This specific address denotes a particular property located within Northbrook, Illinois, a village in Cook County. Addresses pinpoint locations for mail delivery, navigation, and property identification. They are essential for emergency services, property transactions, and civic administration.
Precise location data is fundamental for a functioning society. It allows for efficient resource allocation, accurate property assessment, and effective urban planning. Historically, addresses evolved from less formal systems to standardized formats crucial for modern commerce and governance. This specific location within Northbrook likely benefits from the village’s amenities, including schools, parks, and transportation infrastructure. Its placement within Cook County situates it within the larger Chicago metropolitan area, offering access to broader economic and cultural opportunities.
Understanding the geographic context of a specific location allows for a deeper analysis of relevant topics, such as property values, neighborhood demographics, and local market trends. This foundation enables more informed decisions regarding real estate investment, business development, and community engagement.
1. Property Location
“Property location” refers to the specific geographic placement of a property, providing a crucial framework for understanding its characteristics and value. In the case of 5 Revere Drive Northbrook IL 60062, the property location is the defining factor that distinguishes it from all other properties. Understanding this location requires examining its various facets.
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Geographic Coordinates
Geographic coordinates pinpoint a property’s exact location on Earth. These coordinates, expressed as latitude and longitude, are essential for mapping, navigation, and spatial analysis. For 5 Revere Drive, these coordinates place it within Northbrook, Illinois, and provide the basis for location-based services and property data.
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Municipal Context
A property’s location within a specific municipality dictates its jurisdictional boundaries and access to local services. 5 Revere Drive falls within the Village of Northbrook, subjecting it to Northbrook’s specific tax codes, zoning regulations, and access to municipal services such as water and sanitation.
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Neighborhood Characteristics
Property location extends beyond geographic coordinates and municipal boundaries to encompass the surrounding neighborhood. The characteristics of the neighborhood surrounding 5 Revere Drive, such as demographics, school districts, and proximity to amenities, significantly influence property value and quality of life.
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Market Influence
Location plays a dominant role in determining market value. Factors like proximity to employment centers, transportation access, and desirability of the neighborhood all contribute to the market value of 5 Revere Drive. Understanding these market forces is crucial for property appraisal and investment decisions.
These facets of property location intertwine to provide a comprehensive understanding of a property’s position within its geographic and market context. For 5 Revere Drive, the convergence of these factors establishes its unique identity and value within the Northbrook real estate market.
2. Northbrook, Illinois
Northbrook, Illinois, provides the municipal context for 5 Revere Drive, influencing its civic categorization, service access, and market positioning. Understanding Northbrook’s characteristics is essential for a comprehensive understanding of the property’s value and context.
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Governance and Administration
Northbrook’s municipal government provides essential services to residents, including public safety, infrastructure maintenance, and zoning enforcement. These services directly impact residents of 5 Revere Drive, influencing property taxes and quality of life. The village’s administrative structure dictates building codes and development regulations applicable to the property.
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Community and Demographics
Northbrook’s demographic profile, encompassing factors such as population density, income levels, and age distribution, contributes to the character of the community. This demographic context shapes the social environment surrounding 5 Revere Drive and influences local amenities like schools and parks.
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Local Economy and Market
Northbrook’s economic landscape, including employment opportunities, business activity, and property values, directly impacts the real estate market. The village’s economic health and market trends influence the value and investment potential of properties like 5 Revere Drive.
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Infrastructure and Amenities
Northbrook’s infrastructure, encompassing transportation networks, utilities, and public facilities, plays a vital role in residents’ daily lives. Access to these resources, such as proximity to major highways or the quality of local schools, directly affects the desirability and value of 5 Revere Drive.
These facets of Northbrook, Illinois, collectively contribute to the overall context of 5 Revere Drive. The property’s value, its access to services, and its position within the local market are all intertwined with the characteristics of the village itself. Understanding Northbrook’s municipal identity provides a crucial framework for evaluating the property within its broader environment.
3. Residential Address
“Residential address” designates a property’s function as a dwelling, distinguishing it within the broader context of property classifications. For “5 Revere Drive Northbrook IL 60062,” this designation signifies its intended use as a private residence, shaping its legal framework, market valuation, and community integration.
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Legal Implications
Classifying a property as residential establishes its legal standing within zoning regulations and building codes. This classification dictates permissible uses, occupancy limits, and construction standards. For 5 Revere Drive, the residential designation determines its adherence to Northbrook’s residential zoning ordinances, impacting permitted activities and potential modifications.
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Market Valuation
Residential properties are evaluated differently than commercial or industrial properties within the real estate market. Factors like comparable home sales, neighborhood demographics, and school districts heavily influence valuation. The residential designation of 5 Revere Drive places it within the residential real estate market, impacting its appraisal and potential resale value.
