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Will 60544
21161 W Covington Drive
$310,000
● House - Off Market

21161 W Covington Drive

Plainfield, IL 60544
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,452 Ft²
$2,222
Est. Monthly
$75
HOA / Fees
7.52%
Cap Rate

About This Property

This beautiful 3 bedroom home is located in Lakewood Falls subdivision ** Updated Mechanicals -  Roof/siding 2017, HVAC 2019 , Hardwood floors installed 2019, new front door 2019, sliding glass door 2017, fully fenced huge yard with no neighbors behind ** Enjoy Pond view from your backyard ** Minutes from highway, shopping, and restaurants.  MUST SEE this outstanding home! Enjoy this Lively Community's Walking & Biking Paths, Clubhouse w/Party Room, Parks & Ponds, Fishing, Picnic Shelter, Gazebo, 24/7 Security Patrol for your safety **   Community Events include Summertime Movies and Concerts in the Park, July 4th Fireworks, Easter Egg Hunt, Food Truck Events
Unit Size
1,452 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$217
Property Type
House
Property Taxes
$600
HOA Dues
$75
Year Built
1995

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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: 2 years ago (MRED MLS #12257901)

Price History

Date / Event Date Event Price
Apr 7, 2025 Sold
Premium
Sold
Feb 22, 2025 In contract -
In contract
Jan 29, 2025 Listed by RE/MAX Professionals Select $315,000
Listed by RE/MAX Professionals Select
Oct 6, 2021 No longer available -
No longer available
May 30, 2020 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,061
  • Total Building Area: 1,832
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 393 IN LAKEWOOD FALLS UNIT 1, POD 3, BEING A SUB OF PRT OF THE SE1/4 OF SEC. 6, T36N-R10E.

Neighborhood

  • School District Name: Valley View Community Unit School District 365U
  • Census Tract: 880503

Geography

  • Parcel: 11-04-06-406-001
  • Lot: 393
  • Meridian: SEC 06 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.6244
  • Longitude: -88.1332

    Address

  • Full Address: 21161 W Covington Dr
  • Legal Unit: 1
  • Address - House Number: 21161
  • Street Direction: W
  • Address - Street Name: Covington
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R012
  • 4-Digit Zip Code: 7348
  • Zip Code: 60544

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $676,228
  • Tax Rate Code Area: 1118

    Appraisal Valuation

  • Standard Deviation: 0.1498
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 279,910
  • High Value: 321,856
  • Low Value: 237,964

    Market Valuation

  • Market Total Value: $222,204
  • Market Land Value: $64,851
  • Market Improvement Value: $157,353

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,068
  • Assessed Land Value: $21,617
  • Assessed Improvements Value: $52,451

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020077980
  • Previous Sale Recording Date: Jul 03, 2001
  • Previous Sale Contract Date: Jun 27, 2001
  • Previous Sale Amount: $156,000
  • 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 Will

Stats & Trends

Median Asking:

$389,899

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2361 ft²

Average Home Age

32 years

Currently For Sale

1516 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 1369 Taylor Road, Romeoville, IL, 60446

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,580 ft²
1369 Taylor Road, Romeoville, IL, 60446 Listing by Alfonso Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Vipin Gulati, RE/MAX Professionals Select
Last Updated: 2 years ago
Data Source: MRED, MLS# 12257901
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 21161 West Covington Drive built and last sold?
The property at 21161 West Covington Drive was built in 1995 and last sold on Jul 6, 2020 for $220,000.
How much is this home worth?
The estimated value of the home located at 21161 West Covington Drive is $0.
What are some comparable homes to 21161 West Covington Drive?
There are currently no comparable homes to 21161 West Covington Drive.
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