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Fairmont 60441
303 Bruce Road
$216,000
● House - Off Market

303 Bruce Road

Lockport, IL 60441
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,412
Est. Monthly

About This Property

Welcome to this inviting 3-bedroom, 1-bath home set on an oversized double lot in desirable Lockport! Offering both comfort and opportunity, this property features a bright and airy living space, spacious bedrooms, and a practical layout perfect for everyday living. Step outside to enjoy the expansive yard-ideal for entertaining, outdoor activities, or future additions. With ample space and endless potential, this home is a rare find. Conveniently located close to schools, parks, shopping, and dining. A great opportunity to own a property with room to grow!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$200
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1961

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,470
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DELLWOOD HIGHLANDS
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 293 294 IN DELLWOOD HIGHLANDS, BEING A SUB OF PRT OF THE S1/2 OF THE S1/2 OF SECS. 26 27, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880702

Geography

  • Parcel: 11-04-26-304-018
  • Lot: 293
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5679
  • Longitude: -88.0634

    Address

  • Full Address: 303 Bruce Rd
  • Address - House Number: 303
  • Address - Street Name: Bruce
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lockport
  • Carrier Code: C002
  • 4-Digit Zip Code: 4908
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $433,140
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1675
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 202,738
  • High Value: 236,714
  • Low Value: 168,762

    Market Valuation

  • Market Total Value: $143,571
  • Market Land Value: $54,135
  • Market Improvement Value: $89,436

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,857
  • Assessed Land Value: $18,045
  • Assessed Improvements Value: $29,812

    Sales

  • Current Sale Contract Date: Aug 28, 2015
  • Current Sale Recording Date: Sep 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: R2015083258
  • Previous Sale Recording Date: Jul 20, 2015
  • Previous Sale Contract Date: Apr 06, 2015
  • Previous Sale Amount: $64,000
  • 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 Fairmont

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1379 ft²

Average Home Age

61.3 years

Currently For Sale

3 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: Jessica Macey, Real Broker LLC
Data Source: MRED, MLS# MRD12600147
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 303 Bruce Road built and last sold?
The property at 303 Bruce Road was built in 1961 and last sold on Aug 28, 2015 for $63,000.
How much is this home worth?
The estimated value of the home located at 303 Bruce Road is $0.
What are some comparable homes to 303 Bruce Road?
There are currently no comparable homes to 303 Bruce Road.
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