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Streamwood 60107
244 IRIS Drive
$345,250
● House - Off Market

244 IRIS Drive

Streamwood, IL 60107
bedrooms
3 Beds
bathrooms
2 Baths
$2,211
Est. Monthly
7.60%
Cap Rate

About This Property

Beautiful and newly updated throughout! Single Family Home in highly-desired area in The Meadows. This 3 Bed, 2 Bath features an attached 2-car garage, spacious family room and updated bedrooms with tons of natural light. Modern and stylish kitchen with stainless steel appliances, quartz countertops, white shaker style cabinets, designer finishes, and eating area. The large patio and spacious backyard make for an entertainer's dream! Close to Park, Schools, and Shopping Center. Agent Owned/Interest.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
1990

Payment Calculator

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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 #11947152)

Price History

Date / Event Date Event Price
Jan 11, 2024 Sold
Premium
Sold
Dec 14, 2023 Listed by Jameson Sotheby's International Realty $339,900
Listed by Jameson Sotheby's International Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,435
  • Total Building Area: 1,450
  • Gross Building Area: 1,450
  • Building Area: 1,450
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,450
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STREAMWOOD GREEN THE MEADOWS PHASE1
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: (STREAMWOOD) (GREEN) THE (MEADOWS) (PHASE1) OF THAT P T OF THE SW SEC 24-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804308

Geography

  • District: 18
  • Subdivision Phase Number: 1
  • Parcel: 06-24-316-023-0000
  • Lot: 67
  • Meridian: SEC 24 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0205
  • Longitude: -88.156

    Address

  • Full Address: 244 Iris Dr
  • Address - House Number: 244
  • Address - Street Name: Iris
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Streamwood
  • Carrier Code: C022
  • 4-Digit Zip Code: 2222
  • Zip Code: 60107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $649,909
  • Tax Rate Code Area: 18023

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 335,353
  • High Value: 411,970
  • Low Value: 258,735

    Market Valuation

  • Market Total Value: $250,860
  • Market Land Value: $51,480
  • Market Improvement Value: $199,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,086
  • Assessed Land Value: $5,148
  • Assessed Improvements Value: $19,938

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28070
  • Previous Sale Recording Date: Oct 12, 2023
  • Previous Sale Contract Date: Sep 11, 2023
  • Previous Sale Amount: $222,000
  • Previous Sale Document Type: 27
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 Streamwood

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$233

Above Asking

0.00%

Average Days on Market

43

Average Home Size

1428 ft²

Average Home Age

43 years

Currently For Sale

71 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 110 W Bartlett Avenue, IL, 60103

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 650 ft²
110 W Bartlett Avenue #101, IL, 60103 Listing by Ed Calusinski
Unit for rent at 1829 Quaker Hollow Lane, Streamwood, IL, 60107

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,427 ft²
1829 Quaker Hollow Lane #1829, Streamwood, IL, 60107 Listing by Blake Morgan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rebekah Butler, Jameson Sotheby's International Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11947152
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 244 Iris Drive built and last sold?
The property at 244 Iris Drive was built in 1990 and last sold on Dec 18, 2023 for $345,500.
How much is this home worth?
The estimated value of the home located at 244 Iris Drive is $343,299.
What are some comparable homes to 244 Iris Drive?
There are currently no comparable homes to 244 Iris Drive.
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