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Glen Ellyn 60137
288 Spring Avenue
$890,000
● House - Off Market

288 Spring Avenue

Glen Ellyn, IL 60137
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,665 Ft²
$5,561
Est. Monthly
2.98%
Cap Rate

About This Property

Once in a generation home to enjoy all Glen Ellyn has to offer!  This gorgeous home boasts a wonderfully large kitchen/eating/family room area over looking a gorgeous backyard with sport court and firepit.  Primary suite is beautiful and bright with a large primary bath. The home was completely renovated inside and out in 2001.  Impeccable care and love has been given to this home, which is evident when you visit. It was completely painted inside and out in 2021 and 2022,  including walls, doors, trim, staircase, fireplace and built-ins. All new stainless steel appliances, another bonus!  This home is waiting for the next chapter - a new family to love and make memories here.  We can't wait for you to visit!
Unit Size
2,665 Ft²
Days on Market
-
Land Size
-
Price per sqft
$334
Property Type
House
Property Taxes
$1,190
HOA Dues
-
Year Built
1950

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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 #11936507)

Price History

Date / Event Date Event Price
Mar 21, 2024 Sold
Premium
Sold
Feb 1, 2024 Listed by Keller Williams Premiere Properties $890,000
Listed by Keller Williams Premiere Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 354
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 211
  • Lot Size Frontage Feet: 60
  • Total Building Area: 2,665
  • Gross Building Area: 2,665
  • Building Area: 2,665
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,665
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J R SMITHS ADD
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: J R SMITHS ADD N 60 FT OF S 115 FT E 1/2

Neighborhood

  • School District Name: Glen Ellyn School District 41
  • School Tax School District: GLEN ELLYN
  • Census Tract: 842100

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3025-D6
  • Parcel: 05-13-110-045
  • Lot: 9
  • Municipality: MILTON
  • Latitude: 41.8701
  • Longitude: -88.0484

    Address

  • Full Address: 288 Spring Ave
  • Address - House Number: 288
  • Address - Street Name: Spring
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Glen Ellyn
  • Carrier Code: C005
  • 4-Digit Zip Code: 4824
  • Zip Code: 60137

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,427,978
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 5036

    Appraisal Valuation

  • Standard Deviation: 0.0847
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 875,007
  • High Value: 949,190
  • Low Value: 800,825

    Market Valuation

  • Market Total Value: $590,160
  • Market Land Value: $119,130
  • Market Improvement Value: $471,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $196,720
  • Assessed Land Value: $39,710
  • Assessed Improvements Value: $157,010

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 14, 2024
  • Current Sale Recording Date: Apr 03, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17602
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 Glen Ellyn

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$311

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2345 ft²

Average Home Age

52.2 years

Currently For Sale

37 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 201 W Potomac Avenue, Lombard, IL, 60148

$3,600 /mo

  • 4 Beds
  • 3 Baths
  • 2,275 ft²
201 W Potomac Avenue, Lombard, IL, 60148 Listing by Lilijana Kandrotaite

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Margaret Giffin, Keller Williams Premiere Properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11936507
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 288 Spring Avenue built and last sold?
The property at 288 Spring Avenue was built in 1950 and last sold on Mar 14, 2024 for $890,000.
How much is this home worth?
The estimated value of the home located at 288 Spring Avenue is $0.
What are some comparable homes to 288 Spring Avenue?
There are currently no comparable homes to 288 Spring Avenue.
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