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Addison 60101
406 W Circle Drive
$376,000
● House - Off Market

406 W Circle Drive

Addison, IL 60101
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,866 Ft²
$2,425
Est. Monthly
8.69%
Cap Rate

About This Property

Welcome to this beautiful home boasting 4 bedrooms, 2 full baths, an updated kitchen, and a bathroom. The moment you walk in, you will be impressed with an open floor plan that has a large living room that flows right into a beautifully updated kitchen and large eating area. There is a sliding glass door that leads out to a modern stamped concrete patio and a large private yard great for entertaining. The first and second floors are all hardwood floors. The lower level offers even more space, and you have a family room and a full bathroom. Steps from the front door is Lake Manor Park, with walking trails, a playground, and more. Close to expressways, dinning and more.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
-
Price per sqft
$201
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #12116384)

Price History

Date / Event Date Event Price
Sep 13, 2024 Sold
Premium
Sold
Aug 10, 2024 In contract -
In contract
Aug 7, 2024 Relisted $374,900
Relisted
Jul 28, 2024 In contract -
In contract
Jul 22, 2024 Listed by United Real Estate - Chicago $374,900
Listed by United Real Estate - Chicago

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 294
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 123
  • Lot Size Frontage Feet: 56
  • Total Building Area: 1,866
  • Gross Building Area: 1,866
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADDISON LAKE MANOR
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ADDISON LAKE MANOR UNIT NO 2

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846604

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-D6
  • Parcel: 03-29-418-026
  • Lot: 162
  • Municipality: ADDISON
  • Latitude: 41.9228
  • Longitude: -87.9998

    Address

  • Full Address: 406 W Circle Dr
  • Legal Unit: 2
  • Address - House Number: 406
  • Street Direction: W
  • Address - Street Name: Circle
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Addison
  • Carrier Code: C028
  • 4-Digit Zip Code: 3710
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $668,954
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 361,678
  • High Value: 418,529
  • Low Value: 304,827

    Market Valuation

  • Market Total Value: $290,490
  • Market Land Value: $109,830
  • Market Improvement Value: $180,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,830
  • Assessed Land Value: $36,610
  • Assessed Improvements Value: $60,220

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021-115853
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 Addison

Stats & Trends

Median Asking:

$399,950

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1979 ft²

Average Home Age

37.8 years

Currently For Sale

46 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 17 N Iowa Avenue, Addison, IL, 60101

$3,250 /mo

  • 2 Beds
  • 3 Baths
  • 1,300 ft²
17 N Iowa Avenue, Addison, IL, 60101 Listing by Richie Corral

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Chris Rosenburg, United Real Estate - Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 12116384
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 406 West Circle Drive built and last sold?
The property at 406 West Circle Drive was built in 1965 and last sold on Jun 24, 2021 for $115,000.
How much is this home worth?
The estimated value of the home located at 406 West Circle Drive is $382,713.
What are some comparable homes to 406 West Circle Drive?
There are currently no comparable homes to 406 West Circle Drive.
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