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Montgomery 60538
1337 Royal Drive
$347,500
● House - Off Market

1337 Royal Drive

Montgomery, IL 60538
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,493 Ft²
$2,041
Est. Monthly
11.04%
Cap Rate

About This Property

Step into this beautifully maintained tri-level home offering 4 spacious bedrooms and 2 stunning full baths. The gorgeous kitchen overlooks a large, fully fenced yard-perfect for entertaining or relaxing in peace. Enjoy the lush, professionally landscaped exterior and the abundance of living space throughout. With nothing to do but move in, this home is a true turnkey gem!
Unit Size
2,493 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,586
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 720
  • Total Building Area: 2,493
  • Gross Building Area: 2,493
  • Building Area: 2,097
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,097
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKVIEW ESTATES
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PARK VIEW ESTATES SUBDN : UNIT 3 LOT 81 LOT DIMENSIONS: 78 IRREG SUBDIVISION: PARKVIEW ESTATES RANGE CODE: 001

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854401

Geography

  • Parcel: 15-35-328-032
  • Lot: 81
  • Municipality: AURORA
  • Latitude: 41.7276
  • Longitude: -88.2933

    Address

  • Full Address: 1337 Royal Dr
  • Legal Unit: 3-81
  • Address - House Number: 1337
  • Address - Street Name: Royal
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Montgomery
  • Carrier Code: C002
  • 4-Digit Zip Code: 1834
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $373,264
  • Tax Rate Code Area: AU038

    Appraisal Valuation

  • Standard Deviation: 0.1398
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 258,715
  • High Value: 294,894
  • Low Value: 222,535

    Market Valuation

  • Market Total Value: $185,459
  • Market Land Value: $24,448
  • Market Improvement Value: $161,011

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,795
  • Assessed Land Value: $8,146
  • Assessed Improvements Value: $53,649

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 21, 2004
  • Current Sale Recording Date: Jun 24, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004K083594

    Financing

  • First Mortgage Financing Type: ADJ
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 Montgomery

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2031 ft²

Average Home Age

20.1 years

Currently For Sale

37 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

Rentals Near You

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MRED

Listed by: Jesus Perez, Realty of America, LLC
Data Source: MRED, MLS# MRD12428318
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 1337 Royal Drive built and last sold?
The property at 1337 Royal Drive was built in 1954 and last sold on Jun 21, 2004 for $185,000.
How much is this home worth?
The estimated value of the home located at 1337 Royal Drive is $349,728.
What are some comparable homes to 1337 Royal Drive?
There are currently no comparable homes to 1337 Royal Drive.
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