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Wilmette 60091
704 Sheridan Road
$900,000
● House - Off Market

704 Sheridan Road

Wilmette, IL 60091
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,981 Ft²
$1,080,563
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This home presents an opportunity to extensively remodel this home and restore it to it's original beauty or build new. Perched on a beautiful lot just steps from Gillson Park, the Bahi Temple and Sheridan Shores lets one know that this is an excellent location. It has beautiful leaded glass windows, green tile roof, cooper gutters and a spacious front porch and together they become the hallmarks of a grand home. The rooms are spacious, there is beautiful wood work, hardwood floors and loads of windows. The backyard is perfect for gatherings and the two car garage mirrors the main home.There is a full unfinished basement.
Unit Size
2,981 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$335
Property Type
House
Property Taxes
$1,085
HOA Dues
-
Year Built
1913

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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 #11171652)

Price History

Date / Event Date Event Price
Jan 7, 2022 Sold
Premium
Sold
Jul 28, 2021 Listed by @properties $999,000
Listed by @properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 200
  • 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: 13,932
  • Total Building Area: 2,981
  • Gross Building Area: 2,981
  • Building Area: 2,981
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,981
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INVERNESS LAND ASSN/BLS 01-8 11
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801200

Geography

  • District: 23
  • Parcel: 05-35-105-008-0000
  • Block: 6
  • Lot: 13
  • Meridian: SEC 35 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0768
  • Longitude: -87.6876

    Address

  • Full Address: 704 Sheridan Rd
  • Address - House Number: 704
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Wilmette
  • Carrier Code: C012
  • 4-Digit Zip Code: 1960
  • Zip Code: 60091

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,800,725
  • Tax Rate Code Area: 23015

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 977,956
  • High Value: 1,076,835
  • Low Value: 879,077

    Market Valuation

  • Market Total Value: $900,000
  • Market Land Value: $390,100
  • Market Improvement Value: $509,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,000
  • Assessed Land Value: $39,010
  • Assessed Improvements Value: $50,990

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2201813097
  • Previous Sale Recording Date: Dec 29, 2006
  • Previous Sale Contract Date: Dec 21, 2006
  • Previous Sale Amount: $394,000
  • Previous Sale Document Type: 27

    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 Wilmette

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$417

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2026 ft²

Average Home Age

48.5 years

Currently For Sale

37 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 2646 Ewing Avenue, Evanston, IL, 60201

$2,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
2646 Ewing Avenue #2, Evanston, IL, 60201 Listing by Robin Wilson
Unit for rent at 1625 Sheridan Road, Wilmette, IL, 60091

$2,800 /mo

  • 2 Beds
  • 2 Baths
  • 983 ft²
1625 Sheridan Road #209, Wilmette, IL, 60091 Listing by Courtney Cook

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Colleen McGinnis, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11171652
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 704 Sheridan Road built and last sold?
The property at 704 Sheridan Road was built in 1913 and last sold on Dec 28, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 704 Sheridan Road is $0.
What are some comparable homes to 704 Sheridan Road?
There are currently no comparable homes to 704 Sheridan Road.
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