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Herscher 60941
324 N Park Road
$199,000
● House - Off Market

324 N Park Road

Herscher, IL 60941
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,150 Ft²
$199,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Nice 3 Bedroom, 2 Bath home with full finished basement and 2-car attached garage that is heated. Home recently got new paint, beautiful hardwood floors, new trim, new interior doors! move in ready! additional features include a beautiful fully fenced in yard with new white fence for privacy. Other features include deck and porch. The basement is a huge bonus giving you additional living space, a bar for entertaining, and a nice storage area giving you additional living space and storage space! nothing else to do but move in. perfect location and desired Herscher school district. This one will go fast so call to schedule a showing today!
Unit Size
1,150 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$340
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 #11911891)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Oct 19, 2023 Listed by Chicago Residential Experts $199,900
Listed by Chicago Residential Experts

Property Highlights

Air Conditioning

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: 13,398
  • 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: HEIMBERGER ADD
  • Land Acres: 0000000307
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HEIMBERGER ADDN LOT 1 28-30-10E

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 012600

Geography

  • District: 14
  • Parcel: 14-14-28-107-001
  • Lot: 1
  • Municipality: PILOT
  • Latitude: 41.0533
  • Longitude: -88.0947

    Address

  • Full Address: 324 N Park Rd
  • Address - House Number: 324
  • Street Direction: N
  • Address - Street Name: Park
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Herscher
  • Carrier Code: R001
  • 4-Digit Zip Code: 9708
  • Zip Code: 60941

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $408,206
  • Tax Rate Code Area: 14004

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 211,362
  • High Value: 256,328
  • Low Value: 166,396

    Market Valuation

  • Market Total Value: $190,818
  • Market Land Value: $36,033
  • Market Improvement Value: $154,785

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,606
  • Assessed Land Value: $12,011
  • Assessed Improvements Value: $51,595

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Dec 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11752
  • Previous Sale Recording Date: May 26, 2011
  • Previous Sale Contract Date: May 25, 2011
  • Previous Sale Amount: $140,000
  • 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 Herscher

Stats & Trends

Median Asking:

$209,900

Sale Price/ft²

$167

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2292 ft²

Average Home Age

76.5 years

Currently For Sale

2 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: Kyle Geistwhite, Chicago Residential Experts
Last Updated: 3 years ago
Data Source: MRED, MLS# 11911891
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 324 North Park Road built and last sold?
The property at 324 North Park Road was built in and last sold on Nov 30, 2023 for $199,000.
How much is this home worth?
The estimated value of the home located at 324 North Park Road is $0.
What are some comparable homes to 324 North Park Road?
There are currently no comparable homes to 324 North Park Road.
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