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Lockport 60441
16615 W Bruce Road
$477,000
● House - Off Market

16615 W Bruce Road

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,174 Ft²
$528,709
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Beautiful four-bedroom ranch with completely renovated kitchen and bathroom. This home sits on 1.27 acres with:  - 1500 square ft. custom deck (with wireless ,high-quality, audio system)   - Above ground pool  - Fully finished, walk-out, lower level with it's own kitchen  - High-end custom oak flooring throughout main floor  - 1400 sq. ft. barn equip with electric, plumbing, heat & A/C  - 2.5 attached garage  - Homer School District 33c  - 3 miles to downtown Lockport and Metra Train Station
Unit Size
3,174 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$151
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1971

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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.

Last updated: 3 years ago (MRED MLS #11075503)

Price History

Date / Event Date Event Price
Dec 20, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Herve F. Barbera $479,900
Listed by Herve F. Barbera

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,587
  • Garage Type: 7
  • Garage Square Area: 589
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,638
  • Total Building Area: 3,174
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOW WALK CONDOMINIUM
  • Land Acres: 0000001050
  • Standard Land Use Code: 1004
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 IN M. J. CAGWIN'S SUB, A SUB OF PRT OF THE N1/2 OF THE NW1/4 OF SEC 31, T36N-R11E. ALSO THE EAST 33 FT OF THE W 1122 F

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 881009

Geography

  • Parcel: 16-05-31-101-009
  • Lot: 9
  • Meridian: SEC 31 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5685
  • Longitude: -88.0211

    Address

  • Full Address: 16615 W Bruce Rd
  • Address - House Number: 16615
  • Street Direction: W
  • Address - Street Name: Bruce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lockport
  • Carrier Code: R034
  • 4-Digit Zip Code: 9761
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $603,816
  • Tax Rate Code Area: 1623

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 318,383
  • High Value: 367,309
  • Low Value: 269,458

    Market Valuation

  • Market Total Value: $238,167
  • Market Land Value: $54,555
  • Market Improvement Value: $183,612

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,389
  • Assessed Land Value: $18,185
  • Assessed Improvements Value: $61,204

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2022005623
  • Previous Sale Recording Date: Oct 20, 2015
  • Previous Sale Contract Date: Sep 18, 2015
  • Previous Sale Amount: $267,500
  • 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:

$379,990

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2079 ft²

Average Home Age

31.8 years

Currently For Sale

65 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 752 Rosanne Street, Lockport, IL, 60441

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,890 ft²
752 Rosanne Street, Lockport, IL, 60441 Listing by Grazyna Pawlikowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Herve Barbera, Herve F. Barbera
Last Updated: 3 years ago
Data Source: MRED, MLS# 11075503
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 16615 West Bruce Road built and last sold?
The property at 16615 West Bruce Road was built in 1971 and last sold on Dec 17, 2021 for $477,000.
How much is this home worth?
The estimated value of the home located at 16615 West Bruce Road is $494,721.
What are some comparable homes to 16615 West Bruce Road?
There are currently no comparable homes to 16615 West Bruce Road.
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