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Montgomery 60538
3224 Kennedy Drive
$220,000
● House - Off Market

3224 Kennedy Drive

MONTGOMERY, IL 60538
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$402,146
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

GREAT OPPORTUNITY--BANK OWNED PROPERTY--QUICK CLOSE--NO HASSLES--VERY GOOD CONDITION----OVER 3000 SQ FT---FULL BASEMENT--3 CAR GARAGE--GREAT VALUE!!!!  SOLD AS-IS--NO SURVEY
Unit Size
3,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$84
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
2004

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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 #09711113)

Price History

Date / Event Date Event Price
Oct 20, 2017 Sold
Premium
Sold
Aug 3, 2017 Listed by Berkshire Hathaway HomeServices Starck Real Estate $253,000
Listed by Berkshire Hathaway HomeServices Starck Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,499
  • Garage Type: 1
  • Garage Square Area: 599
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,985
  • Total Building Area: 5,293
  • Gross Building Area: 5,293
  • Building Area: 3,195
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,195
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRFIELD WAY
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: FAIRFIELD WAY UNIT 2 LOT 215

Neighborhood

  • School District Name: Yorkville Community Unit School District 115
  • Census Tract: 854508

Geography

  • Parcel: 14-34-478-001
  • Lot: 215
  • Municipality: SUGAR GROVE
  • Latitude: 41.726
  • Longitude: -88.4165

    Address

  • Full Address: 3224 Kennedy Dr
  • Legal Unit: 2
  • Address - House Number: 3224
  • Address - Street Name: Kennedy
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Montgomery
  • Carrier Code: R003
  • 4-Digit Zip Code: 3329
  • Zip Code: 60538

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $775,216
  • Tax Rate Code Area: SG008

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 356,597
  • High Value: 411,370
  • Low Value: 301,824

    Market Valuation

  • Market Total Value: $256,393
  • Market Land Value: $69,235
  • Market Improvement Value: $187,158

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,430
  • Assessed Land Value: $23,069
  • Assessed Improvements Value: $62,361

    Sales

  • Current Sale Contract Date: Oct 19, 2017
  • Current Sale Recording Date: Oct 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017K056777
  • Previous Sale Recording Date: Jun 05, 2017
  • Previous Sale Contract Date: May 02, 2014
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Montgomery

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$199

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2026 ft²

Average Home Age

23.2 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 4429 Tampa Drive, Yorkville, IL, 60560

$3,489 /mo

  • 4 Beds
  • 2 Baths
  • 3,000 ft²
4429 Tampa Drive, Yorkville, IL, 60560 Listing by Eva Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Berkshire Hathaway HomeServices Starck Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09711113
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 3224 Kennedy Drive built and last sold?
The property at 3224 Kennedy Drive was built in 2004 and last sold on Oct 19, 2017 for $220,000.
How much is this home worth?
The estimated value of the home located at 3224 Kennedy Drive is $270,520.
What are some comparable homes to 3224 Kennedy Drive?
There are currently no comparable homes to 3224 Kennedy Drive.
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