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Oak Brook 60523
3500 Spring Road
$2,571,000
● House - Off Market

3500 Spring Road

Oak Brook, IL 60523
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
4,885 Ft²
$17,479
Est. Monthly
0.10%
Cap Rate

About This Property

4 ACRES WITH THE OPPORTUNITY TO DIVIDE WITH HOUSE INTO 1.5 ACRES FOR $1875,000.  THE ADJOINING LOT IS OVER 2 ACRES AND ADJOINS THE FULLERSBURG WOODS FOREST PRESERVE - BUTLER JUNIOR HIGH AND HINSDALE CENTRAL- A VERY SPECIAL OPPORTUNITY !!!!!
Unit Size
4,885 Ft²
Days on Market
-
Land Size
4.00 acres
Price per sqft
$614
Property Type
House
Property Taxes
$2,752
HOA Dues
-
Year Built
1966

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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

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,550
  • Garage Type: 1
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,270
  • Total Building Area: 5,820
  • Gross Building Area: 5,820
  • Building Area: 3,270
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,270
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER BLUFF ADD TO HINSDALE
  • Land Acres: 0000000075
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: RIVER BLUFF ADD TO HINSDALE ALL BLKS 1 & 2, VAC THURLOW ST, E 1/2 VAC SUMMIT AVE & N 1/2 35TH ST ALL VAC ALLEYS ADJ

Neighborhood

  • School District Name: Butler School District 53
  • School Tax School District: OAK BROOK
  • Census Tract: 844601

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3086-A5
  • Parcel: 06-35-204-002
  • Block: 1,2
  • Municipality: YORK
  • Latitude: 41.8259
  • Longitude: -87.9385

    Address

  • Full Address: 3500 Spring Rd
  • Address - House Number: 3500
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Oak Brook
  • Carrier Code: C066
  • 4-Digit Zip Code: 2811
  • Zip Code: 60523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,031,082
  • Tax Rate Code Area: 6143

    Appraisal Valuation

  • Standard Deviation: 0.1618
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 2,052,649
  • High Value: 2,384,836
  • Low Value: 1,720,463

    Market Valuation

  • Market Total Value: $2,429,010
  • Market Land Value: $1,911,510
  • Market Improvement Value: $517,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $809,670
  • Assessed Land Value: $637,170
  • Assessed Improvements Value: $172,500

    Sales

  • Current Sale Contract Date: Sep 02, 2003
  • Current Sale Recording Date: Sep 09, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2003-353384
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 Oak Brook

Stats & Trends

Median Asking:

$1,186,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

53

Average Home Size

6409 ft²

Average Home Age

40.5 years

Currently For Sale

15 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 531 N York Road, Hinsdale, IL, 60521

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,411 ft²
531 N York Road, Hinsdale, IL, 60521 Listing by Marie DiCosola

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ginny Stewart, Jameson Sotheby's International Realty
Data Source: MRED, MLS# MRD12470782
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 3500 Spring Road built and last sold?
The property at 3500 Spring Road was built in 1966 and last sold on Sep 2, 2003 for $2,350,000.
How much is this home worth?
The estimated value of the home located at 3500 Spring Road is $0.
What are some comparable homes to 3500 Spring Road?
There are currently no comparable homes to 3500 Spring Road.
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