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Spring Grove 60081 Spring Grove Estates
3319 RIDGE ROAD
$315,000
● House - Off Market

3319 RIDGE ROAD

SPRING GROVE, IL 60081
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,500 Ft²
$632,798
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

Best buy in Spring Grove Estates! A little bit different, but, an extreme bargain at this price.  Lots of hardwood floors, two fireplaces, huge rooms! Full finished basement, covered rear deck.  Looking for maximum space for your buck, look no farther! Preapproval required with offers. Must include Wells Fargo prequalification, call list agent for details. NOTE:  See agent remarks - new info posted 1/4/2008.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$97
Property Type
House
Property Taxes
$805
HOA Dues
-
Year Built
2000

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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.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 980
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,040
  • Building Area: 3,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING GROVE ESTS PHASE IV
  • Land Acres: 0000001000
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2020R0035947 LT 56 SPRING GROVE ESTS PHASE IV MEMO: MCNEAL, CAREY/ PALMER-MCNEAL LTANYA J

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870105

Geography

  • Subdivision Phase Number: 4
  • Parcel: 04-26-453-010
  • Lot: 56
  • Municipality: RICHMOND TWP
  • Latitude: 42.4301
  • Longitude: -88.263

    Address

  • Full Address: 3319 Ridge Rd
  • Address - House Number: 3319
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R001
  • 4-Digit Zip Code: 8349
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $984,838
  • Tax Rate Code Area: 04010

    Appraisal Valuation

  • Standard Deviation: 0.0972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 91
  • Final Value: 436,861
  • High Value: 479,348
  • Low Value: 394,374

    Market Valuation

  • Market Total Value: $396,039
  • Market Land Value: $63,414
  • Market Improvement Value: $332,625

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,013
  • Assessed Land Value: $21,138
  • Assessed Improvements Value: $110,875

    Exemptions

  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 21, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020R0035947
  • Previous Sale Recording Date: Apr 22, 2008
  • Previous Sale Contract Date: Apr 04, 2008
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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 Spring Grove Estates

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$159

Above Asking

0.00%

Average Days on Market

51

Average Home Size

3728 ft²

Average Home Age

25 years

Currently For Sale

0 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 3516 Kings Lair Drive, Spring Grove, IL, 60081

$3,495 /mo

  • 4 Beds
  • 3 Baths
  • 2,800 ft²
3516 Kings Lair Drive, Spring Grove, IL, 60081 Listing by Robert May

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sue Miller, Coldwell Banker The Real Estate Group
Data Source: MRED, MLS# MRD06370876
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 3319 Ridge Road built and last sold?
The property at 3319 Ridge Road was built in 2000 and last sold on Aug 21, 2020 for $335,000.
How much is this home worth?
The estimated value of the home located at 3319 Ridge Road is $439,350.
What are some comparable homes to 3319 Ridge Road?
There are currently no comparable homes to 3319 Ridge Road.
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