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Lombard 60148
44 Orchard Terrace
$220,000
● House - Off Market

44 Orchard Terrace

Lombard, IL 60148
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,728 Ft²
$262,042
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Charming older home in the heart of downtown Lombard. So convenient, walk to restaurants and Metra, plus nearby Lilacia Park. Nicely located at the end of a cul de sac. Long time owner. Home has good bones but needs some work. Great potential here with four bedrooms on second flor including large master bedroom and hardwood floors. Large living room has built-ins and fireplace. Formal dining room, eat-in kitchen with some newer appliances, enclosed back porch, and large family room addition. Patio and one car garage.  Basement has drain tile. Home is part of an estate and is being conveyed in "as is" condition. There are possible hardwood floors under carpet in bedrooms, living room, and dining room.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$136
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1924

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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 #11214829)

Price History

Date / Event Date Event Price
Nov 3, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by L.W. Reedy Real Estate $235,000
Listed by L.W. Reedy Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 28
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,068
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 151
  • Lot Size Frontage Feet: 68
  • Total Building Area: 2,796
  • Gross Building Area: 2,796
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 1ST ADD TO GROVE PARK SUB
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: 1ST ADD TO GROVE PARK SUB

Neighborhood

  • School District Name: Lombard School District 44
  • School Tax School District: LOMBARD
  • Census Tract: 843500

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3026-B4
  • Parcel: 06-07-204-020
  • Lot: 7
  • Municipality: YORK
  • Latitude: 41.8878
  • Longitude: -88.0216

    Address

  • Full Address: 44 Orchard Ter
  • Address - House Number: 44
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Lombard
  • Carrier Code: C059
  • 4-Digit Zip Code: 2217
  • Zip Code: 60148

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $537,274
  • Tax Rate Code Area: 6011

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 308,635
  • High Value: 363,492
  • Low Value: 253,779

    Market Valuation

  • Market Total Value: $219,990
  • Market Land Value: $77,790
  • Market Improvement Value: $142,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,330
  • Assessed Land Value: $25,930
  • Assessed Improvements Value: $47,400

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6740
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 Lombard

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$244

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1575 ft²

Average Home Age

52.3 years

Currently For Sale

95 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 354 Indian Drive, Glen Ellyn, IL, 60137

$3,999 /mo

  • 4 Beds
  • 2 Baths
  • 2,544 ft²
354 Indian Drive, Glen Ellyn, IL, 60137 Listing by Lana Erickson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Susan Hoerster, L.W. Reedy Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11214829
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 44 Orchard Terrace built and last sold?
The property at 44 Orchard Terrace was built in 1924 and last sold on Nov 3, 2021 for $220,000.
How much is this home worth?
The estimated value of the home located at 44 Orchard Terrace is $247,291.
What are some comparable homes to 44 Orchard Terrace?
There are currently no comparable homes to 44 Orchard Terrace.
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