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Lockport 60441
16430 Newcastle Way
$169,900
● House - Off Market

16430 Newcastle Way

LOCKPORT, IL 60441
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,566 Ft²
$288,399
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
Unit Size
1,566 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
$344
HOA Dues
$150
Year Built
2002

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 442
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,183
  • Total Building Area: 1,566
  • Building Area: 1,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,566
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VICTORIA CROSSING
  • Land Acres: 0000000532
  • Standard Land Use Code: 1004
  • County Land Use Code: 0040
  • Legal Description 1: UNIT T1794 IN VICTORIA CROSSINGS CONDOS OF LOT 179 IN VICTORIA CROSSINGS EAST UNIT FIVE, BEING A SUB PRT OF THE SE1/4 OF SEC

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881007

Geography

  • Parcel: 16-05-21-408-037-1004
  • Lot: 179
  • Meridian: SEC 21 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5883
  • Longitude: -87.9765

    Address

  • Full Address: 16430 Newcastle Way
  • Legal Unit: 5
  • Address - House Number: 16430
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Lockport
  • Carrier Code: R031
  • 4-Digit Zip Code: 6023
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $510,998
  • Tax Rate Code Area: 1621

    Appraisal Valuation

  • Standard Deviation: 0.1627
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 269,040
  • High Value: 312,836
  • Low Value: 225,243

    Market Valuation

  • Market Total Value: $181,743
  • Market Land Value: $30,567
  • Market Improvement Value: $151,176

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,581
  • Assessed Land Value: $10,189
  • Assessed Improvements Value: $50,392

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2016
  • Current Sale Recording Date: Jul 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2016052673
  • Previous Sale Recording Date: May 28, 2002
  • Previous Sale Contract Date: May 23, 2002
  • Previous Sale Amount: $146,500
  • Previous Sale Document Type: 71

    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 Lockport

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2012 ft²

Average Home Age

33.3 years

Currently For Sale

75 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: Kimberly Litke, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD09182985
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 16430 Newcastle Way built and last sold?
The property at 16430 Newcastle Way was built in 2002 and last sold on Jun 10, 2016 for $169,900.
How much is this home worth?
The estimated value of the home located at 16430 Newcastle Way is $0.
What are some comparable homes to 16430 Newcastle Way?
There are currently no comparable homes to 16430 Newcastle Way.
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