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Montgomery 60538
2250 Lynn Drive
$305,800
● House - Off Market

2250 Lynn Drive

Montgomery, IL 60538
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,072 Ft²
$298,220
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This thoughtfully designed residence offers 4 bedrooms, 2.5 bathrooms, and a charming dining room, making it the ideal space for creating cherished memories with loved ones. The open-concept layout welcomes you with an abundance of natural light, creating a warm and inviting ambiance throughout. Upstairs, you'll find a private master suite featuring an ensuite bathroom for your relaxation and comfort.  One of the highlights of this home is the convenient second-floor laundry room, making household chores a breeze. This property is a must see!
Unit Size
2,072 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$599
HOA Dues
$31
Year Built
2002

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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 #11850970)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Aug 3, 2023 Listed by Home Zone Realty, Inc. $299,900
Listed by Home Zone Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • 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: 10,337
  • Lot Size Depth Feet: 770
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 441
  • Gross Building Area: 441
  • Building Area: 441
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,009
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD CREEK UNIT 2
  • Land Acres: 0000000237
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 309 LAKEWOOD CREEK UNIT 2,VILLAGE OF MONTGOMERY

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 890404

Geography

  • Parcel: 02-01-153-024
  • Lot: 309
  • Municipality: BRISTOL TOWNSHIP
  • Latitude: 41.718
  • Longitude: -88.3895

    Address

  • Full Address: 2250 Lynn Dr
  • Address - House Number: 2250
  • Address - Street Name: Lynn
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Montgomery
  • Carrier Code: R001
  • 4-Digit Zip Code: 4021
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: BR011

    Appraisal Valuation

  • Standard Deviation: 0.1422
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 334,381
  • High Value: 381,950
  • Low Value: 286,812

    Market Valuation

  • Market Total Value: $251,730
  • Market Land Value: $32,412
  • Market Improvement Value: $219,318

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,910
  • Assessed Land Value: $10,804
  • Assessed Improvements Value: $73,106

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9963
  • Previous Sale Recording Date: Jul 14, 2006
  • Previous Sale Contract Date: Jun 15, 2006
  • Previous Sale Amount: $243,000
  • 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 Montgomery

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2083 ft²

Average Home Age

23.1 years

Currently For Sale

41 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

Rentals Near You

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MRED

Listed by: Victor Caputo III, Home Zone Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11850970
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 2250 Lynn Drive built and last sold?
The property at 2250 Lynn Drive was built in 2002 and last sold on Aug 24, 2023 for $306,000.
How much is this home worth?
The estimated value of the home located at 2250 Lynn Drive is $306,855.
What are some comparable homes to 2250 Lynn Drive?
There are currently no comparable homes to 2250 Lynn Drive.
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