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Riverside 60546
361 Herrick Road
$440,000
● House - Off Market

361 Herrick Road

Riverside, IL 60546
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,652 Ft²
$483,297
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome to Riverside! This 4 Bedroom 1 and half Bath Meticulous Maintained Home has so much to offer!  2 car garage, Large Corner Lot, Newer Roof, Newer Boiler, Wood Floors Throughout And a Wood Burning Fireplace.  The Sitting Room has great Sun Exposure and a great view!  Close to shopping, Restaurant's and More. This Beautiful Home is waiting for you to move right in.  Conveyed "As Is"
Unit Size
1,652 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$284
Property Type
House
Property Taxes
$677
HOA Dues
-
Year Built
1922

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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 #11694673)

Price History

Date / Event Date Event Price
Mar 1, 2023 Sold
Premium
Sold
Jan 3, 2023 Listed by @properties Christie's International Real Estate $469,000
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 63
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Total Building Area: 1,652
  • Gross Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION OF LT1 IN SUB OF LT809 IN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-05
  • Legal Description 1: (SUBDIVISION) OF LT1 IN SUB OF LT809 IN RESUB OF BLK8 IN RIVERSIDE THIRD DIV IN SEC 25-39-12 & SEC36 SEC 36-39-12

Neighborhood

  • School District Name: Riverside Brookfield Township School District 208
  • Census Tract: 815701

Geography

  • District: 34
  • Parcel: 15-36-209-001-0000
  • Block: 8
  • Lot: 1,809
  • Meridian: SEC 25 TWN 39N RNG 12E
  • Municipality: RIVERSIDE
  • Latitude: 41.8321
  • Longitude: -87.8062

    Address

  • Full Address: 361 Herrick Rd
  • Address - House Number: 361
  • Address - Street Name: Herrick
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Riverside
  • Carrier Code: C004
  • 4-Digit Zip Code: 2047
  • Zip Code: 60546

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $964,194
  • Tax Rate Code Area: 34006

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 471,229
  • High Value: 518,874
  • Low Value: 423,584

    Market Valuation

  • Market Total Value: $440,000
  • Market Land Value: $78,400
  • Market Improvement Value: $361,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000
  • Assessed Land Value: $7,840
  • Assessed Improvements Value: $36,160

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33524
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 Riverside

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$289

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2066 ft²

Average Home Age

85.3 years

Currently For Sale

12 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 2234 Gunderson Avenue, Berwyn, IL, 60402

$3,650 /mo

  • 4 Beds
  • 2 Baths
  • 2,800 ft²
2234 Gunderson Avenue, Berwyn, IL, 60402 Listing by Luis Perez
Unit for rent at 7119 40th Street, Stickney, IL, 60402

$3,650 /mo

  • 4 Beds
  • 3 Baths
  • 2,505 ft²
7119 40th Street, Stickney, IL, 60402 Listing by Soharb Khan

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sheri Ann Sauer, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11694673
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 361 Herrick Road built and last sold?
The property at 361 Herrick Road was built in 1922 and last sold on Feb 24, 2023 for $440,000.
How much is this home worth?
The estimated value of the home located at 361 Herrick Road is $0.
What are some comparable homes to 361 Herrick Road?
There are currently no comparable homes to 361 Herrick Road.
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