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Arlington Heights 60004
520 W Hackberry Drive
$440,000
● House - Off Market

520 W Hackberry Drive

Arlington Heights, IL 60004
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,232 Ft²
$433,247
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This move in ready, raised ranch has been delightfully peppered with so many updates over the last few years.  And all of the BIG TICKET items have been done for you: NEW KITCHEN, PANTRY, PRIMARY BATH, HARDIE SIDING and PAINT in LR/DR/Kitchen.  NEWER exterior doors, upper level blinds, washer and dryer and lower level carpet all replaced too.  Roof, A/C, sump and sewer clean out access all less than 8 years. Walk to Poe Elementary School, and quick drive to shopping, major expressways and of course, the charm of iconic downtown Arlington Heights.  Move in just in time for Al Fresco dining season.
Unit Size
2,232 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$193
Property Type
House
Property Taxes
$725
HOA Dues
-
Year Built
1973

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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 #11361600)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by @properties Christie's International Real Estate $429,900
Listed by @properties Christie's International Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,230
  • Total Building Area: 1,505
  • Gross Building Area: 1,505
  • Building Area: 1,505
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERKLEY SQUARE UNIT8
  • Land Acres: 0000000212
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (BERKLEY) (SQUARE) (UNIT8) SUB OF PT SE SEC 07-42-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803005

Geography

  • District: 38
  • Parcel: 03-07-417-002-0000
  • Block: 9
  • Lot: 2
  • Meridian: SEC 07 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1307
  • Longitude: -87.99

    Address

  • Full Address: 520 W Hackberry Dr
  • Legal Unit: 8
  • Address - House Number: 520
  • Street Direction: W
  • Address - Street Name: Hackberry
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C044
  • 4-Digit Zip Code: 1957
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $943,243
  • Tax Rate Code Area: 38016

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 455,159
  • High Value: 558,352
  • Low Value: 351,966

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $83,070
  • Market Improvement Value: $266,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $8,307
  • Assessed Improvements Value: $26,693

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7184
  • Previous Sale Recording Date: Oct 31, 2016
  • Previous Sale Contract Date: Oct 12, 2016
  • Previous Sale Amount: $359,000
  • 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 Arlington Heights

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$271

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1782 ft²

Average Home Age

48.2 years

Currently For Sale

98 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 250 Mchenry Road, IL, 60089

$4,088 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
250 Mchenry Road #C1, IL, 60089 Listing by Sherry Mustafov
Unit for rent at 207 N Wilke Road, Palatine, IL, 60074

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 2,500 ft²
207 N Wilke Road, Palatine, IL, 60074 Listing by Sunil Gupta

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Rhonda Starr, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11361600
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 520 West Hackberry Drive built and last sold?
The property at 520 West Hackberry Drive was built in 1973 and last sold on May 9, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 520 West Hackberry Drive is $0.
What are some comparable homes to 520 West Hackberry Drive?
There are currently no comparable homes to 520 West Hackberry Drive.
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