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Buffalo Grove 60089
291 University Drive
$325,000
● House - Off Market

291 University Drive

BUFFALO GROVE, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,580 Ft²
$541,894
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Welcome home. This spacious four-bedroom colonial features beautiful hardwood floors throughout, a charming, landscaped fenced yard with a brick paver patio, and a large, dry basement. The large windows and skylight flood this home with light. The family room with a fireplace, the separate dining room, and the sunny living room offer plenty of space for entertaining or relaxing. In addition to plenty of storage, two master bedroom closets, and custom kitchen cabinets, this home comes with its own security system. Come see this beautiful home today. It won't last long.
Unit Size
2,580 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$131
Property Type
House
Property Taxes
$874
HOA Dues
-
Year Built
1969

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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.

Last updated: 3 years ago (MRED MLS #09615607)

Price History

Date / Event Date Event Price
Jul 7, 2017 Sold
Premium
Sold
May 4, 2017 Listed by Axelson Realty LLC $339,000
Listed by Axelson Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,746
  • Total Building Area: 2,580
  • Gross Building Area: 2,580
  • Building Area: 2,580
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,580
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE COUNTRYSIDE UNIT6
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (CAMBRIDGE) (COUNTRYSIDE) (UNIT6) SUB IN NH SEC 09-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802503

Geography

  • District: 38
  • Parcel: 03-09-217-010-0000
  • Lot: 282
  • Meridian: SEC 09 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1331
  • Longitude: -87.9546

    Address

  • Full Address: 291 University Dr
  • Legal Unit: 6
  • Address - House Number: 291
  • Address - Street Name: University
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C014
  • 4-Digit Zip Code: 4358
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,033,969
  • Tax Rate Code Area: 38077

    Appraisal Valuation

  • Standard Deviation: 0.218
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 472,180
  • High Value: 575,124
  • Low Value: 369,236

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $78,710
  • Market Improvement Value: $291,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $7,871
  • Assessed Improvements Value: $29,129

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1719216511
  • Previous Sale Recording Date: Dec 14, 1999
  • Previous Sale Contract Date: Jul 18, 1999
  • Previous Sale Amount: $282,500
  • 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 Buffalo Grove

Stats & Trends

Median Asking:

$448,500

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1982 ft²

Average Home Age

42.9 years

Currently For Sale

73 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 1412 Chippewa Trail, Wheeling, IL, 60090

$3,500 /mo

  • 4 Beds
  • 2 Baths
1412 Chippewa Trail, Wheeling, IL, 60090 Listing by Vasiliy Barbon

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Axelson Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09615607
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 291 University Drive built and last sold?
The property at 291 University Drive was built in 1969 and last sold on Jul 6, 2017 for $325,000.
How much is this home worth?
The estimated value of the home located at 291 University Drive is $357,702.
What are some comparable homes to 291 University Drive?
There are currently no comparable homes to 291 University Drive.
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