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Lanark 61046
Undisclosed Address
$61,000
● House - Off Market

Undisclosed Address

Lanark, IL 61046
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,694 Ft²
$481
Est. Monthly
Unit Size
1,694 Ft²
Days on Market
-
Land Size
-
Price per sqft
$38
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
2004

Payment Calculator

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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: 2004
  • Effective Year Built: 2004
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 896
  • Garage Type: 10
  • Garage Square Area: 798
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,095
  • Total Building Area: 1,694
  • Building Area: 1,694
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,694
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRWINS ADT
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • Legal Description 1: S 1/2 LOT 1 BLK 2 R IRWIN'S ADT.

Neighborhood

  • School District Name: Eastland Community Unit School District 308
  • Census Tract: 960100

Geography

  • District: 06001
  • Parcel: 06-10-05-402-004
  • Block: 2
  • Lot: 1
  • Municipality: ROCK CREEK/LIMA TWP
  • Latitude: 42.1027
  • Longitude: -89.8283

    Address

  • Full Address: 116 N High St
  • Address - House Number: 116
  • Street Direction: N
  • Address - Street Name: High
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lanark
  • Carrier Code: C001
  • 4-Digit Zip Code: 1116
  • Zip Code: 61046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $155,092
  • Tax Rate Code Area: 06001

    Appraisal Valuation

  • Standard Deviation: 0.177
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 77
  • Final Value: 128,573
  • High Value: 151,340
  • Low Value: 105,806

    Market Valuation

  • Market Total Value: $90,150
  • Market Land Value: $4,470
  • Market Improvement Value: $85,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,047
  • Assessed Land Value: $1,490
  • Assessed Improvements Value: $28,557

    Sales

  • Current Sale Recording Date: Jan 22, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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 Lanark

Stats & Trends

Median Asking:

$99,900

Sale Price/ft²

$63

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1400 ft²

Average Home Age

123 years

Currently For Sale

1 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: Frank Rusin, Four Seasons Realty, Inc.
Data Source: MRED, MLS# MRD12518162
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 116 North High Street built and last sold?
The property at 116 North High Street was built in 2004 and last sold on Jan 1, 1970 for $56,000.
How much is this home worth?
The estimated value of the home located at 116 North High Street is $0.
What are some comparable homes to 116 North High Street?
There are currently no comparable homes to 116 North High Street.
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