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Single Family ResidenceResidential
$465,144$422 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jun 23, 2026
Last sold for $331,000 on Jun 14, 2023

1506 W PALM DR

MOUNT PROSPECT, IL 60056
3
Beds
2 / 1
Baths
1,103 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
1961
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$465K
$433K low$498K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$331,000 · Jun 14, 2023
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$233,444
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$186,755
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.50%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$231,700
SOLUTIONS FINANCIAL MORTGAGE COMPAN · 7.12% 2 · recorded Jun 14, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,304 (2023)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$34,000 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,318
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$23,682
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$34,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$340,000

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.34
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
62
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
64
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Split Level
CountyCook
Lot (acres)The size of the land the home sits on, from county records.0.24
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Robert Frost Elementary SchoolB
Elementary · Grades KG–5 · 0.4 mi
M
Friendship Junior High SchoolB+
Middle · Grades 6–8 · 1.8 mi
H
Prospect High SchoolA+
High · Grades 9–12 · 2.2 mi

District: Community Consolidated School District 59

Neighborhood · ZIP 60056These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.59
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.124
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.43

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.31%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.56,070
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,043 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$99,966
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$121,404
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1506 W Palm Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 72% of homes in Cook County
  • Costs more per square foot than 97% of homes in Mount Prospect 60056
  • Smaller than 89% of homes in Mount Prospect 60056
  • Has a bigger lot than 70% of homes in Cook County

What homes are worth in Mount Prospect 60056

Each bar is how many homes fall in that price range. The marker is this home.

This home
$160K$850K

This home is worth more than 60% of homes in Mount Prospect 60056.

How it measures up in Mount Prospect 60056

The dot is this home. The mark in the middle is the typical home in Mount Prospect 60056.

Estimated value$465,144
CheaperTypical $434,744Pricier

Pricier than 60% of homes nearby

Price per ft²$422
CheaperTypical $286Pricier

Pricier than 97% of homes nearby

Living area1,103 ft²
SmallerTypical 1,475 ft²Bigger

Bigger than 11% of homes nearby

Lot size0.24 ac
SmallerTypical 0.22 acBigger

Bigger than 62% of homes nearby

Year built1961
OlderTypical 1965Newer

Newer than 37% of homes nearby

How 1506 W Palm Dr ranks against every home in each area.
MeasureThis homeMount Prospect 60056Cook County
Estimated valuepricier than$465,14460% of homes72% of homes
Price per ft²pricier than$42297% of homes92% of homes
Living areabigger than1,103 ft²11% of homes24% of homes
Lot sizebigger than0.24 ac62% of homes70% of homes
Year builtnewer than196137% of homes55% of homes

About 1506 W Palm Dr

How much is 1506 W Palm Dr, Mount Prospect, IL worth?

The TopHap Estimate for 1506 W Palm Dr, Mount Prospect, IL is $465,144 as of Jun 23, 2026. The likely range is $432,583 to $497,704. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1506 W Palm Dr, Mount Prospect, IL last sell?

1506 W Palm Dr, Mount Prospect, IL last sold on Jun 14, 2023 for $331,000, according to the county's recorded deed.

How big is 1506 W Palm Dr, Mount Prospect, IL?

1506 W Palm Dr, Mount Prospect, IL has 3 bedrooms, 2 bathrooms, 1,103 square feet of living space and a 0.24-acre lot.

When was 1506 W Palm Dr, Mount Prospect, IL built?

1506 W Palm Dr, Mount Prospect, IL was built in 1961, making it 65 years old. It is a split level home. The building has 2 stories.

What schools serve 1506 W Palm Dr, Mount Prospect, IL?

1506 W Palm Dr, Mount Prospect, IL is assigned to Robert Frost Elementary School (elementary), rated B; Friendship Junior High School (middle), rated B+; Prospect High School (high), rated A+. All sit in Community Consolidated School District 59. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1506 W Palm Dr, Mount Prospect, IL compare to other homes in Mount Prospect 60056?

Among the 17,933 homes in Mount Prospect 60056, it is worth more than 60% of them ($465,144 against a typical $434,744), its price per square foot is higher than 97% of them ($422 against a typical $286), it is bigger than 11% of them (1,103 ft² against a typical 1,475 ft²), its lot is bigger than 62% of them (0.24 ac against a typical 0.22 ac) and it is newer than 37% of them (1961 against a typical 1965). Measured against all of Cook County, it is worth more than 72% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1506 W Palm Dr, Mount Prospect, IL?

The 2023 property tax bill for 1506 W Palm Dr, Mount Prospect, IL was $7,304. The county assessed it at $34,000.

Closest homes

More homes in Mount Prospect 60056

Assigned schools

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