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Lockport 60441
1306 Argo Lane
$215,000
● House - Off Market

1306 Argo Lane

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
1 Bath
square feet
950 Ft²
$232,630
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

CUTE WELL MAINTAINED 3 BEDROOM 1 BATH RANCH IN BONNIE BRAE.  LARGE LIVING ROOM WITH HUGE PICTURE WINDOW AND CEILING FAN, KITCHEN WITH UPDATED CABINETS ALL WITH PULL OUT DRAWERS, EXTRA BUILT-INS FOR STORAGE, HUGE BAY WINDOW, TILE FLOOR, CLOSET PANTRY AND ALL APPLIANCES INCLUDING A TRASH COMPACTOR!!  3 GOOD SIZED BEDROOMS ALL WITH CLOSET ORGANIZERS AND UPDATED BATH.  ROOF WAS REPLACED (TEAR OFF) WITH A 30 YEAR ROOF IN 2007 AND HOT WATER HEATER IS APPROXIMATELY 3 YEARS.  BACKYARD IS FULLY FENCED AND HAS DECK AROUND THE ABOVE GROUND POOL - LINER WAS REPLACED 3 YEARS AGO AND HAS NOT BEEN USED SINCE AND 2 SHEDS - ONE FOR POOL STUFF AND ONE WITH BUILT IN SHELVES AND RAFTERS WITH TONS OF STORAGE.  1.5 CAR GARAGE IS HEATED AND THE BUILT-IN CABINETS WILL STAY.  CRAWL SPACE DOES HAVE SUMP PUMP.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$237
Property Type
House
Property Taxes
$142
HOA Dues
-
Year Built
1972

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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 #11449070)

Price History

Date / Event Date Event Price
Aug 10, 2022 Sold
Premium
Sold
Jun 27, 2022 Listed by Coldwell Banker Real Estate Group $225,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,759
  • Total Building Area: 1,262
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 950
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BONNIE BRAE UNIT 3
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 BLOCK 15 IN BONNIE BRAE UNIT 3, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC. 13, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880502

Geography

  • Parcel: 11-04-13-409-016
  • Block: 15
  • Lot: 17
  • Meridian: SEC 13 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5987
  • Longitude: -88.0288

    Address

  • Full Address: 1306 Argo Ln
  • Legal Unit: 3
  • Address - House Number: 1306
  • Address - Street Name: Argo
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lockport
  • Carrier Code: C016
  • 4-Digit Zip Code: 3301
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $170,362
  • Tax Rate Code Area: 1122

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 226,299
  • High Value: 258,426
  • Low Value: 194,172

    Market Valuation

  • Market Total Value: $177,678
  • Market Land Value: $67,128
  • Market Improvement Value: $110,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,226
  • Assessed Land Value: $22,376
  • Assessed Improvements Value: $36,850

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 61382
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:

$379,900

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2006 ft²

Average Home Age

27.2 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

Unit for rent at 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 812 S Jefferson Avenue, Lockport, IL, 60441

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,248 ft²
812 S Jefferson Avenue, Lockport, IL, 60441 Listing by Mia Gorkowski

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# 11449070
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 1306 Argo Lane built and last sold?
The property at 1306 Argo Lane was built in 1972 and last sold on Aug 3, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 1306 Argo Lane is $226,556.
What are some comparable homes to 1306 Argo Lane?
There are currently no comparable homes to 1306 Argo Lane.
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