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Spring Grove 60081 Breezy Lawn Estates
11015 Michigan Drive
$360,000
● House - Off Market

11015 Michigan Drive

Spring Grove, IL 60081
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,146 Ft²
$400,554
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Come Tour this impressive 4 bedroom, 3.5 bath home that sits on just over an acre in beautiful Spring Grove! This home features 4 bedrooms and 2 full baths upstairs, An eat in kitchen, formal dining room, living room and family room complete the first floor.  You will love how the kitchen is open to the family room as well as the large pavilion on the deck which makes this home a joy to entertain in.  The basement finishes off this great home with a large rec room, full bath, and an office to stay organized in.  The home has newer roof, siding and has been impeccably maintained.
Unit Size
2,146 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$629
HOA Dues
$4
Year Built
1994

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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: 3 years ago (MRED MLS #11110549)

Price History

Date / Event Date Event Price
Aug 11, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Stateline Dream Homes Inc $350,000
Listed by Stateline Dream Homes Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,073
  • Garage Type: 7
  • Garage Square Area: 621
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,014
  • Total Building Area: 2,146
  • Building Area: 2,146
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,146
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREEZY LAWN ESTS 3RD ADDN
  • Land Acres: 0000001056
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0045340 LT 55 BREEZY LAWN ESTS 3RD ADDN

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870106

Geography

  • Parcel: 05-07-227-014
  • Block: 227
  • Lot: 55
  • Municipality: BURTON TWP
  • Latitude: 42.4875
  • Longitude: -88.2254

    Address

  • Full Address: 11015 Michigan Dr
  • Address - House Number: 11015
  • Address - Street Name: Michigan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R003
  • 4-Digit Zip Code: 8499
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $813,496
  • Tax Rate Code Area: 05003

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 421,026
  • High Value: 491,440
  • Low Value: 350,611

    Market Valuation

  • Market Total Value: $304,608
  • Market Land Value: $40,923
  • Market Improvement Value: $263,685

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,536
  • Assessed Land Value: $13,641
  • Assessed Improvements Value: $87,895

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0045340
  • Previous Sale Recording Date: Dec 23, 1994
  • Previous Sale Contract Date: Dec 22, 1994
  • Previous Sale Amount: $198,500
  • 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 Breezy Lawn Estates

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$238

Below Asking

0.02%

Average Days on Market

50

Average Home Size

3170 ft²

Average Home Age

33.3 years

Currently For Sale

4 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

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MRED

Listed by: Jason Peterie, Stateline Dream Homes Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11110549
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 11015 Michigan Drive built and last sold?
The property at 11015 Michigan Drive was built in 1994 and last sold on Aug 18, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 11015 Michigan Drive is $0.
What are some comparable homes to 11015 Michigan Drive?
There are currently no comparable homes to 11015 Michigan Drive.
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