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Woodridge 60517
2500 Mitchell Drive
$420,000
● House - Off Market

2500 Mitchell Drive

Woodridge, IL 60517
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,738 Ft²
$398,062
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

***Multiple offers received. Highest & best are due by 4pm Sunday. Newly updated and move-in ready, 4 bedroom, 3 bathroom raised ranch! This welcoming & spacious home offers a modern aesthetic, neutral tones, fresh landscaping, four spacious bedrooms, a living room, separate dining room, updated kitchen with stainless appliances and granite counters, an oversized family room, ample storage, and a 2-car attached garage on 1/3 acre lot. Ideally located near several parks, shopping, dining, entertainment, and I-355 with highly-rated Meadowview, Jefferson, & North schools.
Unit Size
2,738 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$144
Property Type
House
Property Taxes
$757
HOA Dues
-
Year Built
1967

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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 #11722192)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
May 12, 2023 Listed by Eric Andersen Homes $395,000
Listed by Eric Andersen Homes

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,087
  • Garage Type: 7
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 2,537
  • Gross Building Area: 2,537
  • Building Area: 2,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 2,175
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINSTON HILLS
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: WINSTON HILLS UNIT 3

Neighborhood

  • School District Name: Community High School District 99
  • School Tax School District: LISLE-WOODRIDGE
  • Census Tract: 846305

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3143-D6
  • Parcel: 08-24-103-029
  • Block: 18
  • Lot: 16
  • Municipality: LISLE
  • Latitude: 41.768
  • Longitude: -88.0466

    Address

  • Full Address: 2500 Mitchell Dr
  • Legal Unit: 3
  • Address - House Number: 2500
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Woodridge
  • Carrier Code: C075
  • 4-Digit Zip Code: 1622
  • Zip Code: 60517

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $908,916
  • Tax Rate Code Area: 8048

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 412,781
  • High Value: 482,559
  • Low Value: 343,002

    Market Valuation

  • Market Total Value: $334,710
  • Market Land Value: $133,290
  • Market Improvement Value: $201,420

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,570
  • Assessed Land Value: $44,430
  • Assessed Improvements Value: $67,140

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 37396
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Contract Date: Apr 12, 2018
  • 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 Woodridge

Stats & Trends

Median Asking:

$439,450

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1786 ft²

Average Home Age

37.5 years

Currently For Sale

34 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 2546 Huntleigh Lane, Woodridge, IL, 60517

$3,400 /mo

  • 2 Beds
  • 2 Baths
  • 2,060 ft²
2546 Huntleigh Lane, Woodridge, IL, 60517 Listing by Carlton Buck
Unit for rent at 2905 Edgewood Parkway, Woodridge, IL, 60517

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 2,036 ft²
2905 Edgewood Parkway, Woodridge, IL, 60517 Listing by Cristina Panagopoulos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eric Andersen, Eric Andersen Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11722192
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 2500 Mitchell Drive built and last sold?
The property at 2500 Mitchell Drive was built in 1967 and last sold on May 31, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 2500 Mitchell Drive is $409,788.
What are some comparable homes to 2500 Mitchell Drive?
There are currently no comparable homes to 2500 Mitchell Drive.
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