PT WH SW SEC26 EH SE SEC 27-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802701

Geography

  • District: 38
  • Parcel: 03-26-305-010-0000
  • Lot: 76
  • Meridian: SEC 27 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0842
  • Longitude: -87.9269

    Address

  • Full Address: 602 Elderberry Ln
  • Legal Unit: 1
  • Address - House Number: 602
  • Address - Street Name: Elderberry
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C088
  • 4-Digit Zip Code: 1328
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $765,579
  • Tax Rate Code Area: 38044

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 396,471
  • High Value: 486,762
  • Low Value: 306,181

    Market Valuation

  • Market Total Value: $300,010
  • Market Land Value: $84,380
  • Market Improvement Value: $215,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,001
  • Assessed Land Value: $8,438
  • Assessed Improvements Value: $21,563

    Sales

  • Current Sale Contract Date: Jul 14, 2017
  • Current Sale Recording Date: Jul 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1720201054
  • Previous Sale Recording Date: Jul 01, 1997
  • Previous Sale Contract Date: Jun 30, 1997
  • Previous Sale Amount: $164,000
  • 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 Mount Prospect

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1734 ft²

Average Home Age

55.7 years

Currently For Sale

85 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 11 W Prospect Avenue, Mount Prospect, IL, 60056

$3,180 /mo

  • 2 Beds
  • 1 Bath
  • 968 ft²
11 W Prospect Avenue #320, Mount Prospect, IL, 60056 Listing by Lauren Evett
Unit for rent at 732 Hanbury Drive, Des Plaines, IL, 60016

$3,300 /mo

  • 3 Beds
  • 3 Baths
  • 1,650 ft²
732 Hanbury Drive #31, Des Plaines, IL, 60016 Listing by Erin Booker

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09614758
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 602 Elderberry Lane built and last sold?
The property at 602 Elderberry Lane was built in 1961 and last sold on Jul 14, 2017 for $320,000.
How much is this home worth?
The estimated value of the home located at 602 Elderberry Lane is $0.
What are some comparable homes to 602 Elderberry Lane?
There are currently no comparable homes to 602 Elderberry Lane.
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