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Cary 60013
582 NORMAN Drive
$170,000
● House - Off Market

582 NORMAN Drive

CARY, IL 60013
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,555 Ft²
$427,166
RealtyHop Estimate
119.06%
Since Nov 1, 2010
National-US
Primary Model

About This Property

Unique Ranch w/2nd Flr In Law Addition! LR Open to Kitchen & FR w/Brick Gas log FP, sldg dr to patio & fncd yd. MBR w/2 clsts & prvt bath + 2nd BR & bath on main flr + 2nd Flr addition has 2 BRs, Full bath, loft, 2 Sep. GFA & CA, new siding & roof, Pella & Anderson wnds, Htd 2+ Car grg. Near train, town & Schools! PRICE SLASHED! Long days on market due to multiple price reductions. Priced to sell. So much house here!
Unit Size
2,555 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$76
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1984

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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.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,680
  • Total Building Area: 2,555
  • Building Area: 2,555
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,555
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKES WEST SIDE SUB
  • Land Acres: 0000000222
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2018R0025969 LT 6 BLK 5 FRANKES WEST SIDE SUB UNIT 4

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871600

Geography

  • Parcel: 19-12-377-013
  • Block: 5
  • Lot: 6
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2123
  • Longitude: -88.2514

    Address

  • Full Address: 582 Norman Dr
  • Legal Unit: 4
  • Address - House Number: 582
  • Address - Street Name: Norman
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Cary
  • Carrier Code: C005
  • 4-Digit Zip Code: 2068
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $857,188
  • Tax Rate Code Area: 19007

    Appraisal Valuation

  • Standard Deviation: 0.1664
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 371,372
  • High Value: 433,185
  • Low Value: 309,559

    Market Valuation

  • Market Total Value: $292,632
  • Market Land Value: $51,750
  • Market Improvement Value: $240,882

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,544
  • Assessed Land Value: $17,250
  • Assessed Improvements Value: $80,294

    Sales

  • Current Sale Contract Date: Oct 28, 2010
  • Current Sale Recording Date: Oct 29, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2010R0048582
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 Cary

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2122 ft²

Average Home Age

42.5 years

Currently For Sale

26 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 340 Cary-algonquin Road, Cary, IL, 60013

$1,445 /mo

  • 2 Beds
  • 1 Bath
  • 860 ft²
340 Cary-Algonquin Road #102, Cary, IL, 60013 Listing by Linda Dalrymple

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mary Opfer, ABR, RE/MAX Unlimited Northwest
Data Source: MRED, MLS# MRD06820810
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 582 Norman Drive built and last sold?
The property at 582 Norman Drive was built in 1984 and last sold on Oct 28, 2010 for $170,000.
How much is this home worth?
The estimated value of the home located at 582 Norman Drive is $398,950.
What are some comparable homes to 582 Norman Drive?
There are currently no comparable homes to 582 Norman Drive.
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