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Hawthorn Woods 60047 Woodland Estates
16 Norbert Drive
$610,000
● House - Off Market

16 Norbert Drive

Hawthorn Woods, IL 60047
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,324 Ft²
$3,741
Est. Monthly
4.41%
Cap Rate

About This Property

Sitting on nearly one acre of land, this home is nestled in the beautiful Woodland Estates. The home features 3 bedrooms upstairs, 2 full bathrooms and 2 half bathrooms, including one in the basement. The basement is fully finished with epoxy flooring and potential to put another bedroom downstairs. Hardwood flooring sprawls throughout the home, with a beautiful brick fireplace in the family room. This open floor plan allows for lots of ideas! To top it all off is the extra large driveway leading up to the 3 car garage. Do not wait on this gem!
Unit Size
2,324 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$258
Property Type
House
Property Taxes
$795
HOA Dues
-
Year Built
1989

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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: 2 years ago (MRED MLS #12284142)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 11, 2025 In contract -
In contract
Feb 5, 2025 Temporarily off market -
Temporarily off market
Feb 4, 2025 Listed by Compass $599,900
Listed by Compass
Jan 24, 2025 Temporarily off market -
Temporarily off market
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • 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: 9
  • Basement Area: 1,162
  • Garage Type: 1
  • Garage Square Area: 868
  • Parking Space Count: 3
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,594
  • Total Building Area: 4,354
  • Gross Building Area: 4,354
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND ESTATES UNIT NO 1
  • Land Acres: 0000000932
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: WOODLAND ESTATES UNIT NO 1 LOT 8

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864402

Geography

  • Assessors Map Reference: 2700-A1
  • District: ELA
  • Parcel: 14-11-308-008
  • Lot: 8
  • Municipality: TWP OF ELA
  • Latitude: 42.2121
  • Longitude: -88.0358

    Address

  • Full Address: 16 Norbert Dr
  • Legal Unit: 1
  • Address - House Number: 16
  • Address - Street Name: Norbert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hawthorn Woods
  • Carrier Code: R001
  • 4-Digit Zip Code: 9145
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $954,060
  • Tax Rate Code Area: 15134

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 560,609
  • High Value: 650,166
  • Low Value: 471,051

    Market Valuation

  • Market Total Value: $431,065
  • Market Land Value: $96,811
  • Market Improvement Value: $334,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $143,674
  • Assessed Land Value: $32,267
  • Assessed Improvements Value: $111,407

    Sales

  • Current Sale Contract Date: Aug 19, 1995
  • Current Sale Recording Date: Aug 25, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 3714176
  • Previous Sale Recording Date: Aug 29, 1994
  • Previous Sale Contract Date: Aug 19, 1994
  • Previous Sale Amount: $284,000
  • Previous Sale Document Type: 69

    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 Woodland Estates

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$188

Below Asking

0.01%

Average Days on Market

29

Average Home Size

6704 ft²

Average Home Age

37 years

Currently For Sale

0 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: Matthew Mika, Compass
Last Updated: 2 years ago
Data Source: MRED, MLS# 12284142
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 16 Norbert Drive built and last sold?
The property at 16 Norbert Drive was built in 1989 and last sold on Aug 19, 1995 for $284,000.
How much is this home worth?
The estimated value of the home located at 16 Norbert Drive is $605,899.
What are some comparable homes to 16 Norbert Drive?
There are currently no comparable homes to 16 Norbert Drive.
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