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Community Integration
Residential addresses contribute to the fabric of a community by forming the foundation of neighborhoods. Residential designations promote social interaction, shared amenities, and a sense of belonging. 5 Revere Drive, as a residential address, integrates into the Northbrook community, contributing to the neighborhood’s character and social dynamics.
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Service Provision
Municipal services are often tailored to the specific needs of residential properties. Garbage collection, water supply, and emergency services are structured around residential areas. 5 Revere Drive, designated as a residential address, benefits from Northbrook’s residential service infrastructure, ensuring access to essential utilities and community resources.
These facets of a “residential address” collectively shape the understanding and function of 5 Revere Drive within Northbrook. The residential classification informs its legal parameters, market value, community role, and access to services, solidifying its position as a private residence within the larger municipal framework.
4. Cook County
Cook County forms the overarching administrative and geographical framework for 5 Revere Drive Northbrook IL 60062. Understanding Cook County’s influence provides crucial context for the property’s legal standing, taxation, access to regional resources, and its position within the broader Chicago metropolitan area.
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Governance and Administration
Cook County’s administrative structure encompasses various levels of governance impacting property regulations, taxation, and public services. The county’s ordinances and administrative decisions influence building codes, property assessments, and access to county-level resources relevant to 5 Revere Drive. This administrative layer adds complexity beyond municipal governance, affecting legal processes and property ownership within Northbrook.
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Taxation and Revenue
Cook County levies property taxes that contribute to funding county-wide services like the court system, healthcare infrastructure, and social programs. Property owners at 5 Revere Drive contribute to this tax base, and understanding Cook County’s fiscal policies is essential for comprehending the overall property tax burden and allocation of resources within the region.
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Regional Infrastructure and Services
Cook County manages and maintains substantial infrastructure, including transportation networks, healthcare facilities, and social service agencies. 5 Revere Drive benefits from access to these county-wide resources, including major roadways, public transportation, and healthcare systems that contribute to the property’s accessibility and overall value.
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Metropolitan Context
Cook County encompasses the majority of the Chicago metropolitan area, placing 5 Revere Drive within a dynamic economic and cultural landscape. Proximity to Chicago provides access to employment opportunities, cultural attractions, and a broader real estate market, influencing property values and lifestyle considerations relevant to Northbrook residents.
These interconnected facets of Cook County demonstrate its significant influence on 5 Revere Drive. From administrative oversight to regional resource allocation, Cook County plays a crucial role in shaping the property’s context and value within the larger Chicago metropolitan area. Understanding these influences provides a comprehensive perspective on the property’s position within its broader geographic and administrative environment.
5. Real Estate Data
Real estate data provides crucial insights into the characteristics, value, and market context of a specific property, such as the one located at 5 Revere Drive Northbrook IL 60062. This data encompasses a range of information, from property size and tax assessments to historical sales data and neighborhood demographics. Accessing and interpreting this data is essential for various stakeholders, including potential buyers, sellers, real estate professionals, and municipal assessors.
For 5 Revere Drive, real estate data reveals specifics about the property itself, including its lot size, square footage, number of bedrooms and bathrooms, and any recent renovations. This data informs potential buyers about the property’s physical attributes and allows for comparisons with similar properties in the market. Historical sales data reveals previous transaction prices and dates, providing insights into market trends and potential appreciation. Tax assessment data reflects the assessed value of the property, impacting property taxes and influencing market valuation. Data on local school districts, crime rates, and proximity to amenities contribute to a comprehensive understanding of the neighborhood surrounding the property.
Consider a scenario where a potential buyer is interested in 5 Revere Drive. Access to comprehensive real estate data allows them to make informed decisions. They can compare the asking price with recent sales of comparable properties in Northbrook, assess the property’s tax burden based on its assessed value, and evaluate the suitability of the surrounding neighborhood based on school ratings and crime statistics. Similarly, real estate professionals rely on this data to accurately price properties, advise clients, and negotiate transactions. Municipal assessors use real estate data to determine property tax assessments, ensuring equitable distribution of the tax burden. Accurate and readily available real estate data contributes to market transparency, facilitates informed decision-making, and supports efficient functioning of the real estate market. Understanding the nuances of real estate data, particularly its application to a specific property like 5 Revere Drive, empowers individuals and organizations within the real estate ecosystem to make informed choices and contribute to a more stable and transparent market.
6. Navigation Coordinates
Navigation coordinates provide a precise method for locating a specific point on Earth’s surface, essential for mapping, logistics, and location-based services. For a property like 5 Revere Drive Northbrook IL 60062, these coordinates, expressed as latitude and longitude, represent its unique position within the global geographic framework. This precise location data facilitates various applications, from navigating to the property using GPS devices to integrating its location within Geographic Information Systems (GIS) for spatial analysis. The existence of precise navigation coordinates allows for accurate identification and differentiation of 5 Revere Drive from any other location on Earth. Without these coordinates, pinpointing the property’s exact location would be significantly more challenging, impacting emergency services, deliveries, and property management.
