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Maple Park 60151
640 Settlement Drive
Photo of 640 Settlement Drive

38

Map

Photo of 640 Settlement Drive
Photo of 640 Settlement Drive
$425,000
● House - For Sale

640 Settlement Drive

Maple Park, IL 60151
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,160 Ft²
$2,878
Est. Monthly
Unit Size
3,160 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$791
HOA Dues
-
Year Built
2006

Listed By

Mudassir Siddiqui
[email protected]
Realty Executives Advance

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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

Air Conditioning
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Asphalt, Garage, Attached, Yes
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Laundry Features: Main Level
Rooms: 9
Has Fireplace
Fireplaces: 1
Basement: Unfinished, Full
Exterior Details
Square Footage: 3160
Square Footage Source: $0
Architectural Style: Traditional
Year Built: 2006
Construction Materials: Vinyl Siding
Patio and Porch Features: Porch
Lot Size Dimensions: 70X120
Water Source: Public
Financial Details
Tax Annual Amount: $9,489
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,050
  • Total Building Area: 3,246
  • Gross Building Area: 3,246
  • Building Area: 3,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,246
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE SETTLEMENT
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: THE SETTLEMENT LOT 41

Neighborhood

  • School District Name: Kaneland Community Unit School District 302
  • Census Tract: 852403

Geography

  • Parcel: 07-31-211-002
  • Lot: 41
  • Municipality: VIRGIL
  • Latitude: 41.9024
  • Longitude: -88.5947

    Address

  • Full Address: 640 Settlement Dr
  • Address - House Number: 640
  • Address - Street Name: Settlement
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Maple Park
  • Carrier Code: R014
  • 4-Digit Zip Code: 7606
  • Zip Code: 60151

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $838,646
  • Tax Rate Code Area: VI042

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 335,359
  • High Value: 382,893
  • Low Value: 287,826

    Market Valuation

  • Market Total Value: $281,050
  • Market Land Value: $37,083
  • Market Improvement Value: $243,968

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,646
  • Assessed Land Value: $12,356
  • Assessed Improvements Value: $81,290

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 05, 2014
  • Current Sale Recording Date: Jul 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2014K034091
  • Previous Sale Recording Date: Nov 13, 2013
  • Previous Sale Contract Date: Nov 04, 2013
  • Previous Sale Document Type: 64

    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 Maple Park

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$191

Above Asking

0.00%

Average Days on Market

41

Average Home Size

2299 ft²

Average Home Age

21.8 years

Currently For Sale

4 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

Rentals Near You

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MRED

Listed by: Mudassir Siddiqui, HomeSmart Connect LLC
Data Source: MRED, MLS# MRD12763285
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 640 Settlement Drive built and last sold?
The property at 640 Settlement Drive was built in 2006 and last sold on Jun 5, 2014 for $182,000.
How much is this home worth?
The estimated value of the home located at 640 Settlement Drive is $434,080.
What are some comparable homes to 640 Settlement Drive?
There are currently no comparable homes to 640 Settlement Drive.
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