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West Chicago 60185
2394 Alamance Drive
$535,000
● House - Off Market

2394 Alamance Drive

West Chicago, IL 60185
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,700 Ft²
$567,574
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

St. Charles Schools. Walk to Norton Creek Elementary! Stunning 4 BR, 2.5 BA home in The Reserve of Cornerstone Lakes w/ Updated Kitchen, Granite Countertops, SS Kitchen Appliances, 1st Floor Office/Den & Laundry, Hardwood Floors Main Level, Recessed Lighting, Crown Moulding, Wrought Iron Rail Staircase, Luxurious Master Bath Steam Spa Shower w/ Multiple Jets, Three Master Walk-In Closets, Additional Sitting Room in Master, Large Rec Room in Basement with Bonus Room and Storage Area, Fenced Back Yard, Retractable Awning Over Deck, Extended Paver Driveway, Three Backyard Patio Areas, and Three Car Garage w/ Wiring for Electric Car Charger. THE PERFECT FAMILY HOME! Swimspa and Tesla Charger are excluded.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$198
Property Type
House
Property Taxes
$903
HOA Dues
-
Year Built
2001

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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 #11646938)

Price History

Date / Event Date Event Price
Dec 13, 2022 Sold
Premium
Sold
Oct 6, 2022 Listed by Jeffrey Possin $535,000
Listed by Jeffrey Possin

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Full Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,588
  • Building Area: 2,588
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,588
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN & COUNTRY HOMES
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: TOWN & COUNTRY HOMES 1ST ADD TO WEST CHICAGO UNIT 5 ALL

Neighborhood

  • School District Name: St. Charles Community Unit School District 303
  • School Tax School District: DISTRICT 303
  • Census Tract: 841310

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2965-C4
  • Parcel: 01-19-319-006
  • Lot: 448
  • Municipality: WAYNE
  • Latitude: 41.9358
  • Longitude: -88.2528

    Address

  • Full Address: 2394 Alamance Dr
  • Legal Unit: 5
  • Address - House Number: 2394
  • Address - Street Name: Alamance
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: West Chicago
  • Carrier Code: R012
  • 4-Digit Zip Code: 6447
  • Zip Code: 60185

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,133,934
  • Tax Rate Code Area: 1102

    Appraisal Valuation

  • Standard Deviation: 0.1698
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 548,527
  • High Value: 641,689
  • Low Value: 455,366

    Market Valuation

  • Market Total Value: $431,010
  • Market Land Value: $111,270
  • Market Improvement Value: $319,740

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $143,670
  • Assessed Land Value: $37,090
  • Assessed Improvements Value: $106,580

    Sales

  • Current Sale Contract Date: Dec 13, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 110840
  • Previous Sale Recording Date: Apr 18, 2006
  • Previous Sale Contract Date: Apr 07, 2006
  • Previous Sale Amount: $459,000
  • Previous Sale Document Type: 71
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 West Chicago

Stats & Trends

Median Asking:

$384,450

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2110 ft²

Average Home Age

66.4 years

Currently For Sale

14 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: Jeffrey Possin, Jeffrey Possin
Last Updated: 3 years ago
Data Source: MRED, MLS# 11646938
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 2394 Alamance Drive built and last sold?
The property at 2394 Alamance Drive was built in 2001 and last sold on Dec 13, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 2394 Alamance Drive is $0.
What are some comparable homes to 2394 Alamance Drive?
There are currently no comparable homes to 2394 Alamance Drive.
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