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Elburn 60119
246 Ream Drive
$405,000
● House - Off Market

246 Ream Drive

Elburn, IL 60119
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,164 Ft²
$2,645
Est. Monthly
6.06%
Cap Rate

About This Property

Beautiful 3 bedroom, 2.5 bath house set on a peaceful street in Elburn. The living room and dining room are combined with new carpeting and fresh paint. The kitchen is the center of home providing loads of storage, slabs of granite and ample prep space with easy access to the lush backyard which is a gardeners delight! Go and pick your own vegetables for true farm to table freshness! The family room is also spacious with hardwood floors and lots of light. Upstairs you'll find a luxurious master suite with it's own dressing area & two walk in closets. The master bath has double bowl vanity, soaking tub and walk in shower. The lower level is finished and includes rough-in plumbing. Roof new in 2023. Furnace new in 2023 with Ecobee programable thermostat. Carpet 2024. Newer windows. Wonderful place to call home!
Unit Size
2,164 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$183
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
2000

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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 #12103913)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jul 18, 2024 In contract -
In contract
Jul 8, 2024 Listed by RE/MAX Excels $395,000
Listed by RE/MAX Excels

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,105
  • Garage Type: 1
  • Garage Square Area: 496
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,765
  • Gross Building Area: 3,765
  • Building Area: 2,164
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,164
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE VALLEY NORTH
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040

Neighborhood

  • School District Name: Kaneland Community Unit School District 302
  • Census Tract: 852408

Geography

  • Parcel: 08-32-152-013
  • Lot: 11
  • Municipality: CAMPTON
  • Latitude: 41.9069
  • Longitude: -88.4695

    Address

  • Full Address: 246 Ream Dr
  • Address - House Number: 246
  • Address - Street Name: Ream
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Elburn
  • Carrier Code: R004
  • 4-Digit Zip Code: 9173
  • Zip Code: 60119

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $817,248
  • Tax Rate Code Area: CA013

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 377,741
  • High Value: 430,211
  • Low Value: 325,272

    Market Valuation

  • Market Total Value: $261,798
  • Market Land Value: $50,489
  • Market Improvement Value: $211,309

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,231
  • Assessed Land Value: $16,823
  • Assessed Improvements Value: $70,408

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 27, 2000
  • Current Sale Recording Date: Jul 06, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2000K053160
  • Previous Sale Recording Date: Feb 04, 2000
  • Previous Sale Contract Date: Jan 12, 2000
  • Previous Sale Amount: $56,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Elburn

Stats & Trends

Median Asking:

$435,950

Sale Price/ft²

$202

Above Asking

0.00%

Average Days on Market

40

Average Home Size

2347 ft²

Average Home Age

24.7 years

Currently For Sale

16 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

Rentals Near You

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MRED

Listed by: Dorothy Kolschowsky, RE/MAX Excels
Last Updated: 3 years ago
Data Source: MRED, MLS# 12103913
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 246 Ream Drive built and last sold?
The property at 246 Ream Drive was built in 2000 and last sold on Jun 27, 2000 for $196,500.
How much is this home worth?
The estimated value of the home located at 246 Ream Drive is $0.
What are some comparable homes to 246 Ream Drive?
There are currently no comparable homes to 246 Ream Drive.
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