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Melrose Park 60160
910 Park Drive
$395,000
● House - Off Market

910 Park Drive

Melrose Park, IL 60160
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,800 Ft²
$493,812
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Beautiful move in ready home on desired block in Melrose Park is waiting for a new family to call home. This updated split level features an oversized living room and kitchen on the main floor. The basement and sub basement are spacious and perfect for gathering with friends and family. The upstairs features the master bedroom and completely remolded master bath, along with two other bedrooms and a bathroom. The backyard is open and ready for someone to make it their own!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$242
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
1956

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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 #11189779)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Aug 13, 2021 Listed by River Elm Properties $435,000
Listed by River Elm Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • 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: 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: 8,615
  • Total Building Area: 1,822
  • Gross Building Area: 1,822
  • Building Area: 1,822
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,822
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON PARK 01
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 816200

Geography

  • District: 31
  • Parcel: 15-03-214-008-0000
  • Lot: 33
  • Meridian: SEC 03 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.9046
  • Longitude: -87.8463

    Address

  • Full Address: 910 Park Dr
  • Address - House Number: 910
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Melrose Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 2231
  • Zip Code: 60160

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $610,761
  • Tax Rate Code Area: 31017

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 396,629
  • High Value: 488,774
  • Low Value: 304,484

    Market Valuation

  • Market Total Value: $330,010
  • Market Land Value: $60,310
  • Market Improvement Value: $269,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,001
  • Assessed Land Value: $6,031
  • Assessed Improvements Value: $26,970

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2129846308
  • Previous Sale Recording Date: Jan 30, 2020
  • Previous Sale Contract Date: Jan 27, 2020
  • Previous Sale Amount: $300,000
  • 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 Melrose Park

Stats & Trends

Median Asking:

$366,950

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1885 ft²

Average Home Age

72.3 years

Currently For Sale

20 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 8467 Grand Avenue, River Grove, IL, 60171

$2,625 /mo

  • 2 Beds
  • 2 Baths
8467 Grand Avenue #102, River Grove, IL, 60171 Listing by Timothy Brent
Unit for rent at 912 Cernan Drive, Bellwood, IL, 60104

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
912 Cernan Drive, Bellwood, IL, 60104 Listing by Theodoris Napier

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Katie Jo Marino, River Elm Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11189779
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 910 Park Drive built and last sold?
The property at 910 Park Drive was built in 1956 and last sold on Sep 20, 2021 for $395,000.
How much is this home worth?
The estimated value of the home located at 910 Park Drive is $435,053.
What are some comparable homes to 910 Park Drive?
There are currently no comparable homes to 910 Park Drive.
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