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Glenwood 60425
116 S Spruce Lane
$178,000
● House - Off Market

116 S Spruce Lane

Glenwood, IL 60425
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,445 Ft²
$171,869
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Beautiful 4 bedroom, 2 bathroom in a lovely neighborhood. Move in ready, needs no apologies. 2.5 car detached garage! Has a spacious deck for your outdoor enjoyment. Well maintained inside and out. Strip mall with convenience stores within walking distance. Close to I-394. Property being sold as-is.
Unit Size
1,445 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$118
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1967

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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 #11320968)

Price History

Date / Event Date Event Price
Jun 23, 2022 Sold
Premium
Sold
Feb 9, 2022 Listed by Addison Clark Real Estate, LLC $169,900
Listed by Addison Clark Real Estate, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,160
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 600
  • Total Building Area: 775
  • Gross Building Area: 775
  • Building Area: 775
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 775
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIFTH ADD TO GLENWOOD GARDENS
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (FIFTH) ADD TO (GLENWOOD) (GARDENS) SUB OF PT EH SE SEC 03-35-14

Neighborhood

  • School District Name: Bloom Township High School District 206
  • Census Tract: 828702

Geography

  • District: 12
  • Parcel: 32-03-403-035-0000
  • Lot: 247
  • Meridian: SEC 03 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5439
  • Longitude: -87.6006

    Address

  • Full Address: 116 S Spruce Ln
  • Address - House Number: 116
  • Street Direction: S
  • Address - Street Name: Spruce
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glenwood
  • Carrier Code: C005
  • 4-Digit Zip Code: 1739
  • Zip Code: 60425

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $424,726
  • Tax Rate Code Area: 12016

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 168,173
  • High Value: 185,177
  • Low Value: 151,169

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $28,560
  • Market Improvement Value: $121,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,856
  • Assessed Improvements Value: $12,144

    Sales

  • Current Sale Contract Date: Jun 11, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21323
  • Previous Sale Recording Date: Mar 15, 2005
  • Previous Sale Contract Date: Feb 24, 2005
  • Previous Sale Amount: $135,000
  • 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 Glenwood

Stats & Trends

Median Asking:

$212,450

Sale Price/ft²

$141

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1395 ft²

Average Home Age

56.3 years

Currently For Sale

43 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: Melissa Johnson, Addison Clark Real Estate, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11320968
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 Spruce Lane built and last sold?
The property at 116 Spruce Lane was built in 1967 and last sold on Jun 11, 2022 for $178,000.
How much is this home worth?
The estimated value of the home located at 116 Spruce Lane is $173,091.
What are some comparable homes to 116 Spruce Lane?
There are currently no comparable homes to 116 Spruce Lane.
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