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Lansing 60438
3312 N Schultz Drive
$200,000
● House - Off Market

3312 N Schultz Drive

Lansing, IL 60438
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,150 Ft²
$201,538
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

You will love this delightful newly renovated single family home. It has 4-bedrooms, 2-bathroom home -giving you 1,150 sq. ft. of spacious elegance. Modern gourmet kitchen perfect for your family who loves cooking. Stainless steel appliances and updated granite counters. Rooms are unique with high ceilings, and rich natural light. One of the highlight is the fireplace at the living room that you will surely love. You can enjoy with the family and even guests to the family room/game room at the lower level of the house. All of this is situated in a convenient, friendly neighborhood with outstanding schools. The large backyard has loads of room for outdoor activities. This property is waiting to be yours.
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$171
Property Type
House
Property Taxes
$534
HOA Dues
-
Year Built
1931

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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 #11430813)

Price History

Date / Event Date Event Price
Jul 25, 2022 Sold
Premium
Sold
Jun 7, 2022 Listed by Home First Realty Inc $196,990
Listed by Home First Realty Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,150
  • Gross Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCHULTZ PARK SUB IN SH SW SEC 32-36-
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828100

Geography

  • District: 37
  • Parcel: 30-32-317-023-0000
  • Lot: 278
  • Meridian: SEC 32 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.56
  • Longitude: -87.536

    Address

  • Full Address: 3312 N Schultz Dr
  • Address - House Number: 3312
  • Street Direction: N
  • Address - Street Name: Schultz
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Lansing
  • Carrier Code: C008
  • 4-Digit Zip Code: 3207
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $280,997
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2528
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 189,402
  • High Value: 237,291
  • Low Value: 141,512

    Market Valuation

  • Market Total Value: $130,010
  • Market Land Value: $34,380
  • Market Improvement Value: $95,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,001
  • Assessed Land Value: $3,438
  • Assessed Improvements Value: $9,563

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 42046
  • Previous Sale Recording Date: Mar 16, 2022
  • Previous Sale Contract Date: Feb 25, 2022
  • Previous Sale Amount: $101,000
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Lansing

Stats & Trends

Median Asking:

$214,900

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1446 ft²

Average Home Age

64.3 years

Currently For Sale

80 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 18326 Walter Street, Lansing, IL, 60438

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,623 ft²
18326 Walter Street, Lansing, IL, 60438 Listing by Wesley Thompson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Hugo Galicia, Home First Realty Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11430813
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 3312 North Schultz Drive built and last sold?
The property at 3312 North Schultz Drive was built in 1931 and last sold on Jul 21, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 3312 North Schultz Drive is $0.
What are some comparable homes to 3312 North Schultz Drive?
There are currently no comparable homes to 3312 North Schultz Drive.
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