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Lee 60530
331 Erickson Gate
Photo of 331 Erickson Gate

30

Map

Photo of 331 Erickson Gate
Photo of 331 Erickson Gate
$254,000
● House - In Contract

331 Erickson Gate

Lee, IL 60530
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,592 Ft²
$1,638
Est. Monthly

About This Property

Small-town charm set on a generous half-acre lot backing to open fields~ This 3 bedroom 2 bath home offers spacious rooms, and a roomy kitchen that flows into a heated three-season sunroom made for slowing down and enjoying the view~ Finished basement adds flexible space for an office or recreation, along with plenty of storage.  Savor the quiet, country feel tucked away from heavy traffic~ With only 2 home owners this property has been well loved and is waiting for you to make it your own~ Recent improvements include Sump pump approx 1 year old, Roof replaced 2016, Furnace/AC replaced 2022, and  multiple cosmetic replacements throughout~ Pool can stay or the homeowner is happy to remove~
Unit Size
1,592 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$160
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1976

Listed By

Debora McKay
[email protected]
Coldwell Banker Realty
Dana Mascenic
[email protected]
@properties Christie's International Real Estate

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Asphalt, Garage Door Opener, Garage, Attached, Unassigned, Yes, Owned
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: 1st Floor Bedroom, 1st Floor Full Bath
Rooms: 7
Basement: Partially Finished, Full
Exterior Details
Square Footage: 1592
Square Footage Source: $0
Architectural Style: Ranch
Year Built: 1977
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck
Lot Size Area: 22172.04
Lot Size Units: Square Feet
Lot Size Acres: 0.509
Lot Size Square Feet: 22172.04
Lot Size Dimensions: 150 X 148
Water Source: Public
Financial Details
Tax Annual Amount: $4,687
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,200
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,592
  • Building Area: 1,592
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,592
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ERICKSONS ADD
  • Land Acres: 0000000510
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SECT/LOT:00 TWP:00 RNG/BLK:000 ERICKSONS ADD TO VILLAGE OF LT 5 W 50 FT LT 4

Neighborhood

  • School District Name: Indian Creek Community Unit District 425
  • Census Tract: 000100

Geography

  • Account Number: 134730
  • District: 21
  • Parcel: 21-12-01-401-010
  • Lot: 4-5
  • Municipality: WILLOW CREEK
  • Latitude: 41.797
  • Longitude: -88.9477

    Address

  • Full Address: 331 Erickson Gate
  • Address - House Number: 331
  • Address - Street Name: Erickson Gate
  • State: IL
  • City Name: Lee
  • Carrier Code: R004
  • 4-Digit Zip Code: 9728
  • Zip Code: 60530

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $337,664
  • Tax Rate Code Area: 21001

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 65
  • Final Value: 184,208
  • High Value: 229,660
  • Low Value: 138,757

    Market Valuation

  • Market Total Value: $142,845
  • Market Land Value: $15,009
  • Market Improvement Value: $127,836

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,615
  • Assessed Land Value: $5,003
  • Assessed Improvements Value: $42,612

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 05, 2015
  • Current Sale Recording Date: Jun 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201502314

    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 Lee

Stats & Trends

Median Asking:

$189,950

Sale Price/ft²

$125

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1900 ft²

Average Home Age

84.8 years

Currently For Sale

78 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: Debora McKay, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12764782
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 331 Erickson Gate built and last sold?
The property at 331 Erickson Gate was built in 1976 and last sold on Jun 5, 2015 for $59,500.
How much is this home worth?
The estimated value of the home located at 331 Erickson Gate is $254,741.
What are some comparable homes to 331 Erickson Gate?
There are currently no comparable homes to 331 Erickson Gate.
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