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Niles 60714 Niles
8516 W CLARA Drive
$450,000
● House - Off Market

8516 W CLARA Drive

Niles, IL 60714
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,964 Ft²
$2,738
Est. Monthly
5.79%
Cap Rate

About This Property

Newly updated spilt level single family in a fantastic location. This home features a brand new roof, new kitchen appliances, new refinished hardwood floors, new garage door, new washing machine and dryer, freshly painted spacious rooms and a finished basement. The kitchen provides a built in eating island then opens to the dining room. Beautiful well manicured lawn with carport for 1 car and gate.  This home is ideal.  Centrally located near shopping district with multiple school choices available as residents can choose between Main South or Main East high-schools.  Home is turnkey. Nothing to do but move in. Make an appointment to see today!
Unit Size
1,964 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1961

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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 #11928556)

Price History

Date / Event Date Event Price
Dec 27, 2023 Sold
Premium
Sold
Nov 10, 2023 Listed by @properties Christie's International Real Estate $439,000
Listed by @properties Christie's International Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENWOOD ESTATE
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (GREENWOOD)(ESTATE) SUB IN EH SW SEC 23-41-12

Neighborhood

  • School District Name: Park Ridge Consolidated Community School District 64
  • Census Tract: 805902

Geography

  • District: 22
  • Parcel: 09-23-321-032-0000
  • Lot: 50
  • Meridian: SEC 23 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0318
  • Longitude: -87.8388

    Address

  • Full Address: 8516 W Clara Dr
  • Address - House Number: 8516
  • Street Direction: W
  • Address - Street Name: Clara
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Niles
  • Carrier Code: C012
  • 4-Digit Zip Code: 2308
  • Zip Code: 60714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,013,689
  • Tax Rate Code Area: 22023

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 470,826
  • High Value: 577,504
  • Low Value: 364,148

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $68,750
  • Market Improvement Value: $351,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,000
  • Assessed Land Value: $6,875
  • Assessed Improvements Value: $35,125

    Sales

  • Current Sale Contract Date: Dec 06, 2023
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33152
  • Previous Sale Recording Date: Nov 27, 2006
  • Previous Sale Contract Date: Nov 03, 2006
  • Previous Sale Amount: $430,000
  • 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 Niles

Stats & Trends

Median Asking:

$424,900

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1655 ft²

Average Home Age

50.3 years

Currently For Sale

42 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 920 N Northwest Highway, Park Ridge, IL, 60068

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 2,200 ft²
920 N Northwest Highway #2, Park Ridge, IL, 60068 Listing by Kassie Houlihan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Angelo Apostolou, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11928556
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 8516 West Clara Drive built and last sold?
The property at 8516 West Clara Drive was built in 1961 and last sold on Dec 6, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 8516 West Clara Drive is $451,100.
What are some comparable homes to 8516 West Clara Drive?
There are currently no comparable homes to 8516 West Clara Drive.
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