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Bolingbrook 60440
156 Farm Gate Lane
$285,000
● House - Off Market

156 Farm Gate Lane

Bolingbrook, IL 60440
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$308,478
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

*OFFER ACCEPTED PAPEPRWORK PENDING* Don't miss this opportunity to own this BEAUTIFUL home! Three bedrooms, 2.5 baths, finished lower level, BONUS ROOM, covered deck, lovely patio, storage galore! This professionally landscaped home sits in the lovely subdivision of Balstrode Farms. New (2019) stainless steel appliances, driveway, roof, siding, gutters, leaf guard, 2020 a/c, furnace, etc. All your major concerns are taken care of, just get the keys and move in!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1975

Payment Calculator

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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 #11251624)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Nov 1, 2021 Listed by @properties $280,000
Listed by @properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 7
  • Garage Square Area: 468
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,040
  • Total Building Area: 1,318
  • Building Area: 1,318
  • Building Area Measurement: 1

    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: BALSTRODE FARMS UNIT 1
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 10 BLOCK A IN BALSTRODE FARMS UNIT 1, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 17, T37N-R10E.

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880105

Geography

  • Parcel: 12-02-17-102-015
  • Block: A
  • Lot: 10
  • Meridian: SEC 17 TWN 37N RNG 10E
  • Municipality: DUPAGE
  • Latitude: 41.6953
  • Longitude: -88.1211

    Address

  • Full Address: 156 Farm Gate Ln
  • Legal Unit: 1
  • Address - House Number: 156
  • Address - Street Name: Farm Gate
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Bolingbrook
  • Carrier Code: C029
  • 4-Digit Zip Code: 1501
  • Zip Code: 60440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $699,052
  • Tax Rate Code Area: 1214

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 305,319
  • High Value: 352,218
  • Low Value: 258,421

    Market Valuation

  • Market Total Value: $230,166
  • Market Land Value: $35,313
  • Market Improvement Value: $194,853

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,722
  • Assessed Land Value: $11,771
  • Assessed Improvements Value: $64,951

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Jan 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2022002299

    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 Bolingbrook

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2135 ft²

Average Home Age

36 years

Currently For Sale

106 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 346 Danbury Drive, Naperville, IL, 60565

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,088 ft²
346 Danbury Drive, Naperville, IL, 60565 Listing by Puneet Kapoor
Unit for rent at 298 Danbury Drive, Naperville, IL, 60565

$2,950 /mo

  • 3 Beds
  • 1 Bath
  • 1,597 ft²
298 Danbury Drive, Naperville, IL, 60565 Listing by Frank Passaro

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dina DiSera, @properties
Last Updated: 3 years ago
Data Source: MRED, MLS# 11251624
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 156 Farm Gate Lane built and last sold?
The property at 156 Farm Gate Lane was built in 1975 and last sold on Nov 22, 2021 for $285,000.
How much is this home worth?
The estimated value of the home located at 156 Farm Gate Lane is $293,801.
What are some comparable homes to 156 Farm Gate Lane?
There are currently no comparable homes to 156 Farm Gate Lane.
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