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Fairmont 60441
213 Bruce Road
$150,000
● House - Off Market

213 Bruce Road

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
850 Ft²
$161,502
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Triple lot, cute bungalow with basement, 2 car garage for under 150K?  Why YES! Converted front porch adds living space.  Original hardwood plank flooring is beautiful.  Nice sized living/dining area.  The kitchen is efficient and has storage nooks.  2 bedrooms flank the bath.  Full basement for extra storage.  The yard is mostly fenced.  Just a small area would need to be installed to make this completely fenced in. There is a cozy deck off the back of the home with a gas Weber grill that stays!  So much is newer.  You can move right in!  Live here or buy as an investment.  Beautiful lot.  Great location. Quick close - No problem!
Unit Size
850 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$169
Property Type
House
Property Taxes
$251
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 #11210947)

Price History

Date / Event Date Event Price
Oct 30, 2021 Sold
Premium
Sold
Oct 15, 2021 Listed by RE/MAX At Home $143,500
Listed by RE/MAX At Home

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Total Rooms: 5
  • Bedroom Count: 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: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,859
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DELLWOOD HIGHLANDS
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: R

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-27-409-017
  • Municipality: LOCKPORT
  • Latitude: 41.5679
  • Longitude: -88.065

    Address

  • Full Address: 213 Bruce Rd
  • Address - House Number: 213
  • Address - Street Name: Bruce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lockport
  • Carrier Code: C002
  • 4-Digit Zip Code: 4906
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $263,002
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Nov 23, 2022
  • Confidence Score: 80
  • Final Value: 178,733
  • High Value: 207,373
  • Low Value: 150,093

    Market Valuation

  • Market Total Value: $117,993
  • Market Land Value: $60,378
  • Market Improvement Value: $57,615

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $40,668
  • Assessed Land Value: $20,810
  • Assessed Improvements Value: $19,858

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021122929
  • Previous Sale Recording Date: Aug 09, 2007
  • Previous Sale Contract Date: Aug 03, 2007
  • Previous Sale Amount: $130,000
  • 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 Fairmont

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1221 ft²

Average Home Age

64.5 years

Currently For Sale

4 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 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 812 S Jefferson Avenue, Lockport, IL, 60441

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,248 ft²
812 S Jefferson Avenue, Lockport, IL, 60441 Listing by Mia Gorkowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Donna Sattler, RE/MAX At Home
Last Updated: 3 years ago
Data Source: MRED, MLS# 11210947
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 213 Bruce Road built and last sold?
The property at 213 Bruce Road was built in and last sold on Oct 29, 2021 for $150,000.
How much is this home worth?
The estimated value of the home located at 213 Bruce Road is $147,640.
What are some comparable homes to 213 Bruce Road?
There are currently no comparable homes to 213 Bruce Road.
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