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Yorkville 60560
1602 CORNERSTONE Drive
$288,000
● House - Off Market

1602 CORNERSTONE Drive

YORKVILLE, IL 60560
bedrooms
3 Beds
bathrooms
2 Baths
$603,595
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Foreclosed Model Home For Sale.  This impressive ranch is on a professionally landscaped lot with upgrades such as: 3 car garage, Concrete Drive, Sprinkler System, Paver Patio,  hardwood floors, vaulted ceilings & fireplace, master suite with two walk-in closets, master bath has whirlpool tub, separate shower and double sinks.   Other features include a full basement, central vac. Special Financing Available too.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

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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.

Property Highlights

Garage
Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,060
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 900
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIARWOOD SUB
  • Land Acres: 0000000279
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 31 BRIARWOOD SUB CITY OF YORKVILLE

Neighborhood

  • School District Name: Yorkville Community Unit School District 115
  • Census Tract: 890601

Geography

  • Parcel: 05-05-403-001
  • Lot: 31
  • Municipality: KENDALL TOWNSHIP
  • Latitude: 41.6256
  • Longitude: -88.4523

    Address

  • Full Address: 1602 Cornerstone Dr
  • Address - House Number: 1602
  • Address - Street Name: Cornerstone
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Yorkville
  • Carrier Code: R082
  • 4-Digit Zip Code: 8918
  • Zip Code: 60560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $936,308
  • Tax Rate Code Area: KE008

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 413,670
  • High Value: 473,328
  • Low Value: 354,013

    Market Valuation

  • Market Total Value: $308,841
  • Market Land Value: $31,230
  • Market Improvement Value: $277,611

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,947
  • Assessed Land Value: $10,410
  • Assessed Improvements Value: $92,537

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: Jun 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202000010553
  • Previous Sale Recording Date: Jul 18, 2016
  • Previous Sale Contract Date: Jun 16, 2016
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27

    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 Yorkville

Stats & Trends

Median Asking:

$388,250

Sale Price/ft²

$194

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2223 ft²

Average Home Age

12.3 years

Currently For Sale

83 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 1824 B Country Hills Drive, Yorkville, IL, 60560

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
1824 B Country Hills Drive #B, Yorkville, IL, 60560 Listing by Giovanna Schmieder
Unit for rent at 2022 Ingemunson Lane, Yorkville, IL, 60560

$3,995 /mo

  • 4 Beds
  • 3 Baths
  • 3,986 ft²
2022 Ingemunson Lane, Yorkville, IL, 60560 Listing by Abhijit Leekha

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kelly Michelson, Coldwell Banker The Real Estate Group
Data Source: MRED, MLS# MRD06643320
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 1602 Cornerstone Drive built and last sold?
The property at 1602 Cornerstone Drive was built in 2007 and last sold on May 28, 2020 for $290,000.
How much is this home worth?
The estimated value of the home located at 1602 Cornerstone Drive is $416,754.
What are some comparable homes to 1602 Cornerstone Drive?
There are currently no comparable homes to 1602 Cornerstone Drive.
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