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DeKalb 60115 University Heights
1205 Loren Drive
$159,900
● House - Off Market

1205 Loren Drive

DeKalb, IL 60115
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,398 Ft²
$168,743
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Bring your imagination to this solidly built ranch home.  A little cosmetic sweat equity will go a LONG way here.  Three bedrooms, two baths.  Full basement.  Fenced city lot.  Deck and patio with pergola.  New roof and siding. Close proximity to NIU and downtown shopping, dining, and entertainment.  Quiet, well established neighborhood.
Unit Size
1,398 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
-

Payment Calculator

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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 #11631122)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Sep 16, 2022 Listed by Elm Street REALTORS $159,900
Listed by Elm Street REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,694
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HEIGHTS SUBDIVISION - SECOND
  • Land Acres: 0000000154
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 - BLK 4 - UNIVERSITY HEIGHTS SUBDIVISION - SECOND ADDITION

Neighborhood

  • School District Name: DeKalb Community Unit School District 428
  • Census Tract: 001002

Geography

  • Account Number: 0816427002
  • District: DK
  • Parcel: 08-16-427-002
  • Block: 4
  • Lot: 3
  • Municipality: DEKALB
  • Latitude: 41.9424
  • Longitude: -88.775

    Address

  • Full Address: 1205 Loren Dr
  • Address - House Number: 1205
  • Address - Street Name: Loren
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Dekalb
  • Carrier Code: C017
  • 4-Digit Zip Code: 2104
  • Zip Code: 60115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $412,388
  • Tax Rate Code Area: DK12

    Appraisal Valuation

  • Standard Deviation: 0.1846
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 215,700
  • High Value: 255,535
  • Low Value: 175,865

    Market Valuation

  • Market Total Value: $169,746
  • Market Land Value: $23,967
  • Market Improvement Value: $145,779

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,582
  • Assessed Land Value: $7,989
  • Assessed Improvements Value: $48,593

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11076
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 University Heights

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$149

Below Asking

0.03%

Average Days on Market

39

Average Home Size

1643 ft²

Average Home Age

51.3 years

Currently For Sale

0 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 1264 Bellevue Drive, DeKalb, IL, 60115

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,275 ft²
1264 Bellevue Drive #1264, DeKalb, IL, 60115 Listing by Rorry Skora

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Megan Martin, Elm Street REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11631122
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 1205 Loren Drive built and last sold?
The property at 1205 Loren Drive was built in and last sold on Nov 17, 2022 for $160,000.
How much is this home worth?
The estimated value of the home located at 1205 Loren Drive is $161,499.
What are some comparable homes to 1205 Loren Drive?
There are currently no comparable homes to 1205 Loren Drive.
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