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Will 60442
27461 S Scheer Road
$21,000
● Land - Off Market

27461 S Scheer Road

Manhattan, IL 60442
bedrooms
Studio
bathrooms
0 Bath
$51,319
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Calling all investors!!! The value is in the LAND!!
Unit Size
-
Days on Market
-
Land Size
0.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
$64
HOA Dues
-
Year Built
-

Payment Calculator

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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 #10397511)

Price History

Date / Event Date Event Price
Aug 19, 2019 Sold
Premium
Sold
May 24, 2019 Listed by Keller Williams Preferred Rlty $35,000
Listed by Keller Williams Preferred Rlty
Calling all investors!!! The value is in the LAND!!

Property Highlights

Garage

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: 19,166
  • 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: 0000000440
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE N 95 FT OF THE W 238 FT OF THE SW1/4 OF SEC. 31, T34N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883507

Geography

  • Parcel: 18-13-31-300-001
  • Meridian: SEC 31 TWN 34N RNG 12E
  • Municipality: GREEN GARDEN
  • Latitude: 41.3887
  • Longitude: -87.9022

    Address

  • Full Address: 27461 S Scheer Rd
  • Address - House Number: 27461
  • Street Direction: S
  • Address - Street Name: Scheer
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R004
  • 4-Digit Zip Code: 9576
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $74,306
  • Tax Rate Code Area: 1805

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 68,232
  • High Value: 76,087
  • Low Value: 60,377

    Market Valuation

  • Market Total Value: $36,741
  • Market Land Value: $19,473
  • Market Improvement Value: $17,268

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $12,247
  • Assessed Land Value: $6,491
  • Assessed Improvements Value: $5,756

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: R2019056648
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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2344 ft²

Average Home Age

33.9 years

Currently For Sale

1529 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: Harry Ventimiglia, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 10397511
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 27461 South Scheer Road built and last sold?
The property at 27461 South Scheer Road was built in and last sold on Aug 19, 2019 for $2,100.
How much is this home worth?
The estimated value of the home located at 27461 South Scheer Road is $0.
What are some comparable homes to 27461 South Scheer Road?
There are currently no comparable homes to 27461 South Scheer Road.
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