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Shorewood 60404
509 David Drive
$150,000
● House - Off Market

509 David Drive

SHOREWOOD, IL 60404
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,823 Ft²
$345,069
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

***Regular Sale**** Great tri-level offers 3 bedrooms and 2-full baths! Large fenced yard with above ground pool (24 feet), deck and patio!  Four seasons room (21x13) with skylights! Dining Room! Living Room! Eat in Kitchen! Family room! Office area in lower level! Concrete driveway! AC/2008, Roof/2005, Gutters 2010, HWH/2009! Home is in great condition!
Unit Size
1,823 Ft²
Days on Market
-
Land Size
-
Price per sqft
$88
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1985

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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 #08112751)

Price History

Date / Event Date Event Price
Oct 12, 2012 Sold
Premium
Sold
Jul 11, 2012 Listed by RE/MAX Ultimate Professionals $159,900
Listed by RE/MAX Ultimate Professionals

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,199
  • Garage Type: 1
  • Garage Square Area: 525
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,901
  • Total Building Area: 1,823
  • Building Area: 1,823
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,823
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHOREWOOD MEADOWS UNIT NO 2
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 62 UNIT 2 IN SHOREWOOD MEADOWS UNIT 2, IN THE E1/2 OF THE NE1/4 OF SEC 9, T35N-R9E,

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883216

Geography

  • Parcel: 05-06-09-217-018
  • Lot: 62
  • Meridian: SEC 09 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5303
  • Longitude: -88.2024

    Address

  • Full Address: 509 David Dr
  • Legal Unit: 2
  • Address - House Number: 509
  • Address - Street Name: David
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R006
  • 4-Digit Zip Code: 9710
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $648,988
  • Tax Rate Code Area: 0552

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 320,758
  • High Value: 366,295
  • Low Value: 275,220

    Market Valuation

  • Market Total Value: $240,984
  • Market Land Value: $43,551
  • Market Improvement Value: $197,433

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,328
  • Assessed Land Value: $14,517
  • Assessed Improvements Value: $65,811

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2012
  • Current Sale Recording Date: Oct 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2012115434
  • Previous Sale Recording Date: Jul 24, 1998
  • Previous Sale Contract Date: Jul 22, 1998
  • Previous Sale Amount: $134,000
  • 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 Shorewood

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2458 ft²

Average Home Age

16.8 years

Currently For Sale

45 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

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MRED

Listed by: Dawn Dause, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 08112751
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 509 David Drive built and last sold?
The property at 509 David Drive was built in 1985 and last sold on Oct 12, 2012 for $150,000.
How much is this home worth?
The estimated value of the home located at 509 David Drive is $0.
What are some comparable homes to 509 David Drive?
There are currently no comparable homes to 509 David Drive.
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