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Bolingbrook 60440
554 Redwood Road
$305,000
● House - Off Market

554 Redwood Road

Bolingbrook, IL 60440
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,488 Ft²
$308,847
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

4 Bedroom 2 1/2 Bath. All of the bathrooms have been completely remodeled. New HVAC and new flooring throughout the entire first floor. New privacy fence, large yard, and concrete patio. Two sheds in the backyard for additional storage and a completely remodeled kitchen with new stainless steel appliances. Additional mudroom in the garage.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1962

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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 #11882526)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Sep 14, 2023 Listed by Keller Williams Preferred Rlty $310,000
Listed by Keller Williams Preferred Rlty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,270
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOLINGBROOK UNIT #4
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 32 BLOCK 23 IN BOLINGBROOK SUB UNIT 4, BEING A SUB OF PRT OF THE SW1/4 OF SEC 12, T37N-R10E.

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880112

Geography

  • Parcel: 12-02-12-310-043
  • Block: 23
  • Lot: 32
  • Meridian: SEC 12 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.7002
  • Longitude: -88.0415

    Address

  • Full Address: 554 Redwood Rd
  • Legal Unit: 4
  • Address - House Number: 554
  • Address - Street Name: Redwood
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: R004
  • 4-Digit Zip Code: 2503
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,362
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.0874
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 92
  • Final Value: 307,616
  • High Value: 334,522
  • Low Value: 280,710

    Market Valuation

  • Market Total Value: $198,999
  • Market Land Value: $47,637
  • Market Improvement Value: $151,362

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,333
  • Assessed Land Value: $15,879
  • Assessed Improvements Value: $50,454

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 17, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 57833
  • Previous Sale Recording Date: Oct 06, 2000
  • Previous Sale Contract Date: Sep 29, 2000
  • Previous Sale Amount: $132,000
  • 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:

$389,000

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2130 ft²

Average Home Age

37.3 years

Currently For Sale

115 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 8885 Dryden Street, Woodridge, IL, 60517

$3,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,972 ft²
8885 Dryden Street, Woodridge, IL, 60517 Listing by Haroon Masood

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Harry Ventimiglia, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11882526
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 554 Redwood Road built and last sold?
The property at 554 Redwood Road was built in 1962 and last sold on Oct 17, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 554 Redwood Road is $0.
What are some comparable homes to 554 Redwood Road?
There are currently no comparable homes to 554 Redwood Road.
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