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Wilmington 60481
306 S Outer Drive
$122,500
● House - Off Market

306 S Outer Drive

Wilmington, IL 60481
bedrooms
2 Beds
bathrooms
1 Bath
square feet
750 Ft²
$128,195
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Move into this charming 2 bedroom 1 bath Ranch Home.Perfect for home owners & investors.Fresh paint through out the home.Kitchen with new stainless steel appliances & breakfast table space.Nice size backyard.Shed for extra storage.Sold AS.IS .
Unit Size
750 Ft²
Days on Market
-
Land Size
-
Price per sqft
$172
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
-

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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 #11878237)

Price History

Date / Event Date Event Price
Sep 26, 2023 Sold
Premium
Sold
Sep 8, 2023 Listed by RE/MAX Action $129,000
Listed by RE/MAX Action

Property Highlights

Building Info

Overview

    General

  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,911
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHCREST
  • Land Acres: 0000000070
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 70 (EX THAT PRT LYING W OF A LINE BEGINNING AT A POINT ON THE S LINE OF SAID LOT 41.87 FT W OF THE SE1/4 CORNER OF SAID L

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 883402

Geography

  • Parcel: 03-17-25-104-021
  • Lot: 70
  • Municipality: WILMINGTON
  • Latitude: 41.3171
  • Longitude: -88.1468

    Address

  • Full Address: 306 S Outer Dr
  • Address - House Number: 306
  • Street Direction: S
  • Address - Street Name: Outer
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C002
  • 4-Digit Zip Code: 1056
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $210,734
  • Tax Rate Code Area: 0302

    Appraisal Valuation

  • Standard Deviation: 0.1794
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 133,650
  • High Value: 157,631
  • Low Value: 109,669

    Market Valuation

  • Market Total Value: $99,834
  • Market Land Value: $23,796
  • Market Improvement Value: $76,038

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,278
  • Assessed Land Value: $7,932
  • Assessed Improvements Value: $25,346

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 26, 2023
  • Current Sale Recording Date: Sep 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 50535
  • Previous Sale Recording Date: Jun 20, 2023
  • Previous Sale Contract Date: Jun 20, 2023
  • Previous Sale Amount: $72,082
  • Previous Sale Document Type: 64
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 Wilmington

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$184

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1901 ft²

Average Home Age

24.7 years

Currently For Sale

9 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: Ayesha Afaq, RE/MAX Action
Last Updated: 3 years ago
Data Source: MRED, MLS# 11878237
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 306 South Outer Drive built and last sold?
The property at 306 South Outer Drive was built in and last sold on Sep 26, 2023 for $122,500.
How much is this home worth?
The estimated value of the home located at 306 South Outer Drive is $0.
What are some comparable homes to 306 South Outer Drive?
There are currently no comparable homes to 306 South Outer Drive.
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