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Limestone 60901
3807 Stone Oaks Drive
$349,900
● House - Off Market

3807 Stone Oaks Drive

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,053 Ft²
$390,163
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Beautiful 2-story DRACO home, the 'Samantha' model, on a 1 acre lot, in Stone Oaks subdivision (Limestone Twp), a rural, wooded and serene subdivision, that RARELY has a home for sale! DON'T MISS THE OPPORTUNITY to jump on this one! 4 Bedrooms, 2.5 Baths, Living Room / Family Room, large eat-in Kitchen with a walk-in Pantry., granite counter tops, and stainless-steel appliances. 1/2 bath on main level. FULL unfinished BASEMENT. Nice deck overlooking back yard. Sprinkler system.
Unit Size
2,053 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$170
Property Type
House
Property Taxes
$541
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.

Last updated: 2 years ago (MRED MLS #11240404)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Oct 7, 2021 Listed by Coldwell Banker Realty $349,900
Listed by Coldwell Banker Realty

Property Highlights

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: 44,431
  • 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
  • Subdivision: STONE OAKS SUB
  • Land Acres: 0000001020
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: STONE OAKS SUB LOT 2 27-31-11E

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 010400

Geography

  • District: 7
  • Parcel: 07-08-27-101-002
  • Lot: 2
  • Municipality: LIMESTONE
  • Latitude: 41.1414
  • Longitude: -87.949

    Address

  • Full Address: 3807 Stone Oaks Dr
  • Address - House Number: 3807
  • Address - Street Name: Stone Oaks
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R002
  • 4-Digit Zip Code: 8257
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $851,076
  • Tax Rate Code Area: 7006

    Appraisal Valuation

  • Standard Deviation: 0.2295
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 407,903
  • High Value: 501,500
  • Low Value: 314,305

    Market Valuation

  • Market Total Value: $359,922
  • Market Land Value: $34,389
  • Market Improvement Value: $325,533

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,974
  • Assessed Land Value: $11,463
  • Assessed Improvements Value: $108,511

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17286
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 Limestone

Stats & Trends

Median Asking:

$239,950

Sale Price/ft²

$178

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2000 ft²

Average Home Age

106 years

Currently For Sale

1 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: Dawn Olson, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 11240404
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 3807 Stone Oaks Drive built and last sold?
The property at 3807 Stone Oaks Drive was built in and last sold on Nov 30, 2021 for $349,900.
How much is this home worth?
The estimated value of the home located at 3807 Stone Oaks Drive is $353,399.
What are some comparable homes to 3807 Stone Oaks Drive?
There are currently no comparable homes to 3807 Stone Oaks Drive.
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