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Braidwood 60408
1046 Madison Avenue
$399,000
● House - Off Market

1046 Madison Avenue

Braidwood, IL 60408
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,000 Ft²
$2,628
Est. Monthly
7.61%
Cap Rate

About This Property

Gorgeous 3000 square foot four bedroom /3bath home features great room w/ vaulted ceilings, spacious gourmet kitchen, master suite with walk in closet & luxury bath, 19x26 LL recreation room, LL office(could be 5th bed), luxury vinyl plank flooring, lower level "in floor" radiant heat, heated garage, in ground pool and pool house w/ 1/2 bath, elevated covered rear trex deck, stamped concrete patio, in ground irrigation system, PVC fencing, SS appliances stay, custom built and in mint condition!  move in ready! easy to show
Unit Size
3,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$666
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.

Property Highlights

Garage
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: 10,890
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 730
  • 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: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HICKORY TRAILS
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 IN HICKORY TRAILS SUB, BEING A SUB OF LOTS 3 THRU 10 IN BLOCK 1, LOTS 1 THRU 10 IN BLOCK 2, LOTS 1 2 IN BLOCK 7, LOT

Neighborhood

  • School District Name: Reed Custer Community Unit School District 255U
  • Census Tract: 884003

Geography

  • Parcel: 02-24-07-104-028
  • Block: 1
  • Lot: 1,1,10
  • Meridian: SEC 07 TWN 32N RNG 09E
  • Municipality: REED TWP
  • Latitude: 41.2737
  • Longitude: -88.2401

    Address

  • Full Address: 1046 Madison Ave
  • Address - House Number: 1046
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Braidwood
  • Carrier Code: R001
  • 4-Digit Zip Code: 1492
  • Zip Code: 60408

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $730,690
  • Tax Rate Code Area: 0207

    Appraisal Valuation

  • Standard Deviation: 0.1455
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 392,719
  • High Value: 449,883
  • Low Value: 335,554

    Market Valuation

  • Market Total Value: $337,188
  • Market Land Value: $51,069
  • Market Improvement Value: $286,119

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $112,396
  • Assessed Land Value: $17,023
  • Assessed Improvements Value: $95,373

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2015
  • Current Sale Recording Date: Aug 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2015066989
  • Previous Sale Recording Date: Jan 18, 2006
  • Previous Sale Contract Date: Dec 23, 2005
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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 Braidwood

Stats & Trends

Median Asking:

$269,000

Sale Price/ft²

$194

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1221 ft²

Average Home Age

26.3 years

Currently For Sale

21 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: Christopher Shell, Pro Real Estate
Data Source: MRED, MLS# MRD12263824
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 1046 Madison Avenue built and last sold?
The property at 1046 Madison Avenue was built in and last sold on Jul 31, 2015 for $257,500.
How much is this home worth?
The estimated value of the home located at 1046 Madison Avenue is $410,366.
What are some comparable homes to 1046 Madison Avenue?
There are currently no comparable homes to 1046 Madison Avenue.
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