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Will 60442
32220 S Cedar Road
$760,000
● House - Off Market

32220 S Cedar Road

Wilton Center, IL 60442
bedrooms
3 Beds
bathrooms
3 Baths
$669,348
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Great 4 bedroom ranch on 20 acres in rural Manhattan. Horses allowed!! 10 additional acres available to the south, currently being farmed. Ranch features large living room/dining room with wood burning fireplace and hardwood floors. Kitchen has granite countertops, breakfast bar and custom tile backsplash. Master features full bath with soaker tub and separate shower. Full basement has bedroom and full bath along with huge family room. Sliding door in kitchen leads to large covered patio. Large 30x64 pole building in back with concrete floor, electricity and 3 overhead doors. Pin number is part of a larger parcel, with the additional 10 acres available as well.
Unit Size
-
Days on Market
-
Land Size
20.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1994

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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 #11243094)

Price History

Date / Event Date Event Price
Mar 7, 2022 Sold
Premium
Sold
Oct 10, 2021 Listed by Coldwell Banker Real Estate Group $650,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 863,795
  • Lot Size Depth Feet: 13,220
  • Lot Size Frontage Feet: 3,300
  • Total Building Area: 1,550
  • Building Area: 1,550
  • Building Area Measurement: M

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 11
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000019830
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: THE S 659 FT OF THE FOLL DESC TRACT OF LAND: A PRT OF THE SE1/4 OF THE NE1/4 OF SEC. 33, T33N-R11E. DAF: COMM AT THE NE COR O

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883304

Geography

  • Parcel: 13-19-33-200-008
  • Meridian: SEC 33 TWN 33N RNG 11E
  • Municipality: WILTON
  • Latitude: 41.3021
  • Longitude: -87.9602

    Address

  • Full Address: 32220 S Cedar Rd
  • Address - House Number: 32220
  • Street Direction: S
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Manhattan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9185
  • Zip Code: 60442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,774
  • Tax Rate Code Area: 1301

    Market Valuation

  • Market Total Value: $271,155
  • Market Land Value: $65,124
  • Market Improvement Value: $206,031

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,244
  • Assessed Land Value: $24,568
  • Assessed Improvements Value: $75,676

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 37997
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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2342 ft²

Average Home Age

33.7 years

Currently For Sale

1511 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: S Lee Hansen, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11243094
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 32220 South Cedar Road built and last sold?
The property at 32220 South Cedar Road was built in 1994 and last sold on Feb 24, 2022 for $760,000.
How much is this home worth?
The estimated value of the home located at 32220 South Cedar Road is $0.
What are some comparable homes to 32220 South Cedar Road?
There are currently no comparable homes to 32220 South Cedar Road.
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