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Spring Grove 60081 Thornhill Estates
3504 Cardinal Lane
$395,000
● House - Off Market

3504 Cardinal Lane

Spring Grove, IL 60081
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
4,143 Ft²
$516,042
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
Unit Size
4,143 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$100
Property Type
House
Property Taxes
-
HOA Dues
$12
Year Built
2003

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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 #10973112)

Price History

Date / Event Date Event Price
Mar 31, 2021 Sold
Premium
Sold
Jan 16, 2021 Listed by Realty Executives Cornerstone $415,000
Listed by Realty Executives Cornerstone

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,417
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Total Building Area: 4,143
  • Building Area: 2,726
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,726
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE PRESERVE SUB
  • Land Acres: 0000001020
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2021R0019398 LT 40 THE PRESERVE SUB UNIT 2

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-11-201-008
  • Lot: 40
  • Municipality: RICHMOND TWP
  • Latitude: 42.4855
  • Longitude: -88.2652

    Address

  • Full Address: 3504 Cardinal Ln
  • Legal Unit: 2
  • Address - House Number: 3504
  • Address - Street Name: Cardinal
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R006
  • 4-Digit Zip Code: 9622
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,061,768
  • Tax Rate Code Area: 04010

    Appraisal Valuation

  • Standard Deviation: 0.156
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 491,947
  • High Value: 568,718
  • Low Value: 415,176

    Market Valuation

  • Market Total Value: $385,758
  • Market Land Value: $83,199
  • Market Improvement Value: $302,559

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $128,586
  • Assessed Land Value: $27,733
  • Assessed Improvements Value: $100,853

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Apr 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R0019398
  • Previous Sale Recording Date: Apr 19, 2018
  • Previous Sale Contract Date: Apr 13, 2018
  • Previous Sale Amount: $360,000
  • 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 Thornhill Estates

Stats & Trends

Median Asking:

$624,000

Sale Price/ft²

$227

Above Asking

0.00%

Average Days on Market

52

Average Home Size

4666 ft²

Average Home Age

24 years

Currently For Sale

2 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kevin Kalbach, Realty Executives Cornerstone
Last Updated: 3 years ago
Data Source: MRED, MLS# 10973112
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 3504 Cardinal Lane built and last sold?
The property at 3504 Cardinal Lane was built in 2003 and last sold on Mar 5, 2021 for $395,000.
How much is this home worth?
The estimated value of the home located at 3504 Cardinal Lane is $430,688.
What are some comparable homes to 3504 Cardinal Lane?
There are currently no comparable homes to 3504 Cardinal Lane.
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