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Addison 60101
518 N CASTLE Road
$315,000
● House - Off Market

518 N CASTLE Road

Addison, IL 60101
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,780 Ft²
$400,692
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

PRICED TO SELL 3 bedroom,  1 Office or flex room,  2 1/2 bath split level home is located in a Cul-De-Sac with an oversized lot! Most big tickets items have ben already done for you with a Newer roof, Furnace and AC within the past 5 years. Open concept kitchen with newer cabinets Stainless Steel appliances and granite countertops that leads to the oversized fenced in yard with playset and gazebo. Living room, Dining Room and separate family room that was recently updated new floors and fireplace. Walkout basement with separate laundry room with high-end W/D. Concrete Crawl space for additional storage. Don't miss out Stone Schools and near everything.
Unit Size
1,780 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$177
Property Type
House
Property Taxes
$645
HOA Dues
-
Year Built
1968

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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 #10942146)

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold
Premium
Sold
Nov 27, 2020 Listed by Century 21 Affiliated $315,000
Listed by Century 21 Affiliated

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 118
  • Lot Size Frontage Feet: 41
  • Total Building Area: 2,800
  • Gross Building Area: 2,800
  • Building Area: 2,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 3
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGS POINT
  • Land Acres: 0000000290
  • 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: 03-19-302-016
  • Lot: 61
  • Municipality: ADDISON
  • Latitude: 41.9353
  • Longitude: -88.0312

    Address

  • Full Address: 518 N Castle Rd
  • Address - House Number: 518
  • Street Direction: N
  • Address - Street Name: Castle
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Addison
  • Carrier Code: C031
  • 4-Digit Zip Code: 1807
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $729,126
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 383,202
  • High Value: 448,699
  • Low Value: 317,705

    Market Valuation

  • Market Total Value: $315,000
  • Market Land Value: $139,170
  • Market Improvement Value: $175,830

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,000
  • Assessed Land Value: $46,390
  • Assessed Improvements Value: $58,610

    Sales

  • Current Sale Contract Date: Jan 30, 2021
  • Current Sale Recording Date: Mar 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021-032678
  • Previous Sale Recording Date: Sep 24, 2010
  • Previous Sale Contract Date: Aug 17, 2010
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 20

    Financing

  • First Mortgage Financing Type: FIX
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

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1974 ft²

Average Home Age

38.8 years

Currently For Sale

43 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: Chrys Sotiriou, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MRED, MLS# 10942146
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 518 North Castle Road built and last sold?
The property at 518 North Castle Road was built in 1968 and last sold on Jan 30, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 518 North Castle Road is $0.
What are some comparable homes to 518 North Castle Road?
There are currently no comparable homes to 518 North Castle Road.
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