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Oak Brook 60523
7 Berseem Court
$500,000
● Land - Off Market

7 Berseem Court

Oak Brook, IL 60523
bedrooms
Studio
bathrooms
0 Bath
$600,906
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

0.948 acres lot with 160' waterfront on Ginger Creek in Oak Brook. Conducive to lower lever walkout where you can build your dream house facing southwest direction with lots of sun exposure and lake view. The lot has an easment on the side with buildable area of 0.7 acres Zoned R2. Setbacks for the house are 18' from each side and 40' from the front and 45' from the lake.    Lot size is approximately 243x160x329x123  Taxes for 2020    $5,114.50  Taxes for 2021:   $   477.20  Association fee:   $1,250.00
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$40
HOA Dues
-
Year Built
-

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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 #11694021)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
Jan 2, 2023 Listed by Useini Realty Group, Inc $599,900
Listed by Useini Realty Group, Inc

Property Highlights

Building Info

Overview

    General

  • 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
  • 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: 44,867
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Subdivision: GINGER CREEK RESUB
  • Land Acres: 0000001030
  • Standard Land Use Code: 9000
  • County Land Use Code: E
  • Legal Description 1: GINGER CREEK RESUB LOT 56A

Neighborhood

  • School District Name: Community High School District 99
  • School Tax School District: OAK BROOK
  • Census Tract: 844402

Zoning

  • Zoning: R

Geography

  • Parcel: 06-28-209-008
  • Lot: 56A
  • Municipality: YORK
  • Latitude: 41.8412
  • Longitude: -87.9793

    Address

  • Full Address: 7 Berseem Ct
  • Address - House Number: 7
  • Address - Street Name: Berseem
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Oak Brook
  • Carrier Code: C053
  • 4-Digit Zip Code: 1608
  • Zip Code: 60523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 6059

    Market Valuation

  • Market Total Value: $30,180
  • Market Land Value: $30,180

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39539
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 Oak Brook

Stats & Trends

Median Asking:

$1,162,500

Sale Price/ft²

$344

Below Asking

0.01%

Average Days on Market

52

Average Home Size

6664 ft²

Average Home Age

39.9 years

Currently For Sale

14 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: Nick Useini, Useini Realty Group, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11694021
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 7 Berseem Court built and last sold?
The property at 7 Berseem Court was built in and last sold on May 30, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 7 Berseem Court is $605,899.
What are some comparable homes to 7 Berseem Court?
There are currently no comparable homes to 7 Berseem Court.
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