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Kane 60506
1040 Johnston Drive
$352,400
● House - Off Market

1040 Johnston Drive

Aurora, IL 60506
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,308 Ft²
$2,074
Est. Monthly
8.09%
Cap Rate

About This Property

This charming 3-bedroom, 2.5-bath ranch is nestled on a quiet dead-end street and has been updated in all the right places! The kitchen was beautifully remodeled in 2024 with all-new appliances (except the dishwasher), while the basement bath and laundry room were just completed. Major updates include a new driveway, shed, water softener, and well pressure tank in 2024, an updated powder room, new roof, and gutters in 2023, and a new A/C and furnace in 2022.    With a full basement, there's plenty of potential to expand. Step outside to a spacious backyard-an entertainer's dream-featuring multiple seating areas and plenty of room to run and play. Conveniently located near parks, shopping and Aurora University, this home is truly move-in ready. Welcome Home!
Unit Size
1,308 Ft²
Days on Market
-
Land Size
-
Price per sqft
$259
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1971

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,014
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,518
  • Lot Size Depth Feet: 2,190
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,784
  • Gross Building Area: 2,784
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE KNOLL&JOHNSTON
  • Land Acres: 0000000402
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: DAVID JOHNSTON SUBDN : UNIT 4 : LOT 5 BLK 4 LOT DIMENSIONS: 80 X 218.98 APPROX LOT SQ FT 17518 SUBDIVISION: PINE KNOLL & JOHNSTON RANGE CODE: 001

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 854002

Geography

  • Parcel: 15-30-452-018
  • Block: 4
  • Lot: 5
  • Municipality: AURORA
  • Latitude: 41.7409
  • Longitude: -88.3645

    Address

  • Full Address: 1040 Johnston Dr
  • Legal Unit: 4
  • Address - House Number: 1040
  • Address - Street Name: Johnston
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Aurora
  • Carrier Code: C046
  • 4-Digit Zip Code: 5716
  • Zip Code: 60506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $471,526
  • Tax Rate Code Area: AU009

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 284,734
  • High Value: 324,284
  • Low Value: 245,183

    Market Valuation

  • Market Total Value: $209,814
  • Market Land Value: $32,443
  • Market Improvement Value: $177,371

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,910
  • Assessed Land Value: $10,810
  • Assessed Improvements Value: $59,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 23, 2020
  • Current Sale Recording Date: Jan 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020K005257
  • Previous Sale Recording Date: Apr 24, 2014
  • Previous Sale Contract Date: Mar 20, 2014
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 68
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 Kane

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2432 ft²

Average Home Age

32.7 years

Currently For Sale

797 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 724 Oakton Road, Montgomery, IL, 60538

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 1,020 ft²
724 Oakton Road, Montgomery, IL, 60538 Listing by Brian Overheidt
Unit for rent at 429 Cottrell Lane, Aurora, IL, 60506

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,979 ft²
429 Cottrell Lane, Aurora, IL, 60506 Listing by Jai Raheja

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robyn Arnold, Legacy Properties
Data Source: MRED, MLS# MRD12307413
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 1040 Johnston Drive built and last sold?
The property at 1040 Johnston Drive was built in 1971 and last sold on Jan 23, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 1040 Johnston Drive is $340,071.
What are some comparable homes to 1040 Johnston Drive?
There are currently no comparable homes to 1040 Johnston Drive.
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