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Will 60481
1705 Meadowview Lane
$315,000
● House - Off Market

1705 Meadowview Lane

Wilmington, IL 60481
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,100 Ft²
$346,152
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Gorgeous hillside 4 bedroom, 2 1/2 bath home with full basement,   spacious living room with stone fireplace, gourmet kitchen with quartz counter tops & SS appliances, hardwood flooring, master suite with bath, basement recreation room with wet bar, 16x24 elevated deck with spectacular country views, heated garage, freshly painted interior, newer roof, windows, HVAC & more!  Mint condition home!!!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$143
Property Type
House
Property Taxes
$304
HOA Dues
-
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: 3 years ago (MRED MLS #11089148)

Price History

Date / Event Date Event Price
Jul 6, 2021 Sold
Premium
Sold
May 14, 2021 Listed by Pro Real Estate $299,500
Listed by Pro Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

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: 17,304
  • 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: BEING A ACRES
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN ALMA ACRES UNIT 3, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 6, T32N-R10E.

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 884006

Geography

  • Parcel: 08-25-06-100-016
  • Lot: 8
  • Meridian: SEC 06 TWN 32N RNG 10E
  • Municipality: WESLEY TWP
  • Latitude: 41.2885
  • Longitude: -88.1309

    Address

  • Full Address: 1705 Meadowview Ln
  • Legal Unit: 3
  • Address - House Number: 1705
  • Address - Street Name: Meadowview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wilmington
  • Carrier Code: R008
  • 4-Digit Zip Code: 1610
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $422,408
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 290,766
  • High Value: 335,453
  • Low Value: 246,079

    Market Valuation

  • Market Total Value: $219,096
  • Market Land Value: $35,760
  • Market Improvement Value: $183,336

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,032
  • Assessed Land Value: $11,920
  • Assessed Improvements Value: $61,112

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021092593

    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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2369 ft²

Average Home Age

33.1 years

Currently For Sale

1508 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: Christopher Shell, Pro Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11089148
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 1705 Meadowview Lane built and last sold?
The property at 1705 Meadowview Lane was built in and last sold on Jun 24, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 1705 Meadowview Lane is $0.
What are some comparable homes to 1705 Meadowview Lane?
There are currently no comparable homes to 1705 Meadowview Lane.
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