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Logan 61754
2319 2350th Street
$585,000
● House - Off Market

2319 2350th Street

Mclean, IL 61754
bedrooms
2 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,059 Ft²
$596,540
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Stunning custom-built red pine log home situated on 16.57 acres of picturesque landscape. This unique property has a mix of timber, pasture, and even some tillable acres. Both the pond and the creek draw in a multitude of wildlife. The wrap around porch highlights the beauty of all this property has to offer. Unbelievable natural light feeds into the great room showcasing the gas log fireplace. Primary bedroom, bathroom and laundry are all located on the main level. 40 x 60 outbuilding contains additional living space featuring a kitchenette, full bath, and bedroom. The walkout basement was made for entertaining with its 25x26 family room and wet bar. Properties like this don't come up often!
Unit Size
3,059 Ft²
Days on Market
-
Land Size
17.00 acres
Price per sqft
$196
Property Type
House
Property Taxes
$638
HOA Dues
-
Year Built
-

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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 #11793080)

Price History

Date / Event Date Event Price
Aug 7, 2023 Sold
Premium
Sold
May 26, 2023 Listed by RE/MAX Choice $599,900
Listed by RE/MAX Choice

Property Highlights

Air Conditioning

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: 503,554
  • 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: R
  • Land Acres: 0000011560
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: 5-204B S 24 T 21 R1 11.56 A TR PT NE 1/4 SW 1/4

Neighborhood

  • School District Name: Olympia Community Unit School District 16
  • Census Tract: 952900

Geography

  • District: 05
  • Parcel: 05-024-006-60
  • Municipality: ATLANTA
  • Latitude: 40.2559
  • Longitude: -89.1631

    Address

  • Full Address: 2319 2350th St
  • Address - House Number: 2319
  • Address - Street Name: 2350th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mc Lean
  • Carrier Code: R003
  • 4-Digit Zip Code: 9303
  • Zip Code: 61754

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $781,496
  • Tax Rate Code Area: 05001

    Appraisal Valuation

  • Standard Deviation: 0.1218
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 75
  • Final Value: 490,740
  • High Value: 550,523
  • Low Value: 430,956

    Market Valuation

  • Market Total Value: $310,260
  • Market Land Value: $13,470
  • Market Improvement Value: $296,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,310
  • Assessed Land Value: $4,730
  • Assessed Improvements Value: $101,580

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 07, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023002583
  • Previous Sale Recording Date: Jan 16, 2014
  • Previous Sale Contract Date: Jan 09, 2014
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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 Logan

Stats & Trends

Median Asking:

$122,500

Sale Price/ft²

$90

Below Asking

0.04%

Average Days on Market

58

Average Home Size

4272 ft²

Average Home Age

120 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

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MRED

Listed by: Larissa Seggerman, RE/MAX Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11793080
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 2319 2350th Street built and last sold?
The property at 2319 2350th Street was built in and last sold on Aug 7, 2023 for $585,000.
How much is this home worth?
The estimated value of the home located at 2319 2350th Street is $0.
What are some comparable homes to 2319 2350th Street?
There are currently no comparable homes to 2319 2350th Street.
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