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Berkeley 60163
1507 N Taft Avenue
$250,000
● House - Off Market

1507 N Taft Avenue

Berkeley, IL 60163
bedrooms
2 Beds
bathrooms
1 Bath
square feet
858 Ft²
$244,181
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

DO NOT PASS THIS UP! Charming brick ranch, well maintained, move-in ready, in desirable Berkeley. Two bedrooms, one bath, bright living room with newly refinished hardwood floors, eat-in kitchen with new quartz countertops and  white cabinets. Interior freshly painted throughout. Abundant closets for storage plus full basement with the possibility of finishing as an added living space. New front door and all new thermo-pane windows in 2023. 2020-2022 updates include top of the line HVAC system, water heater, perimeter fence, gutters, and front and back storm doors. 2016-2021 tuckpointing and cement work done. 2013 new roof installed. Two car garage. Half mile walk to Metra Train Station which is ideal for commuters and close to highway, shopping, restaurants, library, and post office.
Unit Size
858 Ft²
Days on Market
-
Land Size
-
Price per sqft
$280
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1953

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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.

Last updated: 3 years ago (MRED MLS #11734650)

Price History

Date / Event Date Event Price
Apr 14, 2023 Sold
Premium
Sold
Mar 10, 2023 Listed by Compass $240,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 858
  • Gross Building Area: 858
  • Building Area: 858
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 858
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAGERS SUB
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (FAGERS) SUB OF LTS11 & 12 IN BLK3 IN WOLF RD HIGHLAN DS BEING ROBERTSON & YOUNG SUB SEC7 SEC 07-39-12

Neighborhood

  • School District Name: Proviso Township High School District 209
  • Census Tract: 816800

Geography

  • District: 31
  • Parcel: 15-07-214-062-0000
  • Block: 3
  • Lot: 11,12
  • Meridian: SEC 07 TWN 39N RNG 12E
  • Municipality: PROVISO
  • Latitude: 41.8875
  • Longitude: -87.9129

    Address

  • Full Address: 1507 N Taft Ave
  • Address - House Number: 1507
  • Street Direction: N
  • Address - Street Name: Taft
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Berkeley
  • Carrier Code: C044
  • 4-Digit Zip Code: 1459
  • Zip Code: 60163

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $495,605
  • Tax Rate Code Area: 31026

    Appraisal Valuation

  • Standard Deviation: 0.2524
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 258,710
  • High Value: 324,018
  • Low Value: 193,401

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $44,000
  • Market Improvement Value: $176,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,400
  • Assessed Improvements Value: $17,600

    Sales

  • Current Sale Contract Date: Dec 23, 1998
  • Current Sale Recording Date: Dec 31, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 08189923
  • Previous Sale Recording Date: Dec 28, 1993
  • Previous Sale Contract Date: Dec 08, 1993
  • 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 Berkeley

Stats & Trends

Median Asking:

$326,000

Sale Price/ft²

$248

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1154 ft²

Average Home Age

70.7 years

Currently For Sale

7 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

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MRED

Listed by: Mary White, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11734650
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 1507 North Taft Avenue built and last sold?
The property at 1507 North Taft Avenue was built in 1953 and last sold on Dec 23, 1998 for $117,000.
How much is this home worth?
The estimated value of the home located at 1507 North Taft Avenue is $242,554.
What are some comparable homes to 1507 North Taft Avenue?
There are currently no comparable homes to 1507 North Taft Avenue.
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