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Crete 60417
1273 Douglas Lane
$264,900
● House - Off Market

1273 Douglas Lane

Crete, IL 60417
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$1,879
Est. Monthly
9.16%
Cap Rate

About This Property

This two story home is absolutely stunning! Come see the BRAND NEW, beautifully done Landscaping and Concrete work! This home features 4 bedrooms, 2.5 baths, a spacious family room, and a sub-basement, awaiting your personal touch. As you enter, you'll be greeted by solid hardwood flooring that flows seamlessly through the open-concept living and dining area. Upstairs, the primary suite includes a private powder room, complemented by two additional bedrooms and a full bathroom. The lower level offers a 4th bedroom room, convenient laundry area, and another full bath. The unfinished sub-basement provides excellent potential for additional living space or storage. Attached garage includes ample storage. Come see the new concrete sidewalk AND patio! For full price offer, owner will put in a NEW WIDER DRIVEWAY! WOW!!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$204
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1960

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 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: 8
  • Basement Area: 550
  • Garage Type: 1
  • Garage Square Area: 216
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,450
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,464
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCHRANZ
  • Land Acres: 0000000220
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 IN SCHRANZ SUB, BEING A SUB OF PRT OF THE SE1/4 OF SEC 9, T34N-R14E

Neighborhood

  • School District Name: Crete-Monee Community Unit School District 201-U
  • Census Tract: 883811

Geography

  • Parcel: 23-15-09-402-003
  • Lot: 6
  • Meridian: SEC 09 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4473
  • Longitude: -87.6225

    Address

  • Full Address: 1273 Douglas Ln
  • Address - House Number: 1273
  • Address - Street Name: Douglas
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Crete
  • Carrier Code: C004
  • 4-Digit Zip Code: 2304
  • Zip Code: 60417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $681,472
  • Tax Rate Code Area: 2325

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 234,569
  • High Value: 267,871
  • Low Value: 201,268

    Market Valuation

  • Market Total Value: $174,642
  • Market Land Value: $26,460
  • Market Improvement Value: $148,182

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,214
  • Assessed Land Value: $8,820
  • Assessed Improvements Value: $49,394

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Apr 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021041319
  • Previous Sale Recording Date: Jul 26, 2004
  • Previous Sale Contract Date: Jun 18, 2004
  • Previous Sale Amount: $161,000
  • 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 Crete

Stats & Trends

Median Asking:

$294,950

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2748 ft²

Average Home Age

51.1 years

Currently For Sale

32 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: Michael Scanlon, eXp Realty, LLC
Data Source: MRED, MLS# MRD12307765
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 1273 Douglas Lane built and last sold?
The property at 1273 Douglas Lane was built in 1960 and last sold on Mar 12, 2021 for $132,000.
How much is this home worth?
The estimated value of the home located at 1273 Douglas Lane is $264,712.
What are some comparable homes to 1273 Douglas Lane?
There are currently no comparable homes to 1273 Douglas Lane.
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