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Cook 60193
1531 Sunset Drive
$329,000
● House - Off Market

1531 Sunset Drive

Schaumburg, IL 60193
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$351,530
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Well-maintained brick ranch home in a great neighborhood on a corner lot. This 4 bedroom with 2 full bath home features updates within last 5 years kitchen with stainless steel appliances, laminate floors thruout, six panel doors, canned lighting, ceiling fans, fresh paint, new water heater, new septic tank, concrete driveway/walkway. Living room space with wood burning fireplace has been converted to spacious 4th bedroom and full bath. There's also a tandem room can be used as an office. Enjoy the large fenced back yard with fire pit and patio. Schaumburg schools with Nerge Elementary within walking distance! Close to parks, expressways, shopping, restaurants and more!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$227
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1961

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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 #11411496)

Price History

Date / Event Date Event Price
Aug 29, 2022 Sold
Premium
Sold
May 20, 2022 Listed by United Real Estate - Chicago $340,000
Listed by United Real Estate - Chicago

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 13,319
  • Total Building Area: 1,406
  • Gross Building Area: 1,406
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANIGARS MEDINAH SUNSET HILLS
  • Land Acres: 0000000306
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804803

Geography

  • District: 35
  • Parcel: 07-35-109-015-0000
  • Municipality: SCHAUMBURG
  • Latitude: 41.9988
  • Longitude: -88.0691

    Address

  • Full Address: 1531 Sunset Dr
  • Address - House Number: 1531
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: R001
  • 4-Digit Zip Code: 4901
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $847,047
  • Tax Rate Code Area: 35001

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 414,242
  • High Value: 508,831
  • Low Value: 319,654

    Market Valuation

  • Market Total Value: $310,000
  • Market Land Value: $53,280
  • Market Improvement Value: $256,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,000
  • Assessed Land Value: $5,328
  • Assessed Improvements Value: $25,672

    Sales

  • Current Sale Contract Date: Aug 28, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1282
  • Previous Sale Recording Date: Aug 04, 2020
  • Previous Sale Contract Date: May 29, 2020
  • Previous Sale Amount: $245,000
  • 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 Cook

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$240

Above Asking

2.05%

Average Days on Market

45

Average Home Size

1512 ft²

Average Home Age

64.8 years

Currently For Sale

9025 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 706 N Point Drive, Schaumburg, IL, 60193

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,351 ft²
706 N Point Drive, Schaumburg, IL, 60193 Listing by Sarah Leonard
Unit for rent at 411 Sequoia Court, Schaumburg, IL, 60193

$3,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,548 ft²
411 Sequoia Court, Schaumburg, IL, 60193 Listing by Chirag Patel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nikki Tran, United Real Estate - Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11411496
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 1531 Sunset Drive built and last sold?
The property at 1531 Sunset Drive was built in 1961 and last sold on Aug 28, 2022 for $329,000.
How much is this home worth?
The estimated value of the home located at 1531 Sunset Drive is $0.
What are some comparable homes to 1531 Sunset Drive?
There are currently no comparable homes to 1531 Sunset Drive.
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