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Will 60441
20715 Thomas Drive
$399,999
● House - Off Market

20715 Thomas Drive

Lockport, IL 60441
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,224 Ft²
$2,612
Est. Monthly

About This Property

Spacious split level in highly desirable unincorporated Lockport.  4 bedroom, 2 bathroom split level.  Beautiful eat-in kitchen with granite and stainless appliances.  Living and Family Rooms include fireplaces, large bedrooms, and hardwood flooring in much of the home.  New well pump in 2021, new deck in 2024.  Crawl space plus backyard sheds for additional storage.  Home has been lovingly maintained, but selling as-is.
Unit Size
2,224 Ft²
Days on Market
-
Land Size
-
Price per sqft
$180
Property Type
House
Property Taxes
$647
HOA Dues
-
Year Built
1980

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 696
  • Garage Type: 1
  • Garage Square Area: 600
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,196
  • Total Building Area: 3,520
  • Building Area: 2,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASSEY ESTATES
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 25 IN MASSEY ESTATES UNIT 3, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 20, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 884103

Geography

  • Parcel: 11-04-20-301-012
  • Lot: 25
  • Meridian: SEC 20 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5863
  • Longitude: -88.1205

    Address

  • Full Address: 20715 Thomas Dr
  • Legal Unit: 3
  • Address - House Number: 20715
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: R003
  • 4-Digit Zip Code: 6554
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $695,828
  • Tax Rate Code Area: 1106

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 351,369
  • High Value: 401,252
  • Low Value: 301,485

    Market Valuation

  • Market Total Value: $278,385
  • Market Land Value: $75,159
  • Market Improvement Value: $203,226

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,795
  • Assessed Land Value: $25,053
  • Assessed Improvements Value: $67,742

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021067431
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

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2342 ft²

Average Home Age

32.9 years

Currently For Sale

1542 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 1705 Ramsey Drive, Romeoville, IL, 60446

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,668 ft²
1705 Ramsey Drive #1, Romeoville, IL, 60446 Listing by Nader Shahat
Unit for rent at 2338 Carnation Drive, Crest Hill, IL, 60403

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 924 ft²
2338 Carnation Drive #1, Crest Hill, IL, 60403 Listing by Jacqueline Dix

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lindsay Vito-Kundrick, Rhino Realty Group, Inc.
Data Source: MRED, MLS# MRD12627384
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 20715 Thomas Drive built and last sold?
The property at 20715 Thomas Drive was built in 1980 and last sold on Apr 8, 2021 for $286,000.
How much is this home worth?
The estimated value of the home located at 20715 Thomas Drive is $0.
What are some comparable homes to 20715 Thomas Drive?
There are currently no comparable homes to 20715 Thomas Drive.
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