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Lakewood Shores 60481
1820 Albert Lane
$190,000
● House - Off Market

1820 Albert Lane

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$220,231
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

YOUR SPOT IN THE COUNTRY, NESTLED ON ALMOST 2 ACRES IN A VERY PRIVATE SETTING CLOSE TO TOWN BUT RETAINS THAT RURAL FEEL, THIS 3 BEDROOM RANCH FEATURES OPEN CONCEPT FLOOR PLAN, FIREPLACE, LARGE INVITING COUNTRY KITCHEN, 2 GARAGES, SHED AND A GREAT VEIW PLUS MUCH MORE
Unit Size
1,400 Ft²
Days on Market
-
Land Size
1.97 acres
Price per sqft
$143
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
-

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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 #11254270)

Price History

Date / Event Date Event Price
Dec 10, 2021 Sold
Premium
Sold
Oct 23, 2021 Listed by Pro Real Estate $199,900
Listed by Pro Real Estate

Property Highlights

Garage
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: 85,813
  • 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: THIRD ADDITION TO LAKEWOOD SHORES
  • Land Acres: 0000001970
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E1/2 OF LOT 310 IN 3RD ADDITION TO LAKEWOOD SHORES, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 1, T32N-R9E.

Neighborhood

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

Geography

  • Parcel: 08-24-01-103-011
  • Lot: 310
  • Meridian: SEC 01 TWN 32N RNG 09E
  • Municipality: WESLEY TWP
  • Latitude: 41.2859
  • Longitude: -88.1416

    Address

  • Full Address: 1820 Albert Ln
  • Address - House Number: 1820
  • Address - Street Name: Albert
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 1701
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,364
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.1661
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 241,401
  • High Value: 281,516
  • Low Value: 201,287

    Market Valuation

  • Market Total Value: $214,650
  • Market Land Value: $36,564
  • Market Improvement Value: $178,086

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,550
  • Assessed Land Value: $12,188
  • Assessed Improvements Value: $59,362

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021136545
  • Previous Sale Recording Date: Jul 02, 1998
  • Previous Sale Contract Date: Jun 15, 1998
  • Previous Sale Amount: $128,000
  • 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 Lakewood Shores

Stats & Trends

Median Asking:

$248,875

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1000 ft²

Average Home Age

71 years

Currently For Sale

1 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: Candace Shell, Pro Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11254270
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 1820 Albert Lane built and last sold?
The property at 1820 Albert Lane was built in and last sold on Dec 8, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 1820 Albert Lane is $0.
What are some comparable homes to 1820 Albert Lane?
There are currently no comparable homes to 1820 Albert Lane.
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