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University Park 60484
737 Union Drive
$202,000
● House - Off Market

737 Union Drive

University Park, IL 60484
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,600 Ft²
$223,792
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Let's start by saying this was a complete renovation, including:  New Roof, windows, doors, siding, garage doors, door openers, all interior trim and doors, all kitchen cabinetry, both bath vanity's, toilets, ceramic tile, wood laminate, carpeting, light fixtures, fans, furnace, central air and hot water heater, all new. All work was permitted and inspected by the village of University Park. The entire home inside and out has been freshly painted. Gorgeous bright kitchen with Quartine counters. Includes: all stainless appliances, refrigerator, stove and dishwasher. Enjoy relaxing on the 10x15 deck in the fenced backyard. NEW ASPHALT DRIVEWAY to be installed by mid November. If you've been waiting for the right house, this may be it!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$129
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970

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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 #11263592)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Nov 4, 2021 Listed by RE/MAX Professionals $206,900
Listed by RE/MAX Professionals

Property Highlights

Garage
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,003
  • Garage Type: 1
  • Garage Square Area: 461
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,974
  • Building Area: 1,510
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,510
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOOD HILLS RIDGEVIEW
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 BLOCK 6 IN WOODHILL RIDGEVIEW SUB 1ST ADDN, IN PRT OF SEC 12 13 IN THE W1/2 OF THE NE1/4 OF SEC 13,T34N-R13

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883606

Geography

  • Parcel: 21-14-13-203-002
  • Block: 6
  • Lot: 2
  • Meridian: SEC 12 TWN 34N RNG 13E
  • Municipality: MONEE
  • Latitude: 41.4419
  • Longitude: -87.676

    Address

  • Full Address: 737 Union Dr
  • Address - House Number: 737
  • Address - Street Name: Union
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: University Park
  • Carrier Code: C007
  • 4-Digit Zip Code: 2918
  • Zip Code: 60484

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $510,414
  • Tax Rate Code Area: 2106

    Appraisal Valuation

  • Standard Deviation: 0.1429
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 190,935
  • High Value: 218,237
  • Low Value: 163,633

    Market Valuation

  • Market Total Value: $126,648
  • Market Land Value: $19,107
  • Market Improvement Value: $107,541

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,216
  • Assessed Land Value: $6,369
  • Assessed Improvements Value: $35,847

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11497
  • Previous Sale Recording Date: Aug 27, 2019
  • Previous Sale Contract Date: Aug 22, 2019
  • Previous Sale Document Type: 52
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 University Park

Stats & Trends

Median Asking:

$205,500

Sale Price/ft²

$116

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1774 ft²

Average Home Age

51.1 years

Currently For Sale

18 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

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MRED

Listed by: Michael Dzik, RE/MAX Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 11263592
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 737 Union Drive built and last sold?
The property at 737 Union Drive was built in 1970 and last sold on Jan 10, 2022 for $202,000.
How much is this home worth?
The estimated value of the home located at 737 Union Drive is $0.
What are some comparable homes to 737 Union Drive?
There are currently no comparable homes to 737 Union Drive.
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