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Bartlett 60103
987 Lakewood Drive
$370,000
● House - Off Market

987 Lakewood Drive

Bartlett, IL 60103
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,284 Ft²
$2,378
Est. Monthly

About This Property

Welcome to 987 Lakewood Drive in Bartlett! Completely remodeled in 2023, this move-in-ready home features a new HVAC system, a stunning new kitchen with all newer appliances, two fully remodeled bathrooms, with new flooring throughout. The home also offers solar panels for energy efficiency and low monthly electric bills, plus an EV smart charger in the garage that conveys to new owners. Enjoy a fully fenced large yard -perfect for outdoor entertaining. A short distance to a new playground, trails, tennis court and more. A true ranch ready for new owners!
Unit Size
1,284 Ft²
Days on Market
-
Land Size
-
Price per sqft
$284
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1962

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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

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,284
  • Gross Building Area: 1,284
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLE ORCHARD COUNTRY CLUB SUBDIVISION
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: APPLE ORCHARD COUNTRY CLUB SUBDIVISION

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841316

Zoning

  • Zoning: R

Geography

  • Parcel: 01-10-103-012
  • Lot: 146
  • Municipality: WAYNE
  • Latitude: 41.9712
  • Longitude: -88.1997

    Address

  • Full Address: 987 Lakewood Dr
  • Address - House Number: 987
  • Address - Street Name: Lakewood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bartlett
  • Carrier Code: R001
  • 4-Digit Zip Code: 5614
  • Zip Code: 60103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $661,664
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1036

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 336,775
  • High Value: 393,723
  • Low Value: 279,828

    Market Valuation

  • Market Total Value: $245,160
  • Market Land Value: $84,780
  • Market Improvement Value: $160,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $81,720
  • Assessed Land Value: $28,260
  • Assessed Improvements Value: $53,460

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 58758
  • Previous Sale Recording Date: Jul 24, 2015
  • Previous Sale Contract Date: Jun 17, 2015
  • Previous Sale Amount: $162,500
  • 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 Bartlett

Stats & Trends

Median Asking:

$418,990

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1936 ft²

Average Home Age

26.3 years

Currently For Sale

57 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 633 Mallard Court, Bartlett, IL, 60103

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
633 Mallard Court #A2, Bartlett, IL, 60103 Listing by Christine Sarantakis
Unit for rent at 342 W Jervey Lane, Bartlett, IL, 60103

$3,350 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
342 W Jervey Lane #342, Bartlett, IL, 60103 Listing by Ed Calusinski
Unit for rent at 620 Mallard Court, Bartlett, IL, 60103

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
620 Mallard Court #D1, Bartlett, IL, 60103 Listing by Rubeena Siddiqui

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Mireille Sabatini, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12564195
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 987 Lakewood Drive built and last sold?
The property at 987 Lakewood Drive was built in 1962 and last sold on Sep 7, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 987 Lakewood Drive is $365,652.
What are some comparable homes to 987 Lakewood Drive?
There are currently no comparable homes to 987 Lakewood Drive.
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