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Davis Junction 61020
344 Misty Meadow Lane
$190,000
● House - Off Market

344 Misty Meadow Lane

Davis Junction, IL 61020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,767 Ft²
$216,315
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Spacious 3Bed/2 Bath single family home in Davis Junction.  Large Family Room with gas Fireplace, Separate Dining Room, Eat In Kitchen with Hardwood Floors. Slider Doors lead to a custom Brick patio with outdoor fireplace, hot tub, and shed.  25' x12' concrete pad on the side to store a boat or camper.  Master Bedroom with double sinks, jacuzzi tub, separate shower, and large walk in closet. New roof, High Efficiency HVAC (2016), New Hot Water Tank (2022), Water Softener and Reverse Osmosis, 200 Amp Electric Service, Three Car Attached Garage. Backyard looks back to open area. Many big ticket items have been done! Come with your decorating ideas.
Unit Size
1,767 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$115
Property Type
House
Property Taxes
$369
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 #11649955)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 11, 2022 Listed by Homesmart Connect LLC $203,900
Listed by Homesmart Connect LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • 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: 17,894
  • Total Building Area: 1,767
  • Building Area: 1,767
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,767
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARVEST GLEN 08
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 321 HARVEST GLENN PLAT NO 8 SEC 22-42-1

Neighborhood

  • School District Name: Meridian Community Unit School District 223
  • Census Tract: 961002

Geography

  • District: 22
  • Parcel: 11-22-379-009
  • Lot: 321
  • Meridian: SEC 22 TWN 42 RNG 01
  • Municipality: SCOTT
  • Latitude: 42.0928
  • Longitude: -89.107

    Address

  • Full Address: 344 Misty Meadow Ln
  • Address - House Number: 344
  • Address - Street Name: Misty Meadow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Davis Junction
  • Carrier Code: R602
  • 4-Digit Zip Code: 9443
  • Zip Code: 61020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $473,258
  • Tax Rate Code Area: 2240

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 66
  • Final Value: 230,229
  • High Value: 286,082
  • Low Value: 174,377

    Market Valuation

  • Market Total Value: $188,574
  • Market Land Value: $17,142
  • Market Improvement Value: $171,432

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,858
  • Assessed Land Value: $5,714
  • Assessed Improvements Value: $57,144

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202207198

    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 Davis Junction

Stats & Trends

Median Asking:

$259,950

Sale Price/ft²

$174

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1699 ft²

Average Home Age

22.9 years

Currently For Sale

7 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: Mark Zatz, Homesmart Connect LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11649955
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 344 Misty Meadow Lane built and last sold?
The property at 344 Misty Meadow Lane was built in 2004 and last sold on Dec 1, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 344 Misty Meadow Lane is $0.
What are some comparable homes to 344 Misty Meadow Lane?
There are currently no comparable homes to 344 Misty Meadow Lane.
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