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Kendall 60541
13360 Newark Road
$370,000
● House - Off Market

13360 Newark Road

Newark, IL 60541
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$403,226
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

This Farmette is back on the market to no fault of its own. Don't miss out on this well-maintained Farmette! This home features spacious rooms allowing for several options to make it your own. The main floor has original hardwood floors throughout and beautiful pine wood trim, hickory cabinets in the eat-in kitchen, a family room/parlor, den that could also be used as a 4th bedroom, enclosed sun room, and a heated enclosed porch. Upstairs is the master bedroom with a walk-in closet, the remaining two bedrooms, full bath, and an additional large walk-in closet. Take advantage of the various out buildings. The property has a detached heated garage, storage with newer roofing, corn crib, grain bin, barn, and mature trees. Taxes are estimated to be $4000/YR.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$156
Property Type
House
Property Taxes
-
HOA Dues
-
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 #11332306)

Price History

Date / Event Date Event Price
Aug 15, 2022 Sold
Premium
Sold
Feb 24, 2022 Listed by Advantage Realty, Inc $390,000
Listed by Advantage Realty, Inc

Property Highlights

Garage
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: 5,907,607
  • 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
  • Land Acres: 0000135620
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: SEC. 2-35-6

Neighborhood

  • School District Name: Newark Community High School District 18
  • Census Tract: 890703

Geography

  • Parcel: 07-02-400-001
  • Meridian: SEC 02 TWN 35N RNG 06E
  • Municipality: BIG GROVE TOWNSHIP
  • Latitude: 41.537
  • Longitude: -88.5099

    Address

  • Full Address: 13360 Newark Rd
  • Address - House Number: 13360
  • Address - Street Name: Newark
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Newark
  • Carrier Code: R002
  • 4-Digit Zip Code: 9312
  • Zip Code: 60541

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $1,236,566
  • Tax Rate Code Area: BG001

    Appraisal Valuation

  • Standard Deviation: 0.1267
  • Valuation Date: May 24, 2023
  • Confidence Score: 85
  • Final Value: 576,139
  • High Value: 649,178
  • Low Value: 503,100

    Market Valuation

  • Market Total Value: $476,517
  • Market Land Value: $318,936
  • Market Improvement Value: $157,581

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $158,839
  • Assessed Land Value: $106,312
  • Assessed Improvements Value: $52,527

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13861
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 Kendall

Stats & Trends

Median Asking:

$409,900

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2307 ft²

Average Home Age

16.6 years

Currently For Sale

420 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: Erica Rath, Advantage Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11332306
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 13360 Newark Road built and last sold?
The property at 13360 Newark Road was built in and last sold on Aug 12, 2022 for $370,000.
How much is this home worth?
The estimated value of the home located at 13360 Newark Road is $0.
What are some comparable homes to 13360 Newark Road?
There are currently no comparable homes to 13360 Newark Road.
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