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Lockport 60441
17506 S GILBERT Drive
$189,900
● House - Off Market

17506 S GILBERT Drive

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$370,467
RealtyHop Estimate
89.11%
Since Aug 1, 2008
National-US
Primary Model

About This Property

EXTREMELEY WELL KEPT TOWNHOME. OPEN FLOOR PLAN. 2 BEDROOMS WITH SPACIOUS LOFT OVERLOOKING LIVING ROOM. UPGRADED OAK CABINETS, RAILINGS, DOORS AND TRIM THROUGHOUT, VAULTED CEILINGS IN MBR W/WALK IN CLOSET. PRIVATE MASTER BATH. 2ND FLOOR LAUNDRY ROOM. UPGRADED APPLIANCES IN KITCHEN, UPGRADED WATER SOFTNER INCLUDED.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$356
HOA Dues
$125
Year Built
2005

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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.

Property Highlights

Garage
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 358
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,935
  • Total Building Area: 1,393
  • Building Area: 1,393
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,393
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLOW WALK UNIT 1
  • Land Acres: 0000000228
  • Standard Land Use Code: 1004
  • County Land Use Code: 0040
  • Legal Description 1: UNIT 104-D IN WILLOW WALK CONDOS, OF LOT 1 17 IN WILLOW WALK UNIT 1, BEING A SUB OF PRT OF SEC 31, T36N-R11E. A/K/A: UNIT 10

Neighborhood

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

Geography

  • Parcel: 16-05-31-202-070-1004
  • Lot: 1
  • Meridian: SEC 31 TWN 36N RNG 11E
  • Municipality: HOMER
  • Latitude: 41.5686
  • Longitude: -88.0139

    Address

  • Full Address: 17506 S Gilbert Dr
  • Legal Unit: 1
  • Address - House Number: 17506
  • Street Direction: S
  • Address - Street Name: Gilbert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: R034
  • 4-Digit Zip Code: 1114
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $553,562
  • Tax Rate Code Area: 1626

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 262,715
  • High Value: 303,374
  • Low Value: 222,057

    Market Valuation

  • Market Total Value: $194,496
  • Market Land Value: $30,567
  • Market Improvement Value: $163,929

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,832
  • Assessed Land Value: $10,189
  • Assessed Improvements Value: $54,643

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021052289
  • Previous Sale Recording Date: Aug 15, 2008
  • Previous Sale Contract Date: Jul 07, 2008
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 71
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:

$389,695

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1964 ft²

Average Home Age

30.1 years

Currently For Sale

66 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 17419 Yakima Drive, Lockport, IL, 60441

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,588 ft²
17419 Yakima Drive #17419, Lockport, IL, 60441 Listing by Samantha Ross

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Robert Picciariello, Prello Realty, Inc.
Data Source: MRED, MLS# MRD06693476
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 17506 South Gilbert Drive built and last sold?
The property at 17506 South Gilbert Drive was built in 2005 and last sold on Apr 21, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 17506 South Gilbert Drive is $228,554.
What are some comparable homes to 17506 South Gilbert Drive?
There are currently no comparable homes to 17506 South Gilbert Drive.
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