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Wheeling 60090
1305 S Paddock Drive
$345,000
● House - Off Market

1305 S Paddock Drive

Wheeling, IL 60090
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,696 Ft²
$352,964
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

price for quick sale MASTER BED & BATH.ALL COLONIST TRIM,6 PANEL DOORS.CERAMIC TILE IN FOYER. WALKIN CLOSETS IN MB & 2ND BED.CEILING FANS IN ALL BEDROOMS AND FAMILY ROOM.LARGE 2 SECTION DECK WITH BUILT-IN BENCHES. OVERSIZE ORIME FENCED YARD.beautiful view
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$203
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1986

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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 #11401757)

Price History

Date / Event Date Event Price
Jul 21, 2022 Sold
Premium
Sold
May 12, 2022 Listed by iProperties $345,000
Listed by iProperties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 7,020
  • Total Building Area: 1,696
  • Gross Building Area: 1,696
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POLO RUN UNITII
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (POLO) (RUN) (UNITII) FINAL PLAT OF SUB OF PT OF THE SE SEC 15-42-11

Neighborhood

  • School District Name: Prospect Heights School District 23
  • Census Tract: 803014

Geography

  • District: 38
  • Parcel: 03-15-410-030-0000
  • Lot: 30
  • Meridian: SEC 15 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1151
  • Longitude: -87.9306

    Address

  • Full Address: 1305 S Paddock Dr
  • Legal Unit: 2
  • Address - House Number: 1305
  • Street Direction: S
  • Address - Street Name: Paddock
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wheeling
  • Carrier Code: C046
  • 4-Digit Zip Code: 5949
  • Zip Code: 60090

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $762,374
  • Tax Rate Code Area: 38035

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 399,331
  • High Value: 490,802
  • Low Value: 307,861

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $77,220
  • Market Improvement Value: $252,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000
  • Assessed Land Value: $7,722
  • Assessed Improvements Value: $25,278

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Aug 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12085
  • Previous Sale Recording Date: Jul 11, 1997
  • Previous Sale Contract Date: Jun 30, 1997
  • Previous Sale Amount: $202,500
  • 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 Wheeling

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1384 ft²

Average Home Age

47.4 years

Currently For Sale

50 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 1807 N Larch Drive, Mount Prospect, IL, 60056

$3,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,904 ft²
1807 N Larch Drive, Mount Prospect, IL, 60056 Listing by Connie Hoos
Unit for rent at 75 Timber Wolf Drive, Wheeling, IL, 60090

$3,850 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
75 Timber Wolf Drive, Wheeling, IL, 60090 Listing by Timothy Dannegger

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrew Oh, iProperties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11401757
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 1305 South Paddock Drive built and last sold?
The property at 1305 South Paddock Drive was built in 1986 and last sold on Jul 12, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 1305 South Paddock Drive is $0.
What are some comparable homes to 1305 South Paddock Drive?
There are currently no comparable homes to 1305 South Paddock Drive.
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