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Palatine 60074
958 N ARROWHEAD Drive
$535,000
● House - Off Market

958 N ARROWHEAD Drive

PALATINE, IL 60074
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$903,882
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

ONE OF THE FINEST HOMES IN DESIRABLE RESEDA IS NOW AVAILABLE! EVERY IMMACULATE INCH OF THIS INCREDIBLE COLONIAL HAS BEEN LOVINGLY RESTORED WITH ALL OF TODAYS FEATURES! BREATHTAKING 1ST FLR ADDITION W/LOADS OF WINDOWS OVERLOOKS SERENE PRIVATE YARD W/MATURE TREES & LANDSCAPING! NEW KIT REMODEL W/CABINETS & NEW COUNTERS! CUSTOM WHITE WOODWORK WILL AMAZE! BEAUTIFUL HARD WOOD FLRS THRU MOST OF 1ST FLR & ALL 4-BEDRMS!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$666
HOA Dues
-
Year Built
1966

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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: 2 years ago (MRED MLS #06385800)

Price History

Date / Event Date Event Price
Mar 6, 2007 Sold
Premium
Sold
Jan 19, 2007 Listed by Coldwell Banker Residential Brokerage $529,900
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • 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: 9,157
  • Total Building Area: 2,358
  • Gross Building Area: 2,358
  • Building Area: 2,358
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,358
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RESEDA SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (RESEDA) SUB IN SE SEC 11-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803605

Geography

  • District: 29
  • Parcel: 02-11-403-028-0000
  • Lot: 51
  • Meridian: SEC 11 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1285
  • Longitude: -88.0323

    Address

  • Full Address: 958 N Arrowhead Dr
  • Address - House Number: 958
  • Street Direction: N
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C024
  • 4-Digit Zip Code: 3702
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,047,633
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 509,052
  • High Value: 622,352
  • Low Value: 395,752

    Market Valuation

  • Market Total Value: $400,000
  • Market Land Value: $73,260
  • Market Improvement Value: $326,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,000
  • Assessed Land Value: $7,326
  • Assessed Improvements Value: $32,674

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Apr 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2110306327
  • Previous Sale Recording Date: Mar 20, 2007
  • Previous Sale Contract Date: Mar 06, 2007
  • Previous Sale Amount: $535,000
  • 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 Palatine

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1868 ft²

Average Home Age

43 years

Currently For Sale

105 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 21599 W Field Court, Deer Park, IL, 60010

$3,927 /mo

  • 2 Beds
  • 2 Baths
  • 1,647 ft²
21599 W Field Court #5216, Deer Park, IL, 60010 Listing by Mauro Giannelli
Unit for rent at 207 N Wilke Road, Palatine, IL, 60074

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,500 ft²
207 N Wilke Road, Palatine, IL, 60074 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker Residential Brokerage
Last Updated: 2 years ago
Data Source: MRED, MLS# 06385800
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 958 North Arrowhead Drive built and last sold?
The property at 958 North Arrowhead Drive was built in 1966 and last sold on Oct 30, 2020 for $430,000.
How much is this home worth?
The estimated value of the home located at 958 North Arrowhead Drive is $535,199.
What are some comparable homes to 958 North Arrowhead Drive?
There are currently no comparable homes to 958 North Arrowhead Drive.
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