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South Barrington 60010
16 Olympic Drive
$850,000
● House - Off Market

16 Olympic Drive

South Barrington, IL 60010
bedrooms
5 Beds
bathrooms
3 Baths
$5,609
Est. Monthly
$110
HOA / Fees
3.28%
Cap Rate

About This Property

Bright 5 bedroom Home & Three Car Garage*Two-Story Foyer & Family Room W/cathedral Ceilings*Wonderful Views. First floor full bath. Kitchen Maple Cabinetry, Stainless Appls & Corian countertop,4 Bedrooms upstairs.  Master Bedroom Suite W/Luxury Bathroom, master den and huge walk-in closet. 5th bedroom on first floor icould be office, Bonus room on 1st floor is also sunroom. Pictures were taken before last tenant moved in. This is NOT 55+ community.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,424
HOA Dues
$110
Year Built
2008

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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 #12022588)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Apr 5, 2024 Listed by RE/MAX Suburban $829,900
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,256
  • Total Building Area: 3,134
  • Gross Building Area: 3,134
  • Building Area: 3,134
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODS/SOUTH BARRINGTON PH 01
  • Land Acres: 0000000557
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 804204

Geography

  • District: 10
  • Parcel: 01-28-203-011-0000
  • Lot: 226
  • Municipality: BARRINGTON
  • Latitude: 42.089
  • Longitude: -88.1839

    Address

  • Full Address: 16 Olympic Dr
  • Address - House Number: 16
  • Address - Street Name: Olympic
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: South Barrington
  • Carrier Code: R005
  • 4-Digit Zip Code: 1093
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,708,378
  • Tax Rate Code Area: 10131

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 915,603
  • High Value: 1,098,365
  • Low Value: 732,841

    Market Valuation

  • Market Total Value: $738,720
  • Market Land Value: $169,790
  • Market Improvement Value: $568,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,872
  • Assessed Land Value: $16,979
  • Assessed Improvements Value: $56,893

    Sales

  • Current Sale Contract Date: Mar 28, 2008
  • Current Sale Recording Date: Apr 15, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 0810633235

    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 South Barrington

Stats & Trends

Median Asking:

$1,324,500

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

44

Average Home Size

5783 ft²

Average Home Age

26.5 years

Currently For Sale

15 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: Yang Xu, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 12022588
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 Olympic Drive built and last sold?
The property at 16 Olympic Drive was built in 2008 and last sold on Mar 28, 2008 for $854,500.
How much is this home worth?
The estimated value of the home located at 16 Olympic Drive is $0.
What are some comparable homes to 16 Olympic Drive?
There are currently no comparable homes to 16 Olympic Drive.
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