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Carol Stream 60188
650 Shining Water Drive
$316,000
● House - Off Market

650 Shining Water Drive

Carol Stream, IL 60188
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,496 Ft²
$2,208
Est. Monthly
7.77%
Cap Rate

About This Property

3-bedroom, 1.1-bathroom home located in a wonderful Carol Stream! A great investment opportunity! Features include a spacious formal living room that flows into the formal dining room, an oversized kitchen with a dining area and a large pantry closet, and a primary suite with two closets that connects to a huge shared full bath with a clawfoot soaking tub and separate shower. There are also two additional well-sized bedrooms. The full basement is a blank canvas for your creative ideas. The property boasts a 2-car attached garage and a large, fenced yard with a lovely patio. Priced to sell and offered "As Is" only.
Unit Size
1,496 Ft²
Days on Market
-
Land Size
-
Price per sqft
$211
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1978

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,496
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

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: 01-25-406-034
  • Lot: 20
  • Municipality: WAYNE
  • Latitude: 41.9192
  • Longitude: -88.1549

    Address

  • Full Address: 650 Shining Water Dr
  • Legal Unit: 6
  • Address - House Number: 650
  • 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: $756,624
  • Tax Rate Code Area: 1021

    Appraisal Valuation

  • Standard Deviation: 0.2068
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 334,870
  • High Value: 404,135
  • Low Value: 265,606

    Market Valuation

  • Market Total Value: $263,790
  • Market Land Value: $86,550
  • Market Improvement Value: $177,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,930
  • Assessed Land Value: $28,850
  • Assessed Improvements Value: $59,080

    Sales

  • Current Sale Contract Date: May 29, 2018
  • Current Sale Recording Date: May 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018-047919
  • Previous Sale Recording Date: May 31, 2018
  • Previous Sale Contract Date: Apr 04, 2018
  • Previous Sale Amount: $8,500
  • Previous Sale Document Type: 55

    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

1422 ft²

Average Home Age

43 years

Currently For Sale

34 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: Christopher McAllister, McAllister Real Estate
Data Source: MRED, MLS# MRD12411405
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 650 Shining Water Drive built and last sold?
The property at 650 Shining Water Drive was built in 1978 and last sold on May 29, 2018 for $147,500.
How much is this home worth?
The estimated value of the home located at 650 Shining Water Drive is $0.
What are some comparable homes to 650 Shining Water Drive?
There are currently no comparable homes to 650 Shining Water Drive.
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