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Heritage Lake 61755
341 Westminster Drive
$255,000
● House - Off Market

341 Westminster Drive

Mackinaw, IL 61755
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,660 Ft²
$1,439
Est. Monthly
$57
HOA / Fees
4.53%
Cap Rate

About This Property

Located at the end of a Cul de sac, this property sits on a double lot for that extra space. Spacious brick ranch built in 1977 with a double front door entry and large room sizes throughout. Formal dining room with slider to deck. The kitchen island has a gas stove top and there is a built-in wall oven. Primary bedroom with a walk-in closet and full bath. The walkout basement has a large family room with a gas log fireplace. Nice workshop with a separate door to outside. A partially fenced rear yard for pets and a 12x16 storage shed for the lawn mowers and such. Updated roof in 2020 and furnace in 2014.
Unit Size
1,660 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$57
HOA Dues
$57
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MRED MLS #12023092)

Price History

Date / Event Date Event Price
Jun 13, 2024 Sold
Premium
Sold
Apr 6, 2024 Listed by Henderson-Weir Agency Inc $269,900
Listed by Henderson-Weir Agency Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,660
  • Garage Type: 1
  • Garage Square Area: 1,100
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,830
  • Lot Size Depth Feet: 2,900
  • Lot Size Frontage Feet: 2,270
  • Total Building Area: 5,530
  • Gross Building Area: 5,530
  • Building Area: 1,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,660
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE LAKE
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 510
  • Legal Description 1: SEC 16 T24N R2W HERITAGE LAKE UNIT 4 LOTS 60 & 61 NE 1/4

Neighborhood

  • School District Name: Deer Creek-Mackinaw Community Unit School District 701
  • Census Tract: 021701

Geography

  • District: 130
  • Section: 16
  • Parcel: 13-13-16-205-043
  • Lot: 60,61
  • Meridian: SEC 16 TWN 24N RNG 02W
  • Municipality: MACKINAW
  • Latitude: 40.5416
  • Longitude: -89.3265

    Address

  • Full Address: 341 Westminster Dr
  • Legal Unit: 4
  • Address - House Number: 341
  • Address - Street Name: Westminster
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mackinaw
  • Carrier Code: R002
  • 4-Digit Zip Code: 9096
  • Zip Code: 61755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $68,370
  • Tax Rate Code Area: 13003

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 262,761
  • High Value: 310,647
  • Low Value: 214,875

    Market Valuation

  • Market Total Value: $217,200
  • Market Land Value: $27,780
  • Market Improvement Value: $189,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,400
  • Assessed Land Value: $9,260
  • Assessed Improvements Value: $63,140

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Heritage Lake

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$124

Above Asking

0.00%

Average Days on Market

30

Average Home Size

1976 ft²

Average Home Age

50 years

Currently For Sale

0 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: Chad Hovey, Henderson-Weir Agency Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12023092
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 341 Westminster Drive built and last sold?
The property at 341 Westminster Drive was built in 1998 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 341 Westminster Drive is $272,599.
What are some comparable homes to 341 Westminster Drive?
There are currently no comparable homes to 341 Westminster Drive.
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