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Oregon 61061
281 Parkview Drive
$225,000
● House - Off Market

281 Parkview Drive

Oregon, IL 61061
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,404 Ft²
$236,830
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Lovely Century Hills home! 3 bedrooms, 2.5 bath, attached 3 car heated garage. Finished basement has egress windows, 1/2 bath, game room and tons of storage. There is a radon mitigation system already in place. Updated kitchen with granite counters and stainless appliances.  Updated fixtures and flooring throughout. Living room features vaulted ceilings with a gas fireplace.  Composite decking overlooks the large, privacy fenced yard. The cozy master bedroom has soft plush carpet, a large walk in closet and adorable master bath.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$167
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
2003

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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 #11369049)

Price History

Date / Event Date Event Price
May 24, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Re/Max Sauk Valley $235,000
Listed by Re/Max Sauk Valley

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,404
  • Garage Type: 1
  • Garage Square Area: 778
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY HILLS SUB
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: RNG/BLK: TWP:0 SECT/LOT: LOT 3 CENTURY HILLS CITY OF OREGON

Neighborhood

  • School District Name: Oregon Community Unit School District 220
  • Census Tract: 961400

Geography

  • District: 18
  • Parcel: 16-04-105-003
  • Lot: 3
  • Municipality: OREGON-NASHUA
  • Latitude: 42.0189
  • Longitude: -89.3515

    Address

  • Full Address: 281 Parkview Dr
  • Address - House Number: 281
  • Address - Street Name: Parkview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oregon
  • Carrier Code: R004
  • 4-Digit Zip Code: 1060
  • Zip Code: 61061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $702,618
  • Tax Rate Code Area: 1840

    Appraisal Valuation

  • Standard Deviation: 0.238
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 66
  • Final Value: 230,262
  • High Value: 285,071
  • Low Value: 175,453

    Market Valuation

  • Market Total Value: $222,432
  • Market Land Value: $35,955
  • Market Improvement Value: $186,477

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,144
  • Assessed Land Value: $11,985
  • Assessed Improvements Value: $62,159

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202203009
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $174,000
  • 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 Oregon

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

44

Average Home Size

1650 ft²

Average Home Age

84.2 years

Currently For Sale

7 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 709 Franklin Street, Oregon, IL, 61061

$2,500 /mo

  • 5 Beds
  • 4 Baths
  • 3,035 ft²
709 Franklin Street, Oregon, IL, 61061 Listing by Carla Benesh

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tracey DeCrane, Re/Max Sauk Valley
Last Updated: 3 years ago
Data Source: MRED, MLS# 11369049
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 281 Parkview Drive built and last sold?
The property at 281 Parkview Drive was built in 2003 and last sold on May 20, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 281 Parkview Drive is $0.
What are some comparable homes to 281 Parkview Drive?
There are currently no comparable homes to 281 Parkview Drive.
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