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Addison 60101
873 W Heritage Drive
$302,500
● House - Off Market

873 W Heritage Drive

ADDISON, IL 60101
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,179 Ft²
$651,727
RealtyHop Estimate
103.66%
Since Dec 1, 2008
National-US
Primary Model

About This Property

Retiring & headed to Florida! Long time owners hate to leave their low traffic cul-de-sac location. Large split boasts HWF, ceramic, laminate floors.  Private master bath w/built in vanity.  Eat-in kitchen opens to DR. Huge "L" shaped family room with 1/2 bath, gas FP, patio doors to yard, built in extra cabinets. Huge shed fits a 3rd car!  Lush, private yard!  See feature sheet for list of updates. Move in condition
Unit Size
2,179 Ft²
Days on Market
-
Land Size
-
Price per sqft
$147
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1965

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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.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 41
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 75
  • Total Building Area: 2,647
  • Gross Building Area: 2,647
  • Building Area: 2,095
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,095
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 3
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PIONEER PARK SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: PIONEER PARK SUB NUMBER THREE UNIT ONE

Neighborhood

  • School District Name: Addison School District 4
  • School Tax School District: ADDISON
  • Census Tract: 846604

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2970-C5
  • Parcel: 03-29-112-003
  • Lot: 70
  • Municipality: ADDISON
  • Latitude: 41.928
  • Longitude: -88.0123

    Address

  • Full Address: 873 W Heritage Dr
  • Address - House Number: 873
  • Street Direction: W
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Addison
  • Carrier Code: C036
  • 4-Digit Zip Code: 3165
  • Zip Code: 60101

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $728,094
  • Tax Rate Code Area: 3033

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 392,778
  • High Value: 454,003
  • Low Value: 331,553

    Market Valuation

  • Market Total Value: $314,580
  • Market Land Value: $106,470
  • Market Improvement Value: $208,110

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,860
  • Assessed Land Value: $35,490
  • Assessed Improvements Value: $69,370

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2021-184946
  • Previous Sale Recording Date: Nov 25, 2008
  • Previous Sale Contract Date: Nov 14, 2008
  • Previous Sale Amount: $302,500
  • 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 Addison

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1969 ft²

Average Home Age

39.7 years

Currently For Sale

48 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 520 N Veterans Parkway, Addison, IL, 60101

$4,500 /mo

  • 4 Beds
  • 3 Baths
  • 3,100 ft²
520 N Veterans Parkway, Addison, IL, 60101 Listing by Lisa Vlk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Janet Baier, RE/MAX Destiny
Data Source: MRED, MLS# MRD06940679
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 873 West Heritage Drive built and last sold?
The property at 873 West Heritage Drive was built in 1965 and last sold on Dec 23, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 873 West Heritage Drive is $358,224.
What are some comparable homes to 873 West Heritage Drive?
There are currently no comparable homes to 873 West Heritage Drive.
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