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Buffalo Grove 60089 Buffalo Grove
506 Crown Point Drive
$450,000
● House - Off Market

506 Crown Point Drive

Buffalo Grove, IL 60089
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,852 Ft²
$458,745
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

LOCATION! LOCATION! LOCATION! STEVENSON HIGH SCHOOL! RARE 4BEDROOM SPLIT WITH 2 1/2 BATHROOMS AND SUB BASEMENT! WOOD FLOOR THROUGHOUT IN THE MAIN FLOOR. KITCHEN HAS GRANITE COUNTER TOPS AND SS APPLIANCES. SPACY FAMILY, LIVING RM AND A FORMAL DINNING RM. BACKS TO 52 ACRE WILLOW STREAM PARK WITH A GREAT VIEW, POOL,WALKING PATH, DISC GOLF, SLED HILL, SOCCER, BASEBALL, WATER SLIDE...AND MUCH MORE!  NEWER HVAC, ROOF.
Unit Size
1,852 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
House
Property Taxes
$1,042
HOA Dues
-
Year Built
1984

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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 #11804491)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jun 9, 2023 Listed by Concentric Realty, Inc $460,000
Listed by Concentric Realty, Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 529
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 2,843
  • Gross Building Area: 2,843
  • Building Area: 2,249
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,249
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE COMMONS OF BUFFALO GROVE UNIT ONE
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: THE COMMONS OF BUFFALO GROVE UNIT ONE LOT 26

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864516

Geography

  • Assessors Map Reference: 2754-C1
  • District: VERNON
  • Parcel: 15-32-209-006
  • Lot: 26
  • Municipality: TWP OF VERNON
  • Latitude: 42.162
  • Longitude: -87.9679

    Address

  • Full Address: 506 Crown Point Dr
  • Legal Unit: 1
  • Address - House Number: 506
  • Address - Street Name: Crown Point
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C039
  • 4-Digit Zip Code: 1660
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,250,368
  • Tax Rate Code Area: 16094

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 491,194
  • High Value: 572,762
  • Low Value: 409,626

    Market Valuation

  • Market Total Value: $424,759
  • Market Land Value: $107,090
  • Market Improvement Value: $317,669

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,572
  • Assessed Land Value: $35,693
  • Assessed Improvements Value: $105,879

    Sales

  • Current Sale Contract Date: Jul 19, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7990743
  • Previous Sale Recording Date: Dec 30, 2013
  • Previous Sale Contract Date: Dec 20, 2013
  • Previous Sale Amount: $288,000
  • 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 Buffalo Grove

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$245

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2061 ft²

Average Home Age

48.5 years

Currently For Sale

4 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 250 Mchenry Road, IL, 60089

$4,088 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
250 Mchenry Road #C1, IL, 60089 Listing by Sherry Mustafov
Unit for rent at 750 Dunhill Drive, Buffalo Grove, IL, 60089

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,518 ft²
750 Dunhill Drive, Buffalo Grove, IL, 60089 Listing by Vijay Ghuge

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Wei Chen, Concentric Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11804491
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 506 Crown Point Drive built and last sold?
The property at 506 Crown Point Drive was built in 1984 and last sold on Jul 19, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 506 Crown Point Drive is $0.
What are some comparable homes to 506 Crown Point Drive?
There are currently no comparable homes to 506 Crown Point Drive.
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