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Addison 60101
222 N Sunset Lane
$528,000
● House - Off Market

222 N Sunset Lane

Addison, IL 60101
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,754 Ft²
$3,758
Est. Monthly
$180
HOA / Fees
1.84%
Cap Rate

About This Property

Freshly neutral painted spacious ranch in quiet neighborhood. Home is on a cul-de-sac and is handicap accessible. So much potential in the large unfinished basement. Large enough to add third bedroom, bathroom and family room. The back yard is private and peaceful. Lots of space in the open living area. Beautiful newly built neighborhood. Nothing to do but move in!
Unit Size
1,754 Ft²
Days on Market
-
Land Size
-
Price per sqft
$308
Property Type
House
Property Taxes
$926
HOA Dues
$180
Year Built
2019

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,799
  • Garage Type: 4
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 3,598
  • Gross Building Area: 3,598
  • Building Area: 1,799
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,799
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE ENCLAVE AT MILL CREEK PHASE 1 RESUB
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: THE ENCLAVE AT MILL CREEK PHASE 1 RESUB ALL

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840303

Geography

  • Subdivision Phase Number: 1
  • Parcel: 03-29-219-018
  • Municipality: ADDISON
  • Latitude: 41.9319
  • Longitude: -88.0081

    Address

  • Full Address: 222 N Sunset Ln
  • Address - House Number: 222
  • Street Direction: N
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Addison
  • Carrier Code: C015
  • 4-Digit Zip Code: 2338
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,028,436
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 479,409
  • High Value: 554,765
  • Low Value: 404,052

    Market Valuation

  • Market Total Value: $436,920
  • Market Land Value: $149,820
  • Market Improvement Value: $287,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $145,640
  • Assessed Land Value: $49,940
  • Assessed Improvements Value: $95,700

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2019-042338

    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 Addison

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1932 ft²

Average Home Age

40.4 years

Currently For Sale

49 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 21w205 Tee Lane, Itasca, IL, 60143

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,127 ft²
21w205 Tee Lane #A, Itasca, IL, 60143 Listing by Charles McCann
Unit for rent at 720 N Briar Hill Lane, Addison, IL, 60101

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 759 ft²
720 N Briar Hill Lane #5, Addison, IL, 60101 Listing by Anna Fuksa

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karin Carani, L.W. Reedy Real Estate
Data Source: MRED, MLS# MRD12423520
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 222 North Sunset Lane built and last sold?
The property at 222 North Sunset Lane was built in 2019 and last sold on May 30, 2019 for $440,000.
How much is this home worth?
The estimated value of the home located at 222 North Sunset Lane is $0.
What are some comparable homes to 222 North Sunset Lane?
There are currently no comparable homes to 222 North Sunset Lane.
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