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Homer 61849
111 KAY Drive
$125,000
● House - Off Market

111 KAY Drive

Homer, IL 61849
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$130,608
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Enjoy beautiful sunsets over fields in this move in ready home on the edge of town. So much love and care has gone into making this home ready for new owners. New paint, flooring, front door, roof (2020), furnace and A/C (2020), and remodeled bathroom are all taken care of for worry free maintenance. The backyard is large and fully fenced with a firepit to enjoy at night. Three bedrooms, including a large master suite, and an attached garage complete this home.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$124
Property Type
House
Property Taxes
$177
HOA Dues
-
Year Built
1993

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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 #11691017)

Price History

Date / Event Date Event Price
Feb 27, 2023 Sold
Premium
Sold
Dec 26, 2022 Listed by eXp Realty,LLC-Maho $125,000
Listed by eXp Realty,LLC-Maho

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,008
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 106
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,806
  • Total Building Area: 2,352
  • Gross Building Area: 2,352
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTVIEW SUB
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 5 WESTVIEW SUB BK. Z PG. 172 AND OTHER LAND

Neighborhood

  • School District Name: Heritage Community Unit School District 8
  • School Tax School District: 101
  • Census Tract: 010800

Geography

  • District: 26
  • Parcel: 26-30-08-128-013
  • Lot: 5
  • Meridian: SEC 08 TWN 18N RNG 14W
  • Municipality: SOUTH HOMER
  • Latitude: 40.0377
  • Longitude: -87.9689

    Address

  • Full Address: 111 Kay Dr
  • Address - House Number: 111
  • Address - Street Name: Kay
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Homer
  • Carrier Code: R041
  • 4-Digit Zip Code: 1244
  • Zip Code: 61849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $227,304
  • Tax Rate Code Area: 2650

    Appraisal Valuation

  • Standard Deviation: 0.2682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 134,406
  • High Value: 170,463
  • Low Value: 98,348

    Market Valuation

  • Market Total Value: $100,830
  • Market Land Value: $17,160
  • Market Improvement Value: $83,670

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,610
  • Assessed Land Value: $5,720
  • Assessed Improvements Value: $27,890

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2300
  • Previous Sale Recording Date: Sep 24, 2009
  • Previous Sale Contract Date: Sep 23, 2009
  • Previous Sale Amount: $88,000
  • 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 Homer

Stats & Trends

Median Asking:

$123,000

Sale Price/ft²

$90

Below Asking

0.09%

Average Days on Market

64

Average Home Size

1515 ft²

Average Home Age

116 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: Nate Evans, eXp Realty,LLC-Maho
Last Updated: 3 years ago
Data Source: MRED, MLS# 11691017
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 Kay Drive built and last sold?
The property at 111 Kay Drive was built in 1993 and last sold on Feb 27, 2023 for $125,000.
How much is this home worth?
The estimated value of the home located at 111 Kay Drive is $126,250.
What are some comparable homes to 111 Kay Drive?
There are currently no comparable homes to 111 Kay Drive.
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