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Carol Stream 60188
1281 Spring Valley Drive
$390,000
● House - Off Market

1281 Spring Valley Drive

Carol Stream, IL 60188
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,365 Ft²
$392,787
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

The home has been remodeled . Absolutely gorgeous Kitchen wooden floors & with new cabinets, granite counter tops & updated stove . Wood floors in living and Dining room, new roof in 2015.  W/B fireplace in family room leading to enclosed rec room with Hot tub. Beautiful Sunroom, Patio, Fenced Yard, Home backs to open field.
Unit Size
2,365 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$167
Property Type
House
Property Taxes
$621
HOA Dues
-
Year Built
1978

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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 #11831390)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jul 13, 2023 Listed by RE/MAX Suburban $395,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,365
  • Gross Building Area: 2,365
  • Building Area: 2,365
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,365
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING VALLEY UNIT 1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: SPRING VALLEY UNIT 1 ALL BLK E

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841325

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2967-B4
  • Parcel: 01-23-207-007
  • Block: E
  • Lot: 2
  • Municipality: WAYNE
  • Latitude: 41.9372
  • Longitude: -88.1656

    Address

  • Full Address: 1281 Spring Valley Dr
  • Legal Unit: 1
  • Address - House Number: 1281
  • Address - Street Name: Spring Valley
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Carol Stream
  • Carrier Code: C028
  • 4-Digit Zip Code: 9025
  • Zip Code: 60188

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $771,312
  • Tax Rate Code Area: 1084

    Appraisal Valuation

  • Standard Deviation: 0.1506
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 384,749
  • High Value: 442,713
  • Low Value: 326,785

    Market Valuation

  • Market Total Value: $297,390
  • Market Land Value: $86,220
  • Market Improvement Value: $211,170

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,130
  • Assessed Land Value: $28,740
  • Assessed Improvements Value: $70,390

    Sales

  • Current Sale Contract Date: Aug 21, 2023
  • Current Sale Recording Date: Oct 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 64161
  • Previous Sale Recording Date: Nov 03, 2015
  • Previous Sale Contract Date: Sep 03, 2015
  • Previous Sale Amount: $212,000
  • 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 Carol Stream

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1435 ft²

Average Home Age

41.7 years

Currently For Sale

36 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 419 Belmont Lane, Bartlett, IL, 60103

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,377 ft²
419 Belmont Lane, Bartlett, IL, 60103 Listing by Matthew Kombrink
Unit for rent at 1780 Nautilus Lane, Hanover Park, IL, 60133

$3,200 /mo

  • 3 Beds
  • 3 Baths
  • 2,000 ft²
1780 Nautilus Lane, Hanover Park, IL, 60133 Listing by Benyamin Lalez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Maria Novak, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11831390
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 1281 Spring Valley Drive built and last sold?
The property at 1281 Spring Valley Drive was built in 1978 and last sold on Aug 21, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 1281 Spring Valley Drive is $0.
What are some comparable homes to 1281 Spring Valley Drive?
There are currently no comparable homes to 1281 Spring Valley Drive.
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