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Kankakee 60914
3496 N 4000E Road
$400,000
● House - Off Market

3496 N 4000E Road

BOURBONNAIS, IL 60914
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,500 Ft²
$987,773
RealtyHop Estimate
103.66%
Since Dec 1, 2008
National-US
Primary Model

About This Property

10 acres w/ a fruit tree orchard.  Peaceful setting. Stunning 5 bedroom, 4 bath, 3500 Sq Ft, 2-story home with a partially finished full basement & a 2-car heated garage + a 2.5-car detached garage. Brick fireplace. 2 walk-in closets. Deck off great room. Balcony off master suite. Wireless smoke alarm system. Security system. Whole-house intercom. Fenced area surrounding heated, in-ground pool. Satellite dish. Pond.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$139
Property Type
House
Property Taxes
$605
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.

Property Highlights

Garage
Air Conditioning
Fireplace

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: 394,218
  • 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
  • Land Acres: 0000009050
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: TRACT IN EH SEQ BAL 9.05AC 14-31-12E

Neighborhood

  • School District Name: Bradley-Bourbonnais Consolidated High School District 307
  • Census Tract: 010701

Zoning

  • Zoning: R1

Geography

  • District: 17
  • Parcel: 17-09-14-400-027
  • Municipality: BOURBONNAIS
  • Latitude: 41.17
  • Longitude: -87.8001

    Address

  • Full Address: 3496 N 4000e Rd
  • Address - House Number: 3496
  • Street Direction: N
  • Address - Street Name: 4000e
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bourbonnais
  • Carrier Code: R001
  • 4-Digit Zip Code: 4482
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,461,096
  • Tax Rate Code Area: 17002

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 622,262
  • High Value: 753,491
  • Low Value: 491,032

    Market Valuation

  • Market Total Value: $558,528
  • Market Land Value: $96,603
  • Market Improvement Value: $461,925

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,176
  • Assessed Land Value: $32,201
  • Assessed Improvements Value: $153,975

    Sales

  • Current Sale Contract Date: Dec 14, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17474
  • Previous Sale Recording Date: Nov 25, 2008
  • Previous Sale Contract Date: Nov 20, 2008
  • Previous Sale Amount: $400,000
  • 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 Kankakee

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1756 ft²

Average Home Age

56 years

Currently For Sale

208 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: Quin O'Brien, ABR,AHWD,CIPS,CRS, 4 Sale Realty, Inc.
Data Source: MRED, MLS# MRD06908848
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 3496 North 4000E Road built and last sold?
The property at 3496 North 4000E Road was built in and last sold on Dec 14, 2021 for $560,000.
How much is this home worth?
The estimated value of the home located at 3496 North 4000E Road is $598,620.
What are some comparable homes to 3496 North 4000E Road?
There are currently no comparable homes to 3496 North 4000E Road.
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