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Park Ridge 60068 Park Ridge
901 Tomawadee Drive
$541,000
● House - Off Market

901 Tomawadee Drive

Park Ridge, IL 60068
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,860 Ft²
$3,610
Est. Monthly
6.70%
Cap Rate

About This Property

You will love this corner location  ranch located on a quiet side street cul-de-sac ,hardwood floors see -through gas fireplace 4 bedroom 1 in lower level 3 full bath with second kitchen , solid well cared for brick ranch 2 car attached garage tons of storage . This is an estate sale and being sold as-is  by the executor
Unit Size
1,860 Ft²
Days on Market
-
Land Size
-
Price per sqft
$311
Property Type
House
Property Taxes
$767
HOA Dues
-
Year Built
1960

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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 #11974259)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Feb 5, 2024 Listed by Chicagoland Brokers Inc. $579,000
Listed by Chicagoland Brokers Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • 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: 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: 7,039
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,860
  • Gross Building Area: 1,860
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARDSONS SUB
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: A J (LEBLANGS) RESUB PT OF LTS 1-4 IN RICHARDSONS SUB OF PT OF EH NE SEC 27-41-12

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805501

Geography

  • District: 22
  • Parcel: 09-27-203-089-0000
  • Lot: 1-4
  • Meridian: SEC 27 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0237
  • Longitude: -87.8467

    Address

  • Full Address: 901 Tomawadee Dr
  • Address - House Number: 901
  • Address - Street Name: Tomawadee
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Park Ridge
  • Carrier Code: C040
  • 4-Digit Zip Code: 2438
  • Zip Code: 60068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $958,134
  • Tax Rate Code Area: 22031

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 570,720
  • High Value: 628,424
  • Low Value: 513,016

    Market Valuation

  • Market Total Value: $430,000
  • Market Land Value: $91,510
  • Market Improvement Value: $338,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,000
  • Assessed Land Value: $9,151
  • Assessed Improvements Value: $33,849

    Sales

  • Current Sale Contract Date: Mar 20, 2024
  • Current Sale Recording Date: Mar 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20463
  • Previous Sale Recording Date: Nov 19, 1999
  • Previous Sale Contract Date: Sep 14, 1999
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 71
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 Park Ridge

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$293

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2020 ft²

Average Home Age

56.1 years

Currently For Sale

61 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 1508 Potter Road, Park Ridge, IL, 60068

$3,950 /mo

  • 3 Beds
  • 3 Baths
  • 1,096 ft²
1508 Potter Road, Park Ridge, IL, 60068 Listing by David Gust
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: John Colonna, Chicagoland Brokers Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11974259
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 901 Tomawadee Drive built and last sold?
The property at 901 Tomawadee Drive was built in 1960 and last sold on Mar 20, 2024 for $541,000.
How much is this home worth?
The estimated value of the home located at 901 Tomawadee Drive is $0.
What are some comparable homes to 901 Tomawadee Drive?
There are currently no comparable homes to 901 Tomawadee Drive.
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