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Crest Hill 60403
2516 Lotus Lane
$215,000
● House - Off Market

2516 Lotus Lane

Crest Hill, IL 60403
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,362 Ft²
$1,502
Est. Monthly
$130
HOA / Fees
12.70%
Cap Rate

About This Property

Welcome to this well maintained 3-bedroom, 1.5-bath townhome with great back yard outdoor space and an attached 1-car garage, perfect for both parking and additional storage. The main floor features newer ceramic tile flooring that adds a modern touch and is easy to maintain. The spacious living and dining areas offer a comfortable layout, ideal for everyday living and entertaining. The kitchen comes fully equipped, and all appliances stay-including the washer and dryer-making your move-in process simple and stress-free. Enjoy peace of mind with a newer AC unit installed within the last 3 years, providing energy-efficient comfort throughout the seasons. With its blend of updates, functionality, and low-maintenance living, this townhome is ready to welcome you home!
Unit Size
1,362 Ft²
Days on Market
-
Land Size
-
Price per sqft
$158
Property Type
House
Property Taxes
$315
HOA Dues
$130
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.

Property Highlights

Garage
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 Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 209
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,725
  • Total Building Area: 1,362
  • Building Area: 1,362
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,362
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY SQUIRE
  • Land Acres: 0000000040
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 19 IN COUNTRY SQUIRE SUB IN THE E1/2 OF THE NE1/4 OF SEC 36, T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880412

Geography

  • Parcel: 06-03-36-210-019-1019
  • Lot: 19
  • Meridian: SEC 36 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5623
  • Longitude: -88.1469

    Address

  • Full Address: 2516 Lotus Ln
  • Address - House Number: 2516
  • Address - Street Name: Lotus
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Crest Hill
  • Carrier Code: C017
  • 4-Digit Zip Code: 1662
  • Zip Code: 60403

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $356,108
  • Tax Rate Code Area: 0609

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 203,964
  • High Value: 239,240
  • Low Value: 168,688

    Market Valuation

  • Market Total Value: $147,084
  • Market Land Value: $3
  • Market Improvement Value: $147,081

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,028
  • Assessed Land Value: $1
  • Assessed Improvements Value: $49,027

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 16, 2017
  • Current Sale Recording Date: Jan 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018004831
  • Previous Sale Recording Date: Aug 07, 2017
  • Previous Sale Contract Date: Jul 20, 2017
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Crest Hill

Stats & Trends

Median Asking:

$287,000

Sale Price/ft²

$195

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1598 ft²

Average Home Age

35.6 years

Currently For Sale

46 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

Unit for rent at 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Ivemeyer, O'Neil Property Group, LLC
Data Source: MRED, MLS# MRD12448639
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 2516 Lotus Lane built and last sold?
The property at 2516 Lotus Lane was built in and last sold on Nov 16, 2017 for $134,900.
How much is this home worth?
The estimated value of the home located at 2516 Lotus Lane is $219,878.
What are some comparable homes to 2516 Lotus Lane?
There are currently no comparable homes to 2516 Lotus Lane.
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