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Carol Stream 60188
640 Shining Water Drive
$355,500
● House - Off Market

640 Shining Water Drive

Carol Stream, IL 60188
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,622 Ft²
$2,325
Est. Monthly
7.18%
Cap Rate

About This Property

Welcome Home! This wonderful 3BR split level home located on a quiet cul-de-sac in Carol Stream is move-in ready! Large updated kitchen features lots of storage, stainless steel appliances and a dining area. You can access the deck from sliding doors here and enjoy indoor/outdoor entertaining! The main level features a large living room and 3 bedrooms with a full bath. On the lower level you will find a great family room space, storage, laundry and a full bath. The home has many new windows and sellers also replaced all the flooring and have just installed a new hot water heater. Look forward to a summer of fun enjoying the large fenced yard. Make your appointment today!
Unit Size
1,622 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$216
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
1978

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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 #12003283)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Mar 22, 2024 Listed by Redfin Corporation $349,900
Listed by Redfin Corporation

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,622
  • Gross Building Area: 1,142
  • Building Area: 1,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHINING WATERS UNIT 6
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: SHINING WATERS UNIT 6 ALL

Neighborhood

  • School District Name: Benjamin School District 25
  • School Tax School District: CAROL STREAM
  • Census Tract: 841324

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2967-C6
  • Parcel: 01-25-406-039
  • Lot: 25
  • Municipality: WAYNE
  • Latitude: 41.9187
  • Longitude: -88.1544

    Address

  • Full Address: 640 Shining Water Dr
  • Legal Unit: 6
  • Address - House Number: 640
  • Address - Street Name: Shining Water
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Carol Stream
  • Carrier Code: C018
  • 4-Digit Zip Code: 9142
  • Zip Code: 60188

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $727,350
  • Tax Rate Code Area: 1021

    Appraisal Valuation

  • Standard Deviation: 0.173
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 329,406
  • High Value: 386,415
  • Low Value: 272,397

    Market Valuation

  • Market Total Value: $254,280
  • Market Land Value: $86,550
  • Market Improvement Value: $167,730

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,760
  • Assessed Land Value: $28,850
  • Assessed Improvements Value: $55,910

    Sales

  • Current Sale Contract Date: Apr 06, 2018
  • Current Sale Recording Date: May 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018-045885
  • Previous Sale Recording Date: Apr 02, 2010
  • Previous Sale Contract Date: Mar 18, 2010
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 71

    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 Carol Stream

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1482 ft²

Average Home Age

43 years

Currently For Sale

38 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 1951 Windward Lane, Hanover Park, IL, 60133

$2,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,250 ft²
1951 Windward Lane, Hanover Park, IL, 60133 Listing by Kevin Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Terrie Whittaker, Redfin Corporation
Last Updated: 3 years ago
Data Source: MRED, MLS# 12003283
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 Shining Water Drive built and last sold?
The property at 640 Shining Water Drive was built in 1978 and last sold on Apr 6, 2018 for $251,000.
How much is this home worth?
The estimated value of the home located at 640 Shining Water Drive is $0.
What are some comparable homes to 640 Shining Water Drive?
There are currently no comparable homes to 640 Shining Water Drive.
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