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Bartlett 60103
1191 Independence Drive
$390,000
● House - Off Market

1191 Independence Drive

Bartlett, IL 60103
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,912 Ft²
$2,663
Est. Monthly
8.10%
Cap Rate

About This Property

Come check out this charming home nestled in the heart of Bartlett! Four spacious bedrooms, including a primary suite, and three full bathrooms, this home provides ample space for comfortable living. The heart of the home is the updated kitchen, equipped with modern appliances, quartz countertops, and plenty of cabinet space, making it a chef's delight and an ideal space for family gatherings. To complete the home there is a sub basement off the lower level waiting for your finishing touches. Large fenced yard is just a short walk from the neighborhood park and pond.  Conveniently located near schools, parks, and shopping centers. Don't miss the opportunity to make this house your home!
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$209
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11982558)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Feb 15, 2024 Listed by Compass $400,000
Listed by Compass

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,912
  • Building Area: 1,912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KENROYS APPLE ORCHARD RESUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: KENROYS APPLE ORCHARD RESUB NO 5 UNIT NO 2 ALL

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841327

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2910-C7
  • Parcel: 01-10-306-008
  • Lot: 194
  • Municipality: WAYNE
  • Latitude: 41.9632
  • Longitude: -88.2025

    Address

  • Full Address: 1191 Independence Dr
  • Legal Unit: 2
  • Address - House Number: 1191
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bartlett
  • Carrier Code: C057
  • 4-Digit Zip Code: 5719
  • Zip Code: 60103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $838,528
  • Tax Rate Code Area: 1036

    Appraisal Valuation

  • Standard Deviation: 0.0847
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 389,877
  • High Value: 422,930
  • Low Value: 356,823

    Market Valuation

  • Market Total Value: $305,880
  • Market Land Value: $89,130
  • Market Improvement Value: $216,750

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,960
  • Assessed Land Value: $29,710
  • Assessed Improvements Value: $72,250

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Apr 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17663
  • Previous Sale Recording Date: Jul 24, 2014
  • Previous Sale Contract Date: Jun 27, 2014
  • Previous Sale Amount: $236,500
  • Previous Sale Document Type: 71
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 Bartlett

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1983 ft²

Average Home Age

27.4 years

Currently For Sale

66 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 342 W Jervey Lane, Bartlett, IL, 60103

$3,350 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
342 W Jervey Lane #342, Bartlett, IL, 60103 Listing by Ed Calusinski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Stefanie Ridolfo, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11982558
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 1191 Independence Drive built and last sold?
The property at 1191 Independence Drive was built in 1979 and last sold on Mar 18, 2024 for $390,000.
How much is this home worth?
The estimated value of the home located at 1191 Independence Drive is $0.
What are some comparable homes to 1191 Independence Drive?
There are currently no comparable homes to 1191 Independence Drive.
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