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Elmhurst 60126
646 Spring Road
$395,000
● House - Off Market

646 Spring Road

Elmhurst, IL 60126
bedrooms
4 Beds
bathrooms
2 Baths
$2,536
Est. Monthly
8.37%
Cap Rate

About This Property

This well maintained home is ready for a new family. Great location, walking distance from schools and awaiting the new owners touches. This home not only has great space inside, outside has a nice open backyard. The home has a full house generator, fireplace a new hot water heater and lots of character. So many possibilities!  Home is being sold "as is".
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$596
HOA Dues
-
Year Built
1949

Payment Calculator

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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: 2 years ago (MRED MLS #12197969)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Premium
Sold
Oct 28, 2024 Listed by L.W. Reedy Real Estate $395,000
Listed by L.W. Reedy Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 8
  • Basement Area: 830
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 140
  • Lot Size Frontage Feet: 52
  • Total Building Area: 2,146
  • Gross Building Area: 2,146
  • Building Area: 1,316
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,316
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELM CREST
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: ELM CREST NE 1/4 SW 1/4 SEC 11 39 11

Neighborhood

  • School District Name: Elmhurst School District 205
  • School Tax School District: DISTRICT 205
  • Census Tract: 843900

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3027-D5
  • Parcel: 06-11-322-017
  • Block: 18
  • Lot: 6
  • Municipality: YORK
  • Latitude: 41.8804
  • Longitude: -87.9499

    Address

  • Full Address: 646 S Spring Rd
  • Address - House Number: 646
  • Street Direction: S
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Elmhurst
  • Carrier Code: C051
  • 4-Digit Zip Code: 4225
  • Zip Code: 60126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $696,308
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 6046

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 448,554
  • High Value: 519,061
  • Low Value: 378,048

    Market Valuation

  • Market Total Value: $362,490
  • Market Land Value: $178,410
  • Market Improvement Value: $184,080

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,830
  • Assessed Land Value: $59,470
  • Assessed Improvements Value: $61,360

    Exemptions

  • Homeowner Exemption: Yes
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 Elmhurst

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2715 ft²

Average Home Age

44.7 years

Currently For Sale

81 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 274 N Berteau Avenue, Elmhurst, IL, 60126

$3,250 /mo

  • 3 Beds
  • 3 Baths
  • 1,555 ft²
274 N Berteau Avenue, Elmhurst, IL, 60126 Listing by Brittany Sanchez
Unit for rent at 150 S Myrtle Avenue, Villa Park, IL, 60181

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,880 ft²
150 S Myrtle Avenue, Villa Park, IL, 60181 Listing by Bryan Bomba

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karin Carani, L.W. Reedy Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12197969
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 646 Spring Road built and last sold?
The property at 646 Spring Road was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 646 Spring Road is $0.
What are some comparable homes to 646 Spring Road?
There are currently no comparable homes to 646 Spring Road.
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