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Wilmington 60481
1220 Park Drive
$229,900
● House - Off Market

1220 Park Drive

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$1,405
Est. Monthly
12.55%
Cap Rate
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$135
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,164
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 770
  • 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: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LA VITA SHORES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 51 IN LAVITA SHORES UNIT 1, BEING A SUB OF PRT OF THE W1/2 SW1/4 SEC 36, T33N-R9E.

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 883401

Geography

  • Parcel: 03-17-36-303-024
  • Lot: 51
  • Meridian: SEC 36 TWN 33N RNG 09E
  • Municipality: WILMINGTON
  • Latitude: 41.293
  • Longitude: -88.1478

    Address

  • Full Address: 1220 Park Dr
  • Legal Unit: 1
  • Address - House Number: 1220
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 1541
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $332,950
  • Tax Rate Code Area: 0302

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 230,210
  • High Value: 270,228
  • Low Value: 190,192

    Market Valuation

  • Market Total Value: $162,294
  • Market Land Value: $38,337
  • Market Improvement Value: $123,957

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,098
  • Assessed Land Value: $12,779
  • Assessed Improvements Value: $41,319

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2011
  • Current Sale Recording Date: Jul 13, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2011064440
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 Wilmington

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1640 ft²

Average Home Age

37 years

Currently For Sale

8 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: Micah Kirstein, john greene, Realtor
Data Source: MRED, MLS# MRD12436907
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 1220 Park Drive built and last sold?
The property at 1220 Park Drive was built in 1976 and last sold on Jun 30, 2011 for $142,500.
How much is this home worth?
The estimated value of the home located at 1220 Park Drive is $0.
What are some comparable homes to 1220 Park Drive?
There are currently no comparable homes to 1220 Park Drive.
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