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Kankakee 60954
3190 Serpentine Drive
$72,500
● House - Off Market

3190 Serpentine Drive

Momence, IL 60954
bedrooms
2 Beds
bathrooms
1 Bath
square feet
624 Ft²
$72,302
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

If you have been looking for an affordable way to get a riverfront property, this is it! Located in the Garden of Eden subdivision, this cute two bedroom cottage with a wrap around deck overlooks the Kankakee River. It has a two car detached garage, and recently got a new roof! Schedule your showing today! Property is being sold "As-is." Property is owner occupied. Please do not walk the grounds without an appointment.
Unit Size
624 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
$25
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 #11790089)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
May 23, 2023 Listed by Berkshire Hathaway HomeServices Speckman Realty $72,500
Listed by Berkshire Hathaway HomeServices Speckman Realty

Property Highlights

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: 6,600
  • 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: EDEN SUB
  • Land Acres: 0000000151
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GARDEN OF EDEN SUB WH WH LOT 29 & ALL LOT 28 BLK 8 13-31-14E

Neighborhood

  • School District Name: Momence Community Unit School District 1
  • Census Tract: 010900

Zoning

  • Zoning: A1

Geography

  • District: 5
  • Parcel: 05-11-13-305-007
  • Block: 8
  • Lot: 28,29
  • Municipality: MOMENCE
  • Latitude: 41.1683
  • Longitude: -87.5643

    Address

  • Full Address: 3190 Serpentine Dr
  • Address - House Number: 3190
  • Address - Street Name: Serpentine
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Momence
  • Carrier Code: R001
  • 4-Digit Zip Code: 3262
  • Zip Code: 60954

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,072
  • Tax Rate Code Area: 5002

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 68,646
  • High Value: 85,348
  • Low Value: 51,944

    Market Valuation

  • Market Total Value: $70,770
  • Market Land Value: $3,705
  • Market Improvement Value: $67,065

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,590
  • Assessed Land Value: $1,235
  • Assessed Improvements Value: $22,355

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6826
  • Previous Sale Recording Date: Oct 29, 2014
  • Previous Sale Contract Date: Oct 23, 2014
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 36
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 Kankakee

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2039 ft²

Average Home Age

57.5 years

Currently For Sale

207 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: Kellie Baranowski, Berkshire Hathaway HomeServices Speckman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11790089
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 3190 Serpentine Drive built and last sold?
The property at 3190 Serpentine Drive was built in and last sold on Jul 21, 2023 for $72,500.
How much is this home worth?
The estimated value of the home located at 3190 Serpentine Drive is $0.
What are some comparable homes to 3190 Serpentine Drive?
There are currently no comparable homes to 3190 Serpentine Drive.
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