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Fairmont 60441
315 Bruce Road
$140,000
● House - Off Market

315 Bruce Road

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$162,139
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Great starter home or investment rental...only $149,900. 2 bedrooms, 1 bath 1 car detached garage with opener. Beautiful fenced yard with patio.  Living room has built-in cabinets, open family room off the kitchen, whole house fan, appliances stay, full basement that has been perma-sealed and sump-pump installed plus a moisture wrap on the walls.....Home is an Estate  Sale and is being sold as-is....
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$136
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
-

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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 #11267033)

Price History

Date / Event Date Event Price
Jan 20, 2022 Sold
Premium
Sold
Nov 10, 2021 Listed by Coldwell Banker Real Estate Group $149,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage

Building Info

Overview

    General

  • 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: 12,348
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELLWOOD HIGHLANDS
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 299 300 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: 11-04-26-304-021
  • Lot: 299
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5679
  • Longitude: -88.0624

    Address

  • Full Address: 315 Bruce Rd
  • Address - House Number: 315
  • 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: $318,784
  • Tax Rate Code Area: 1109

    Appraisal Valuation

  • Standard Deviation: 0.1675
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 171,678
  • High Value: 200,449
  • Low Value: 142,908

    Market Valuation

  • Market Total Value: $123,666
  • Market Land Value: $54,135
  • Market Improvement Value: $69,531

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,222
  • Assessed Land Value: $18,045
  • Assessed Improvements Value: $23,177

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7901
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

1221 ft²

Average Home Age

64.5 years

Currently For Sale

4 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 536 Parkview Lane, Lockport, IL, 60441

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
536 Parkview Lane #5, Lockport, IL, 60441 Listing by Varun Malhotra

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Margaret Apgar, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11267033
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 315 Bruce Road built and last sold?
The property at 315 Bruce Road was built in and last sold on Jan 10, 2022 for $137,200.
How much is this home worth?
The estimated value of the home located at 315 Bruce Road is $0.
What are some comparable homes to 315 Bruce Road?
There are currently no comparable homes to 315 Bruce Road.
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