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Woodridge 60517
8708 Suffield Drive
$500,000
● House - Off Market

8708 Suffield Drive

Woodridge, IL 60517
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,044 Ft²
$3,295
Est. Monthly
6.37%
Cap Rate

About This Property

The perfect home for a family looking for great schools with low property taxes in a quiet suburban neighborhood. This is the only home on the market in the low 500K range with access to top-notch schools, including elementary school district Center Cass 66 and high school district 99 Downers Grove South. Location in Unincorporated Downers Grove keeps taxes low, while also being near excellent amenities like Westminster Park, and downtown Downers Grove and Bolingbrook shopping and restaurants. This home has 4 bedrooms, 2.5 baths and 3 levels, with a gorgeous deck overlooking the tree-lined backyard, and only one neighbor. The home is being sold as-is, but is in turnkey condition. Perfect for a family looking for a peaceful oasis with easy access to lots of amenities nearby.
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$254
Property Type
House
Property Taxes
$741
HOA Dues
-
Year Built
2001

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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 #11946391)

Price History

Date / Event Date Event Price
Jan 25, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by RE/MAX City $520,000
Listed by RE/MAX City

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 864
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,908
  • Gross Building Area: 2,908
  • Building Area: 2,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GALLAGHER & HENRYS FARMINGDALE VILLAGE
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: GALLAGHER & HENRYS FARMINGDALE VILLAGE UNIT 8 ALL

Neighborhood

  • School District Name: Center Cass School District 66
  • School Tax School District: DARIEN-WOODRIDG
  • Census Tract: 845808

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: 3206-B5
  • Parcel: 10-06-102-003
  • Lot: 687
  • Municipality: DOWNERS GROVE
  • Latitude: 41.727
  • Longitude: -88.0257

    Address

  • Full Address: 8708 Suffield Dr
  • Legal Unit: 8
  • Address - House Number: 8708
  • Address - Street Name: Suffield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Woodridge
  • Carrier Code: C097
  • 4-Digit Zip Code: 7576
  • Zip Code: 60517

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $889,672
  • Tax Rate Code Area: 9148

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 80
  • Final Value: 486,067
  • High Value: 562,470
  • Low Value: 409,664

    Market Valuation

  • Market Total Value: $405,150
  • Market Land Value: $143,580
  • Market Improvement Value: $261,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $135,050
  • Assessed Land Value: $47,860
  • Assessed Improvements Value: $87,190

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4875
  • Previous Sale Recording Date: Jul 24, 2001
  • Previous Sale Contract Date: Jul 05, 2001
  • Previous Sale Amount: $264,500
  • Previous Sale Document Type: 27
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 Woodridge

Stats & Trends

Median Asking:

$434,750

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1855 ft²

Average Home Age

36.4 years

Currently For Sale

30 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 7749 Lyman Avenue, Darien, IL, 60561

$3,750 /mo

  • 4 Beds
  • 2 Baths
  • 2,600 ft²
7749 Lyman Avenue, Darien, IL, 60561 Listing by Keith Jablonowski
Unit for rent at 2905 Edgewood Parkway, Woodridge, IL, 60517

$3,400 /mo

  • 3 Beds
  • 1 Bath
  • 2,036 ft²
2905 Edgewood Parkway, Woodridge, IL, 60517 Listing by Cristina Panagopoulos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Grace Wnuk, RE/MAX City
Last Updated: 3 years ago
Data Source: MRED, MLS# 11946391
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 8708 Suffield Drive built and last sold?
The property at 8708 Suffield Drive was built in 2001 and last sold on Jan 25, 2024 for $500,000.
How much is this home worth?
The estimated value of the home located at 8708 Suffield Drive is $0.
What are some comparable homes to 8708 Suffield Drive?
There are currently no comparable homes to 8708 Suffield Drive.
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