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Spring Grove 60081 Wilmot Farms of Spring Grove
9208 Nicholas Lane
$415,000
● House - Off Market

9208 Nicholas Lane

Spring Grove, IL 60081
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,482 Ft²
$427,492
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to Wilmot Farms! This spacious 4 Bed, 2.5 Bath home offers an open concept living space with an updated kitchen, powder room, first floor laundry and newer wood floors throughout the first floor. Upstairs you will find a spacious primary bedroom with a walk-in closet and its own full bathroom, two sinks and a soaking tub. The second floor offers 3 more bedrooms and another full bathroom! The full, unfinished basement has an additional 1,000+ sqft of space for storage or additional living potential, plus there is a crawl space for even more storage--Not to mention the 3 car garage! Newer roof and a shed, located on just over an acre of land--Enjoy the privacy and serenity on the backyard deck! Get outdoors nearby to Wilmot Farms Park or Chain O'Lakes State Park. Move right in!
Unit Size
2,482 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$173
Property Type
House
Property Taxes
$698
HOA Dues
-
Year Built
1997

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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 #11793971)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
May 25, 2023 Listed by Coldwell Banker Realty $429,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • 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 Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,096
  • Garage Type: 7
  • Garage Square Area: 900
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,691
  • Total Building Area: 2,482
  • Building Area: 2,482
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,482
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILMOT FARMS OF SPRING GROVE PHASE 1
  • Land Acres: 0000001118
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 2001R0062679 LT 123 WILMOT FARMS OF SPRING GROVE PHASE 1

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870106

Geography

  • Subdivision Phase Number: 1
  • Parcel: 05-17-356-002
  • Block: 356
  • Lot: 123
  • Municipality: BURTON TWP
  • Latitude: 42.4609
  • Longitude: -88.2151

    Address

  • Full Address: 9208 Nicholas Ln
  • Address - House Number: 9208
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Spring Grove
  • Carrier Code: R005
  • 4-Digit Zip Code: 8230
  • Zip Code: 60081

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $849,742
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 05003

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 438,286
  • High Value: 511,588
  • Low Value: 364,985

    Market Valuation

  • Market Total Value: $327,954
  • Market Land Value: $51,864
  • Market Improvement Value: $276,090

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $109,318
  • Assessed Land Value: $17,288
  • Assessed Improvements Value: $92,030

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23202
  • Previous Sale Recording Date: Aug 28, 2001
  • Previous Sale Contract Date: Aug 17, 2001
  • Previous Sale Amount: $263,000
  • 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 Wilmot Farms of Spring Grove

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

58

Average Home Size

2435 ft²

Average Home Age

23.8 years

Currently For Sale

0 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: Megan Farmer, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11793971
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 9208 Nicholas Lane built and last sold?
The property at 9208 Nicholas Lane was built in 1997 and last sold on Jul 18, 2023 for $415,000.
How much is this home worth?
The estimated value of the home located at 9208 Nicholas Lane is $433,079.
What are some comparable homes to 9208 Nicholas Lane?
There are currently no comparable homes to 9208 Nicholas Lane.
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