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Lockport 60441
1202 Shoals Drive
$320,000
● House - Off Market

1202 Shoals Drive

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,828 Ft²
$318,208
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This charming house has much to offer including three bedrooms and two baths. The kitchen was recently updated with an open concept main floor. This  is perfect for entertaining! All three bedrooms are located on the second floor. While the lower level provides coziness and comfort with a decorative fireplace.
Unit Size
1,828 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
-

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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 #11805209)

Price History

Date / Event Date Event Price
Aug 1, 2023 Sold
Premium
Sold
Jun 10, 2023 Listed by Realty One Group Heartland $320,000
Listed by Realty One Group Heartland

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,024
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORTRIDGE UNIT #1
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 BLOCK 6 IN PORTRIDGE SUB UNIT 1, 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: 11-04-13-204-008
  • Block: 6
  • Lot: 8
  • Meridian: SEC 13 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.608
  • Longitude: -88.0341

    Address

  • Full Address: 1202 Shoals Dr
  • Legal Unit: 1
  • Address - House Number: 1202
  • Address - Street Name: Shoals
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C023
  • 4-Digit Zip Code: 2225
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $757,320
  • Tax Rate Code Area: 1114

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 361,353
  • High Value: 402,952
  • Low Value: 319,754

    Market Valuation

  • Market Total Value: $303,201
  • Market Land Value: $68,346
  • Market Improvement Value: $234,855

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,067
  • Assessed Land Value: $22,782
  • Assessed Improvements Value: $78,285

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 15, 2023
  • Current Sale Recording Date: Aug 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39304
  • Previous Sale Recording Date: Mar 31, 1997
  • Previous Sale Contract Date: Mar 28, 1997
  • Previous Sale Amount: $138,000
  • 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 Lockport

Stats & Trends

Median Asking:

$379,945

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1992 ft²

Average Home Age

25.1 years

Currently For Sale

64 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: Martha Rodriguez-De LaVega, Realty One Group Heartland
Last Updated: 3 years ago
Data Source: MRED, MLS# 11805209
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 1202 Shoals Drive built and last sold?
The property at 1202 Shoals Drive was built in and last sold on Jul 15, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 1202 Shoals Drive is $0.
What are some comparable homes to 1202 Shoals Drive?
There are currently no comparable homes to 1202 Shoals Drive.
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