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Downs 61736
101 N Gadwall Lane
$302,000
● House - Off Market

101 N Gadwall Lane

Downs, IL 61736
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,801 Ft²
$2,011
Est. Monthly
3.33%
Cap Rate

About This Property

Welcome to 101 N Gadwall Ln, Downs, IL - a charming 4 bed 3.5 bath home situated on a spacious corner lot! Recently updated, this property features a newly finished basement (2024) with an additional bedroom, full bath, media room, and office space. The main level boasts updated flooring and new carpet. Many of the rooms in the home have just been professionally painted. Enjoy modern comforts with a Bluetooth thermostat and a radon mitigation system for peace of mind. Outside, a large storage shed and an added concrete pad by the driveway provide ample storage and additional parking. The loft area offers versatile space, perfect for a playroom or study area. This move-in ready home is a must-see and is right in the heart of Downs!
Unit Size
2,801 Ft²
Days on Market
-
Land Size
-
Price per sqft
$111
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
2007

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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 #12123244)

Price History

Date / Event Date Event Price
Sep 13, 2024 Sold
Premium
Sold
Aug 7, 2024 In contract -
In contract
Jul 30, 2024 Listed by RE/MAX Rising $310,000
Listed by RE/MAX Rising

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 16,552
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALLARD POINT SUB
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: MALLARD POINT SUB LOT 1

Neighborhood

  • School District Name: Tri-Valley Community Unit School District 3
  • Census Tract: 005401

Geography

  • District: 13
  • Parcel: 29-04-104-017
  • Lot: 1
  • Meridian: SEC 04 TWN 22N RNG 03E
  • Municipality: DOWNS
  • Latitude: 40.3958
  • Longitude: -88.8776

    Address

  • Full Address: 101 N Gadwall Ln
  • Address - House Number: 101
  • Street Direction: N
  • Address - Street Name: Gadwall
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Downs
  • Carrier Code: R003
  • 4-Digit Zip Code: 9347
  • Zip Code: 61736

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $586,420
  • Tax Rate Code Area: 1301

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 289,394
  • High Value: 343,607
  • Low Value: 235,181

    Market Valuation

  • Market Total Value: $213,396
  • Market Land Value: $38,724
  • Market Improvement Value: $174,672

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,132
  • Assessed Land Value: $12,908
  • Assessed Improvements Value: $58,224

    Sales

  • Current Sale Contract Date: Mar 02, 2016
  • Current Sale Recording Date: Mar 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-00004245
  • Previous Sale Recording Date: Nov 17, 2011
  • Previous Sale Contract Date: Oct 27, 2011
  • Previous Sale Amount: $132,500
  • 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 Downs

Stats & Trends

Median Asking:

$289,500

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

41

Average Home Size

2599 ft²

Average Home Age

82 years

Currently For Sale

2 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

Rentals Near You

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MRED

Listed by: Ryan Kendrick, RE/MAX Rising
Last Updated: 3 years ago
Data Source: MRED, MLS# 12123244
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 101 North Gadwall Lane built and last sold?
The property at 101 North Gadwall Lane was built in 2007 and last sold on Mar 2, 2016 for $206,000.
How much is this home worth?
The estimated value of the home located at 101 North Gadwall Lane is $0.
What are some comparable homes to 101 North Gadwall Lane?
There are currently no comparable homes to 101 North Gadwall Lane.
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