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Seneca 61360
363 Richards Street
$275,000
● House - Off Market

363 Richards Street

Seneca, IL 61360
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,232 Ft²
$1,481
Est. Monthly
11.16%
Cap Rate

About This Property

Welcome to 363 Richards St, Seneca - a beautifully maintained home packed with updates and extras! The water heater was replaced in 2021, and the furnace recently had a part replaced. Flooring was updated in 2024 in the kitchen, family room, powder room, and stairs to the basement, with the basement flooring redone in 2022. The powder room sink was installed in 2022, and the upstairs was painted in 2021, with the bathroom and back bedroom freshly painted in 2025. The deck was stained in 2023, and the circuit breaker panel is located in the basement.    Enjoy the cozy fireplace, finished basement, and spacious backyard-plus, the above-ground pool and pool table are staying! Just blocks from the public boat ramp, this home offers comfort, charm, and great spaces for entertaining both inside and out.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$207
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1964

Payment Calculator

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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

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 11,506
  • Total Building Area: 1,232
  • Gross Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: T

    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
  • Subdivision: COLEMANS FIRST ADD
  • Land Acres: 0000000264
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COLEMANS 1ST ADD LOT 14

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 963700

Geography

  • District: MA
  • Parcel: 24-25-116-014
  • Lot: 14
  • Municipality: MANLIUS TOWNSHIP
  • Latitude: 41.3107
  • Longitude: -88.6008

    Address

  • Full Address: 363 Richards St
  • Address - House Number: 363
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: IL
  • City Name: Seneca
  • Carrier Code: R002
  • 4-Digit Zip Code: 9425
  • Zip Code: 61360

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $263,332
  • Tax Rate Code Area: MA013

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 64
  • Final Value: 202,541
  • High Value: 253,392
  • Low Value: 151,691

    Market Valuation

  • Market Total Value: $128,814
  • Market Land Value: $18,267
  • Market Improvement Value: $110,547

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,938
  • Assessed Land Value: $6,089
  • Assessed Improvements Value: $36,849

    Sales

  • Current Sale Contract Date: Apr 17, 2015
  • Current Sale Recording Date: Apr 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201507385

    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 Seneca

Stats & Trends

Median Asking:

$290,000

Sale Price/ft²

$178

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1635 ft²

Average Home Age

53.3 years

Currently For Sale

4 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: Jeff Ristine, Keller Williams Infinity
Data Source: MRED, MLS# MRD12382069
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 363 Richards Street built and last sold?
The property at 363 Richards Street was built in 1964 and last sold on Apr 17, 2015 for $148,000.
How much is this home worth?
The estimated value of the home located at 363 Richards Street is $0.
What are some comparable homes to 363 Richards Street?
There are currently no comparable homes to 363 Richards Street.
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