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Des Plaines 60016
570 Waikiki Drive
$366,000
● House - Off Market

570 Waikiki Drive

Des Plaines, IL 60016
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,604 Ft²
$446,039
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Spectacular remodeled 4 bedroom, 2 full bathroom home sitting on an oversized lot with a 2.5 car garage. Recent improvements include 2019 roof, siding and gutters. Newer windows with a 20 year warranty. Newer driveway and patio, and front stairs. Remodeled bathrooms with marble countertops and back splash. Beautiful refinished hardwood floors. Cozy oversized family room with gorgeous finishes and a built-in electric fireplace. Updated kitchen with ceramic floors.  Recently insulated attic. Large finished basement with lots of storage and a crawlspace. Private fenced yard. Beautiful home with many updates. You have to see this one!
Unit Size
1,604 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$234
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1967

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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 #11038943)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed by arhome realty $374,999
Listed by arhome realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,815
  • Total Building Area: 1,604
  • Gross Building Area: 1,604
  • Building Area: 1,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,604
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DES PLAINES TERRACE UNIT 04
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-07
  • Legal Description 1: LOT 32 IN DES PLAINES TERRACE UNIT #4 PART OF LOT 2 IN CONRAD MOEHLIN GS SUB IN W2 OF SEC08+ T41N R12E 3

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806103

Geography

  • District: 22
  • Parcel: 09-07-219-022-0000
  • Lot: 32
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0604
  • Longitude: -87.9077

    Address

  • Full Address: 570 Waikiki Dr
  • Address - House Number: 570
  • Address - Street Name: Waikiki
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C048
  • 4-Digit Zip Code: 7544
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $838,295
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 412,987
  • High Value: 507,288
  • Low Value: 318,685

    Market Valuation

  • Market Total Value: $360,000
  • Market Land Value: $66,430
  • Market Improvement Value: $293,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $6,643
  • Assessed Improvements Value: $29,357

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2115439053

    Financing

  • First Mortgage Financing Type: FIX
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 Des Plaines

Stats & Trends

Median Asking:

$399,999

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1678 ft²

Average Home Age

49.9 years

Currently For Sale

99 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: Bogdan Sokolowski, arhome realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11038943
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 570 Waikiki Drive built and last sold?
The property at 570 Waikiki Drive was built in 1967 and last sold on May 25, 2021 for $366,000.
How much is this home worth?
The estimated value of the home located at 570 Waikiki Drive is $0.
What are some comparable homes to 570 Waikiki Drive?
There are currently no comparable homes to 570 Waikiki Drive.
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