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Schaumburg 60193
226 Timbercrest Drive
$452,500
● House - Off Market

226 Timbercrest Drive

Schaumburg, IL 60193
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,594 Ft²
$2,928
Est. Monthly
5.59%
Cap Rate

About This Property

LIGHT, BRIGHT & COZY split-level home located in very desirable Timbercrest Woods subdivision. This traditionally remodeled home features a large welcoming entry with open views to Living room, Dining room and Kitchen with vaulted ceilings. Remodeled kitchen with Bosch SS appliances and granite counter tops. Fully updated bathrooms, Beautiful Hardwood floors throughout the home. Many more recent updates including roof, siding, furnace, windows, all electrical and plumbing fixtures. Double wide concrete driveway with additional concrete service pad for boat or RV. Award winning Schaumburg schools.
Unit Size
1,594 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$289
Property Type
House
Property Taxes
$670
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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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: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,467
  • Total Building Area: 1,285
  • Gross Building Area: 1,285
  • Building Area: 1,285
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,285
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERCREST WOODS UN 4
  • Land Acres: 0000000286
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804810

Geography

  • District: 35
  • Parcel: 07-22-305-004-0000
  • Lot: 191
  • Meridian: SEC 22 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0219
  • Longitude: -88.0893

    Address

  • Full Address: 226 Timbercrest Dr
  • Address - House Number: 226
  • Address - Street Name: Timbercrest
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C037
  • 4-Digit Zip Code: 1572
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $776,310
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 377,783
  • High Value: 462,640
  • Low Value: 292,926

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $112,200
  • Market Improvement Value: $207,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $11,220
  • Assessed Improvements Value: $20,780

    Sales

  • Current Sale Contract Date: Feb 21, 2017
  • Current Sale Recording Date: Feb 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 1705810055

    Financing

  • First Mortgage Financing Type: UNK
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 Schaumburg

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1632 ft²

Average Home Age

40.1 years

Currently For Sale

120 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 670 Lakeview Lane, Hoffman Estates, IL, 60169

$2,750 /mo

  • 4 Beds
  • 2 Baths
  • 1,390 ft²
670 Lakeview Lane, Hoffman Estates, IL, 60169 Listing by Yogesh Patel
Unit for rent at 808 S Cedarcrest Drive, Schaumburg, IL, 60193

$2,975 /mo

  • 3 Beds
  • 1 Bath
  • 1,386 ft²
808 S Cedarcrest Drive, Schaumburg, IL, 60193 Listing by Anthony Marte

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hank Fatoorehchi, Realty Executives Advance
Data Source: MRED, MLS# MRD12458915
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 226 Timbercrest Drive built and last sold?
The property at 226 Timbercrest Drive was built in 1968 and last sold on Feb 21, 2017 for $243,500.
How much is this home worth?
The estimated value of the home located at 226 Timbercrest Drive is $462,854.
What are some comparable homes to 226 Timbercrest Drive?
There are currently no comparable homes to 226 Timbercrest Drive.
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