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Niles 60714 Niles
8447 W Normal Avenue
$780,000
● House - Off Market

8447 W Normal Avenue

Niles, IL 60714
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,962 Ft²
$875,498
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Newer construction, brick colonial in award winning Park Ridge school district. Dramatic 2 story foyer and gorgeous hardwood floors and crown molding throughout. State of the art chef's kitchen with cherry cabinets, quartz countertops, marble backsplash and stainless steel appliances. The kitchen opens to the family room, and backyard with a brick paver patio, retractable shade and large fenced yard. Luxurious primary suite with tray ceiling and 2 walk-in closets, whirlpool soaking tub, double sinks and walk in shower. Fully finished basement with high ceilings, full bathroom, large recreation room, custom built wet bar and 200 bottle wine cellar. Professionally landscaped yard and so much more. This home is gorgeous! You will not be disappointed. Welcome Home.
Unit Size
2,962 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$258
Property Type
House
Property Taxes
$1,098
HOA Dues
-
Year Built
2010

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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: 3 years ago (MRED MLS #11095426)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Redfin Corporation $765,000
Listed by Redfin Corporation

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,962
  • Gross Building Area: 2,962
  • Building Area: 2,962
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENWOOD ESTATES
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805902

Geography

  • District: 22
  • Parcel: 09-23-323-015-0000
  • Lot: 119
  • Meridian: SEC 23 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0306
  • Longitude: -87.8376

    Address

  • Full Address: 8447 W Normal Ave
  • Address - House Number: 8447
  • Street Direction: W
  • Address - Street Name: Normal
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Niles
  • Carrier Code: C012
  • 4-Digit Zip Code: 2325
  • Zip Code: 60714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,804,113
  • Tax Rate Code Area: 22023

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 823,436
  • High Value: 1,010,007
  • Low Value: 636,865

    Market Valuation

  • Market Total Value: $686,620
  • Market Land Value: $68,750
  • Market Improvement Value: $617,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,662
  • Assessed Land Value: $6,875
  • Assessed Improvements Value: $61,787

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127804358
  • Previous Sale Recording Date: Oct 17, 2016
  • Previous Sale Contract Date: Oct 13, 2016
  • Previous Sale Amount: $735,000
  • Previous Sale Document Type: 71

    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 Niles

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1643 ft²

Average Home Age

53.1 years

Currently For Sale

45 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 431 N Northwest Highway, Park Ridge, IL, 60068

$3,950 /mo

  • 3 Beds
  • 3 Baths
  • 2,100 ft²
431 N Northwest Highway #B, Park Ridge, IL, 60068 Listing by Srdan Sterleman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Korkoian, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 11095426
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 8447 West Normal Avenue built and last sold?
The property at 8447 West Normal Avenue was built in 2010 and last sold on Aug 24, 2021 for $780,000.
How much is this home worth?
The estimated value of the home located at 8447 West Normal Avenue is $0.
What are some comparable homes to 8447 West Normal Avenue?
There are currently no comparable homes to 8447 West Normal Avenue.
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