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Lexington 61753
111 Babette Drive
$211,000
● House - Off Market

111 Babette Drive

Lexington, IL 61753
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$189,954
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Rare opportunity to purchase a 3 bedroom ranch in the beautiful South Ridge Estates subdivision. Good room sizes, lots of natural light, & tons of high-end tile work.  HUGE eat-in kitchen with plenty of counter space & all appliances remaining. Front room currently used as dinning space would also make a great living room. Master includes full bath with walk-in shower - remarkable tile work! Hall bath will also WOW you & includes whirlpool tub with shower. Family room with access to beautiful corner lot. Washer / dryer & storage shed to remain. 21' x 22' attached garage with built-in storage & finished walls. NEW ROOF scheduled to be installed prior to closing!!! You will LOVE this area & neighborhood, don't miss out!
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$114
Property Type
House
Property Taxes
$338
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.

Last updated: 3 years ago (MRED MLS #11652525)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Oct 13, 2022 Listed by BHHS Central Illinois REALTORS $180,000
Listed by BHHS Central Illinois REALTORS

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: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,374
  • Total Building Area: 1,581
  • Gross Building Area: 1,581
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH RIDGE ESTATES
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH RIDGE ESTATES SUB LOT 39

Neighborhood

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

Geography

  • District: 20
  • Parcel: 09-08-352-014
  • Lot: 39
  • Meridian: SEC 08 TWN 25N RNG 04E
  • Municipality: LEXINGTON
  • Latitude: 40.6357
  • Longitude: -88.7798

    Address

  • Full Address: 111 Babette Dr
  • Address - House Number: 111
  • Address - Street Name: Babette
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lexington
  • Carrier Code: R002
  • 4-Digit Zip Code: 1705
  • Zip Code: 61753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $489,206
  • Tax Rate Code Area: 2001

    Appraisal Valuation

  • Standard Deviation: 0.2743
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 218,997
  • High Value: 279,072
  • Low Value: 158,921

    Market Valuation

  • Market Total Value: $180,123
  • Market Land Value: $14,118
  • Market Improvement Value: $166,005

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,041
  • Assessed Land Value: $4,706
  • Assessed Improvements Value: $55,335

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21095
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: Amanda Kinsella, BHHS Central Illinois REALTORS
Last Updated: 3 years ago
Data Source: MRED, MLS# 11652525
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 111 Babette Drive built and last sold?
The property at 111 Babette Drive was built in 1978 and last sold on Nov 18, 2022 for $211,000.
How much is this home worth?
The estimated value of the home located at 111 Babette Drive is $187,307.
What are some comparable homes to 111 Babette Drive?
There are currently no comparable homes to 111 Babette Drive.
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