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Naperville 60565 University Heights
1851 Vassar Drive
$690,000
● House - Off Market

1851 Vassar Drive

Naperville, IL 60565
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,740 Ft²
$4,284
Est. Monthly
4.55%
Cap Rate

About This Property

Large, Private, Corner Lot, Central Convenient location and Highly coveted Naperville School District! 203 This well maintained home is in a wonderful location just a short walk to DQ and Little Pops Pizza and a Short Drive to Downtown Naperville, And Highways for commuting. Open floor plan, finished basement with a 3/4 bathroom. Bedrooms are all generous sizes. Updates include, roof, furnace, driveway, siding, half bath and appliances. Corner lot has generous landscaping and feels private. The third car garage has space for all of the new owners storage needs! Schools are Meadow Glens, Madison and Naperville Central.
Unit Size
2,740 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$255
Property Type
House
Property Taxes
$847
HOA Dues
-
Year Built
1990

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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 #12084503)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 21, 2024 Listed by Baird & Warner $700,000
Listed by Baird & Warner

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial 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: 9
  • Basement Area: 1,140
  • Garage Type: 7
  • Garage Square Area: 630
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 3,880
  • Gross Building Area: 3,880
  • Building Area: 2,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,740
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HEIGHTS
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: UNIVERSITY HEIGHTS UNIT 11 ALL LOT 1473

Neighborhood

  • School District Name: Naperville Community Unit District 203
  • School Tax School District: DISTRICT 203
  • Census Tract: 846304

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3204-D4
  • Parcel: 08-33-122-004
  • Lot: 1473
  • Municipality: LISLE
  • Latitude: 41.7346
  • Longitude: -88.1017

    Address

  • Full Address: 1851 Vassar Dr
  • Legal Unit: 11
  • Address - House Number: 1851
  • Address - Street Name: Vassar
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Naperville
  • Carrier Code: R010
  • 4-Digit Zip Code: 9262
  • Zip Code: 60565

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $961,660
  • Tax Rate Code Area: 8043

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 606,190
  • High Value: 701,474
  • Low Value: 510,905

    Market Valuation

  • Market Total Value: $478,770
  • Market Land Value: $176,370
  • Market Improvement Value: $302,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $159,590
  • Assessed Land Value: $58,790
  • Assessed Improvements Value: $100,800

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Nov 15, 2005
  • Current Sale Recording Date: Dec 13, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005-275766
  • Previous Sale Recording Date: Dec 20, 2002
  • Previous Sale Contract Date: Nov 01, 2002
  • Previous Sale Amount: $389,000
  • 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 University Heights

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1993 ft²

Average Home Age

41.5 years

Currently For Sale

4 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 952 Norwood Court, Naperville, IL, 60540

$3,390 /mo

  • 3 Beds
  • 2 Baths
  • 2,100 ft²
952 Norwood Court, Naperville, IL, 60540 Listing by Ryan Cherney
Unit for rent at 1858 Princeton Circle, Naperville, IL, 60565

$3,895 /mo

  • 4 Beds
  • 3 Baths
  • 2,800 ft²
1858 Princeton Circle, Naperville, IL, 60565 Listing by Frank Passaro

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Suzanne McGuire, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 12084503
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 1851 Vassar Drive built and last sold?
The property at 1851 Vassar Drive was built in 1990 and last sold on Nov 15, 2005 for $460,000.
How much is this home worth?
The estimated value of the home located at 1851 Vassar Drive is $0.
What are some comparable homes to 1851 Vassar Drive?
There are currently no comparable homes to 1851 Vassar Drive.
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