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Putnam
162 Lake Thunderbird Drive
$230,000
● House - Off Market

162 Lake Thunderbird Drive

Putnam, IL 61560
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$265,900
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

One of the most desirable properties at the lake. 180 degrees of water view and no waterfront taxes, just across the street from the beach. Come visit the peacefulness and serenity of Central IL. just 2 hours southwest of downtown Chicago. We have a beach, lake, tennis, fishing, swimming, clubhouse and much more, to much to mention, Come visit for a day, you may decide to spend the rest of your life here At Lake Thunderbird. House features exterior log siding, large wrap around wide deck, 3-4 bedrooms 2 baths walk out basement, newer roof, all newer windows and doors and a spectacular year round view of the lake .
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$108
Property Type
House
Property Taxes
$372
HOA Dues
$45
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: 2 years ago (MRED MLS #11410768)

Price History

Date / Event Date Event Price
Dec 12, 2024 Sold
Premium
Sold
Oct 30, 2024 In contract -
In contract
Jul 14, 2024 Listed by Thomas J. Swan Realty $8,000
Listed by Thomas J. Swan Realty
Rte 29, enter Lake Thunderbird stay on hard top to stop sign, left turn to lots 162 & 163 in Lake Thunderbird Grove.
Jul 14, 2022 Sold
Premium
Sold
May 20, 2022 Listed by Nowak Real Estate LLC $259,900
Listed by Nowak Real Estate LLC

Property Highlights

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: 17,168
  • 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: INDIAN HILLS
  • Land Acres: 0000000394
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: INDIAN HILLS LOT 3

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 954600

Geography

  • District: 3
  • Parcel: 03-00-077-030
  • Lot: 3
  • Municipality: SENACHWINE
  • Latitude: 41.2029
  • Longitude: -89.4451

    Address

  • Full Address: 162 Lake Thunderbird Dr
  • Address - House Number: 162
  • Address - Street Name: Lake Thunderbird
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Putnam
  • Carrier Code: R004
  • 4-Digit Zip Code: 9439
  • Zip Code: 61560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $444,598
  • Tax Rate Code Area: 03003

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: May 31, 2023
  • Confidence Score: 73
  • Final Value: 276,898
  • High Value: 331,603
  • Low Value: 222,193

    Market Valuation

  • Market Total Value: $170,262
  • Market Land Value: $5,859
  • Market Improvement Value: $164,403

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,754
  • Assessed Land Value: $1,953
  • Assessed Improvements Value: $54,801

    Sales

  • Current Sale Contract Date: Sep 22, 2000
  • Current Sale Recording Date: Sep 22, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 771194
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 Putnam

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1525 ft²

Average Home Age

43.9 years

Currently For Sale

17 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: Lucia Nowak, Nowak Real Estate LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 11410768
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 162 Lake Thunderbird Drive built and last sold?
The property at 162 Lake Thunderbird Drive was built in and last sold on Sep 22, 2000 for $129,000.
How much is this home worth?
The estimated value of the home located at 162 Lake Thunderbird Drive is $8,080.
What are some comparable homes to 162 Lake Thunderbird Drive?
There are currently no comparable homes to 162 Lake Thunderbird Drive.
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