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Seneca 61360
157 S Main Street
$228,500
● House - Off Market

157 S Main Street

Seneca, IL 61360
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,182 Ft²
$1,262
Est. Monthly
13.03%
Cap Rate

About This Property

Excellent opportunity to own this updated 3 bed 2 bath home located in the heart of Seneca. The kitchen boasts LG appliances, newer cabinets & quartz countertops with a kitchen island. This home features new flooring throughout the main level. Upstairs is a huge 3rd bedroom with a full bath ready for your finishing touches. Laundry hookups in the basement. The basement has opportunity for an additional bedroom & a recreation room.  Large 2-car detached garage & long driveway. Fresh mulch recently laid around exterior of the home. Newer siding and roof shingles.
Unit Size
1,182 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$190
Property Type
House
Property Taxes
$156
HOA Dues
-
Year Built
1949

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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 #12066631)

Price History

Date / Event Date Event Price
Jun 20, 2024 Sold
Premium
Sold
May 27, 2024 Listed by Marquette Properties, Inc $225,000
Listed by Marquette Properties, Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 8,976
  • Total Building Area: 1,773
  • Gross Building Area: 1,773
  • Building Area: 1,773
  • Building Area Measurement: T

    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: UNDERHILLS ADD
  • Land Acres: 0000000206
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: UNDERHILLS ADD LOT 10 BLK 7

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 963700

Geography

  • District: MA
  • Parcel: 24-26-207-026
  • Block: 7
  • Lot: 10
  • Municipality: MANLIUS TOWNSHIP
  • Latitude: 41.3095
  • Longitude: -88.61

    Address

  • Full Address: 157 S Main St
  • Address - House Number: 157
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Seneca
  • Carrier Code: R001
  • 4-Digit Zip Code: 9467
  • Zip Code: 61360

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $189,071
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: MA013

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 140,978
  • High Value: 159,729
  • Low Value: 122,226

    Market Valuation

  • Market Total Value: $96,972
  • Market Land Value: $14,271
  • Market Improvement Value: $82,701

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,324
  • Assessed Land Value: $4,757
  • Assessed Improvements Value: $27,567

    Sales

  • Current Sale Contract Date: Mar 11, 2010
  • Current Sale Recording Date: Mar 12, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010-05164
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 Seneca

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1722 ft²

Average Home Age

87 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: Ricardo Del Toro, Marquette Properties, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12066631
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 157 South Main Street built and last sold?
The property at 157 South Main Street was built in 1949 and last sold on Mar 11, 2010 for $117,000.
How much is this home worth?
The estimated value of the home located at 157 South Main Street is $224,699.
What are some comparable homes to 157 South Main Street?
There are currently no comparable homes to 157 South Main Street.
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