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Zion 60099 Stonebridge Crossing
1407 Reed Road
$365,000
● House - Off Market

1407 Reed Road

Zion, IL 60099
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,675 Ft²
$2,868
Est. Monthly
$25
HOA / Fees
8.37%
Cap Rate

About This Property

Well Updated AVS 2-Story home with over 3600 sqft. with a 2C-Garage and a full unfinished basement, located in the Stonebridge Crossings Subdivision. Featuring an updated Kitchen with new granite tops and new SS Appliances. Eat in area with sliding door to a Brick paver patio. New 2.5 Baths with Ceramic tiles. Freshly painted and new carpeting installed. New LVP flooring on main floor. Main floor has an extra room for home office. 2nd flr with open loft area. Large primary bedroom with sitting area, full bath with tub, separate shower and walk-in closet. New Matte Black plumbing and electrical fixtures. New HVAC system and HWH. This is a HomePath Property!
Unit Size
3,675 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
$1,099
HOA Dues
$25
Year Built
2006

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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 #11870899)

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold
Premium
Sold
Aug 28, 2023 Listed by Goldtree Realty, Inc $355,000
Listed by Goldtree Realty, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,302
  • Garage Type: 1
  • Garage Square Area: 641
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,420
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 700
  • Total Building Area: 5,618
  • Gross Building Area: 5,618
  • Building Area: 3,675
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,675
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEBRIDGE CROSSING SUB
  • Land Acres: 0000000354
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: STONEBRIDGE CROSSING SUB; LOT 48

Neighborhood

  • School District Name: Zion-Benton Township High School District 126
  • Census Tract: 860106

Geography

  • District: ZION
  • Parcel: 04-18-103-059
  • Lot: 48
  • Municipality: TWP OF ZION
  • Latitude: 42.4695
  • Longitude: -87.8766

    Address

  • Full Address: 1407 Reed Rd
  • Address - House Number: 1407
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Zion
  • Carrier Code: R001
  • 4-Digit Zip Code: 9520
  • Zip Code: 60099

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,318,896
  • Tax Rate Code Area: 2001

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 342,134
  • High Value: 372,959
  • Low Value: 311,310

    Market Valuation

  • Market Total Value: $332,562
  • Market Land Value: $61,599
  • Market Improvement Value: $270,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,843
  • Assessed Land Value: $20,531
  • Assessed Improvements Value: $90,312

    Sales

  • Current Sale Contract Date: Jan 08, 2024
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 8014454
  • Previous Sale Recording Date: Dec 04, 2006
  • Previous Sale Contract Date: Oct 25, 2006
  • Previous Sale Amount: $332,500
  • Previous Sale Document Type: 68
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 Stonebridge Crossing

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$159

Above Asking

0.00%

Average Days on Market

62

Average Home Size

2264 ft²

Average Home Age

21 years

Currently For Sale

1 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 1515 Anderson Trail, Zion, IL, 60099

$2,375 /mo

  • 3 Beds
  • 1 Bath
  • 1,650 ft²
1515 Anderson Trail, Zion, IL, 60099 Listing by Courtney Caraway

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carol Reinwald, Goldtree Realty, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11870899
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 1407 Reed Road built and last sold?
The property at 1407 Reed Road was built in 2006 and last sold on Jan 8, 2024 for $365,000.
How much is this home worth?
The estimated value of the home located at 1407 Reed Road is $0.
What are some comparable homes to 1407 Reed Road?
There are currently no comparable homes to 1407 Reed Road.
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