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Palatine 60067
651 N Stephen Drive
$360,000
● House - Off Market

651 N Stephen Drive

Palatine, IL 60067
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,691 Ft²
$2,435
Est. Monthly
7.81%
Cap Rate

About This Property

Split level with 3 bedrooms, 3 full baths, large lower level family room and a screened in porch that boasts views of a pond. Property is being sold as-is by the Cook County Public Guardian's office.
Unit Size
1,691 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$207
Property Type
House
Property Taxes
$716
HOA Dues
-
Year Built
1987

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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 #12298703)

Price History

Date / Event Date Event Price
Mar 27, 2025 Sold
Premium
Sold
Mar 12, 2025 In contract -
In contract
Feb 26, 2025 Listed by @properties Christie's International Real Estate $350,000
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,533
  • Total Building Area: 1,691
  • Gross Building Area: 1,691
  • Building Area: 1,691
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,691
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOANS GARDENS
  • Land Acres: 0000000334
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (JOANS) (GARDENS) SUB OF PT OF WH NW SEC 15-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803701

Geography

  • District: 29
  • Parcel: 02-15-107-001-0000
  • Lot: 68
  • Meridian: SEC 15 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1224
  • Longitude: -88.0593

    Address

  • Full Address: 651 N Stephen Dr
  • Address - House Number: 651
  • Street Direction: N
  • Address - Street Name: Stephen
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C060
  • 4-Digit Zip Code: 2333
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $826,067
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 409,250
  • High Value: 502,698
  • Low Value: 315,802

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $87,200
  • Market Improvement Value: $262,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $8,720
  • Assessed Improvements Value: $26,280

    Sales

  • Current Sale Contract Date: Jul 17, 2002
  • Current Sale Recording Date: Jul 24, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0020809374
  • Previous Sale Recording Date: Apr 06, 2001
  • Previous Sale Contract Date: Mar 16, 2001
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
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:

$385,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1821 ft²

Average Home Age

44.2 years

Currently For Sale

106 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 330 E Forest Knoll Drive, Palatine, IL, 60074

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
330 E Forest Knoll Drive, Palatine, IL, 60074 Listing by Daniel Nierman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kelly Janowiak, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12298703
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 651 North Stephen Drive built and last sold?
The property at 651 North Stephen Drive was built in 1987 and last sold on Jul 17, 2002 for $237,500.
How much is this home worth?
The estimated value of the home located at 651 North Stephen Drive is $0.
What are some comparable homes to 651 North Stephen Drive?
There are currently no comparable homes to 651 North Stephen Drive.
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