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Kane 60118
16N710 Sumter Drive
$420,000
● House - Off Market

16N710 Sumter Drive

Dundee, IL 60118
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,662 Ft²
$412,090
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Original owners took IMMACULATE care of this spacious, colonial home. Situated on a quiet, wooded lot, walkable to fabulous Tara Lake, this beautiful home oozes with character and features new roof & gutters, new windows (1st floor & basement), new water softener and more! Freshly painted. Other attributes include original hardwood floors throughout entire home (under carpet)! Please note the room sizes too...so much space! Watch the deer stroll through your yard from every window in the house. If you're looking for a great family home in a peaceful subdivision but near shopping, dining and expressway access...THIS IS IT! If you'd like lake rights to Tara Lake, you can OPTIONALLY pay less than $500 per year for access.
Unit Size
2,662 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$649
HOA Dues
-
Year Built
1965

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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: 3 years ago (MRED MLS #11712927)

Price History

Date / Event Date Event Price
Mar 9, 2023 Sold
Premium
Sold
Feb 4, 2023 Listed by Coldwell Banker Realty $399,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 6
  • Basement Area: 1,152
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,422
  • Lot Size Depth Feet: 1,417
  • Lot Size Frontage Feet: 2,147
  • Total Building Area: 4,276
  • Gross Building Area: 4,276
  • Building Area: 2,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,662
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION
  • Land Acres: 0000000711
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: TARA ; LOT 6 BLOCK 1 214.71X141.69 SUBDIVISION: TARA RANGE CODE: 8 E TWSHP 42N

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850103

Geography

  • Parcel: 03-20-176-003
  • Block: 1
  • Lot: 6
  • Municipality: DUNDEE
  • Latitude: 42.1061
  • Longitude: -88.3298

    Address

  • Full Address: 16n710 Sumter Dr
  • Address - House Number: 16n710
  • Address - Street Name: Sumter
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Dundee
  • Carrier Code: R005
  • 4-Digit Zip Code: 1743
  • Zip Code: 60118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $805,246
  • Tax Rate Code Area: DU007

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 465,320
  • High Value: 529,955
  • Low Value: 400,686

    Market Valuation

  • Market Total Value: $355,741
  • Market Land Value: $67,311
  • Market Improvement Value: $288,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,533
  • Assessed Land Value: $22,428
  • Assessed Improvements Value: $96,105

    Sales

  • Current Sale Contract Date: Mar 06, 2023
  • Current Sale Recording Date: Mar 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7963
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 Kane

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2437 ft²

Average Home Age

32.2 years

Currently For Sale

825 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: Cheri Hagan, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11712927
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 16N710 Sumter Drive built and last sold?
The property at 16N710 Sumter Drive was built in 1965 and last sold on Mar 6, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 16N710 Sumter Drive is $0.
What are some comparable homes to 16N710 Sumter Drive?
There are currently no comparable homes to 16N710 Sumter Drive.
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