$585,000
●
House -
In Contract
1251 N Scarlet Drive
Addison, IL 60101
4 Beds
2 Baths,
1
Half Bath
2,623 Ft²
$3,717
Est. Monthly
About This Property
(SEE PROFESSIONAL VIDEO AND 3D TOUR) Great location,
beautiful updates and a thoughtfully designed 500 square foot
family room addition highlight this special home in Addison's
popular Foxdale subdivision! The heart of this home is the updated
stainless and granite kitchen with breakfast bar and adjacent
breakfast area with cozy fireplace that flows out to the huge
family room with bar and second fireplace. This recent addition has
amazing natural light and gorgeous finishes and built-in
cabinetry/bar and opens onto a lushly landscaped patio and
beautifully manicured lawn. Truly a perfect floorplan for cooking
and entertaining. The main level also features a formal dining room
and living room. Four bedrooms upstairs with a spacious primary
bedroom featuring a luxe ensuite bath and walk-in closet. Nicely
updated guest bath with double basin vanity. Finished
basement with plenty of room for relaxing, recreation or play and
abundant storage. Zoned heating and cooling systems. Easy access to
expressways, Metra, and great dining, shopping and entertainment
along the Lake Street corridor.
Unit Size
2,623 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$223
Property Type
House
Property Taxes
$844
HOA Dues
-
Year Built
-
Listed By
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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.
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Concrete, Garage Door Opener, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Vaulted Ceiling(s), Dry Bar, Built-in Features, Walk-In Closet(s), Open Floorplan, Granite Counters
Appliances: Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Cooktop, Oven, Gas Cooktop, Gas Oven, Electric Oven, Range Hood
Flooring Type: Hardwood, Carpet, Wood
Laundry Features: Main Level, Gas Dryer Hookup
Rooms: 11
Has Fireplace
Fireplace Features: Wood Burning, Electric, Gas Starter, Attached Fireplace Doors/Screen
Fireplaces: 2
Basement: Finished, Storage Space, Daylight, Full, Rec/Family Area
Exterior Details
Square Footage: 2623
Square Footage Source: $0
Architectural Style: Colonial, Traditional
Year Built: 1987
Window Features: Screens, Skylight(s), Window Treatments, Insulated Windows
Construction Materials: Vinyl Siding, Brick, Clad Trim
Patio and Porch Features: Patio
Lot Features: Landscaped, Wooded, Mature Trees
Lot Size Area: 7840.8
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7840.8
Lot Size Dimensions: 65 x 120
Water Source: Public, Lake Michigan
Financial Details
Tax Annual Amount: $10,130
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Sewer : Overhead Sewers
Location Details
HOA/Condo/Coop Fee Includes: None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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HOA + Taxes
About Addison
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Listed by: Paul Yambrovich, Baird & Warner
Data Source: MRED, MLS# MRD12774794
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.
Data Source: MRED, MLS# MRD12774794
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