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Minooka 60447
312 Chippewa Drive
$263,000
● House - Off Market

312 Chippewa Drive

Minooka, IL 60447
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,520 Ft²
$303,162
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This is a nice 4 bedroom 3 bath ranch.The layout is very open with vaulted ceiling in living dining room area.Kitchen has abundance of cabinets and counter space  with a breakfast bar area to put stools.  Master bedroom is large with a full bathroom with a jacuzzi.Laundry room is by itself on 1st floor.Another full bathroom for other two  bedrooms on 1st floor.Lower level has its own family room and bedroom with another full bath.Alot of storage areas are in this home also.Outside you have a large open yard that is fenced in with a beautiful privacy fence.Nicely landscaped in front and back.Large concrete covered porch in front.Also large wooden patio in back to sit and relax.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$174
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
2002

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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 #11134177)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jun 24, 2021 Listed by Village Realty, Inc. $264,900
Listed by Village Realty, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,520
  • Gross Building Area: 1,520
  • Building Area: 1,520
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,520
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MEADOWS FOURTH ADDITION
  • Land Acres: 0000000260
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: THE MEADOWS 4TH ADD LT 133 SEC 1-34-8

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 000102

Geography

  • District: 01
  • Parcel: 03-01-230-008
  • Lot: 133
  • Meridian: SEC 01 TWN 34N RNG 08W
  • Municipality: AUX SABLE TOWNSHIP
  • Latitude: 41.4615
  • Longitude: -88.2556

    Address

  • Full Address: 312 Chippewa Dr
  • Address - House Number: 312
  • Address - Street Name: Chippewa
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R008
  • 4-Digit Zip Code: 8778
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $703,584
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 74
  • Final Value: 311,290
  • High Value: 370,454
  • Low Value: 252,126

    Market Valuation

  • Market Total Value: $263,145
  • Market Land Value: $49,257
  • Market Improvement Value: $213,888

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,715
  • Assessed Land Value: $16,419
  • Assessed Improvements Value: $71,296

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 606638
  • Previous Sale Recording Date: Apr 01, 2015
  • Previous Sale Contract Date: Mar 31, 2015
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 40
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 Minooka

Stats & Trends

Median Asking:

$374,900

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2247 ft²

Average Home Age

27.3 years

Currently For Sale

38 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 144 Zapata Lane, Minooka, IL, 60447

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,232 ft²
144 Zapata Lane, Minooka, IL, 60447 Listing by Vytautas Sruoga

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sandra Doctor, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11134177
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 312 Chippewa Drive built and last sold?
The property at 312 Chippewa Drive was built in 2002 and last sold on Aug 13, 2021 for $263,000.
How much is this home worth?
The estimated value of the home located at 312 Chippewa Drive is $268,730.
What are some comparable homes to 312 Chippewa Drive?
There are currently no comparable homes to 312 Chippewa Drive.
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