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Streamwood 60107
116 Somerset Drive
$389,000
● House - Off Market

116 Somerset Drive

Streamwood, IL 60107
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,037 Ft²
$2,420
Est. Monthly
6.48%
Cap Rate

About This Property

This bright 3-bedroom, 1.5-bath two-story home offers fantastic living space. Enjoy a spacious living and dining area, a cheerful kitchen ready for your personal touch, and three well-sized bedrooms upstairs. The home features an attached 2-car garage, providing convenience and extra storage. Step outside to a generous backyard - perfect for summer gatherings, gardening, or relaxing. Located in a great neighborhood with easy access to schools, parks, shopping, and highways. A great opportunity to make this charming home your own!
Unit Size
2,037 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$181
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1985

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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: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 1,945
  • Gross Building Area: 1,945
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STERLING ESTATE UN
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: PART SW4 S14 T41N R09E 3P

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804305

Geography

  • District: 18
  • Parcel: 06-14-303-058-0000
  • Lot: 34
  • Meridian: SEC 14 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0364
  • Longitude: -88.1767

    Address

  • Full Address: 116 Somerset Dr
  • Address - House Number: 116
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Streamwood
  • Carrier Code: C048
  • 4-Digit Zip Code: 6602
  • Zip Code: 60107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $707,324
  • Tax Rate Code Area: 18023

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 350,120
  • High Value: 430,112
  • Low Value: 270,129

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $62,400
  • Market Improvement Value: $207,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $6,240
  • Assessed Improvements Value: $20,760

    Sales

  • Current Sale Contract Date: Sep 11, 2012
  • Current Sale Recording Date: Nov 19, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 1232435062
  • Previous Sale Recording Date: May 02, 2012
  • Previous Sale Contract Date: Apr 05, 2012
  • Previous Sale Document Type: 42
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 Streamwood

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$233

Above Asking

0.00%

Average Days on Market

43

Average Home Size

1622 ft²

Average Home Age

45.1 years

Currently For Sale

52 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 109 Holmes Way, Schaumburg, IL, 60193

$2,900 /mo

  • 3 Beds
  • 2 Baths
109 Holmes Way #109, Schaumburg, IL, 60193 Listing by Karen Finnander

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Alexandra Shaban, Jameson Sotheby's Intl Realty
Data Source: MRED, MLS# MRD12361130
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 116 Somerset Drive built and last sold?
The property at 116 Somerset Drive was built in 1985 and last sold on Sep 11, 2012 for $157,000.
How much is this home worth?
The estimated value of the home located at 116 Somerset Drive is $379,297.
What are some comparable homes to 116 Somerset Drive?
There are currently no comparable homes to 116 Somerset Drive.
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