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Lemont 60439
1184 Covington Drive
$432,000
● House - Off Market

1184 Covington Drive

LEMONT, IL 60439
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,339 Ft²
$715,008
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model
Unit Size
3,339 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$134
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
2001

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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 #09578385)

Price History

Date / Event Date Event Price
Sep 13, 2017 Sold
Premium
Sold
Jul 13, 2017 Listed $449,000
Listed
The manager has listed the unit size as 3339 square feet.
Mar 29, 2017 Listed by Kale Realty $449,000
Listed by Kale Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Total Building Area: 3,339
  • Gross Building Area: 3,339
  • Building Area: 3,339
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,339
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COVINGTON KNOLLS 04/GALLAGHER
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-78

Neighborhood

  • School District Name: Lemont Township High School District 210
  • Census Tract: 824003

Geography

  • District: 19
  • Parcel: 22-28-410-015-0000
  • Lot: 146
  • Municipality: LEMONT
  • Latitude: 41.6616
  • Longitude: -87.98

    Address

  • Full Address: 1184 Covington Dr
  • Address - House Number: 1184
  • Address - Street Name: Covington
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lemont
  • Carrier Code: R001
  • 4-Digit Zip Code: 8590
  • Zip Code: 60439

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $964,169
  • Tax Rate Code Area: 19006

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 585,137
  • High Value: 704,923
  • Low Value: 465,351

    Market Valuation

  • Market Total Value: $620,000
  • Market Land Value: $75,000
  • Market Improvement Value: $545,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,000
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $54,500

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Nov 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2033203081
  • Previous Sale Recording Date: Sep 20, 2017
  • Previous Sale Contract Date: Aug 28, 2017
  • Previous Sale Amount: $432,000
  • 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 Lemont

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2548 ft²

Average Home Age

29.3 years

Currently For Sale

58 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: , Kale Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09578385
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 1184 Covington Drive built and last sold?
The property at 1184 Covington Drive was built in 2001 and last sold on Oct 30, 2020 for $470,000.
How much is this home worth?
The estimated value of the home located at 1184 Covington Drive is $0.
What are some comparable homes to 1184 Covington Drive?
There are currently no comparable homes to 1184 Covington Drive.
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