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Schaumburg 60193
507 Wingate Drive
$475,000
● House - Off Market

507 Wingate Drive

Schaumburg, IL 60193
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$3,102
Est. Monthly
6.88%
Cap Rate
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$242
Property Type
House
Property Taxes
$723
HOA Dues
-
Year Built
1976

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANCER SUB UNIT16
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (LANCER) SUB (UNIT16) IN NW SEC 26-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804611

Geography

  • District: 35
  • Parcel: 07-26-116-012-0000
  • Lot: 1618
  • Meridian: SEC 26 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0185
  • Longitude: -88.0609

    Address

  • Full Address: 507 Wingate Dr
  • Legal Unit: 16
  • Address - House Number: 507
  • Address - Street Name: Wingate
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C004
  • 4-Digit Zip Code: 3064
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $840,919
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 456,438
  • High Value: 502,588
  • Low Value: 410,289

    Market Valuation

  • Market Total Value: $309,590
  • Market Land Value: $74,380
  • Market Improvement Value: $235,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,959
  • Assessed Land Value: $7,438
  • Assessed Improvements Value: $23,521

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6360
  • Previous Sale Recording Date: Jun 12, 1996
  • Previous Sale Contract Date: Jun 07, 1996
  • Previous Sale Amount: $170,000
  • 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 Schaumburg

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1664 ft²

Average Home Age

40.9 years

Currently For Sale

117 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 706 N Point Drive, Schaumburg, IL, 60193

$3,400 /mo

  • 4 Beds
  • 2 Baths
  • 2,351 ft²
706 N Point Drive, Schaumburg, IL, 60193 Listing by Sarah Leonard
Unit for rent at 313 Lucille Lane, Schaumburg, IL, 60193

$3,295 /mo

  • 3 Beds
  • 3 Baths
  • 2,004 ft²
313 Lucille Lane #313, Schaumburg, IL, 60193 Listing by Tasneem Bahrainwala

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Raj Patel, REMAX Legends
Data Source: MRED, MLS# MRD12402825
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 507 Wingate Drive built and last sold?
The property at 507 Wingate Drive was built in 1976 and last sold on Jun 15, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 507 Wingate Drive is $0.
What are some comparable homes to 507 Wingate Drive?
There are currently no comparable homes to 507 Wingate Drive.
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