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Burlington 60109
354 Meadow View
$550,000
● House - Off Market

354 Meadow View

Burlington, IL 60109
bedrooms
4 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
3,518 Ft²
$3,796
Est. Monthly
4.59%
Cap Rate

About This Property

* THIS AMAZING HOME IS NOW AVAILABLE FOR NEW OWNERS * 4 BEDROOM * 5.5 BATHROOMS * BEAUTIFUL FINISHED BASEMENT FEATURES FULL BATH AND BONUS ROOM * 17' X 16' KITCHEN WITH NEWER APPLIANCES * LARGE STORAGE AREA * 3 CAR HEATED GARAGE * A VERSATILE IN-LAW ARRANGEMENT PROVIDING A SEPARATE SPACE FOR FAMILY OR GUESTS COMPLETE WITH A LAUNDRY ROOM, FULL KITCHEN, FULL BATH AND AN EXTRA BONUS ROOM CAN BE USED AS AN OFFICE OR BEDROOM, PRIVATE ACESS TO THE GARAGE AND PRIVATE DECK * ROOF REPLACED IN 2020 * ENJOY TIME OUTDOORS OVERLOOKING THE LARGE LOT WITH BEAUTIFUL LANDSCAPING AND FRESHLY PLANTED TREES * BURLINGTON 301 SCHOOLS * THIS HOME HAS SO MUCH TO OFFER, COME SEE IT TODAY *
Unit Size
3,518 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$156
Property Type
House
Property Taxes
$1,095
HOA Dues
-
Year Built
2004

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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 #11979065)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by Century 21 New Heritage - Hampshire $550,000
Listed by Century 21 New Heritage - Hampshire

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,998
  • Garage Type: 1
  • Garage Square Area: 837
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 86,684
  • Total Building Area: 6,353
  • Gross Building Area: 6,353
  • Building Area: 3,518
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,518
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURLINGTON MEADOWS SUB
  • Land Acres: 0000001990
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: BURLINGTON MEADOWS SUB - LOT 40

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 850703

Geography

  • Parcel: 04-09-252-006
  • Lot: 40
  • Municipality: BURLINGTON
  • Latitude: 42.05
  • Longitude: -88.5536

    Address

  • Full Address: 354 Meadow Vw
  • Address - House Number: 354
  • Address - Street Name: Meadow
  • Address - Suffix Type: Vw
  • State: IL
  • City Name: Burlington
  • Carrier Code: R777
  • 4-Digit Zip Code: 1054
  • Zip Code: 60109

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,313,402
  • Tax Rate Code Area: BU005

    Appraisal Valuation

  • Standard Deviation: 0.1382
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 83
  • Final Value: 539,880
  • High Value: 614,441
  • Low Value: 465,318

    Market Valuation

  • Market Total Value: $430,744
  • Market Land Value: $68,685
  • Market Improvement Value: $362,059

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $143,524
  • Assessed Land Value: $22,886
  • Assessed Improvements Value: $120,638

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021K039597
  • Previous Sale Recording Date: Apr 04, 2018
  • Previous Sale Contract Date: Mar 23, 2018
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: 71

    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 Burlington

Stats & Trends

Median Asking:

$472,450

Sale Price/ft²

$228

Above Asking

0.00%

Average Days on Market

34

Average Home Size

2365 ft²

Average Home Age

48.2 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: Erica Kliman, Century 21 New Heritage - Hampshire
Last Updated: 3 years ago
Data Source: MRED, MLS# 11979065
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 354 Meadow View built and last sold?
The property at 354 Meadow View was built in 2004 and last sold on Apr 29, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 354 Meadow View is $0.
What are some comparable homes to 354 Meadow View?
There are currently no comparable homes to 354 Meadow View.
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