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St. Joseph 61873
1503 Locust Drive
$325,000
● House - Off Market

1503 Locust Drive

St. Joseph, IL 61873
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,051 Ft²
$336,022
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Wonderful new St. Joseph listing featuring 5 bedrooms & 3 full bathrooms. One of the bedrooms includes a large sitting room. Home is nicely situated on a corner lot with almost 3000 square feet inside. This was a custom built home with many appealing features. Entry opens to beautiful hard wood floors, large open functional kitchen with stainless steel appliances, full bathroom on first floor, large master suite with jacuzzi tub(separate shower) and linen closet, laundry chute, storm shelter/pantry, central vac, heated garage, 12 X 32 south facing deck with 2 separate entrances, and capped of with a welcoming front porch. Property has been pre-inspected for convenience. Full crawlspace radon mitigation system.
Unit Size
3,051 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$107
Property Type
House
Property Taxes
$516
HOA Dues
$13
Year Built
1999

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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 #11441713)

Price History

Date / Event Date Event Price
Aug 30, 2022 Sold
Premium
Sold
Jun 16, 2022 Listed by KELLER WILLIAMS-TREC $325,000
Listed by KELLER WILLIAMS-TREC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,299
  • Total Building Area: 1,759
  • Building Area: 1,759
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODARDS CRESTLAKE SUB NO 3
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 332 WOODARDS CRESTLAKE SUB NO 3

Neighborhood

  • School District Name: St. Joseph-Ogden Community High School District 305
  • School Tax School District: 101
  • Census Tract: 010701

Geography

  • District: 28
  • Parcel: 28-22-12-351-030
  • Lot: 332
  • Meridian: SEC 12 TWN 19N RNG 10E
  • Municipality: ST. JOSEPH
  • Latitude: 40.1144
  • Longitude: -88.0263

    Address

  • Full Address: 1503 Locust Dr
  • Address - House Number: 1503
  • Address - Street Name: Locust
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Saint Joseph
  • Carrier Code: R003
  • 4-Digit Zip Code: 9060
  • Zip Code: 61873

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $645,396
  • Tax Rate Code Area: 2803

    Appraisal Valuation

  • Standard Deviation: 0.1118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 88
  • Final Value: 322,665
  • High Value: 358,764
  • Low Value: 286,565

    Market Valuation

  • Market Total Value: $281,190
  • Market Land Value: $44,640
  • Market Improvement Value: $236,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $93,730
  • Assessed Land Value: $14,880
  • Assessed Improvements Value: $78,850

    Sales

  • Current Sale Contract Date: Nov 10, 2010
  • Current Sale Recording Date: Nov 18, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010R27554
  • Previous Sale Recording Date: Oct 26, 2006
  • Previous Sale Contract Date: Oct 19, 2006
  • Previous Sale Amount: $199,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$267,400

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1471 ft²

Average Home Age

37.5 years

Currently For Sale

3 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 Klotz, KELLER WILLIAMS-TREC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11441713
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 1503 Locust Drive built and last sold?
The property at 1503 Locust Drive was built in 1999 and last sold on Nov 10, 2010 for $232,500.
How much is this home worth?
The estimated value of the home located at 1503 Locust Drive is $328,250.
What are some comparable homes to 1503 Locust Drive?
There are currently no comparable homes to 1503 Locust Drive.
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