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Lockport 60441
311 Bonnie Drive
$189,000
● House - Off Market

311 Bonnie Drive

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
906 Ft²
$214,094
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Charming & Recently updated! Don't miss out on this cozy 2 bed, 1 bath ranch home in a lovely, quiet neighborhood. One level living  with a open floor concept. Flowing color scheme, recessed lighting, newer floors and freshly painted. The kitchen is super cute with a island and updated cabinets and countertops and kitchen sink. Wait until you see this wonderful backyard. Little slice of heaven to drink your morning coffee at. This home has been well cared for with long time owners. Don't miss this one!! It won't last long. Close to shopping, and Interstate.
Unit Size
906 Ft²
Days on Market
-
Land Size
-
Price per sqft
$212
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1959

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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 #11231140)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Sep 27, 2021 Listed by eXp Realty, LLC $192,000
Listed by eXp Realty, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 360
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,286
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BONNIE BRAE UNIT TWO
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 20 BLOCK 9 IN BONNIE BRAE UNIT TWO, BEING A SUB OF PRT OF THE S1/2 OF SEC 13, T36N-R10E.

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880502

Geography

  • Parcel: 11-04-13-403-017
  • Block: 9
  • Lot: 20
  • Meridian: SEC 13 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.6004
  • Longitude: -88.0336

    Address

  • Full Address: 311 Bonnie Dr
  • Legal Unit: 2
  • Address - House Number: 311
  • Address - Street Name: Bonnie
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lockport
  • Carrier Code: C016
  • 4-Digit Zip Code: 3203
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $402,570
  • Tax Rate Code Area: 1122

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 213,420
  • High Value: 249,464
  • Low Value: 177,376

    Market Valuation

  • Market Total Value: $167,175
  • Market Land Value: $67,128
  • Market Improvement Value: $100,047

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,725
  • Assessed Land Value: $22,376
  • Assessed Improvements Value: $33,349

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2022004225
  • Previous Sale Recording Date: Jun 05, 1987
  • Previous Sale Contract Date: Jun 05, 1987
  • Previous Sale Amount: $38,500
  • Previous Sale Document Type: 27
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 Lockport

Stats & Trends

Median Asking:

$384,074

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1946 ft²

Average Home Age

32.8 years

Currently For Sale

64 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 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 618 E 12th Street, Lockport, IL, 60441

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,300 ft²
618 E 12th Street, Lockport, IL, 60441 Listing by Dmitri Grebennikov

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Neill, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11231140
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 311 Bonnie Drive built and last sold?
The property at 311 Bonnie Drive was built in 1959 and last sold on Nov 29, 2021 for $189,000.
How much is this home worth?
The estimated value of the home located at 311 Bonnie Drive is $194,562.
What are some comparable homes to 311 Bonnie Drive?
There are currently no comparable homes to 311 Bonnie Drive.
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