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Putnam
227 Lake Thunderbird Drive
$2,500
● Land - Off Market

227 Lake Thunderbird Drive

Putnam, IL 61560
bedrooms
Studio
bathrooms
0 Bath
$18
Est. Monthly

About This Property

VACANT LOT AT LAKE THUNDERBIRD. ANNUAL ASSESSMENT IS $497
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
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 #12162169)

Price History

Date / Event Date Event Price
Oct 23, 2024 Sold
Premium
Sold
Sep 24, 2024 In contract -
In contract
Sep 11, 2024 Listed by Southwest Realty Services, Inc $2,500
Listed by Southwest Realty Services, Inc
Aug 26, 2023 No longer available -
No longer available
Aug 23, 2022 Listed by RE/MAX Legends $4,900
Listed by RE/MAX Legends
Very nice lot at Lake Thunderbird, close to lake, clubhouse, tennis, beach, and much more, build a weekend cabin or a forever home, just 2 hours from downtown Chicago, In the middle of historic central IL, Ill river Starved Rock state park, and a lot more. Come visit for a day, you may stay a lifetime.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,100
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LK THUNDERBIRD WS 3
  • Land Acres: 0000000347
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: LK THUNDERBIRD WS 3 LOT 554

Neighborhood

  • School District Name: Henry-Senachwine Consolidated Unit School District 5
  • Census Tract: 954600

Geography

  • District: 3
  • Parcel: 03-00-071-130
  • Lot: 554
  • Municipality: SENACHWINE
  • Latitude: 41.2072
  • Longitude: -89.4516

    Address

  • Full Address: 227 Lake Thunderbird Dr
  • Address - House Number: 227
  • Address - Street Name: Lake Thunderbird
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Putnam
  • Carrier Code: R004
  • 4-Digit Zip Code: 9442
  • Zip Code: 61560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,862
  • Tax Rate Code Area: 03004

    Market Valuation

  • Market Total Value: $2,541
  • Market Land Value: $2,541

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $847
  • Assessed Land Value: $847
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 Putnam

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1525 ft²

Average Home Age

43.9 years

Currently For Sale

17 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: James Daniels, Southwest Realty Services, Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12162169
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 227 Lake Thunderbird Drive built and last sold?
The property at 227 Lake Thunderbird Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 227 Lake Thunderbird Drive is $2,525.
What are some comparable homes to 227 Lake Thunderbird Drive?
There are currently no comparable homes to 227 Lake Thunderbird Drive.
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