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Ogle 61061
1371 N Mongan Drive
$387,500
● House - Off Market

1371 N Mongan Drive

Oregon, IL 61061
bedrooms
Studio
bathrooms
3 Baths
square feet
3,529 Ft²
$2,480
Est. Monthly
2.84%
Cap Rate

About This Property

You can't help but fall in love with this designer ranch home of exceptional quality! Distinctively different as a Double Envelope Custom one owner home! Located just a few minutes from downtown Oregon, but with privacy plus! Perfectly positioned on 5 wooded Park like acres. Beautifully landscaped fenced in yard. Huge kitchen w/Granite countertops, Formal Dining Room, sliders to open sunny enclosed living areas, dramatic Living Room features a stunning stone fireplace, 3-4 brs, 2.5 baths, Office, Den, Family Room, Rec Room with Pella Windows, new roof in 2024, Trek decking w solid planking. Lots of light & space throughout! Parking for 4 cars plus a large Gazebo w screens and windows...Perfect for entertaining! This is the first time this property has been offered and it will go fast! Call today!
Unit Size
3,529 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$110
Property Type
House
Property Taxes
$577
HOA Dues
-
Year Built
1987

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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: 2 years ago (MRED MLS #12139154)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Premium
Sold
Oct 29, 2024 In contract -
In contract
Oct 17, 2024 Price Decreased $387,500
↓ $12K (3.1%)
Price Decreased
Sep 18, 2024 Listed by RE/MAX of Rock Valley $399,900
Listed by RE/MAX of Rock Valley

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,372
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK LANE SUB
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK:10 TWP:24 SECT/LOT:33 LOT 3 OAK LANE SUB

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 960900

Geography

  • District: 21
  • Parcel: 09-33-302-001
  • Block: 10
  • Lot: 3,33
  • Meridian: SEC 33 TWN 24 RNG 10
  • Municipality: ROCKVALE
  • Latitude: 42.0335
  • Longitude: -89.3526

    Address

  • Full Address: 1371 Mongan Dr
  • Address - House Number: 1371
  • Address - Street Name: Mongan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oregon
  • Carrier Code: R003
  • 4-Digit Zip Code: 8700
  • Zip Code: 61061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $675,700
  • Tax Rate Code Area: 2140

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 74
  • Final Value: 336,809
  • High Value: 400,943
  • Low Value: 272,676

    Market Valuation

  • Market Total Value: $271,101
  • Market Land Value: $59,670
  • Market Improvement Value: $211,431

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,367
  • Assessed Land Value: $19,890
  • Assessed Improvements Value: $70,477
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 Ogle

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$145

Above Asking

8.14%

Average Days on Market

49

Average Home Size

2063 ft²

Average Home Age

62.6 years

Currently For Sale

99 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: Carla Benesh, RE/MAX of Rock Valley
Last Updated: 2 years ago
Data Source: MRED, MLS# 12139154
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 1371 Mongan Drive built and last sold?
The property at 1371 Mongan Drive was built in 1987 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1371 Mongan Drive is $391,375.
What are some comparable homes to 1371 Mongan Drive?
There are currently no comparable homes to 1371 Mongan Drive.
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