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Northbrook 60062
686 Driftwood Lane
$737,500
● Land - Off Market

686 Driftwood Lane

Northbrook, IL 60062
bedrooms
Studio
bathrooms
0 Bath
$1,343,137
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Wonderfully quiet, private setting for your dream home. Set at the end of an exclusive wooded cul-de-sac in beautiful east Northbrook, this 1.12-acre parcel in the Sunset Ridge/New Trier school districts is perfectly positioned for beauty, seclusion and convenience. There's currently a tennis court on the property; new construction would be accessible from Driftwood.
Unit Size
-
Days on Market
-
Land Size
1.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$452
HOA Dues
-
Year Built
2020

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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 #09232533)

Price History

Date / Event Date Event Price
Oct 24, 2017 Sold
Premium
Sold
May 20, 2016 Listed by Coldwell Banker Residential $845,000
Listed by Coldwell Banker Residential

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,657
  • Total Building Area: 5,751
  • Gross Building Area: 5,751
  • Building Area: 5,751
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 5,751
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRIFTWOOD SUB
  • Land Acres: 0000001117
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-09
  • Legal Description 1: (DRIFTWOOD) SUB OF LT 1 IN GREGORYS SUB OF PT LT 2 CO UNTY CLERKS DIVISION OF NE SEC 14-42-12

Neighborhood

  • School District Name: Sunset Ridge School District 29
  • Census Tract: 801800

Geography

  • District: 25
  • Parcel: 04-14-200-100-0000
  • Lot: 1,2
  • Meridian: SEC 14 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1189
  • Longitude: -87.7969

    Address

  • Full Address: 686 Driftwood Ln
  • Address - House Number: 686
  • Address - Street Name: Driftwood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C002
  • 4-Digit Zip Code: 5502
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,084,994
  • Tax Rate Code Area: 25042

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 1,957,692
  • High Value: 2,313,460
  • Low Value: 1,601,923

    Market Valuation

  • Market Total Value: $2,000,020
  • Market Land Value: $389,260
  • Market Improvement Value: $1,610,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,002
  • Assessed Land Value: $38,926
  • Assessed Improvements Value: $161,076

    Sales

  • Current Sale Contract Date: Oct 25, 2017
  • Current Sale Recording Date: Oct 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1729939111
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 Northbrook

Stats & Trends

Median Asking:

$717,000

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

46

Average Home Size

3179 ft²

Average Home Age

36.3 years

Currently For Sale

64 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

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MRED

Listed by: , Coldwell Banker Residential
Last Updated: 3 years ago
Data Source: MRED, MLS# 09232533
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 686 Driftwood Lane built and last sold?
The property at 686 Driftwood Lane was built in 2020 and last sold on Oct 25, 2017 for $737,500.
How much is this home worth?
The estimated value of the home located at 686 Driftwood Lane is $0.
What are some comparable homes to 686 Driftwood Lane?
There are currently no comparable homes to 686 Driftwood Lane.
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