1463 Somerset Pl Inverness, IL 60010

3 beds · 2 baths · 2,197 sq ft · Lot Size: 5,388 sq ft · Single Family Home
Est. Property Value: $390,718

High Demand Long-Term RentalOwned for 5 - 10 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

1463 Somerset Pl is in the 60010 neighborhood of Inverness, IL. It is located in Cook County and ZIP code 60010. This Single Family Home was built in 2016 and is approximately 9 years old. The single family home spans 2197 sq ft with 3 bedrooms and 2 bathrooms and sits on a 5388 sq ft lot. According to public records, it was last sold in 2017 for $481,000 and has a tax-assessed value of $448,870, which is $178 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1463 Somerset Pl Inverness, IL 60010 with Property Intel by Whitepages.

1463 Somerset Pl

Inverness, IL 60010

Neighborhood

Owners & Occupancy for 1463 Somerset Pl

No contact information is available.

Occupancy

Resident 1************** age 60

Property Financials for 1463 Somerset Pl

1463 Somerset Pl, Inverness, IL has no known mortgage. The Cook county assessment for 2022 values it at $448,870, with annual taxes of $8,450.

Property Tax

Purchase DateNovember 15, 2017
Property Tax Amount$8,450 in 2022
Purchase Price$481,000
Assessed Value$448,870 on 2022

Investment Potential for 1463 Somerset Pl

The property has a current estimated value of $390,718, which is 13% above the zip median, based on public records. It last sold on November 15, 2017 for $481K. Projected long-term
is $41,400 annually ($3,450 per month) with a 94% occupancy rate.

Discover more Single Family Homes in 60010.
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Long-Term

Gross Rental
$41,400 per year($3,450 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
View Cap Rate
Occupancy Rate
94%in 60010 zip code
 
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Property Details for 1463 Somerset Pl

Property Details

Property Sq Ft

Living Area

2,197 sq ft

6% above market

Lot Size

5,388 sq ft

52% below market

Price Per Sq Ft

Living Area

$178 / sq ft

1% above market

Lot Size Area

$73 / sq ft

169% above market

Property condition, age, exterior, etc. for 1463 Somer…
Longitude: -88.13302 Latitude: 42.132959 Parcel Number (APN): 01-12-112-029-0000…

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Market Benchmarks

Compare data for 1463 Somerset Pl in Cook County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$390,718
$220,711
$170,007 (77%)
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—
—
YoY Price Change
—
—
—
Year Built
2016
1961
55 years
Living Space
2,197 sq ft
1,342 sq ft
855 (64%)
$ Per Living Sq Ft
$178
$154
$24 (15%)
Lot Size
5,388 sq ft
7,425 sq ft
-2037 (-27%)
$ Per Lot Sq Ft
$73
$29
$44 (152%)

Net Operating Income
$*****
$22,237
$2,319 (10%)
Annual Revenue
$41,400
$33,600
$7,800 (23%)
$*****
$11,093
$5,751 (52%)
Net Operating Income
$*****
$22,237
$2,319 (10%)
Cap Rate
****%
9.91%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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