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Addison 60101
495 W Park Avenue
$332,000
● House - Off Market

495 W Park Avenue

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,118 Ft²
$362,287
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Updated 2 story home with plenty to offer! From the moment you walk in you will love the open layout and all of the natural light coming in. The upper level features an open kitchen with new granites countertops and stainless steel appliances along with a gorgeous new island! Upper level also features LED can lighting, refinished hardwood floors, and completely remodeled bathroom. The lower level has also been updated with new durable vinyl flooring and a completely remodeled full bathroom! Some other updates include a brand new driveway and brand new A/C. Simply too many updates to list them all. Come see today! Agent Owned Interest.
Unit Size
1,118 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$291
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1967

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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 #11247233)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Oct 15, 2021 Listed by MVG Real Estate Inc $324,900
Listed by MVG Real Estate Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 19
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 60
  • Total Building Area: 2,150
  • Gross Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,710
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: HIGHVIEW SUBDIVISION
  • Land Acres: 0000000170
  • Standard Land Use Code: 0532
  • County Land Use Code: L
  • Legal Description 1: HIGHVIEW SUBDIVISION UNIT NO 11

Neighborhood

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

Zoning

  • Zoning: R

Geography

  • Parcel: 03-29-418-006
  • Block: 18
  • Lot: 6
  • Municipality: ADDISON
  • Latitude: 41.9236
  • Longitude: -88.0009

    Address

  • Full Address: 495 W Park Ave
  • Legal Unit: 11
  • Address - House Number: 495
  • Street Direction: W
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Addison
  • Carrier Code: C010
  • 4-Digit Zip Code: 3703
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $680,812
  • Tax Rate Code Area: 3033

    Market Valuation

  • Market Total Value: $277,320
  • Market Land Value: $109,830
  • Market Improvement Value: $167,490

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,440
  • Assessed Land Value: $36,610
  • Assessed Improvements Value: $55,830

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17745
  • Previous Sale Recording Date: Sep 20, 2021
  • Previous Sale Contract Date: May 25, 2021
  • Previous Sale Amount: $203,000
  • Previous Sale Document Type: 71
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:

$400,501

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1863 ft²

Average Home Age

41.5 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 636 W Sunset Avenue, Villa Park, IL, 60181

$2,890 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
636 W Sunset Avenue, Villa Park, IL, 60181 Listing by Oskar Wiatr

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Saul Gutierrez, MVG Real Estate Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11247233
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 495 West Park Avenue built and last sold?
The property at 495 West Park Avenue was built in 1967 and last sold on Nov 10, 2021 for $332,000.
How much is this home worth?
The estimated value of the home located at 495 West Park Avenue is $0.
What are some comparable homes to 495 West Park Avenue?
There are currently no comparable homes to 495 West Park Avenue.
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