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Minooka 60447
224 Southfield Drive
$378,000
● House - Off Market

224 Southfield Drive

Minooka, IL 60447
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,853 Ft²
$382,598
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to this exquisite 3-bedroom, 2.5-bathroom home, nestled in a picturesque neighborhood that seamlessly combines elegance and comfort. Step inside and be captivated by the expansive foyer, leading you to a stunning living room adorned with five grand windows, allowing an abundance of natural light to flood the space.    The basement presents an exciting opportunity, boasting three egress windows that eagerly await a family's creative touch, whether it be the addition of extra rooms or a dedicated entertainment area.  Imagine unwinding on the deck, immersing yourself in the tranquility of the serene pond view. This home's sprawling lot is one of the largest in Rivers Edge Landing, providing you with an enchanting vista of the picturesque pond.
Unit Size
2,853 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$135
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
2003

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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 #11812329)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jun 22, 2023 Listed by @properties Christie's International Real Estate $384,999
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,601
  • Total Building Area: 2,853
  • Building Area: 2,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,412
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERS EDGE LANDING UNIT ONE
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 125 IN RIVERS EDGE LANDING UNIT ONE, BEING A SUB OF PRT OF SEC. 6, T34N-R9E.

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 883303

Geography

  • Parcel: 04-10-06-311-001
  • Lot: 125
  • Meridian: SEC 06 TWN 34N RNG 09E
  • Municipality: CHANNAHON
  • Latitude: 41.4506
  • Longitude: -88.2452

    Address

  • Full Address: 224 Southfield Dr
  • Legal Unit: 1
  • Address - House Number: 224
  • Address - Street Name: Southfield
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R004
  • 4-Digit Zip Code: 9367
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $637,136
  • Tax Rate Code Area: 0433

    Appraisal Valuation

  • Standard Deviation: 0.0912
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 92
  • Final Value: 379,152
  • High Value: 413,760
  • Low Value: 344,543

    Market Valuation

  • Market Total Value: $312,267
  • Market Land Value: $45,702
  • Market Improvement Value: $266,565

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $104,089
  • Assessed Land Value: $15,234
  • Assessed Improvements Value: $88,855

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Sep 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48630
  • Previous Sale Recording Date: Jan 14, 2004
  • Previous Sale Contract Date: Dec 15, 2003
  • Previous Sale Amount: $238,500
  • 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 Minooka

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2254 ft²

Average Home Age

27.3 years

Currently For Sale

38 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: Luis Segura, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11812329
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 224 Southfield Drive built and last sold?
The property at 224 Southfield Drive was built in 2003 and last sold on Aug 24, 2023 for $378,000.
How much is this home worth?
The estimated value of the home located at 224 Southfield Drive is $0.
What are some comparable homes to 224 Southfield Drive?
There are currently no comparable homes to 224 Southfield Drive.
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