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Bartlett 60103
1591 Southgate Road
$606,500
● House - Off Market

1591 Southgate Road

Bartlett, IL 60103
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,200 Ft²
$4,053
Est. Monthly
$40
HOA / Fees
4.68%
Cap Rate

About This Property

Stunning home with open floor plan, two story entryway and 9 foot ceilings throughout. Over 4200 sq ft of living space including English basement! Gourmet kitchen features 42" cherry cabinetry, island with breakfast bar, pantry and double oven! First floor office has hardwood and crown molding. Huge primary suite with two walk in closets, tray ceiling and luxury bath. Three additional bedrooms and a second full bath upstairs. Basement offers Rec room, two additional bedrooms, full bath and bonus room plus kitchenette area too!  Large deck. Most appliances newer since 2020. New roof 2021. New driveway 2023. South Elgin High School.
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$186
Property Type
House
Property Taxes
$1,091
HOA Dues
$40
Year Built
2000

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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 #11897661)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Premium
Sold
Nov 1, 2023 Listed by Coldwell Banker Realty $595,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Full Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 3,200
  • Building Area: 3,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND HILLS
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: WOODLAND HILLS UNIT 11B ALL

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841308

Zoning

  • Zoning: R

Geography

  • Parcel: 01-16-411-017
  • Lot: 12
  • Municipality: WAYNE
  • Latitude: 41.9485
  • Longitude: -88.2121

    Address

  • Full Address: 1591 Southgate Rd
  • Legal Unit: 11
  • Address - House Number: 1591
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bartlett
  • Carrier Code: R008
  • 4-Digit Zip Code: 2081
  • Zip Code: 60103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,308,824
  • Tax Rate Code Area: 1173

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 583,731
  • High Value: 631,365
  • Low Value: 536,098

    Market Valuation

  • Market Total Value: $467,340
  • Market Land Value: $124,260
  • Market Improvement Value: $343,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $155,780
  • Assessed Land Value: $41,420
  • Assessed Improvements Value: $114,360

    Sales

  • Current Sale Contract Date: May 04, 2015
  • Current Sale Recording Date: May 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2015-048443
  • Previous Sale Recording Date: Sep 21, 2004
  • Previous Sale Contract Date: Sep 14, 2004
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Bartlett

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2012 ft²

Average Home Age

26.4 years

Currently For Sale

65 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: Nancy Eisele, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11897661
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 1591 Southgate Road built and last sold?
The property at 1591 Southgate Road was built in 2000 and last sold on May 4, 2015 for $393,000.
How much is this home worth?
The estimated value of the home located at 1591 Southgate Road is $0.
What are some comparable homes to 1591 Southgate Road?
There are currently no comparable homes to 1591 Southgate Road.
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