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Lexington 61753
105 Melissa Drive
$300,000
● House - Off Market

105 Melissa Drive

Lexington, IL 61753
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,673 Ft²
$2,011
Est. Monthly
10.71%
Cap Rate

About This Property

This stunning 4 bed 2.5 bath home offers modern updates and spacious living on a large lot with no backyard neighbor; giving country like setting and privacy. The property boasts a new roof and gutters in 2024. Inside, you'll find thoughtfully updated finished throughout, creating a fresh ambiance. The large lot provides outdoor space for recreation, entertains and making it the perfect homes for comfort and style. Come make this home yours.       *All information deemed accurate but not warranted
Unit Size
2,673 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$116
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1978

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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

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 1,696
  • Gross Building Area: 1,696
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH RIDGE ESTATES
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 10 & N 1/2 LOT 11 SOUTH RIDGE ESTATES

Neighborhood

  • School District Name: Lexington Community Unit School District 7
  • Census Tract: 005700

Geography

  • District: 20
  • Parcel: 09-08-354-009
  • Lot: 10,11
  • Meridian: SEC 08 TWN 25N RNG 04E
  • Municipality: LEXINGTON
  • Latitude: 40.6366
  • Longitude: -88.7792

    Address

  • Full Address: 105 Melissa Dr
  • Address - House Number: 105
  • Address - Street Name: Melissa
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lexington
  • Carrier Code: R002
  • 4-Digit Zip Code: 1711
  • Zip Code: 61753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $541,302
  • Tax Rate Code Area: 2001

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 268,993
  • High Value: 319,097
  • Low Value: 218,890

    Market Valuation

  • Market Total Value: $197,388
  • Market Land Value: $14,352
  • Market Improvement Value: $183,036

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,796
  • Assessed Land Value: $4,784
  • Assessed Improvements Value: $61,012

    Sales

  • Current Sale Contract Date: Aug 28, 2014
  • Current Sale Recording Date: Sep 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014-00015563
  • Previous Sale Recording Date: Jul 20, 2009
  • Previous Sale Contract Date: Jul 07, 2009
  • Previous Sale Amount: $159,000
  • 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 Lexington

Stats & Trends

Median Asking:

$262,500

Sale Price/ft²

$146

Below Asking

0.01%

Average Days on Market

36

Average Home Size

2892 ft²

Average Home Age

24.5 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

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MRED

Listed by: Katie Golliday, Keller Williams Revolution
Data Source: MRED, MLS# MRD12441095
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 105 Melissa Drive built and last sold?
The property at 105 Melissa Drive was built in 1978 and last sold on Aug 28, 2014 for $180,000.
How much is this home worth?
The estimated value of the home located at 105 Melissa Drive is $0.
What are some comparable homes to 105 Melissa Drive?
There are currently no comparable homes to 105 Melissa Drive.
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