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Will 60451
1804 Illini Drive
$278,500
● House - Off Market

1804 Illini Drive

NEW LENOX, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$452,395
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Backyard paradise adds outdoor living space with a 3/4 acre lot.  Substantial garden with 2 year old shed.  New high efficiency furnace and A/C in 2009.  New roof in 2014 .  Newer driveway and garage floor.  Living room fireplace. 3 bedrooms 2 bathrooms. Schedule your private viewing before it's too late!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$166
Property Type
House
Property Taxes
$485
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 #09993396)

Price History

Date / Event Date Event Price
Jul 20, 2018 Sold
Premium
Sold
Jun 21, 2018 Listed by CRIS REALTY $299,000
Listed by CRIS REALTY

Property Highlights

Air Conditioning

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: 32,734
  • 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: TOMAHAWK RIDGE UNIT 2
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 22 IN TOMAHAWK RIDGE UNIT 2, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC. 35, T35N-R11E.

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881113

Geography

  • Parcel: 15-08-35-401-012
  • Lot: 22
  • Meridian: SEC 35 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.4762
  • Longitude: -87.929

    Address

  • Full Address: 1804 Illini Dr
  • Legal Unit: 2
  • Address - House Number: 1804
  • Address - Street Name: Illini
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R003
  • 4-Digit Zip Code: 2815
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $735,168
  • Tax Rate Code Area: 1520

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 360,829
  • High Value: 413,746
  • Low Value: 307,912

    Market Valuation

  • Market Total Value: $282,411
  • Market Land Value: $93,045
  • Market Improvement Value: $189,366

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,137
  • Assessed Land Value: $31,015
  • Assessed Improvements Value: $63,122

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Jul 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018051556

    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:

$389,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2355 ft²

Average Home Age

31.1 years

Currently For Sale

1496 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: Kim Phillips, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 09993396
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 1804 Illini Drive built and last sold?
The property at 1804 Illini Drive was built in and last sold on Jul 20, 2018 for $278,500.
How much is this home worth?
The estimated value of the home located at 1804 Illini Drive is $0.
What are some comparable homes to 1804 Illini Drive?
There are currently no comparable homes to 1804 Illini Drive.
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