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Wheaton 60189
586 Farnham Lane
$560,912
● House - Off Market

586 Farnham Lane

Wheaton, IL 60189
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,456 Ft²
$3,562
Est. Monthly
6.76%
Cap Rate
Unit Size
2,456 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$224
Property Type
House
Property Taxes
$861
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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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: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 682
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 125
  • Lot Size Frontage Feet: 65
  • Total Building Area: 3,600
  • Gross Building Area: 3,600
  • Building Area: 3,138
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,138
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIARCLIFFE KNOLLS UNIT 2
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: BRIARCLIFFE KNOLLS UNIT 2 ALL

Neighborhood

  • School District Name: Community Unit School District 200
  • School Tax School District: DISTRICT 200
  • Census Tract: 842703

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3082-D2
  • Parcel: 05-21-411-005
  • Lot: 166
  • Municipality: MILTON
  • Latitude: 41.8489
  • Longitude: -88.0974

    Address

  • Full Address: 586 Farnham Ln
  • Legal Unit: 2
  • Address - House Number: 586
  • Address - Street Name: Farnham
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wheaton
  • Carrier Code: C044
  • 4-Digit Zip Code: 7568
  • Zip Code: 60189

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $985,832
  • Tax Rate Code Area: 5012

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 568,373
  • High Value: 657,714
  • Low Value: 479,033

    Market Valuation

  • Market Total Value: $460,050
  • Market Land Value: $92,610
  • Market Improvement Value: $367,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $153,350
  • Assessed Land Value: $30,870
  • Assessed Improvements Value: $122,480

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Oct 15, 1993
  • Current Sale Recording Date: Nov 12, 1993
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 41
  • Current Sale Input Document Number: R93-261165
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 Wheaton

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$275

Below Asking

0.01%

Average Days on Market

37

Average Home Size

1861 ft²

Average Home Age

51.7 years

Currently For Sale

79 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 1526 E Forest Avenue, Wheaton, IL, 60187

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,296 ft²
1526 E Forest Avenue, Wheaton, IL, 60187 Listing by Eric Logan
Unit for rent at 1633 Gamon Road, Wheaton, IL, 60189

$4,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,325 ft²
1633 Gamon Road, Wheaton, IL, 60189 Listing by John Corry

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lance Kammes, RE/MAX Suburban
Data Source: MRED, MLS# MRD12562492
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 586 Farnham Lane built and last sold?
The property at 586 Farnham Lane was built in 1981 and last sold on Oct 15, 1993 for $202,000.
How much is this home worth?
The estimated value of the home located at 586 Farnham Lane is $562,977.
What are some comparable homes to 586 Farnham Lane?
There are currently no comparable homes to 586 Farnham Lane.
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