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Oak Brook 60523
48 Cambridge Drive
$830,000
● House - Off Market

48 Cambridge Drive

Oak Brook, IL 60523
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
6,570 Ft²
$981,947
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Bring your rehab ideas to the wonderful and LARGE family home in Brook Forest! Original owners moving on. Fantastic opportunity to renovate this well-built house to your exact wants and needs. House boasts 4 large bedrooms including a fantastic 25 x 16 primary suite with 11' ceilings and large private bath, large kitchen with island, first floor laundry and office, 2-story foyer with spectacular winding staircase plus large backyard on almost 1/2 acre of land. If the curb appeal with dramatic circular driveway doesn't get you, the space and layout of the interior will seal the deal! Such a great value for so much space. Home being conveyed as-is.
Unit Size
6,570 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$132
Property Type
House
Property Taxes
$1,122
HOA Dues
-
Year Built
1974

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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 #11145572)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by @properties $865,000
Listed by @properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,110
  • Garage Type: 1
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 7,680
  • Gross Building Area: 7,680
  • Building Area: 6,570
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 6,570
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOK FOREST
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: BROOK FOREST UNIT 3

Neighborhood

  • School District Name: Butler School District 53
  • School Tax School District: OAK BROOK
  • Census Tract: 844502

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3085-C4
  • Parcel: 06-27-404-023
  • Lot: 59
  • Municipality: YORK
  • Latitude: 41.8343
  • Longitude: -87.9627

    Address

  • Full Address: 48 Cambridge Dr
  • Legal Unit: 3
  • Address - House Number: 48
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Brook
  • Carrier Code: C029
  • 4-Digit Zip Code: 1732
  • Zip Code: 60523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,007,852
  • Tax Rate Code Area: 6143

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 975,530
  • High Value: 1,127,036
  • Low Value: 824,025

    Market Valuation

  • Market Total Value: $825,660
  • Market Land Value: $359,280
  • Market Improvement Value: $466,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $275,220
  • Assessed Land Value: $119,760
  • Assessed Improvements Value: $155,460

    Sales

  • Current Sale Contract Date: Sep 26, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021-148305
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:

$1,175,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

51

Average Home Size

6011 ft²

Average Home Age

41.5 years

Currently For Sale

20 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 288 Middaugh Road, Clarendon Hills, IL, 60514

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,693 ft²
288 Middaugh Road, Clarendon Hills, IL, 60514 Listing by Zahara Bazigos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: John Bourjaily, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11145572
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 48 Cambridge Drive built and last sold?
The property at 48 Cambridge Drive was built in 1974 and last sold on Sep 26, 2021 for $830,000.
How much is this home worth?
The estimated value of the home located at 48 Cambridge Drive is $959,536.
What are some comparable homes to 48 Cambridge Drive?
There are currently no comparable homes to 48 Cambridge Drive.
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