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Shorewood 60404
318 ARROWHEAD Drive
$162,900
● House - Off Market

318 ARROWHEAD Drive

Shorewood, IL 60404
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$241,193
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Charming 3 bedroom, 1 bath ranch home on an oversized lot in a wonderful neighborhood with numerous mature trees!  Home features an updated kitchen and bathroom, along with bright & spacious room and bedroom sizes, large yard, 2.5 car detached garage and more.  Recent improvements include 1 year old water heater and furnace!  Ideal, centralized location - minutes to shopping, schools, library, Forest Preserve, Interstate 55, Interstate 80 and more!  Call today for a home tour!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$165
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1962

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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 #10540871)

Price History

Date / Event Date Event Price
Dec 24, 2019 Sold
Premium
Sold
Oct 7, 2019 Listed by @properties $164,900
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 864
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,082
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 710
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOK FOREST ANNEX
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 IN BROOK FOREST ANNEX, BEING A SUB OF PRT OF LOTS 1, 3, 4, 6, 7 OF THE SUB OF THE SE1/4 OF SEC 9,T35N-R9E

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883216

Geography

  • Parcel: 05-06-09-403-011
  • Lot: 4
  • Meridian: SEC 09 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5259
  • Longitude: -88.2076

    Address

  • Full Address: 318 Arrowhead Dr
  • Address - House Number: 318
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R006
  • 4-Digit Zip Code: 9663
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $450,620
  • Tax Rate Code Area: 0552

    Appraisal Valuation

  • Standard Deviation: 0.1671
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 205,889
  • High Value: 240,295
  • Low Value: 171,483

    Market Valuation

  • Market Total Value: $172,827
  • Market Land Value: $35,739
  • Market Improvement Value: $137,088

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,609
  • Assessed Land Value: $11,913
  • Assessed Improvements Value: $45,696

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 24, 2019
  • Current Sale Recording Date: Dec 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2019094084
  • Previous Sale Recording Date: Jul 19, 2013
  • Previous Sale Contract Date: Jun 08, 2013
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Shorewood

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2403 ft²

Average Home Age

16.8 years

Currently For Sale

47 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

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MRED

Listed by: Jerrick Longest, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 10540871
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 318 Arrowhead Drive built and last sold?
The property at 318 Arrowhead Drive was built in 1962 and last sold on Dec 24, 2019 for $162,900.
How much is this home worth?
The estimated value of the home located at 318 Arrowhead Drive is $0.
What are some comparable homes to 318 Arrowhead Drive?
There are currently no comparable homes to 318 Arrowhead Drive.
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