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Bolingbrook 60440
540 Payton Lane
$360,000
● House - Off Market

540 Payton Lane

Bolingbrook, IL 60440
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,689 Ft²
$385,597
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFER RECEIVED. HIGHEST AND BEST DUE SATURDAY 11/13 at 1PM. Welcome home to this beautifully refreshed four bedroom, two and a half bathroom home in Bloomfield West. Walk in to vaulted ceilings beaming with light from two-story windows. New hardwood flooring throughout first floor, new carpeting on second level, new light fixtures and fresh neutral colors throughout the home. Recently remodeled kitchen featuring new tall white cabinetry, tending stone backsplash, granite counters, and stainless steel appliances. Four bedrooms and two baths on second level. Owners bedroom includes walk in closet and double-sinked bathroom. Finished basement with additional hosting area and additional room that can be used as office, bedroom, or playroom. Fully fenced backyard with deck, gazebo and hot tub.
Unit Size
1,689 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$207
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
1998

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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 #11264411)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Nov 5, 2021 Listed by Redfin Corporation $350,000
Listed by Redfin Corporation

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,542
  • Total Building Area: 1,689
  • Building Area: 1,689
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,689
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUNTINGTON ESTATES
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 391 IN HUNTINGTON ESTATES UNIT 2, A SUB PRT OF THE SE1/4 IN SEC. 16 T37N-R10E.

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880124

Geography

  • Parcel: 12-02-16-404-012
  • Lot: 391
  • Meridian: SEC 16 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.6861
  • Longitude: -88.089

    Address

  • Full Address: 540 Payton Ln
  • Legal Unit: 2
  • Address - House Number: 540
  • Address - Street Name: Payton
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: R016
  • 4-Digit Zip Code: 3520
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $805,370
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 336,752
  • High Value: 384,560
  • Low Value: 288,944

    Market Valuation

  • Market Total Value: $262,434
  • Market Land Value: $47,598
  • Market Improvement Value: $214,836

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,478
  • Assessed Land Value: $15,866
  • Assessed Improvements Value: $71,612

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 13, 2021
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18427
  • Previous Sale Recording Date: Sep 11, 2020
  • Previous Sale Contract Date: Jul 16, 2020
  • Previous Sale Amount: $268,000
  • 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 Bolingbrook

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2087 ft²

Average Home Age

35.6 years

Currently For Sale

112 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 213 Campbell Drive, Bolingbrook, IL, 60440

$3,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,130 ft²
213 Campbell Drive, Bolingbrook, IL, 60440 Listing by Shaik Ahmed

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elizabeth Behling, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 11264411
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 540 Payton Lane built and last sold?
The property at 540 Payton Lane was built in 1998 and last sold on Dec 13, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 540 Payton Lane is $0.
What are some comparable homes to 540 Payton Lane?
There are currently no comparable homes to 540 Payton Lane.
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