See Home Value
Newark 60541
1 Oak Ridge Drive
$282,000
● House - Off Market

1 Oak Ridge Drive

Newark, IL 60541
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,544 Ft²
$1,464
Est. Monthly
10.58%
Cap Rate

About This Property

THIS IS TRULY SMALL-TOWN LIVING AT ITS FINEST! You will fall in love with this three bedroom, two and one half bath ranch, situated on .4-wooded acres! This quiet, low-traffic subdivision is a short walk to the elementary and high school, as well as ball fields, a creek, and a playground. The home features a huge basement with a very large family room, a hobby room with some shelving, and a utility room. The laundry is on the first floor with a counter and shelving. This home has good bones! It needs some remodeling, but some of the big-ticket items have been already done. A new heating and central air system was installed in 2023. The siding is 5-8 years old, and the roof is about 10 years old. Water softener is newer. All appliances stay (dishwasher does not work). Spend your summers grilling on the back deck overlooking your picturesque lot! There is a shed for your gardening tools and mower. And don't worry about the leaves clogging your gutters, this home has gutter guard. The two-car garage is extra-wide with some shelving. Estate sale, selling "AS IS". SELLER WILL LOOK AT OFFERS BEGINNING MONDAY, FEBRUARY 17, 12PM. Come look today, and see if this is the home you have been looking for!
Unit Size
1,544 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$172
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
-

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12287782)

Price History

Date / Event Date Event Price
Mar 5, 2025 Sold
Sold
Feb 18, 2025 In contract -
In contract
Feb 12, 2025 Listed by Patrick McNamara $265,000
Listed by Patrick McNamara

Property Highlights


Building Info

Overview

    General

  • Bedroom Count: 0
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COY PARK ESTATES
  • Land Acres: 0000000400
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LT 37 COY PARK ESTATES VILLAGE OF NEWARK

Neighborhood

  • School District Name: Newark Community High School District 18
  • Census Tract: 890703

Geography

  • Parcel: 07-06-228-004
  • Lot: 37
  • Municipality: BIG GROVE TOWNSHIP
  • Latitude: 41.5437
  • Longitude: -88.5818

    Address

  • Full Address: 1 Oak Ridge Dr
  • Address - House Number: 1
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Newark
  • Carrier Code: R001
  • 4-Digit Zip Code: 9180
  • Zip Code: 60541

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $201,508
  • Tax Rate Code Area: BG004

    Appraisal Valuation

  • Standard Deviation: 0.1102
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 88
  • Final Value: 260,561
  • High Value: 289,278
  • Low Value: 231,845

    Market Valuation

  • Market Total Value: $191,895
  • Market Land Value: $56,244
  • Market Improvement Value: $135,651

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,965
  • Assessed Land Value: $18,748
  • Assessed Improvements Value: $45,217

    Sales

  • Current Sale Contract Date: Jul 01, 1991
  • Current Sale Recording Date: Jul 01, 1991
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 915980
  • Previous Sale Recording Date: Jul 01, 1985
  • Previous Sale Contract Date: Jul 01, 1985
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 27

    Last Sale Mortgage

  • First Mortgage Lender:
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newark


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals


Frequently Asked Questions

When was property at 1 Oak Ridge Drive built and last sold?
The property at 1 Oak Ridge Drive was built in and last sold on Jul 1, 1991 for $112,000.
How much is this home worth?
The estimated value of the home located at 1 Oak Ridge Drive is $267,650.
What are some comparable homes to 1 Oak Ridge Drive?
There are currently no comparable homes to 1 Oak Ridge Drive.