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Naperville 60540 East Highlands
655 Melody Lane
$640,000
● House - Off Market

655 Melody Lane

Naperville, IL 60540
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,146 Ft²
$4,290
Est. Monthly
3.32%
Cap Rate

About This Property

Solid well cared for home with many updates on a HUGE (80'x240'), gorgeous, private, DuPage river TROPHY LOT in the East Highlands.  Home is not in the floodplain and there is plenty of floodplain free space to build new. This is the closest street in East Highlands to downtown Naperville and just one block from the entrance to the riverwalk. The existing home is in beautiful condition and has been lovingly cared for and updated over the years. Plenty of great options here. Don't miss this one of a kind opportunity.
Unit Size
2,146 Ft²
Days on Market
-
Land Size
-
Price per sqft
$324
Property Type
House
Property Taxes
$877
HOA Dues
-
Year Built
1959

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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 #12096952)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Jul 14, 2024 In contract -
In contract
Jul 2, 2024 Listed by john greene, Realtor $695,000
Listed by john greene, Realtor

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 39
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 644
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 242
  • Lot Size Frontage Feet: 80
  • Total Building Area: 2,146
  • Gross Building Area: 2,146
  • Building Area: 2,146
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,146
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOSER HIGHLANDS
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: MOSER HIGHLANDS UNIT 6

Neighborhood

  • School District Name: Naperville Community Unit District 203
  • School Tax School District: DISTRICT 203
  • Census Tract: 846504

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3141-D6
  • Parcel: 07-24-211-007
  • Block: 4
  • Lot: 6
  • Municipality: NAPERVILLE
  • Latitude: 41.7642
  • Longitude: -88.1477

    Address

  • Full Address: 655 Melody Ln
  • Legal Unit: 6
  • Address - House Number: 655
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Naperville
  • Carrier Code: C079
  • 4-Digit Zip Code: 6618
  • Zip Code: 60540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,083,238
  • Tax Rate Code Area: 7025

    Appraisal Valuation

  • Standard Deviation: 0.1524
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 616,079
  • High Value: 710,021
  • Low Value: 522,137

    Market Valuation

  • Market Total Value: $520,950
  • Market Land Value: $213,180
  • Market Improvement Value: $307,770

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $173,650
  • Assessed Land Value: $71,060
  • Assessed Improvements Value: $102,590

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2011
  • Current Sale Recording Date: Aug 01, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2011-089574
  • Previous Sale Recording Date: Jun 30, 1999
  • Previous Sale Contract Date: Jun 23, 1999
  • Previous Sale Amount: $186,500
  • Previous Sale Document Type: 71
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 East Highlands

Stats & Trends

Median Asking:

$1,582,000

Sale Price/ft²

$402

Above Asking

0.00%

Average Days on Market

59

Average Home Size

3365 ft²

Average Home Age

37 years

Currently For Sale

11 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 117 E 6th Avenue, Naperville, IL, 60563

$3,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
117 E 6th Avenue, Naperville, IL, 60563 Listing by Kevin Beallis
Unit for rent at 355 Pearson Circle, Naperville, IL, 60563

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,995 ft²
355 Pearson Circle, Naperville, IL, 60563 Listing by Puneet Kapoor

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Swanson, john greene, Realtor
Last Updated: 3 years ago
Data Source: MRED, MLS# 12096952
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 655 Melody Lane built and last sold?
The property at 655 Melody Lane was built in 1959 and last sold on Jul 8, 2011 for $380,000.
How much is this home worth?
The estimated value of the home located at 655 Melody Lane is $0.
What are some comparable homes to 655 Melody Lane?
There are currently no comparable homes to 655 Melody Lane.
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