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Bolingbrook 60440
538 Forest Way
$339,790
● House - Off Market

538 Forest Way

Bolingbrook, IL 60440
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$328,052
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Amazing Bolingbrook split-level floor plan featuring 4 bedrooms and 2.5 bath! This move-in ready home features not just a large living room, but a spacious family room with wood burning fireplace! With everything from, vaulted ceilings, fresh paint, newer floors and updates throughout, you will not be disappointed! Galley kitchen with breakfast area welcomes you to the formal dining room. Home features many custom ceramic inlays throughout. Master bedroom has private bath. Fenced in backyard perfect for those Fall get-togethers! Located near shopping, I55 and 355 exits!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$721
HOA Dues
-
Year Built
1974

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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 #11846089)

Price History

Date / Event Date Event Price
Aug 23, 2023 Sold
Premium
Sold
Jul 30, 2023 Listed by Coldwell Banker Realty $329,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 39
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 650
  • Garage Type: 7
  • Garage Square Area: 637
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,348
  • Total Building Area: 2,002
  • Building Area: 2,002
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,002
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IVANHOE UNIT 5
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 646 BLOCK 5 IN IVANHOE UNIT 5, BEING A SUB OF PRT OF W1/2 OF THE NW1/4 OF SEC. 12, T37N-R10E.

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880117

Geography

  • Parcel: 12-02-12-103-047
  • Block: 5
  • Lot: 646
  • Meridian: SEC 12 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.7084
  • Longitude: -88.0456

    Address

  • Full Address: 538 Forest Way
  • Legal Unit: 5
  • Address - House Number: 538
  • Address - Street Name: Forest
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: C026
  • 4-Digit Zip Code: 2512
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,636
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.0895
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 92
  • Final Value: 328,296
  • High Value: 357,705
  • Low Value: 298,887

    Market Valuation

  • Market Total Value: $280,725
  • Market Land Value: $50,772
  • Market Improvement Value: $229,953

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,575
  • Assessed Land Value: $16,924
  • Assessed Improvements Value: $76,651

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45065
  • Previous Sale Recording Date: Feb 24, 1987
  • Previous Sale Contract Date: Feb 24, 1987
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 27
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 Bolingbrook

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2112 ft²

Average Home Age

36.5 years

Currently For Sale

118 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: Lee LaMontagne, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11846089
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 538 Forest Way built and last sold?
The property at 538 Forest Way was built in 1974 and last sold on Aug 22, 2023 for $339,790.
How much is this home worth?
The estimated value of the home located at 538 Forest Way is $337,012.
What are some comparable homes to 538 Forest Way?
There are currently no comparable homes to 538 Forest Way.
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