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Schaumburg 60195
823 Downing Drive
$390,000
● House - Off Market

823 Downing Drive

Schaumburg, IL 60195
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,273 Ft²
$422,120
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

New siding, gutters and downspout being installed within the next weeks.  Great location and a great home! New updated baths. Engineered Hardwood floors throughout.  An oversized family room completes the main level, along with large eat-in kitchen with separate dining room and living room. Lower level offer many possibilities and includes outside access. Close to schools, parks, shopping and expressways.
Unit Size
2,273 Ft²
Days on Market
-
Land Size
-
Price per sqft
$176
Property Type
House
Property Taxes
$679
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 #11646117)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Oct 5, 2020 Listed by @properties Christie's International Real Estate $400,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,875
  • Total Building Area: 2,273
  • Gross Building Area: 2,273
  • Building Area: 2,273
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,273
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHURCHILL UNIT2
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78
  • Legal Description 1: (CHURCHILL) (UNIT2) SUB OF PT EH SW SEC 09-41-10

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804706

Geography

  • District: 35
  • Parcel: 07-09-306-012-0000
  • Block: 5
  • Lot: 12
  • Meridian: SEC 09 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0535
  • Longitude: -88.101

    Address

  • Full Address: 823 Downing Dr
  • Legal Unit: 2
  • Address - House Number: 823
  • Address - Street Name: Downing
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C004
  • 4-Digit Zip Code: 3239
  • Zip Code: 60195

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $939,329
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 445,953
  • High Value: 548,102
  • Low Value: 343,804

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $95,000
  • Market Improvement Value: $285,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $9,500
  • Assessed Improvements Value: $28,500

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45227
  • Previous Sale Recording Date: Jun 29, 1999
  • Previous Sale Contract Date: Jun 25, 1999
  • Previous Sale Amount: $229,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Schaumburg

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$249

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1670 ft²

Average Home Age

37.6 years

Currently For Sale

119 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 508 Bristol Lane, Schaumburg, IL, 60194

$3,450 /mo

  • 4 Beds
  • 1 Bath
  • 1,140 ft²
508 Bristol Lane, Schaumburg, IL, 60194 Listing by Omar Adil
Unit for rent at 2010 Carleton Road, Hoffman Estates, IL, 60169

$3,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,644 ft²
2010 Carleton Road, Hoffman Estates, IL, 60169 Listing by Judi Rentas

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Patricia Gibbons, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11646117
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 823 Downing Drive built and last sold?
The property at 823 Downing Drive was built in 1970 and last sold on Nov 30, 2022 for $390,000.
How much is this home worth?
The estimated value of the home located at 823 Downing Drive is $0.
What are some comparable homes to 823 Downing Drive?
There are currently no comparable homes to 823 Downing Drive.
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