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Lombard 60148
263 New Street
$343,500
● House - Off Market

263 New Street

Lombard, IL 60148
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,075 Ft²
$334,732
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Great beginnings start here! Premium location across from Park and Elementary School! Long time owners have carefully maintained this warm & spacious split level home! Expanded to offer a large, main level Family Room! Spacious kitchen offers Newer flooring, Raised-panel Cabinets and all Appliances, lots of Counter Space, built-in desk, and storage pantry! Hardwood Flooring.. including under the Carpet in the Living Room! Finished Sub-Basement.. pool table and bar included! Beautiful Backyard offers a Large Paver Patio and mature landscaping. Newer Concrete Driveway. Windows, Heating System and Air Conditioning, 2020. Water Heater, 2016 (all ages approximate based on owner recollection). So.. come, take a look! Definitely a great value, great schools and great town! Make it yours!
Unit Size
2,075 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$159
Property Type
House
Property Taxes
$648
HOA Dues
-
Year Built
1960

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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 #11744524)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed by RE/MAX Destiny $329,000
Listed by RE/MAX Destiny

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 733
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 134
  • Lot Size Frontage Feet: 64
  • Total Building Area: 2,280
  • Gross Building Area: 2,280
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROATH WARD SUB
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ROATH WARD SUB

Neighborhood

  • School District Name: Lombard School District 44
  • School Tax School District: LOMBARD
  • Census Tract: 844201

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3026-C6
  • Parcel: 06-17-110-006
  • Lot: 58
  • Municipality: YORK
  • Latitude: 41.8719
  • Longitude: -88.0115

    Address

  • Full Address: 263 New St
  • Address - House Number: 263
  • Address - Street Name: New
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lombard
  • Carrier Code: C032
  • 4-Digit Zip Code: 3423
  • Zip Code: 60148

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $803,158
  • Tax Rate Code Area: 6011

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 388,770
  • High Value: 455,480
  • Low Value: 322,060

    Market Valuation

  • Market Total Value: $334,950
  • Market Land Value: $59,460
  • Market Improvement Value: $275,490

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,650
  • Assessed Land Value: $19,820
  • Assessed Improvements Value: $91,830

    Sales

  • Current Sale Contract Date: Apr 24, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 26154

    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 Lombard

Stats & Trends

Median Asking:

$369,945

Sale Price/ft²

$247

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1736 ft²

Average Home Age

49.6 years

Currently For Sale

103 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 27 W Park Boulevard, Villa Park, IL, 60181

$2,671 /mo

  • 1 Bed
  • 2 Baths
  • 1,008 ft²
27 W Park Boulevard #308, Villa Park, IL, 60181 Listing by Craig Ross
Unit for rent at 500 N Westwood Avenue, Lombard, IL, 60148

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,436 ft²
500 N Westwood Avenue, Lombard, IL, 60148 Listing by Lizbeth Gonzalez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Machlet, RE/MAX Destiny
Last Updated: 3 years ago
Data Source: MRED, MLS# 11744524
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 263 New Street built and last sold?
The property at 263 New Street was built in 1960 and last sold on Apr 24, 2023 for $343,500.
How much is this home worth?
The estimated value of the home located at 263 New Street is $342,385.
What are some comparable homes to 263 New Street?
There are currently no comparable homes to 263 New Street.
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