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Spring Grove 60081 Oak Valley Estates
2606 OAK VALLEY Drive
$228,000
● House - Off Market

2606 OAK VALLEY Drive

SPRING GROVE, IL 60081
bedrooms
3 Beds
bathrooms
2 Baths
$464,008
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

Big sprawling ranch with vaulted ceilings, 3 bedrooms, 2 baths on main floor, finished lower level. Needs work, sold as is. Prequal or proof of funds required to present offers, prefer Wells Fargo prequal.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1990

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 28,314
  • Total Building Area: 2,042
  • Building Area: 1,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK VALLEY HILLS
  • Land Acres: 0000000650
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2013R0008868 LT 34 OAK VALLEY HILLS UNIT 1

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-24-176-013
  • Block: 176
  • Lot: 34
  • Municipality: RICHMOND TWP
  • Latitude: 42.4525
  • Longitude: -88.2484

    Address

  • Full Address: 2606 Oak Valley Dr
  • Legal Unit: 1
  • Address - House Number: 2606
  • Address - Street Name: Oak Valley
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R006
  • 4-Digit Zip Code: 8709
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $761,174
  • Tax Rate Code Area: 04010

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 354,093
  • High Value: 414,064
  • Low Value: 294,121

    Market Valuation

  • Market Total Value: $281,643
  • Market Land Value: $46,161
  • Market Improvement Value: $235,482

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,881
  • Assessed Land Value: $15,387
  • Assessed Improvements Value: $78,494

    Sales

  • Current Sale Contract Date: Feb 14, 2013
  • Current Sale Recording Date: Feb 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013R0008868
  • Previous Sale Recording Date: Aug 04, 2008
  • Previous Sale Contract Date: May 09, 2008
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: 68
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 Oak Valley Estates

Stats & Trends

Median Asking:

$474,000

Sale Price/ft²

$198

Below Asking

0.04%

Average Days on Market

44

Average Home Size

3598 ft²

Average Home Age

35 years

Currently For Sale

1 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 3516 Kings Lair Drive, Spring Grove, IL, 60081

$3,495 /mo

  • 4 Beds
  • 3 Baths
  • 2,800 ft²
3516 Kings Lair Drive, Spring Grove, IL, 60081 Listing by Robert May

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sue Miller, Coldwell Banker The Real Estate Group
Data Source: MRED, MLS# MRD06746169
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 2606 Oak Valley Drive built and last sold?
The property at 2606 Oak Valley Drive was built in 1990 and last sold on Feb 14, 2013 for $193,500.
How much is this home worth?
The estimated value of the home located at 2606 Oak Valley Drive is $249,975.
What are some comparable homes to 2606 Oak Valley Drive?
There are currently no comparable homes to 2606 Oak Valley Drive.
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