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Peotone 60468
1013 Mallard Lane
$385,000
● House - Off Market

1013 Mallard Lane

Peotone, IL 60468
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,400 Ft²
$2,292
Est. Monthly
5.29%
Cap Rate

About This Property

Discover this stunning all-brick 3-bedroom, 2.5-bath ranch home with a full basement in the sought-after Gull Landing subdivision. This exquisite property boasts a heated 3-car garage, a luxurious master bedroom with two walk-in closets, and a bright sunroom. Additional features include a whole-house generator, a new roof (2019), a sprinkler system, and a new water heater. Abundant closet space throughout ensures ample storage. Ideally located near Highway 57, with easy access to restaurants and shopping. Don't miss this exceptional opportunity to own a piece of perfection!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
-

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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 #12116087)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 24, 2024 In contract -
In contract
Jul 20, 2024 Listed by Listing Leaders Northwest $379,900
Listed by Listing Leaders Northwest

Property Highlights

Air Conditioning

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
  • 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: 14,779
  • 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: GULL LANDING
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 IN GULL LANDING, BEING A SUB OF PRT OF THE NE1/4 OF SEC. 26, T33N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883904

Geography

  • Parcel: 17-20-26-202-005
  • Lot: 4
  • Meridian: SEC 26 TWN 33N RNG 12E
  • Municipality: PEOTONE
  • Latitude: 41.3243
  • Longitude: -87.811

    Address

  • Full Address: 1013 Mallard Ln
  • Address - House Number: 1013
  • Address - Street Name: Mallard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peotone
  • Carrier Code: R004
  • 4-Digit Zip Code: 8960
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $511,178
  • Tax Rate Code Area: 1705

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 333,750
  • High Value: 372,171
  • Low Value: 295,328

    Market Valuation

  • Market Total Value: $263,001
  • Market Land Value: $68,517
  • Market Improvement Value: $194,484

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,667
  • Assessed Land Value: $22,839
  • Assessed Improvements Value: $64,828

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 07, 1997
  • Current Sale Recording Date: Mar 21, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: R97-023127
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 Peotone

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2891 ft²

Average Home Age

65 years

Currently For Sale

4 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: Nick Oosting, Listing Leaders Northwest
Last Updated: 3 years ago
Data Source: MRED, MLS# 12116087
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 1013 Mallard Lane built and last sold?
The property at 1013 Mallard Lane was built in and last sold on Mar 7, 1997 for $222,500.
How much is this home worth?
The estimated value of the home located at 1013 Mallard Lane is $383,220.
What are some comparable homes to 1013 Mallard Lane?
There are currently no comparable homes to 1013 Mallard Lane.
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