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Wheaton 60189
500 ARBOR Avenue
$450,000
● House - Off Market

500 ARBOR Avenue

Wheaton, IL 60189
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,137 Ft²
$463,395
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

EXCELLENT OPPORTUNITY FOR A LARGE LOT OFFERING OVER 1/2 AN ACRE IN HIGHLY DESIRABLE GOLF LN. NEIGHBORHOOD. WALKABLE TO WHITTIER ELEMENTARY AND EDISON MIDDLE SCHOOLS AND JUST A SHORT WALK TO DOWNTOWN WHEATON'S VIBRANT DINING OPTIONS, SHOPPING, AND CONVENIENT METRA ACCESS. THE HISTORIC HOME ON THE PROPERTY IS FULL OF POTENTIAL BUT IS IN NEED OF TLC. SELLER HAS PLANS FOR AN EXCELLENT RECONFIGURATION/RENOVATION.  THERE IS ALSO A POSSIBILITY OF SUBDIVIDING THE LOT AND BUILDING TWO HOMES - BUYER TO VERIFY WITH CITY.
Unit Size
3,137 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$143
Property Type
House
Property Taxes
$879
HOA Dues
-
Year Built
1894

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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 #11270334)

Price History

Date / Event Date Event Price
Mar 17, 2022 Sold
Premium
Sold
Nov 9, 2021 Listed by Berkshire Hathaway HomeServices Chicago $450,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1894
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 250
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,045
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 23,958
  • Lot Size Depth Feet: 227
  • Lot Size Frontage Feet: 103
  • Total Building Area: 4,577
  • Gross Building Area: 4,577
  • Building Area: 3,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,072
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CO CLKS ASSMT
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: CO CLKS ASSMT DIV PT E 1/2 SEC 20-39-10 /EX S 95 FT/ & /EX N 103.65 FT OF W 105 FT/

Neighborhood

  • School District Name: Community Unit School District 200
  • School Tax School District: DISTRICT 200
  • Census Tract: 842605

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3082-C1
  • Parcel: 05-20-217-004
  • Lot: 29
  • Municipality: MILTON
  • Latitude: 41.8559
  • Longitude: -88.1133

    Address

  • Full Address: 500 Arbor Ave
  • Address - House Number: 500
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Wheaton
  • Carrier Code: C007
  • 4-Digit Zip Code: 6311
  • Zip Code: 60189

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,061,664
  • Tax Rate Code Area: 5012

    Appraisal Valuation

  • Standard Deviation: 0.2004
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 622,632
  • High Value: 747,453
  • Low Value: 497,812

    Market Valuation

  • Market Total Value: $477,900
  • Market Land Value: $181,050
  • Market Improvement Value: $296,850

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $159,300
  • Assessed Land Value: $60,350
  • Assessed Improvements Value: $98,950

    Sales

  • Current Sale Contract Date: Mar 12, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31454
  • Previous Sale Recording Date: Apr 04, 2019
  • Previous Sale Contract Date: Mar 19, 2019
  • Previous Sale Amount: $450,000
  • 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 Wheaton

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1861 ft²

Average Home Age

51.7 years

Currently For Sale

79 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 319 Shirley Court, Wheaton, IL, 60187

$3,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,262 ft²
319 Shirley Court, Wheaton, IL, 60187 Listing by Brooke Oswald

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Ziltz, Berkshire Hathaway HomeServices Chicago
Last Updated: 3 years ago
Data Source: MRED, MLS# 11270334
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 500 Arbor Avenue built and last sold?
The property at 500 Arbor Avenue was built in 1894 and last sold on Mar 12, 2022 for $450,000.
How much is this home worth?
The estimated value of the home located at 500 Arbor Avenue is $0.
What are some comparable homes to 500 Arbor Avenue?
There are currently no comparable homes to 500 Arbor Avenue.
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