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Pingree Grove 60140
1336 Summit Lane
$336,085
● House - Off Market

1336 Summit Lane

PINGREE GROVE, IL 60140
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,108 Ft²
$538,976
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

NEW CONSTRUCTION FOR SUMMER DELIVERY! Save on this quick move in home with special pricing! Beautiful Amherst home boasts 4 beds, 2.5 baths, 2-car garage, porch, owner's entry, and full basement. Open concept kitchen features new stainless steel appliances, recessed can lights, and gorgeous cabinets. Master suite with double walk-in closets. Luxurious master bath with dual bowl vanity, ceramic tile, and shower. Double vanity in hall bath too! Corner home site in the exemplary lifestyle community Cambridge Lakes- clubhouse, pools, parks, ponds, walking/jogging, exercising, and more! Exterior photo is a rendering, interior photos are of a similar home.
Unit Size
3,108 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
House
Property Taxes
-
HOA Dues
$76
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #09620694)

Price History

Date / Event Date Event Price
Aug 11, 2017 Sold
Premium
Sold
May 9, 2017 Listed by Chris Naatz $337,990
Listed by Chris Naatz

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE LAKES
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: CAMBRIDGE LAKES UNIT 25 LT 1297

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850705

Geography

  • Parcel: 02-32-202-020
  • Lot: 1297
  • Municipality: RUTLAND
  • Latitude: 42.0804
  • Longitude: -88.4392

    Address

  • Full Address: 1336 Summit Ln
  • Legal Unit: 25
  • Address - House Number: 1336
  • Address - Street Name: Summit
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Pingree Grove
  • Carrier Code: R012
  • 4-Digit Zip Code: 2114
  • Zip Code: 60140

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $209,550
  • Tax Rate Code Area: RU086

    Appraisal Valuation

  • Standard Deviation: 0.1348
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 84
  • Final Value: 465,285
  • High Value: 528,028
  • Low Value: 402,542

    Market Valuation

  • Market Total Value: $365,474
  • Market Land Value: $77,014
  • Market Improvement Value: $288,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $121,776
  • Assessed Land Value: $25,661
  • Assessed Improvements Value: $96,115

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2017
  • Current Sale Recording Date: Aug 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017K044465

    Financing

  • First Mortgage Financing Type: FIX
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 Pingree Grove

Stats & Trends

Median Asking:

$352,500

Sale Price/ft²

$186

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2056 ft²

Average Home Age

15.4 years

Currently For Sale

26 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: , Chris Naatz
Last Updated: 3 years ago
Data Source: MRED, MLS# 09620694
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 1336 Summit Lane built and last sold?
The property at 1336 Summit Lane was built in and last sold on Jul 31, 2017 for $336,500.
How much is this home worth?
The estimated value of the home located at 1336 Summit Lane is $351,225.
What are some comparable homes to 1336 Summit Lane?
There are currently no comparable homes to 1336 Summit Lane.
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