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Lockport 60441
1113 Keywest Drive
$255,000
● House - Off Market

1113 Keywest Drive

LOCKPORT, IL 60441
bedrooms
4 Beds
bathrooms
3 Baths
$510,408
RealtyHop Estimate
89.11%
Since Aug 1, 2008
National-US
Primary Model

About This Property

Not your typical  split level w/sub-basement. There is a 5 year old addition with main floor master bedroom & bath and sun room/living area w/sep. entrance. The kitchen has been  completely remodeled with custom Italian cabinets, granite  countertops and stainless steel appliances & fam. rm. w/natural & gas stone frpl. Newer windows, roof, furnace, water heater and carpet. There is a fenced yard and patio.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1977

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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

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 500
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,848
  • Building Area: 1,844
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,844
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORTRIDGE UNIT #1
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 BLOCK 8 IN PORTRIDGE SUB UNIT 8, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC. 13, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880502

Geography

  • Parcel: 11-04-13-203-001
  • Block: 8
  • Lot: 3
  • Meridian: SEC 13 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.6094
  • Longitude: -88.0348

    Address

  • Full Address: 1113 Key West Dr
  • Legal Unit: 8
  • Address - House Number: 1113
  • Address - Street Name: Key West
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C023
  • 4-Digit Zip Code: 2267
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $850,688
  • Tax Rate Code Area: 1114

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 344,876
  • High Value: 399,782
  • Low Value: 289,970

    Market Valuation

  • Market Total Value: $308,337
  • Market Land Value: $68,346
  • Market Improvement Value: $239,991

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $102,779
  • Assessed Land Value: $22,782
  • Assessed Improvements Value: $79,997

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2014
  • Current Sale Recording Date: Apr 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2014026057
  • Previous Sale Recording Date: Jul 25, 2008
  • Previous Sale Contract Date: Jul 14, 2008
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Lockport

Stats & Trends

Median Asking:

$379,990

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2086 ft²

Average Home Age

31.7 years

Currently For Sale

67 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

Unit for rent at 557 E Division Street, Lockport, IL, 60441

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
557 E Division Street #2, Lockport, IL, 60441 Listing by Michael Scanlon
Unit for rent at 14849 S Hillside Drive, Lockport, IL, 60441

$3,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,767 ft²
14849 S Hillside Drive #14849, Lockport, IL, 60441 Listing by Waqar Riaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Eileen Lunter, CRS,GRI, RE/MAX Team 2000
Data Source: MRED, MLS# MRD06560407
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 1113 Key West Drive built and last sold?
The property at 1113 Key West Drive was built in 1977 and last sold on Feb 22, 2014 for $185,000.
How much is this home worth?
The estimated value of the home located at 1113 Key West Drive is $272,599.
What are some comparable homes to 1113 Key West Drive?
There are currently no comparable homes to 1113 Key West Drive.
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