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Lakewood Shores 60481
401 Dorset Drive
$255,000
● House - Off Market

401 Dorset Drive

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,836 Ft²
$1,548
Est. Monthly
11.63%
Cap Rate

About This Property

MULTILPLE OFFERS HIGHEST AND BEST BY 6 PM MONDAY APRIL 1ST.  Lovely Sleeping Beauty, waiting for you to personalize your design. 3 Bedroom 2 Bath Ranch home on large, fenced corner lot. Offering 5,000 toward your choice of flooring. Freshly painted thru-out whole home. Kitchen has newer flooring & stainless-steel appliances. Load of cabinets and a beautiful copper range hood, A breakfast bar for those fast-paced mornings. Leading into an open concept family room Great for family gatherings.  Formal Living room with a stone fireplace, car garage. Many upgrades new roof in June of 2021, Exterior was painted in July 2023, hot water heater replaced in November of 2023. This home is just waiting for you!
Unit Size
1,836 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1979

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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: 3 years ago (MRED MLS #12014950)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Mar 27, 2024 Listed by Century 21 Coleman-Hornsby $239,900
Listed by Century 21 Coleman-Hornsby

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 16,768
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIESERS RE
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1 IN BRIESER'S RESUB, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 1, T32N-R9E. (EX THAT PRT LYG W OF THE E 128 FT

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 884006

Geography

  • Parcel: 08-24-01-109-011
  • Lot: 1
  • Meridian: SEC 01 TWN 32N RNG 09E
  • Municipality: WESLEY TWP
  • Latitude: 41.2893
  • Longitude: -88.1465

    Address

  • Full Address: 401 Dorset Dr
  • Address - House Number: 401
  • Address - Street Name: Dorset
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 1715
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $443,170
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 265,289
  • High Value: 312,816
  • Low Value: 217,762

    Market Valuation

  • Market Total Value: $213,243
  • Market Land Value: $44,556
  • Market Improvement Value: $168,687

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,081
  • Assessed Land Value: $14,852
  • Assessed Improvements Value: $56,229

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2006
  • Current Sale Recording Date: Mar 24, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2006050468
  • Previous Sale Recording Date: Oct 31, 1996
  • Previous Sale Contract Date: Oct 24, 1996
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
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 Lakewood Shores

Stats & Trends

Median Asking:

$248,000

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

39

Average Home Size

1000 ft²

Average Home Age

71 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

Unit for rent at 401 S Kankakee Street, Wilmington, IL, 60481

$2,550 /mo

  • 4 Beds
  • 2 Baths
  • 1,600 ft²
401 S Kankakee Street, Wilmington, IL, 60481 Listing by Kyla Pogliano

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tami Ferguson, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 12014950
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 401 Dorset Drive built and last sold?
The property at 401 Dorset Drive was built in 1979 and last sold on Mar 17, 2006 for $185,000.
How much is this home worth?
The estimated value of the home located at 401 Dorset Drive is $251,046.
What are some comparable homes to 401 Dorset Drive?
There are currently no comparable homes to 401 Dorset Drive.
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