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Carol Stream 60188
242 El Paso Lane
$340,000
● House - Off Market

242 El Paso Lane

Carol Stream, IL 60188
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,730 Ft²
$2,233
Est. Monthly
7.59%
Cap Rate

About This Property

Come see this beautiful professionally landscaped 3 bedroom. 1.5 bath split level home in desirable Holiday Hills. First floor den/office can also be converted into a 4th bedroom. Family room includes wood burning fireplace. Hardwood floors in bedrooms, living room and eating area. Enjoy so much beauty from the front porch and covered back patio.  This home is immaculate and has been very well maintained.
Unit Size
1,730 Ft²
Days on Market
-
Land Size
-
Price per sqft
$191
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1974

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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 #12093574)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jul 3, 2024 In contract -
In contract
Jun 28, 2024 Listed by Sperry CGA - LD Real Estate $329,900
Listed by Sperry CGA - LD Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 18
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,836
  • Gross Building Area: 1,836
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 5
  • Heating: 24
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY HILLS SUBDIVISION
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: PLAT OF HOLIDAY HILLS SUBDIVISION UNIT ONE

Neighborhood

  • School District Name: Community Consolidated School District 93
  • School Tax School District: CAROL STREAM
  • Census Tract: 841206

Zoning

  • Zoning: R

Geography

  • Parcel: 02-32-103-013
  • Block: 8
  • Lot: 10
  • Municipality: BLOOMINGDALE
  • Latitude: 41.9138
  • Longitude: -88.1261

    Address

  • Full Address: 242 El Paso Ln
  • Address - House Number: 242
  • Address - Street Name: El Paso
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Carol Stream
  • Carrier Code: C017
  • 4-Digit Zip Code: 1737
  • Zip Code: 60188

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $735,056
  • Tax Rate Code Area: 2046

    Appraisal Valuation

  • Standard Deviation: 0.1666
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 337,849
  • High Value: 394,167
  • Low Value: 281,531

    Market Valuation

  • Market Total Value: $257,040
  • Market Land Value: $84,570
  • Market Improvement Value: $172,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,680
  • Assessed Land Value: $28,190
  • Assessed Improvements Value: $57,490

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 2005
  • Current Sale Recording Date: Mar 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005-063801

    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 Carol Stream

Stats & Trends

Median Asking:

$359,950

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1508 ft²

Average Home Age

42 years

Currently For Sale

37 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 261 Sype Drive, Carol Stream, IL, 60188

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,460 ft²
261 Sype Drive, Carol Stream, IL, 60188 Listing by Robert Brannigan
Unit for rent at 800 Stanford Lane, Carol Stream, IL, 60188

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,520 ft²
800 Stanford Lane #800, Carol Stream, IL, 60188 Listing by Kimberly Peterson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Linda Durec, Sperry CGA - LD Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12093574
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 242 El Paso Lane built and last sold?
The property at 242 El Paso Lane was built in 1974 and last sold on Mar 29, 2005 for $264,500.
How much is this home worth?
The estimated value of the home located at 242 El Paso Lane is $337,129.
What are some comparable homes to 242 El Paso Lane?
There are currently no comparable homes to 242 El Paso Lane.
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