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Addison 60101
515 N Lancers Drive
$367,000
● House - Off Market

515 N Lancers Drive

Addison, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,275 Ft²
$357,977
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Great well maintained Caron built split level, Large eat in kitchen, newly upgraded kitchen with granite counters  SGD to patio, Paver driveway 2017. Vaulted ceiling in living room,  Large bay window in living room, Pella wood windows, Hardwood floors throughout, Large family room , plus a sub basement, New roof 2022, New furnace and Central air 2021, Leaf guard gutter protectors, Underground rain water retention, Spacious yard w/oversize garage, Beautifully landscaped. Must see.
Unit Size
1,275 Ft²
Days on Market
-
Land Size
-
Price per sqft
$274
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
1969

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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 #11440621)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Jun 19, 2022 Listed by Century 21 Affiliated $349,900
Listed by Century 21 Affiliated

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 70
  • Total Building Area: 1,863
  • Gross Building Area: 1,863
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGS POINT
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: KINGS POINT

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 840304

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-A4
  • Parcel: 03-19-301-037
  • Lot: 30
  • Municipality: ADDISON
  • Latitude: 41.9354
  • Longitude: -88.0281

    Address

  • Full Address: 515 N Lancers Dr
  • Address - House Number: 515
  • Street Direction: N
  • Address - Street Name: Lancers
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Addison
  • Carrier Code: C031
  • 4-Digit Zip Code: 1813
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $669,028
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 372,053
  • High Value: 435,644
  • Low Value: 308,461

    Market Valuation

  • Market Total Value: $305,520
  • Market Land Value: $126,180
  • Market Improvement Value: $179,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,840
  • Assessed Land Value: $42,060
  • Assessed Improvements Value: $59,780

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Aug 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 73572
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:

$401,134

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1937 ft²

Average Home Age

42.5 years

Currently For Sale

49 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 2106 W Concord Lane, Addison, IL, 60101

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,804 ft²
2106 W Concord Lane #2106, Addison, IL, 60101 Listing by Samuel Jensen
Unit for rent at 125 S Maple Street, Itasca, IL, 60143

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,790 ft²
125 S Maple Street, Itasca, IL, 60143 Listing by James Diestel

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Gregorio, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 11440621
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 515 North Lancers Drive built and last sold?
The property at 515 North Lancers Drive was built in 1969 and last sold on Jul 25, 2022 for $367,000.
How much is this home worth?
The estimated value of the home located at 515 North Lancers Drive is $0.
What are some comparable homes to 515 North Lancers Drive?
There are currently no comparable homes to 515 North Lancers Drive.
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