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Lostant 61334
308 W 2nd Street
$169,000
● House - Off Market

308 W 2nd Street

Lostant, IL 61334
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,338 Ft²
$1,019
Est. Monthly
12.86%
Cap Rate

About This Property

Nice & neat 2-bedroom, 2-bath ranch home on corner lot.  Built in 1989, 1.5-car garage, open floor plan.  Plenty of storage throughout.  Partially finished basement has family room, workshop, laundry and storage area.  Radon mitigation system and backup generator.  All appliances stay.  This home has been well cared for.  Schedule a showing today!
Unit Size
1,338 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1900

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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: 2 years ago (MRED MLS #12193618)

Price History

Date / Event Date Event Price
Nov 21, 2024 Sold
Premium
Sold
Oct 28, 2024 In contract -
In contract
Oct 21, 2024 Listed by Coldwell Banker Real Estate Group $169,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 12,012
  • Total Building Area: 1,104
  • Gross Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHEYS FIRST ADD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RICHEY'S ADD TO LOSTANT, LTS 6 & 7 (EX E66') BLK 11 SEC 24-31-1

Neighborhood

  • School District Name: Lostant Community Unit School District 425
  • Census Tract: 964100

Geography

  • District: HO
  • Parcel: 30-24-118-003
  • Block: 11
  • Lot: 6-7
  • Meridian: SEC 24 TWN 31 RNG 01
  • Municipality: HOPE TOWNSHIP
  • Latitude: 41.1417
  • Longitude: -89.063

    Address

  • Full Address: 308 W 3rd St
  • Address - House Number: 308
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lostant
  • Carrier Code: R003
  • 4-Digit Zip Code: 9045
  • Zip Code: 61334

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $192,156
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: HO016

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 54,771
  • High Value: 62,056
  • Low Value: 47,485

    Market Valuation

  • Market Total Value: $56,313
  • Market Land Value: $5,313
  • Market Improvement Value: $51,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,771
  • Assessed Land Value: $1,771
  • Assessed Improvements Value: $17,000

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-02627
  • Previous Sale Recording Date: Nov 12, 2020
  • Previous Sale Contract Date: Nov 01, 2020
  • Previous Sale Amount: $8,000
  • Previous Sale Document Type: 71
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 Lostant

Stats & Trends

Median Asking:

$149,950

Sale Price/ft²

$110

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1445 ft²

Average Home Age

81 years

Currently For Sale

0 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: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12193618
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 308 West 2nd Street built and last sold?
The property at 308 West 2nd Street was built in 1900 and last sold on Feb 10, 2021 for $65,000.
How much is this home worth?
The estimated value of the home located at 308 West 2nd Street is $0.
What are some comparable homes to 308 West 2nd Street?
There are currently no comparable homes to 308 West 2nd Street.
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