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Schaumburg 60193
566 Lorelei Drive
$426,000
● House - Off Market

566 Lorelei Drive

Schaumburg, IL 60193
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,841 Ft²
$452,496
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

You really DON'T have to settle!  Updates, lot location, convenience & amenities are all found here!  This 4 bedroom, 3 bath home in Spring Cove is a RARE find that has been completely remodeled and features a finished sub basement AND 3 CAR GARAGE!  A truly move-in ready home with a fully remodeled kitchen, brand new appliances, newly remodeled baths, new carpeting, new vinyl flooring and fresh paint throughout!  Don't forget the finished sub basement that is perfect for a bonus room, recreation room or teen hangout.  All of this on a quiet, interior lot location that is close to shopping, transportation routes, schools and parks.  Don't wait to see this one!
Unit Size
1,841 Ft²
Days on Market
-
Land Size
-
Price per sqft
$244
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1977

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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 #11342445)

Price History

Date / Event Date Event Price
May 6, 2022 Sold
Premium
Sold
Mar 9, 2022 Listed by WEICHERT, REALTORS - Your Place Realty $449,000
Listed by WEICHERT, REALTORS - Your Place Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 9,920
  • Total Building Area: 1,365
  • Gross Building Area: 1,365
  • Building Area: 1,365
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,365
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING COVE
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804809

Geography

  • District: 35
  • Parcel: 07-28-408-025-0000
  • Lot: 122
  • Meridian: SEC 28 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0064
  • Longitude: -88.0933

    Address

  • Full Address: 566 Lorelei Dr
  • Address - House Number: 566
  • Address - Street Name: Lorelei
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C025
  • 4-Digit Zip Code: 3840
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $837,835
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 453,996
  • High Value: 542,671
  • Low Value: 365,321

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $89,280
  • Market Improvement Value: $280,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $8,928
  • Assessed Improvements Value: $28,072

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6186
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 Schaumburg

Stats & Trends

Median Asking:

$342,450

Sale Price/ft²

$249

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1594 ft²

Average Home Age

39.6 years

Currently For Sale

128 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 706 N Point Drive, Schaumburg, IL, 60193

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,351 ft²
706 N Point Drive, Schaumburg, IL, 60193 Listing by Sarah Leonard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Craig Caffarello, WEICHERT, REALTORS - Your Place Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11342445
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 566 Lorelei Drive built and last sold?
The property at 566 Lorelei Drive was built in 1977 and last sold on May 6, 2022 for $426,000.
How much is this home worth?
The estimated value of the home located at 566 Lorelei Drive is $453,926.
What are some comparable homes to 566 Lorelei Drive?
There are currently no comparable homes to 566 Lorelei Drive.
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