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Montgomery 60538
1322 Royal Drive
$200,000
● House - Off Market

1322 Royal Drive

Montgomery, IL 60538
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,064 Ft²
$246,055
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Fantastic 1,064 SQ FT RANCH in Park View Estates. This home features 4 Bedrooms and 1 Bath with an oversized 2 car garage. White trim and neutral colors throughout make this home bright and move in ready. Finished basement has endless possibilities for home office space or  recreation room. Enjoy Summer days in the wonderful fenced in backyard with raised garden beds and an above ground pool. Updates include ac and furnace 2020, dishwasher 2020, Roof and front window 2019. Pool in working condition but is AS IS.
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$202
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1965

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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 #11083560)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
May 11, 2021 Listed by @properties $215,000
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,064
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,841
  • Lot Size Depth Feet: 1,278
  • Lot Size Frontage Feet: 770
  • Total Building Area: 2,632
  • Gross Building Area: 2,632
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKVIEW ESTATES
  • Land Acres: 0000000226
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: PARK VIEW ESTATES SUBDN : UNIT 3 LOT 88 LOT DIMENSIONS: 77 X 127.80 APPROX LOT SQ FT 9841 SUBDIVISION: PARKVIEW ESTATES RANGE CODE: 001

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854401

Geography

  • Parcel: 15-35-329-008
  • Lot: 88
  • Municipality: AURORA
  • Latitude: 41.7291
  • Longitude: -88.2925

    Address

  • Full Address: 1322 Royal Dr
  • Legal Unit: 3-88
  • Address - House Number: 1322
  • Address - Street Name: Royal
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Montgomery
  • Carrier Code: C002
  • 4-Digit Zip Code: 1869
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $333,880
  • Tax Rate Code Area: AU038

    Appraisal Valuation

  • Standard Deviation: 0.1488
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 240,243
  • High Value: 275,996
  • Low Value: 204,490

    Market Valuation

  • Market Total Value: $167,791
  • Market Land Value: $24,448
  • Market Improvement Value: $143,343

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,908
  • Assessed Land Value: $8,146
  • Assessed Improvements Value: $47,762

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021K066633
  • Previous Sale Recording Date: Dec 30, 2004
  • Previous Sale Contract Date: Nov 29, 2004
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: 33

    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 Montgomery

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2046 ft²

Average Home Age

21.9 years

Currently For Sale

37 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 337 Devoe Drive, Oswego, IL, 60543

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
337 Devoe Drive #337, Oswego, IL, 60543 Listing by Nikki Genthner

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Fabio Brancati, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11083560
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 1322 Royal Drive built and last sold?
The property at 1322 Royal Drive was built in 1965 and last sold on Aug 6, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 1322 Royal Drive is $216,965.
What are some comparable homes to 1322 Royal Drive?
There are currently no comparable homes to 1322 Royal Drive.
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