$204,500
●
Land -
Off Market
607 PARKWAY Drive
WHEATON, IL 60187
Studio
0 Bath
$369,253
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model
About This Property
The original ranch home on this lot is gone. No demolition
costs - could save a good $20K in lot preparation fees! City
services (water, sewer, gas, electric) available on the street and
perk test was completed by seller. Seller has
drawings for a 1565 square foot, 3 bedroom, 2 bath ranch home with
a basement with roughed in bath and 2 car attached garage. Or
use plans being drawn up for a 2 story home and build with a
premier local builder on this 75'x134' lot in an area favored for
its wide frontage, deep lots. Many newer construction homes
within surrounding blocks of this lot. Wonderful location
offering a healthy walk to Metra train, Prairie Path and a short
drive to downtown Wheaton's shopping, fine restaurants, parks,
summer festivals and highways.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$165
HOA Dues
-
Year Built
2019
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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 #09595768)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2023 | Sold | ||
| Sold | |||
| May 12, 2023 | Listed by Keller Williams Premiere Properties | $889,000 | |
| Listed by Keller Williams Premiere Properties | |||
| | |||
|
New in 2017, this 4 bedroom, 4.1 bath North Wheaton home has most everything on today's buyer's checklist! Open concept kitchen to family room with access to manicured back yard and patio. First floor features 9 ft ceilings, Hardwood floors, the sunny white kitchen with quartz tops and marble backsplash, mudroom with cubbies and closet space, 3 car attached garage, 1st floor office, both formal and informal dining. 2nd floor includes Primary Suite with spa bath and walk-in closet. 3 additional bedrooms, 2 additional full baths, large laundry room and charming loft area. The newly finished basement boasts rec room plumbed for wet bar, 4th bath more. Additional updates, Lighting, carpeting in bedrooms, kitchen backsplash, blinds, patio and privacy screen, landscaping, sod, gutter guards and more. Award winning D200 schools. Walk to elementary school, College Ave Metra station, nearby tot lot and more from this fantastic offering!
| |||
| Jun 15, 2017 | Sold | ||
| Sold | |||
| Apr 15, 2017 | Listed by Fathom Realty IL LLC | $230,000 | |
| Listed by Fathom Realty IL LLC | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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Closing Price
Sold On
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HOA + Taxes
About Wheaton
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Listed by: , Fathom Realty IL LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 09595768
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 09595768
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