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Lincoln 62656
1418 3rd Street
$122,500
● House - Off Market

1418 3rd Street

Lincoln, IL 62656
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,288 Ft²
$129,901
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Adorable 3 Bedroom/2 Bath Ranch Home! Great open living/dining/kitchen concept with plenty of natural light. Newer wood laminate floor in living room and dining area. Tiled Kitchen includes breakfast bar, refrigerator, stove/oven, dishwasher, and microwave. Convenient desk and storage area complete the room. Through the living room are 2 carpeted bedrooms and a full bath. The master suite and its bath are located at the back of the home. Tiled laundry area with sink. Front and back covered porches, 2-car detached garage, and fenced back yard. Newer wood laminate flooring ('20). Central air ('19).
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$97
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
-

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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 #11461117)

Price History

Date / Event Date Event Price
Sep 1, 2022 Sold
Premium
Sold
Jul 11, 2022 Listed by Keller Williams Revolution $124,900
Listed by Keller Williams Revolution

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: 6,098
  • 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: MARTIN FULTZ SUB DIV
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 12-3297 LOT 5 MARTIN FULTZ SUB DIV.

Neighborhood

  • School District Name: Lincoln Elementary School District 27
  • Census Tract: 953400

Geography

  • District: 12
  • Parcel: 12-655-005-00
  • Lot: 5
  • Municipality: WEST LINCOLN
  • Latitude: 40.1453
  • Longitude: -89.3848

    Address

  • Full Address: 1418 3rd St
  • Address - House Number: 1418
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lincoln
  • Carrier Code: C002
  • 4-Digit Zip Code: 2224
  • Zip Code: 62656

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $319,086
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.2777
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 60
  • Final Value: 137,520
  • High Value: 175,712
  • Low Value: 99,328

    Market Valuation

  • Market Total Value: $121,440
  • Market Land Value: $10,920
  • Market Improvement Value: $110,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,480
  • Assessed Land Value: $3,640
  • Assessed Improvements Value: $36,840

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022003523
  • Previous Sale Recording Date: Mar 22, 2021
  • Previous Sale Contract Date: Mar 18, 2021
  • Previous Sale Amount: $113,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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 Lincoln

Stats & Trends

Median Asking:

$117,500

Sale Price/ft²

$98

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1517 ft²

Average Home Age

123.3 years

Currently For Sale

4 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: Jeff Reedy, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11461117
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 1418 3rd Street built and last sold?
The property at 1418 3rd Street was built in and last sold on Sep 1, 2022 for $122,500.
How much is this home worth?
The estimated value of the home located at 1418 3rd Street is $0.
What are some comparable homes to 1418 3rd Street?
There are currently no comparable homes to 1418 3rd Street.
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