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Chicago Heights 60411
254 MEADOW Lane
$173,500
● House - Off Market

254 MEADOW Lane

Chicago Heights, IL 60411
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$194,588
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

HUGE AND NOT A DRIVE BY 3 BEDROOM BRICK RANCH WITH LARGE ROOMS AND A 56X27 UNFINISHED BASEMENT WITH FIREPLACE. ALL ROOMS ARE OVERSIZED LIKE THE 28X18 LIVING ROOM WITH A FIREPLACE AND HARDWOOD FLOORS. ALL BEDROOMS ARE GOOD SIZED WITH HARDWOOD FLOORS TOO. MASTER HAS A 3/4 PRIVATE BATH. BIG EAT IN KITCHEN THAT FITS ANY SIZED TABLE TOO. BEAUTIFUL PIECE OF PROPERTY FOR ANY SIZED FAMILY WITH A 15X11 DECK . BASEMENT ALSO HAS A 16X10 STORAGE AREA AND A 20 X15 UTILITY ROOM. VERY LARGE HOME THAT NEEDS SOME UPDATING AND DECORATING. BIGGER THAN IT LOOKS!!!! ESTATE SALE  AS-IS.
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
1958

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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 #11250999)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Oct 19, 2021 Listed by Harthside Realtors, Inc. $179,900
Listed by Harthside Realtors, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,637
  • Total Building Area: 1,982
  • Gross Building Area: 1,982
  • Building Area: 1,982
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,982
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD PARK ANNEX SUB
  • Land Acres: 0000000313
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-04
  • Legal Description 1: (SUBDIVISION) OF BLKS 1-3 IN SUB OF BLK 6 OF EDGEWOOD PARK ANNEX SUB OF EX PT INC IN SUB N3/4 WH NW SEC 20-35-14

Neighborhood

  • School District Name: Chicago Heights School District 170
  • Census Tract: 829200

Geography

  • District: 12
  • Parcel: 32-20-122-006-0000
  • Block: 1-3,6
  • Lot: 1
  • Meridian: SEC 20 TWN 35N RNG 14E
  • Municipality: BLOOM
  • Latitude: 41.5123
  • Longitude: -87.6525

    Address

  • Full Address: 254 Meadow Ln
  • Address - House Number: 254
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Chicago Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 2529
  • Zip Code: 60411

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $415,347
  • Tax Rate Code Area: 12028

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 231,010
  • High Value: 283,759
  • Low Value: 178,261

    Market Valuation

  • Market Total Value: $162,910
  • Market Land Value: $54,550
  • Market Improvement Value: $108,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,291
  • Assessed Land Value: $5,455
  • Assessed Improvements Value: $10,836

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Feb 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2203421283

    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 Chicago Heights

Stats & Trends

Median Asking:

$204,000

Sale Price/ft²

$156

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1170 ft²

Average Home Age

68.1 years

Currently For Sale

79 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 Dace, Harthside Realtors, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11250999
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 254 Meadow Lane built and last sold?
The property at 254 Meadow Lane was built in 1958 and last sold on Dec 28, 2021 for $173,500.
How much is this home worth?
The estimated value of the home located at 254 Meadow Lane is $181,699.
What are some comparable homes to 254 Meadow Lane?
There are currently no comparable homes to 254 Meadow Lane.
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