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Mount Prospect 60056
616 W Oriole Lane
$767,500
● House - Off Market

616 W Oriole Lane

Mount Prospect, IL 60056
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,230 Ft²
$5,619
Est. Monthly
3.09%
Cap Rate

About This Property

Fabulous 2-story Colonial with over 3,200 square feet of living space.  This home features a bright living room, separate dining room, an expansive kitchen with a large island and an adjoining great room,  9-foot ceilings, a convenient mudroom with a desk, and hardwood floors throughout the first floor.  The upstairs includes the primary suite with a large walk-in closet and primary bath with a Jacuzzi tub and a separate steam shower, 3 additional large bedrooms, 2nd floor laundry, and walk up stairs to the large attic ready for buildout.  The full, 9-foot basement provides endless storage or additional living space if finished.  This home also features a tankless water heater for endless hot water. Freshly painted throughout. The location can't be beat. Get ready to call this home.
Unit Size
3,230 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
House
Property Taxes
$1,690
HOA Dues
-
Year Built
1951

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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 #11891846)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Sep 27, 2023 Listed by Berkshire Hathaway HomeServices Starck Real Estate $799,900
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,220
  • Total Building Area: 4,055
  • Gross Building Area: 4,055
  • Building Area: 4,055
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,055
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROSPECT MEADOWS
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06
  • Legal Description 1: (PROSPECT)(MEADOWS) SUB OF PT WH SW SEC 27-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802801

Geography

  • District: 38
  • Parcel: 03-27-313-012-0000
  • Block: 7
  • Lot: 13
  • Meridian: SEC 27 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0821
  • Longitude: -87.9454

    Address

  • Full Address: 616 W Oriole Ln
  • Address - House Number: 616
  • Street Direction: W
  • Address - Street Name: Oriole
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C073
  • 4-Digit Zip Code: 1120
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,686,463
  • Tax Rate Code Area: 38089

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 774,052
  • High Value: 852,315
  • Low Value: 695,790

    Market Valuation

  • Market Total Value: $700,010
  • Market Land Value: $74,100
  • Market Improvement Value: $625,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,001
  • Assessed Land Value: $7,410
  • Assessed Improvements Value: $62,591

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33142
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:

$459,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1705 ft²

Average Home Age

55.6 years

Currently For Sale

86 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 700 N Maple Street, Prospect Heights, IL, 60070

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 4,400 ft²
700 N Maple Street, Prospect Heights, IL, 60070 Listing by Carolyn Goodman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Thomas Zander, Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11891846
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 616 West Oriole Lane built and last sold?
The property at 616 West Oriole Lane was built in 1951 and last sold on Jan 18, 2024 for $767,500.
How much is this home worth?
The estimated value of the home located at 616 West Oriole Lane is $0.
What are some comparable homes to 616 West Oriole Lane?
There are currently no comparable homes to 616 West Oriole Lane.
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