When was property at 700 West Cathy Lane built and last sold?

The property at 700 West Cathy Lane was built in 1956 and last sold on Sep 20, 2022 for $354,000.

How much is this home worth?

The estimated value of the home located at 700 West Cathy Lane is $380,434.

What are some comparable homes to 700 West Cathy Lane?

There are currently no comparable homes to 700 West Cathy Lane.

Mount Prospect

60056

700 W Cathy Lane

$354,000

● House - Off Market

700 W Cathy Lane

Mount Prospect, IL 60056

3 Beds

2 Baths

2,280 Ft²

$378,574

RealtyHop Estimate

4.00%

Since Oct 1, 2022

National-US

Primary Model

About This Property

Must-see location! Located just a mile from downtown Mount Prospect within D57 schools and Prospect High school, this family home has space for everyone. The front features a deck nestled against the home with space to seat 10 guests with room to spare. Daylight welcomes you into the living room and flows through to the open dining area and kitchen. Concrete countertops and a butcher block island give a unique vibe that is carried through to the lower level. Three bedrooms and a full bath are located on the main floor. Downstairs is a rustic/industrial family room with a wet bar and game area. A fourth bedroom and full bath give more space for growing families or guests. A back patio area and two car heated garage top off the features making it a great place to live. Newer roof, siding, and water heater along with updated 200 amp breaker makes this a great investment.

Unit Size

2,280 Ft²

Days on Market

Land Size

0.21 acres

Price per sqft

$160

Property Type

House

Property Taxes

$608

HOA Dues

Year Built

1956

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MRED MLS #11474931)

Price History

Date / Event	Date	Event
Sep 26, 2022	Sold	Premium
Sold
Aug 3, 2022	Listed by Baird & Warner	$364,000
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1956

Effective Year Built: 1956
Building Count: 1
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
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: 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: 9,298

Total Building Area: 1,163
Gross Building Area: 1,163
Building Area: 1,163
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 24
Heated Square Feet: 1,163
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: TOWN DEVELOPMENT COMPANYS WEGO PARK UNIT
Land Acres: 0000000214
Standard Land Use Code: 1001
County Land Use Code: 2-03
Legal Description 1: (TOWN) DEVELOPMENT COMPANYS (WEGO) PARK (UNIT1) SUB O F WH NE SEC 11-41-11

Neighborhood

School District Name: Township High School District 214

Census Tract: 805001

Geography

District: 16

Parcel: 08-11-222-017-0000
Lot: 28
Meridian: SEC 11 TWN 41N RNG 11E
Municipality: ELK GROVE
Latitude: 42.0635
Longitude: -87.9468

Address

Full Address: 700 W Cathy Ln

Legal Unit: 1
Address - House Number: 700
Street Direction: W
Address - Street Name: Cathy
Address - Suffix Type: Ln
State: IL
City Name: Mount Prospect
Carrier Code: C064
4-Digit Zip Code: 3055
Zip Code: 60056

Valuation

Tax

Tax Year: 2022

Tax Amount: $792,262
Tax Rate Code Area: 16016

Appraisal Valuation

Standard Deviation: 0.2277

Valuation Date: Mar 20, 2024
Confidence Score: 68
Final Value: 400,498
High Value: 491,706
Low Value: 309,291

Market Valuation

Market Total Value: $330,000

Market Land Value: $92,980
Market Improvement Value: $237,020

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $33,000
Assessed Land Value: $9,298
Assessed Improvements Value: $23,702

Sales

Current Sale Contract Date: Sep 20, 2022

Current Sale Recording Date: Sep 27, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 10295
Previous Sale Recording Date: Mar 04, 2015
Previous Sale Contract Date: Feb 27, 2015
Previous Sale Amount: $250,000
Previous Sale Document Type: 27

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Mount Prospect

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

Average Home Size

1726 ft²

Average Home Age

56.4 years

Currently For Sale

90 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

$2,575 /mo

1 Bed
1 Bath
655 ft²

11 W Prospect Avenue #303, Mount Prospect, IL, 60056 Listing by Lauren Evett

Unit for rent at 529 E Lincoln Street, Mount Prospect, IL, 60056

$2,700 /mo

3 Beds
1 Bath

529 E Lincoln Street, Mount Prospect, IL, 60056 Listing by Claudiu Popescu

Unit for rent at 301 N Derbyshire Avenue, Arlington Heights, IL, 60004

$2,850 /mo

4 Beds
1 Bath
1,622 ft²

301 N Derbyshire Avenue, Arlington Heights, IL, 60004 Listing by Danielle Dowell

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Eric Hedstrom, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11474931

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.

700 W Cathy Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Mount Prospect

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions