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North Aurora 60542
Undisclosed Address
$420,000
● House - Off Market

Undisclosed Address

NORTH AURORA, IL 60542
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,957 Ft²
$873,306
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

New Construction "MODEL HOME"  1 Year Warr- ORIGINAL LIST $518,730/SAVINGS $48,830 Remarkable Kitch with Custom Maple Cabinetry with Granite Counter,oversized Island, Butler's Pantry and Stainless Steel App, Maple Hardwood Flooring. Large Family Room w/ Stone Fireplace. Dual Staircase overlooks Dramatic 2 Story Foyer. Master Suite w/Lux Bath. Walk-out Basement. CUSTOM-PAINT, TRIM, WINDOW TREATMENTS."Pond Location"
Unit Size
2,957 Ft²
Days on Market
-
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
-
HOA Dues
$30
Year Built
2007

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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.

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,785
  • Garage Type: 7
  • Garage Square Area: 415
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,401
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 3,054
  • Gross Building Area: 3,054
  • Building Area: 3,054
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,054
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REMINGTON LANDING
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: REMINGTON LANDING UNIT 1 LOT 3

Neighborhood

  • School District Name: Aurora West Unit School District 129
  • Census Tract: 854506

Geography

  • Parcel: 11-36-351-009
  • Lot: 3
  • Municipality: BLACKBERRY
  • Latitude: 41.8126
  • Longitude: -88.3941

    Address

  • Full Address: 516 Western Dr
  • Legal Unit: 1
  • Address - House Number: 516
  • Address - Street Name: Western
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: North Aurora
  • Carrier Code: R005
  • 4-Digit Zip Code: 4100
  • Zip Code: 60542

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $915,534
  • Tax Rate Code Area: BB007

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 82
  • Final Value: 486,883
  • High Value: 558,587
  • Low Value: 415,178

    Market Valuation

  • Market Total Value: $343,604
  • Market Land Value: $36,942
  • Market Improvement Value: $306,663

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $114,489
  • Assessed Land Value: $12,309
  • Assessed Improvements Value: $102,180

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 16, 2010
  • Current Sale Recording Date: Apr 16, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010K024740
  • Previous Sale Recording Date: May 07, 2008
  • Previous Sale Contract Date: Apr 30, 2008
  • Previous Sale Amount: $420,000
  • 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 North Aurora

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$215

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2241 ft²

Average Home Age

19.3 years

Currently For Sale

37 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: Laura Gulino, Coldwell Banker Residential
Data Source: MRED, MLS# MRD06742177
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 516 Western Drive built and last sold?
The property at 516 Western Drive was built in 2007 and last sold on Mar 16, 2010 for $320,000.
How much is this home worth?
The estimated value of the home located at 516 Western Drive is $482,580.
What are some comparable homes to 516 Western Drive?
There are currently no comparable homes to 516 Western Drive.
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