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North Aurora 60542
348 Timber Oaks Drive
$350,000
● House - Off Market

348 Timber Oaks Drive

North Aurora, IL 60542
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$2,086
Est. Monthly
8.17%
Cap Rate

About This Property

Welcome home to this beautifully updated ranch in North Aurora. This home features a spacious updated kitchen and appliances and an open concept perfect for entertaining. With a fenced in yard you are bound to have a great outdoor experience. Close to shopping and the highway, you won't want to miss this home!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$292
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1993

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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 #11999646)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Premium
Sold
Mar 14, 2024 Listed by Worth Clark Realty $350,000
Listed by Worth Clark Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,670
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,376
  • Gross Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBER OAKS
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: UNIT 2 OF TIMBER OAKS - LOT 178

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 852808

Geography

  • Parcel: 12-33-328-036
  • Lot: 178
  • Municipality: BATAVIA
  • Latitude: 41.8142
  • Longitude: -88.3327

    Address

  • Full Address: 348 Timber Oaks Dr
  • Legal Unit: 2
  • Address - House Number: 348
  • Address - Street Name: Timber Oaks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: North Aurora
  • Carrier Code: C005
  • 4-Digit Zip Code: 3015
  • Zip Code: 60542

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $440,134
  • Tax Rate Code Area: BA062

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 298,618
  • High Value: 345,417
  • Low Value: 251,819

    Market Valuation

  • Market Total Value: $211,423
  • Market Land Value: $45,480
  • Market Improvement Value: $165,942

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,446
  • Assessed Land Value: $15,154
  • Assessed Improvements Value: $55,292

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 25, 2018
  • Current Sale Recording Date: Jul 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018K033115
  • Previous Sale Recording Date: Feb 06, 2012
  • Previous Sale Contract Date: Jan 03, 2012
  • Previous Sale Amount: $147,500
  • 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 North Aurora

Stats & Trends

Median Asking:

$429,995

Sale Price/ft²

$214

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2282 ft²

Average Home Age

21.4 years

Currently For Sale

35 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 355 Hilltop Drive, North Aurora, IL, 60542

$2,850 /mo

  • 4 Beds
  • 2 Baths
  • 1,814 ft²
355 Hilltop Drive, North Aurora, IL, 60542 Listing by Tyler Dameron

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Nathan Dent, Worth Clark Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11999646
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 348 Timber Oaks Drive built and last sold?
The property at 348 Timber Oaks Drive was built in 1993 and last sold on Jun 25, 2018 for $200,000.
How much is this home worth?
The estimated value of the home located at 348 Timber Oaks Drive is $0.
What are some comparable homes to 348 Timber Oaks Drive?
There are currently no comparable homes to 348 Timber Oaks Drive.
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