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Lockport 60441
14348 W Melbourne Place
$295,000
● House - Off Market

14348 W Melbourne Place

LOCKPORT, IL 60441
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$582,853
RealtyHop Estimate
85.03%
Since Mar 1, 2008
National-US
Primary Model

About This Property

I-355 Extension Open 5min.away! $$$Drop! One of largest lots in sub/no nhbrs bhnd! This 4/2.1 open floor plan is an incrdbl deal for your family! Fresh pnt & crpt! Hardwood flrs on 1st flr welcome you w/2sty entry! Upgrded oak pckg! Catwalk overlooks 2 sty FR w/FP! Spcious  ktchn w/islnd! Huge mstr w/deluxe bath & w/in clst! Full lookout bsmnt ready to be fnshd! Full fncd yrd! Homer Gln school district! Just Move in!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
2004

Payment Calculator

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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.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,162
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,781
  • Total Building Area: 3,449
  • Building Area: 2,287
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,287
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VICTORIA CROSSINGS EAST
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 345 IN VICTORIA CROSSINGS EAST UNIT 7, BEING A SUB OF PRT OF THE NW1/4 OF THE SW1/4 OF SEC. 22, T36N-R11E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881007

Geography

  • Parcel: 16-05-22-303-003
  • Lot: 345
  • Meridian: SEC 22 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5903
  • Longitude: -87.968

    Address

  • Full Address: 14348 W Melbourne Pl
  • Legal Unit: 7
  • Address - House Number: 14348
  • Street Direction: W
  • Address - Street Name: Melbourne
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lockport
  • Carrier Code: R031
  • 4-Digit Zip Code: 6026
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $896,674
  • Tax Rate Code Area: 1621

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 408,458
  • High Value: 472,120
  • Low Value: 344,796

    Market Valuation

  • Market Total Value: $305,328
  • Market Land Value: $54,330
  • Market Improvement Value: $250,998

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $101,776
  • Assessed Land Value: $18,110
  • Assessed Improvements Value: $83,666

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13000
  • Previous Sale Recording Date: Mar 13, 2015
  • Previous Sale Contract Date: Mar 09, 2015
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: 71
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 Lockport

Stats & Trends

Median Asking:

$383,000

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2051 ft²

Average Home Age

30.7 years

Currently For Sale

65 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 14857 W Victoria Crossing, Lockport, IL, 60441

$2,350 /mo

  • 2 Beds
  • 1 Bath
  • 1,208 ft²
14857 W Victoria Crossing #14857, Lockport, IL, 60441 Listing by Neringa Koller

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dena Furlow, Keller Williams Realty
Data Source: MRED, MLS# MRD06621019
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 14348 West Melbourne Place built and last sold?
The property at 14348 West Melbourne Place was built in 2004 and last sold on Feb 28, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 14348 West Melbourne Place is $418,721.
What are some comparable homes to 14348 West Melbourne Place?
There are currently no comparable homes to 14348 West Melbourne Place.
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