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Mount Prospect 60056
709 N Fairview Avenue
$288,000
● House - Off Market

709 N Fairview Avenue

MOUNT PROSPECT, IL 60056
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,102 Ft²
$468,790
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Bright and sunny with an open layout* Vaulted ceilings in living room/dining room w/big picture window*Cheerful eat-in kitchen with lots of cabinets* Hardwood flooring on 1st and 2nd floor*Ceramic baths*Lower level offers a spacious family room, laundry room & bath* Newer windows, furnace, a/c* Walk to excellent schools* Welcome Home!
Unit Size
1,102 Ft²
Days on Market
-
Land Size
-
Price per sqft
$265
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
1960

Payment Calculator

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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 #09602557)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Apr 21, 2017 Listed by Homesmart Connect LLC $292,000
Listed by Homesmart Connect LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,205
  • Total Building Area: 1,102
  • Gross Building Area: 1,102
  • Building Area: 1,102
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,102
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RANDVIEW HIGHLANDS
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (RANDVIEW)(HIGHLANDS) SUB OF NW OF NW NE NW SEC 34-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802802

Geography

  • District: 38
  • Parcel: 03-34-101-014-0000
  • Block: 7
  • Lot: 14
  • Meridian: SEC 34 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0798
  • Longitude: -87.945

    Address

  • Full Address: 709 N Fairview Ave
  • Address - House Number: 709
  • Street Direction: N
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C072
  • 4-Digit Zip Code: 2037
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $710,589
  • Tax Rate Code Area: 38020

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 388,821
  • High Value: 478,318
  • Low Value: 299,323

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $72,050
  • Market Improvement Value: $227,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $7,205
  • Assessed Improvements Value: $22,795

    Sales

  • Current Sale Contract Date: Jun 21, 2017
  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1720049026

    Financing

  • First Mortgage Financing Type: UNK
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

39

Average Home Size

1702 ft²

Average Home Age

55.9 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 1522 Stonegate Manor, Mount Prospect, IL, 60056

$3,100 /mo

  • 3 Beds
  • 2 Baths
1522 Stonegate Manor #1522, Mount Prospect, IL, 60056 Listing by William Farrell
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.
MRED

Listed by: , Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09602557
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 709 North Fairview Avenue built and last sold?
The property at 709 North Fairview Avenue was built in 1960 and last sold on Jun 21, 2017 for $288,000.
How much is this home worth?
The estimated value of the home located at 709 North Fairview Avenue is $0.
What are some comparable homes to 709 North Fairview Avenue?
There are currently no comparable homes to 709 North Fairview Avenue.
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