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Addison 60101
256 N Brashares Drive
$365,000
● House - Off Market

256 N Brashares Drive

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,376 Ft²
$2,440
Est. Monthly
7.04%
Cap Rate

About This Property

Welcome to Westwood!! This spacious split level boasts gleaming hardwood floors throughout most of the home. The kitchen boasts breakfast bar, granite counters, stainless steel appliances and tons of cabinet space. Family room features vaulted ceilings and access to private patio and yard. Upper level offers 3 ample sized bedrooms and full bath. Lower level offers a rec room with wet bar. 2 Car detached garage. Ideally located close to restaurants, stores and expressways A few minor repairs and this home will be a perfect ten. Estate sale!! Sold As-Is.
Unit Size
1,376 Ft²
Days on Market
-
Land Size
-
Price per sqft
$273
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1962

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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: 2 years ago (MRED MLS #12169101)

Price History

Date / Event Date Event Price
Oct 31, 2024 Sold
Premium
Sold
Oct 1, 2024 In contract -
In contract
Sep 23, 2024 Listed by Century 21 Circle $375,000
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 2
  • 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: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 138
  • Lot Size Frontage Feet: 70
  • Total Building Area: 1,901
  • Gross Building Area: 1,901
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 2ND ADD TO PIONEER PARK SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: 2ND ADD TO PIONEER PARK SUB NO TWO UNIT TWO

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840303

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-C5
  • Parcel: 03-29-107-023
  • Lot: 5
  • Municipality: ADDISON
  • Latitude: 41.9322
  • Longitude: -88.0105

    Address

  • Full Address: 256 N Brashares Dr
  • Address - House Number: 256
  • Street Direction: N
  • Address - Street Name: Brashares
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Addison
  • Carrier Code: C009
  • 4-Digit Zip Code: 2103
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $682,874
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 360,480
  • High Value: 423,256
  • Low Value: 297,704

    Market Valuation

  • Market Total Value: $296,160
  • Market Land Value: $108,270
  • Market Improvement Value: $187,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $98,720
  • Assessed Land Value: $36,090
  • Assessed Improvements Value: $62,630

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 26, 2005
  • Current Sale Recording Date: Jun 06, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005-115914
  • Previous Sale Recording Date: Sep 08, 1998
  • Previous Sale Contract Date: Jul 30, 1998
  • Previous Sale Amount: $164,000
  • 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 Addison

Stats & Trends

Median Asking:

$401,134

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1961 ft²

Average Home Age

38.4 years

Currently For Sale

44 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: Douglas Dahlen, Century 21 Circle
Last Updated: 2 years ago
Data Source: MRED, MLS# 12169101
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 256 North Brashares Drive built and last sold?
The property at 256 North Brashares Drive was built in 1962 and last sold on May 26, 2005 for $320,000.
How much is this home worth?
The estimated value of the home located at 256 North Brashares Drive is $0.
What are some comparable homes to 256 North Brashares Drive?
There are currently no comparable homes to 256 North Brashares Drive.
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