Consider the scenario of emergency services responding to an incident at 5 Revere Drive. Dispatch systems rely on navigation coordinates to direct first responders quickly and efficiently to the precise location. Delivery services utilize these coordinates to optimize delivery routes and ensure accurate package delivery. Real estate applications leverage navigation coordinates to display property locations on maps and integrate with other location-based data. For instance, a real estate website might display nearby schools, parks, and businesses relative to 5 Revere Drive based on its navigation coordinates. The availability of this precise location data streamlines various processes, enhances efficiency, and contributes to the smooth functioning of logistical and informational systems.
In summary, navigation coordinates constitute a fundamental component of identifying and interacting with a specific property like 5 Revere Drive Northbrook IL 60062. These coordinates enable precise location identification, facilitating critical services like emergency response, delivery logistics, and real estate transactions. The availability and accuracy of these coordinates contribute to a more efficient and interconnected world, where location-based data empowers various applications and services. Challenges related to maintaining accurate and up-to-date navigation data highlight the ongoing need for robust geospatial infrastructure and data management practices.
7. Community Context
Community context significantly influences a property’s character and value. For 5 Revere Drive Northbrook IL 60062, understanding the surrounding community provides crucial insights beyond the property’s physical attributes. This context encompasses factors such as neighborhood demographics, school districts, local amenities, safety, and community involvement. These elements collectively shape the living experience and impact property values.
Northbrook, a village within Cook County, Illinois, provides the immediate community context for 5 Revere Drive. Northbrook’s reputation for excellent schools, well-maintained parks, and low crime rates contributes positively to the desirability of properties within its boundaries. Access to quality education influences family decisions regarding residential location, directly impacting property values in neighborhoods with highly-rated schools. The presence of parks and recreational facilities enhances quality of life, contributing to a sense of community and influencing property desirability. Conversely, high crime rates or lack of essential amenities can negatively impact a neighborhood’s appeal and depress property values. Community involvement, reflected in active neighborhood associations and local events, fosters a sense of belonging and contributes to the overall social environment.
Consider a hypothetical scenario: two identical properties, one located in a neighborhood with highly-rated schools and active community involvement, the other in an area with struggling schools and limited community engagement. The property in the more desirable neighborhood will likely command a higher market value due to the positive influence of its community context. Understanding these dynamics is crucial for real estate professionals, investors, and homeowners alike. Analyzing community context provides valuable data for property valuation, investment decisions, and community development initiatives. Challenges related to quantifying the impact of community context underscore the need for comprehensive data analysis and consideration of qualitative factors when assessing property values and making real estate decisions. This holistic approach, integrating property-specific data with broader community insights, provides a more nuanced and accurate understanding of a property’s true value and its potential within its surrounding environment.
8. Market Value
Market value, representing the estimated price a property would command in a competitive market, constitutes a crucial element in understanding a specific property like 5 Revere Drive Northbrook IL 60062. This value reflects the interplay of various factors, including property characteristics, location, market conditions, and comparable sales data. Establishing market value requires a comprehensive analysis of these interconnected elements, impacting real estate transactions, property assessments, and investment decisions.
Several factors contribute to the market value of 5 Revere Drive. The property’s physical attributes, such as square footage, number of bedrooms and bathrooms, and lot size, directly influence its value. Location within Northbrook, a desirable suburb of Chicago, contributes significantly to market value. Northbrook’s excellent schools, low crime rates, and access to amenities enhance property desirability. Current market conditions, including supply and demand dynamics, interest rates, and overall economic climate, exert considerable influence on market fluctuations. Analyzing recent sales of comparable properties in the area provides a benchmark for assessing market value. For instance, if similar homes in Northbrook have recently sold for a specific price range, this data informs the market value estimation for 5 Revere Drive. A sudden increase in demand for housing in Northbrook, coupled with limited inventory, could drive up market values, whereas an economic downturn might exert downward pressure on prices. Understanding these dynamic market forces is crucial for accurate valuation.
Accurately determining market value holds significant practical implications. For sellers, understanding market value informs pricing strategies and ensures realistic expectations. Buyers rely on market value assessments to make informed offers and avoid overpaying. Lenders utilize market value appraisals to assess risk and determine loan amounts. Property tax assessments, based on market value estimations, influence property tax liabilities. Challenges arise when assessing unique properties or during periods of rapid market fluctuations, making accurate valuation more complex. Despite these challenges, understanding market value remains crucial for effective real estate transactions, informed investment decisions, and equitable property taxation. Market value, therefore, constitutes a dynamic and essential component of analyzing any property, including 5 Revere Drive Northbrook IL 60062, providing crucial insights for various stakeholders in the real estate market.
