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Lakewood Shores 60481
405 Dorset Drive
$210,000
● House - Off Market

405 Dorset Drive

Wilmington, IL 60481
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$193,908
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Super opportunity with this partially renovated 4 bedroom, 2 bath w/ full basement. Updates include HVAC 4 years, windows & siding 9 years, roof 15 years, both bathrooms rehabbed, hot water heater 2 years, well tank 2 years, septic tank 3 years. Priced to sell. Great opportunity with solid home priced under $200,000
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$118
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
-

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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 #11807779)

Price History

Date / Event Date Event Price
Aug 8, 2023 Sold
Premium
Sold
Jun 14, 2023 Listed by Pro Real Estate $195,000
Listed by Pro Real Estate

Property Highlights

Air Conditioning

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: 15,661
  • 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: BRIESERS
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 2 IN BRIESER'S RESUB, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC. 1, T32N-R9E.

Neighborhood

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

Geography

  • Parcel: 08-24-01-109-009
  • Lot: 2
  • Meridian: SEC 01 TWN 32N RNG 09E
  • Municipality: WESLEY TWP
  • Latitude: 41.2892
  • Longitude: -88.1473

    Address

  • Full Address: 405 Dorset Dr
  • Address - House Number: 405
  • 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: $446,778
  • Tax Rate Code Area: 0802

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 92
  • Final Value: 191,784
  • High Value: 208,709
  • Low Value: 174,859

    Market Valuation

  • Market Total Value: $214,833
  • Market Land Value: $44,556
  • Market Improvement Value: $170,277

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,611
  • Assessed Land Value: $14,852
  • Assessed Improvements Value: $56,759

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 07, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41427
  • Previous Sale Recording Date: Jul 23, 2004
  • Previous Sale Contract Date: Jul 07, 2004
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: 64
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:

$249,750

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

45

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 912 Luther Drive, Wilmington, IL, 60481

$1,100 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
912 Luther Drive #B, Wilmington, IL, 60481 Listing by Christopher Shell

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Shell, Pro Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11807779
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 405 Dorset Drive built and last sold?
The property at 405 Dorset Drive was built in and last sold on Aug 7, 2023 for $210,000.
How much is this home worth?
The estimated value of the home located at 405 Dorset Drive is $196,950.
What are some comparable homes to 405 Dorset Drive?
There are currently no comparable homes to 405 Dorset Drive.
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