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Lockport 60441
1218 PORTER Place
$279,000
● House - Off Market

1218 PORTER Place

LOCKPORT, IL 60441
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,215 Ft²
$456,369
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

LARGE 4 BEDROOM, 4 BATH QUAD LEVEL BACKING UP TO THE LOCKPORT HIGH SCHOOL GOLF COURSE IN FIRST ACRES SUBDIVISION.  HUGE LIVING ROOM WITH WOODBURNING FIREPLACE, SEPARATE DINING ROOM, KITCHEN WITH DOUBLE OVEN, TONS OF CABINETS, GRANITE COUNTERS AND LARGE TABLE AREA OVERLOOKING THE YARD AND GOLF COURSE AREA.  LOWER LEVEL HAS FAMILY ROOM WITH SLIDING GLASS DOORS TO THE BACK YARD, LAUNDRY ROOM AND FULL BATH.  UPSTAIRS MASTER WITH BALCONY, FULL UPDATED BATH AND WALK-IN CLOSET.  BEDROOM 2 IS CURRENTLY BEING USED AS A NURSERY/OFFICE OFF THE MASTER BUT WILL BE RETURNED TO ITS OWN ROOM.  SUB-BASEMENT IS PARTIALLY FINISHED WITH LARGE PLAYROOM, FULL BATH AND SAUNA.  NEWER WATER HEATER, ROOF, CONCRETE DRIVEWAY, BATHS AND KITCHEN.
Unit Size
2,215 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1980

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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 #09496048)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Feb 4, 2017 Listed by Coldwell Banker Real Estate Group $279,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 8
  • Bedroom Count: 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,480
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 790
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ACRES
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 19 BLOCK 1 IN FIRST ACRES, BEING A SUB OF PRTS OF THE SW1/4 THE SE1/4 OF SEC 24, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880601

Geography

  • Parcel: 11-04-24-402-026
  • Block: 1
  • Lot: 19
  • Meridian: SEC 24 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5854
  • Longitude: -88.0309

    Address

  • Full Address: 1218 Porter Pl
  • Address - House Number: 1218
  • Address - Street Name: Porter
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lockport
  • Carrier Code: C005
  • 4-Digit Zip Code: 3804
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $922,450
  • Tax Rate Code Area: 1112

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 389,354
  • High Value: 445,845
  • Low Value: 332,863

    Market Valuation

  • Market Total Value: $318,606
  • Market Land Value: $75,258
  • Market Improvement Value: $243,348

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,202
  • Assessed Land Value: $25,086
  • Assessed Improvements Value: $81,116

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2017
  • Current Sale Recording Date: May 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017039024
  • Previous Sale Recording Date: Aug 29, 2006
  • Previous Sale Contract Date: Jul 28, 2006
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2118 ft²

Average Home Age

31.3 years

Currently For Sale

73 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 752 Rosanne Street, Lockport, IL, 60441

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,890 ft²
752 Rosanne Street, Lockport, IL, 60441 Listing by Grazyna Pawlikowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Susan Dufault, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09496048
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 1218 Porter Place built and last sold?
The property at 1218 Porter Place was built in 1980 and last sold on Apr 28, 2017 for $279,000.
How much is this home worth?
The estimated value of the home located at 1218 Porter Place is $291,194.
What are some comparable homes to 1218 Porter Place?
There are currently no comparable homes to 1218 Porter Place.
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