Frequently Asked Questions
This section addresses common inquiries regarding the property located at 5 Revere Drive Northbrook, IL 60062. The information provided aims to offer clarity and facilitate informed decision-making.
Question 1: What is the current market value of the property?
Market value is subject to fluctuation based on various market factors. Consulting a qualified real estate appraiser provides the most accurate assessment.
Question 2: What are the property taxes for 5 Revere Drive?
Property taxes are determined by the assessed value and local tax rates. Contacting the Cook County Assessor’s Office provides specific tax information for this property.
Question 3: What is the size of the property?
Property size, including lot dimensions and interior square footage, can be obtained through public records or real estate listings.
Question 4: What school district does 5 Revere Drive fall within?
Information regarding school district boundaries can be obtained through the Northbrook School District or local real estate resources.
Question 5: What is the crime rate in the neighborhood surrounding 5 Revere Drive?
Crime statistics for specific neighborhoods can be accessed through local law enforcement agencies or online crime mapping resources. It’s important to consider that crime rates can fluctuate.
Question 6: What amenities are near the property?
Information regarding nearby amenities, such as parks, shopping centers, and healthcare facilities, can be readily found using online search engines and local directories.
Accessing reliable information sources is essential for informed decision-making regarding real estate. Consulting professionals, such as real estate appraisers and attorneys, provides expert guidance throughout the process.
Further inquiries regarding 5 Revere Drive can be directed to relevant local authorities and real estate professionals.
Tips for Real Estate Decisions
Navigating real estate transactions requires careful consideration of various factors. These tips offer guidance for informed decision-making, emphasizing thorough research and professional consultation.
Tip 1: Conduct Thorough Due Diligence: Research properties comprehensively, examining factors beyond aesthetics. Investigate property history, including past sales, permits, and any potential liens. Verify information independently through public records and reliable sources.
Tip 2: Consult Qualified Professionals: Engage experienced professionals, including real estate agents, attorneys, and inspectors. Professional guidance provides valuable insights and mitigates potential risks. Seek recommendations from trusted sources and verify credentials.
Tip 3: Analyze Market Conditions: Evaluate current market trends, considering factors such as inventory levels, interest rates, and economic indicators. Understanding market dynamics informs pricing strategies and negotiation tactics.
Tip 4: Assess Location Carefully: Evaluate a property’s location beyond its immediate surroundings. Consider proximity to essential services, transportation access, school districts, and community amenities. Location significantly impacts long-term value and quality of life.
Tip 5: Secure Financing Strategically: Explore various financing options and compare terms from multiple lenders. Secure pre-approval to demonstrate financial readiness and strengthen negotiating positions. Understand the long-term implications of mortgage terms and interest rates.
Tip 6: Inspect Thoroughly: Conduct comprehensive property inspections, including structural, mechanical, and environmental assessments. Identify potential issues early to negotiate repairs or adjust offers accordingly. Professional inspections provide crucial insights and mitigate future risks.
Tip 7: Negotiate Effectively: Approach negotiations strategically, considering market conditions and property specifics. Clearly communicate expectations and remain open to compromise. Professional representation strengthens negotiating positions and facilitates mutually beneficial outcomes.
Tip 8: Plan for Long-Term Costs: Account for ongoing expenses beyond the initial purchase price. Factor in property taxes, insurance, maintenance, and potential repairs. Realistic budgeting ensures long-term financial stability and mitigates unexpected costs.
Informed decisions mitigate risks and maximize potential returns in real estate. Thorough preparation, professional guidance, and objective analysis contribute to successful outcomes.
By applying these tips, stakeholders navigate real estate transactions with greater confidence and achieve their investment objectives.
Conclusion
Analysis of the property located at 5 Revere Drive, Northbrook, IL 60062 requires consideration of multiple factors. Location within Northbrook, situated within Cook County, provides context regarding local governance, services, and market dynamics. Property specifics, including its residential designation and associated real estate data, contribute to a comprehensive understanding of its characteristics and value. Access to precise navigation coordinates facilitates efficient location identification and integration with digital mapping systems. Understanding community context, encompassing neighborhood demographics, schools, and amenities, provides insights into quality of life and potential market influences. Finally, accurate market valuation, informed by comparable sales data and prevailing market conditions, proves crucial for informed real estate decisions.
Effective property analysis necessitates synthesizing diverse data points. Location, market dynamics, and property-specific attributes intertwine to shape overall value and investment potential. Informed decisions require diligent research, professional consultation, and objective assessment of available information. Careful consideration of these interconnected elements provides a framework for navigating the complexities of the real estate market and making sound investment choices.
