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Steger 60475
226 Barbara Lane
$225,000
● House - Off Market

226 Barbara Lane

Steger, IL 60475
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,550 Ft²
$1,657
Est. Monthly
10.61%
Cap Rate

About This Property

This beautifully updated four-bedroom, two-bathroom home offers ample living space and thoughtful design. The home features a lower level separate living area, providing flexibility and privacy for related living. The 2 1/2-car garage provides convenient storage and parking. Updated country kitchen with two updated bathrooms. Recessed lights, upgraded exhaust fan in kitchen, oversized guest closet. Yard extends beyond partial fence. Move-in ready! It's so easy to say, "Yes!" to this home. Home sold 'AS IS'. Pre-approved buyers only.
Unit Size
1,550 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1975

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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: 1975
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • 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: 4
  • Garage Square Area: 451
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,412
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 802
  • Building Area: 802
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 802
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD MANOR THIRD ADDITION
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 6 BLOCK 2 IN EDGEWOOD MANOR 3RD ADDITION, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 5, T34N-R14E.

Neighborhood

  • School District Name: Steger School District 194
  • Census Tract: 883804

Geography

  • Parcel: 23-15-05-112-012
  • Block: 2
  • Lot: 6
  • Meridian: SEC 05 TWN 34N RNG 14E
  • Municipality: CRETE
  • Latitude: 41.4648
  • Longitude: -87.6477

    Address

  • Full Address: 226 Barbara Ln
  • Address - House Number: 226
  • Address - Street Name: Barbara
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Steger
  • Carrier Code: C005
  • 4-Digit Zip Code: 1520
  • Zip Code: 60475

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $505,130
  • Tax Rate Code Area: 2327

    Appraisal Valuation

  • Standard Deviation: 0.0865
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 93
  • Final Value: 107,626
  • High Value: 116,944
  • Low Value: 98,309

    Market Valuation

  • Market Total Value: $151,158
  • Market Land Value: $27,555
  • Market Improvement Value: $123,603

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,386
  • Assessed Land Value: $9,185
  • Assessed Improvements Value: $41,201

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 59901
  • Previous Sale Recording Date: Jan 24, 2005
  • Previous Sale Contract Date: Jan 13, 2005
  • Previous Sale Document Type: 64
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 Steger

Stats & Trends

Median Asking:

$199,450

Sale Price/ft²

$146

Below Asking

0.03%

Average Days on Market

62

Average Home Size

1515 ft²

Average Home Age

77.8 years

Currently For Sale

34 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: Veronica Shanks, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12444467
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 226 Barbara Lane built and last sold?
The property at 226 Barbara Lane was built in 1975 and last sold on Nov 2, 2023 for $110,000.
How much is this home worth?
The estimated value of the home located at 226 Barbara Lane is $240,839.
What are some comparable homes to 226 Barbara Lane?
There are currently no comparable homes to 226 Barbara Lane.
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