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Lee 60530
261 W Hardanger Gate
$103,500
● House - Off Market

261 W Hardanger Gate

Lee, IL 60530
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,980 Ft²
$104,306
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Looking for your next project home with endless possibilities? 3 bedroom, 1 bath, 1.5 story home has great potential.  1,980 square feet. Wood burning fire place. Huge attic with interior stairs to make your own! Wooden built in storage and shelving located in dining room, hallway and bedroom. Unfinished basement with lots of storage space/rooms. Cash or conventional buyers only.  Home sold as-is.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$52
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1949

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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 #11363599)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Apr 6, 2022 Listed by American Realty $103,500
Listed by American Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SECT/LOT:01 TWP:38 RNG/BLK:002 SWQ OF E 2 A LOT 2 SEQ 9605-2172/2174 D TRT

Neighborhood

  • School District Name: Indian Creek Community Unit District 425
  • Census Tract: 000100

Geography

  • Account Number: 161667
  • District: 21
  • Parcel: 21-12-01-426-003
  • Block: 2
  • Lot: 2
  • Meridian: SEC 01 TWN 38 RNG 02
  • Municipality: WILLOW CREEK
  • Latitude: 41.7965
  • Longitude: -88.9452

    Address

  • Full Address: 261 W Hardanger Gate
  • Address - House Number: 261
  • Street Direction: W
  • Address - Street Name: Hardanger Gate
  • State: IL
  • City Name: Lee
  • Carrier Code: R004
  • 4-Digit Zip Code: 9720
  • Zip Code: 60530

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $281,110
  • Tax Rate Code Area: 21001

    Appraisal Valuation

  • Standard Deviation: 0.2501
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 64
  • Final Value: 160,129
  • High Value: 200,192
  • Low Value: 120,067

    Market Valuation

  • Market Total Value: $121,935
  • Market Land Value: $9,546
  • Market Improvement Value: $112,389

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,645
  • Assessed Land Value: $3,182
  • Assessed Improvements Value: $37,463

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202202172
  • Previous Sale Recording Date: Aug 14, 2002
  • Previous Sale Contract Date: Aug 14, 2002
  • Previous Sale Amount: $102,400
  • Previous Sale Document Type: 27

    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 Lee

Stats & Trends

Median Asking:

$252,400

Sale Price/ft²

$176

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1352 ft²

Average Home Age

50 years

Currently For Sale

1 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

Rentals Near You

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MRED

Listed by: Michelle Ohlinger, American Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11363599
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 261 West Hardanger Gate built and last sold?
The property at 261 West Hardanger Gate was built in 1949 and last sold on May 23, 2022 for $103,500.
How much is this home worth?
The estimated value of the home located at 261 West Hardanger Gate is $0.
What are some comparable homes to 261 West Hardanger Gate?
There are currently no comparable homes to 261 West Hardanger Gate.
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