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Minooka 60447
1509 BALBOA Drive
$340,000
● House - Off Market

1509 BALBOA Drive

Minooka, IL 60447
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$2,208
Est. Monthly
$22
HOA / Fees
9.86%
Cap Rate

About This Property

LOCATION! LOCATION! LOCATION!  DON'T MISS YOUR CHANCE TO MAKE THIS RARE FIND IN MINOOKA'S SUMMERFIELD SUBDIVISION YOUR HOME!  OFFERING 4 BEDROOMS, AND 2.5 BATHS, WITH A FANTASTIC FLOOR PLAN.  THE MAIN FLOOR FEATURES A LIVING ROOM,  DINING ROOM COMBO, SPACIOUS KITCHEN WITH AN ISLAND, COZY LIVING ROOM, CONVENIENT MAIN FLOOR LAUNDRY, AND A HALF BATH.  UPSTAIRS YOU'LL FIND 4 SPACIOUS BEDROOMS, INCLUDING THE PRIMARY BEDROOM WITH IT'S OWN BATH.  A FULL BASEMENT IS WAITING TO BE FINISHED.  SITUATED ON A CORNER LOT, FENCED IN, WITH A CUTE PATIO.  CLOSE TO I80 ACCESS.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$150
Property Type
House
Property Taxes
$566
HOA Dues
$22
Year Built
-

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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 #12048972)

Price History

Date / Event Date Event Price
Jun 24, 2024 Sold
Premium
Sold
May 9, 2024 Listed by eXp Realty, LLC $330,000
Listed by eXp Realty, LLC

Property Highlights

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: 9,839
  • 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: SUMMERFIELD
  • Land Acres: 0000000226
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 151 SUMMERFIELD UNIT 2A VILLAGE OF MINOOKA

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 890703

Geography

  • Parcel: 09-26-406-009
  • Lot: 151
  • Municipality: SEWARD TOWNSHIP
  • Latitude: 41.4807
  • Longitude: -88.279

    Address

  • Full Address: 1509 Balboa Dr
  • Address - House Number: 1509
  • Address - Street Name: Balboa
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R002
  • 4-Digit Zip Code: 4704
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $678,692
  • Tax Rate Code Area: SE006

    Appraisal Valuation

  • Standard Deviation: 0.1423
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 332,047
  • High Value: 379,318
  • Low Value: 284,776

    Market Valuation

  • Market Total Value: $257,481
  • Market Land Value: $41,970
  • Market Improvement Value: $215,511

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,827
  • Assessed Land Value: $13,990
  • Assessed Improvements Value: $71,837

    Sales

  • Current Sale Contract Date: Aug 30, 2016
  • Current Sale Recording Date: Oct 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201600016549
  • Previous Sale Recording Date: Jun 20, 2016
  • Previous Sale Contract Date: May 16, 2016
  • Previous Sale Amount: $139,000
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: FIX
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 Minooka

Stats & Trends

Median Asking:

$372,450

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2285 ft²

Average Home Age

27.7 years

Currently For Sale

33 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: Michelle Carr, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12048972
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 1509 Balboa Drive built and last sold?
The property at 1509 Balboa Drive was built in and last sold on Aug 30, 2016 for $200,000.
How much is this home worth?
The estimated value of the home located at 1509 Balboa Drive is $334,760.
What are some comparable homes to 1509 Balboa Drive?
There are currently no comparable homes to 1509 Balboa Drive.
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