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Sugar Grove 60554
773 Ridgeview Lane
$430,000
● House - Off Market

773 Ridgeview Lane

Sugar Grove, IL 60554
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,100 Ft²
$455,070
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

This beautiful home is the one you've been waiting for! Built in 2015, this home is move-in ready. Brand-new stainless-steel appliances in the large, open kitchen. 4 bedrooms, 2.5 baths, a study that could be a 5th bedroom, and a large great room loft upstairs will give your family plenty of room to grow. The backyard overlooks the gorgeous prairie and has a new Amish-built shed and wood deck off the kitchen. The neighborhood boasts walking trails throughout the prairies that surround it. Walking distance to the new public library and to Volunteer Park. Plenty of restaurants and shopping nearby with easy access to I-88. This home will not last, so come and check it out before it's gone.
Unit Size
3,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$140
Property Type
House
Property Taxes
$907
HOA Dues
$33
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 #11626507)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Sep 10, 2022 Listed by Real Broker, LLC $434,900
Listed by Real Broker, LLC

Property Highlights

Air Conditioning
Fireplace

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: 11,730
  • 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: R
  • Subdivision: PRAIRIE GLEN SUB
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PRAIRIE GLEN SUB UNIT 1 LT 9

Neighborhood

  • School District Name: Kaneland Community Unit School District 302
  • Census Tract: 854509

Geography

  • Parcel: 14-20-205-003
  • Lot: 9
  • Municipality: SUGAR GROVE
  • Latitude: 41.7629
  • Longitude: -88.4629

    Address

  • Full Address: 773 Ridgeview Ln
  • Legal Unit: 1
  • Address - House Number: 773
  • Address - Street Name: Ridgeview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Sugar Grove
  • Carrier Code: R051
  • 4-Digit Zip Code: 5049
  • Zip Code: 60554

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,129,504
  • Tax Rate Code Area: SG102

    Appraisal Valuation

  • Standard Deviation: 0.1357
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 468,811
  • High Value: 532,432
  • Low Value: 405,190

    Market Valuation

  • Market Total Value: $377,104
  • Market Land Value: $64,052
  • Market Improvement Value: $313,052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $125,651
  • Assessed Land Value: $21,342
  • Assessed Improvements Value: $104,309

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56972
  • Previous Sale Recording Date: Jun 22, 2015
  • Previous Sale Contract Date: Jun 18, 2015
  • Previous Sale Amount: $308,500
  • 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 Sugar Grove

Stats & Trends

Median Asking:

$480,000

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2584 ft²

Average Home Age

26.5 years

Currently For Sale

23 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 Webster, Real Broker, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11626507
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 773 Ridgeview Lane built and last sold?
The property at 773 Ridgeview Lane was built in and last sold on Sep 30, 2022 for $430,000.
How much is this home worth?
The estimated value of the home located at 773 Ridgeview Lane is $446,409.
What are some comparable homes to 773 Ridgeview Lane?
There are currently no comparable homes to 773 Ridgeview Lane.
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