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Spring Grove 60081 Breezy Lawn Estates
11514 Michigan Drive
$410,000
● House - Off Market

11514 Michigan Drive

Spring Grove, IL 60081
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,630 Ft²
$446,177
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

A rare chance to own a desirable ranch on one the best lots in Breezy Lawn Subdivision. On a quiet cul-de-sac, this home features a large 1.6 Acre lot with natural forest and landscaping that ensures privacy.  Skylights add to the abundant natural light. This quality KLM built home features an eat in kitchen, 3 season porch, fireplace, open dining area and large deck that opens to the backyard , Natural forest and Trail.  Walkout/English basement partially finished, with 6 windows making it bright and airy. There is a full bath on this level,  Because of the basement size and windows, 2 additional bedrooms could be built on this floor with plenty of room remaining for a good size basement.
Unit Size
3,630 Ft²
Days on Market
-
Land Size
-
Price per sqft
$118
Property Type
House
Property Taxes
$623
HOA Dues
$4
Year Built
1997

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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 #11401016)

Price History

Date / Event Date Event Price
Sep 26, 2022 Sold
Premium
Sold
May 11, 2022 Listed by Frank A. Prio $429,000
Listed by Frank A. Prio

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,809
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 68,192
  • Total Building Area: 1,809
  • Building Area: 1,809
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,809
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREEZY LAWN ESTATES 4TH ADDN
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2022R0033801 LT 82 BREEZY LAWN ESTATES 4TH ADDN

Neighborhood

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

Geography

  • Subdivision Tract Number: 50
  • Parcel: 05-06-401-007
  • Block: 401
  • Lot: 82
  • Municipality: BURTON TWP
  • Latitude: 42.4945
  • Longitude: -88.2246

    Address

  • Full Address: 11514 Michigan Dr
  • Address - House Number: 11514
  • Address - Street Name: Michigan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R003
  • 4-Digit Zip Code: 8129
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $853,168
  • Tax Rate Code Area: 05003

    Appraisal Valuation

  • Standard Deviation: 0.1629
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 432,898
  • High Value: 503,432
  • Low Value: 362,365

    Market Valuation

  • Market Total Value: $318,585
  • Market Land Value: $46,047
  • Market Improvement Value: $272,538

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,195
  • Assessed Land Value: $15,349
  • Assessed Improvements Value: $90,846

    Sales

  • Current Sale Contract Date: Sep 24, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33801
  • Previous Sale Recording Date: Sep 23, 2021
  • Previous Sale Contract Date: Sep 23, 2021
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 27
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:

$487,000

Sale Price/ft²

$232

Below Asking

0.02%

Average Days on Market

47

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

Rentals Near You

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MRED

Listed by: Frank Prio, Frank A. Prio
Last Updated: 3 years ago
Data Source: MRED, MLS# 11401016
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 11514 Michigan Drive built and last sold?
The property at 11514 Michigan Drive was built in 1997 and last sold on Sep 24, 2022 for $410,000.
How much is this home worth?
The estimated value of the home located at 11514 Michigan Drive is $452,013.
What are some comparable homes to 11514 Michigan Drive?
There are currently no comparable homes to 11514 Michigan Drive.
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