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Downers Grove 60516
7236 Binder Road
$370,000
● House - Off Market

7236 Binder Road

Downers Grove, IL 60516
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,951 Ft²
$386,059
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

ALL Brick Cambridge Ranch in Downers Grove! Center entry/foyer w/separate Living Room & Dining Room. Updated kitchen with large eat-in area too! Spacious family room off the kitchen...brick fireplace! Three bedrooms...Primary bedroom w/private bath. Two additional bedroooms/Hall Bath. Unfinished basement and a concrete crawl. Attached two-car garage. Great home & Downers Grove Location!  Conveyed "as is"
Unit Size
1,951 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$648
HOA Dues
-
Year Built
1987

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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.

Last updated: 3 years ago (MRED MLS #11303400)

Price History

Date / Event Date Event Price
Mar 24, 2022 Sold
Premium
Sold
Jan 12, 2022 Listed by @properties | Christie's International Real Estate $374,900
Listed by @properties | Christie's International Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 924
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 720
  • Total Building Area: 2,875
  • Gross Building Area: 2,875
  • Building Area: 1,951
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,951
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GALLAGHER & HENRYS DUNHAM PLACE UNIT NO
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: GALLAGHER & HENRYS DUNHAM PLACE UNIT NO 6 ALL

Neighborhood

  • School District Name: Community High School District 99
  • School Tax School District: DOWNERS GROVE
  • Census Tract: 845703

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: 3206-A1
  • Parcel: 09-30-103-026
  • Lot: 245
  • Municipality: DOWNERS GROVE
  • Latitude: 41.7545
  • Longitude: -88.0271

    Address

  • Full Address: 7236 Binder Rd
  • Legal Unit: 6
  • Address - House Number: 7236
  • Address - Street Name: Binder
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Downers Grove
  • Carrier Code: C061
  • 4-Digit Zip Code: 3732
  • Zip Code: 60516

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $847,264
  • Tax Rate Code Area: 9026

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 493,177
  • High Value: 577,424
  • Low Value: 408,930

    Market Valuation

  • Market Total Value: $464,880
  • Market Land Value: $135,930
  • Market Improvement Value: $328,950

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $154,960
  • Assessed Land Value: $45,310
  • Assessed Improvements Value: $109,650

    Sales

  • Current Sale Contract Date: Mar 24, 2022
  • Current Sale Recording Date: Mar 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31981
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 Downers Grove

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$279

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2232 ft²

Average Home Age

50.6 years

Currently For Sale

92 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 6101 Stonewall Avenue, Downers Grove, IL, 60516

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,100 ft²
6101 Stonewall Avenue, Downers Grove, IL, 60516 Listing by Nuri Akdeniz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Linda Ryan, @properties | Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11303400
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 7236 Binder Road built and last sold?
The property at 7236 Binder Road was built in 1987 and last sold on Mar 24, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 7236 Binder Road is $0.
What are some comparable homes to 7236 Binder Road?
There are currently no comparable homes to 7236 Binder Road.
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