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Wheeling 60090
274 FLETCHER Drive
$245,000
● House - Off Market

274 FLETCHER Drive

Wheeling, IL 60090
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,014 Ft²
$244,332
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

*MULTIPLE OFFERS* CALLING FOR HIGHEST & BEST BY 2:00 SATURDAY 20th.*    *ATTENTION REHABBERS & HANDYMEN! PRIME LOCATION IN POPULAR SUBDIVISION! FENCED YARD W/ 2 CAR GARAGE BACKS TO PARK W/ PLAYGROUND, WALKING PATH, & POND! ROOF 2019, AIR CONDITIONING 2021! BRING YOUR IDEAS & TOOLKIT & MAKE THIS HOME YOUR OWN! CLOSE TO WHEELING'S FAMOUS RESTAURANT ROW, TOWN CENTER, PARK DISTRICT, COMMUNITY CENTER, AQUATIC CENTER, METRA STATION, SCHOOLS, LIBRARY, EXPWYS, EVERYTHING! MUST SEE IN PRICE RANGE! *ESTATE- SOLD AS IS*
Unit Size
1,014 Ft²
Days on Market
-
Land Size
-
Price per sqft
$242
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1958

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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 #11785579)

Price History

Date / Event Date Event Price
Jul 6, 2023 Sold
Premium
Sold
May 17, 2023 Listed by RE/MAX Suburban $245,000
Listed by RE/MAX Suburban

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,014
  • Gross Building Area: 1,014
  • Building Area: 1,014
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,014
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUNHURST SUB #4
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802504

Geography

  • District: 38
  • Parcel: 03-10-103-017-0000
  • Block: 2
  • Lot: 17
  • Meridian: SEC 10 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1343
  • Longitude: -87.9414

    Address

  • Full Address: 274 Fletcher Dr
  • Address - House Number: 274
  • Address - Street Name: Fletcher
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wheeling
  • Carrier Code: C038
  • 4-Digit Zip Code: 4562
  • Zip Code: 60090

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $231,813
  • Tax Rate Code Area: 38055

    Appraisal Valuation

  • Standard Deviation: 0.2437
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 269,519
  • High Value: 335,218
  • Low Value: 203,819

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $42,240
  • Market Improvement Value: $157,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $4,224
  • Assessed Improvements Value: $15,776

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 55287

    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 Wheeling

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1351 ft²

Average Home Age

47 years

Currently For Sale

50 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 250 Mchenry Road, Buffalo Grove, IL, 60089

$3,013 /mo

  • 2 Beds
  • 2 Baths
  • 1,637 ft²
250 Mchenry Road #B1, Buffalo Grove, IL, 60089 Listing by Sherry Mustafov
Unit for rent at 362 Marion Court, Wheeling, IL, 60090

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,350 ft²
362 Marion Court, Wheeling, IL, 60090 Listing by Harry Owens

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nadine Pomilia, RE/MAX Suburban
Last Updated: 3 years ago
Data Source: MRED, MLS# 11785579
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 274 Fletcher Drive built and last sold?
The property at 274 Fletcher Drive was built in 1958 and last sold on Jun 23, 2023 for $245,000.
How much is this home worth?
The estimated value of the home located at 274 Fletcher Drive is $246,529.
What are some comparable homes to 274 Fletcher Drive?
There are currently no comparable homes to 274 Fletcher Drive.
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