$356,000
●
House -
Off Market
722 Ridge Drive
Elburn, IL 60119
3 Beds
2 Baths
1,748 Ft²
$386,286
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
Great 3 bedroom, 2 bath ranch with a full unfinished basement that
has endless possibilities. Brand new carpet throughout. Maple
kitchen cabinets, quartz counters, breakfast bar & hardwood floors.
Welcoming living room has abundant sunlight, fireplace with gas
logs & sliding glass door that leads to a large patio overlooking
open green space with afully fenced back yard (new fence 2022).
Spacious master with huge walk-in closet & luxury bath that has
deep soaker tub & separate shower. 1st floor laundry with utility
sink, 9'ceilings, power awning system over patio, attached 2 car
heated garage. Furnace and AC 2021, water heater 2020.
Convenient location close to town & train. Well-maintained, neutral
and ready for it's new homeowners.
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$209
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003
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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 #11663284)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 4, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by Presto Real Estate Services | $364,900 | |
| Listed by Presto Real Estate Services | |||
| Mar 16, 2019 | No longer available | - | |
| No longer available | |||
| Jan 16, 2019 | Listed | $279,900 | |
| Listed | |||
| | |||
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Your next home! Move right in to this great 3 bedroom, 2 bath ranch with a full unfinished basement that has endless possibilities. Brand new carpet throughout. Maple kitchen cabinets, quartz counters, breakfast bar & hardwood floors. Welcoming living room has abundant sunlight, fireplace with gas logs & sliding glass door that leads to a large patio overlooking open green space that is maintained by the city. Spacious master with roomy walk-in closet & luxury bath that has deep soaker tub & separate shower. 1st floor laundry with utility sink, 9'ceilings, reverse osmosis drinking water system, power awning system over patio, attached 2 car heated garage plus newer humidifier & disposal. Convenient location close to town & train. Well-maintained, neutral and ready for it's new homeowners. The manager has listed the unit size as 1748 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Elburn
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Listed by: Lisa Stover, Presto Real Estate Services
Last Updated: 3 years ago
Data Source: MRED, MLS# 11663284
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11663284
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