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Kankakee 60954
4072 N State Route 1 17
$157,500
● House - Off Market

4072 N State Route 1 17

Momence, IL 60954
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,245 Ft²
$1,095
Est. Monthly
11.93%
Cap Rate

About This Property

Welcome to your serene retreat! This charming 2 bed, 1 bath home has been recently updated, offering modern comfort while preserving its cozy charm. Enjoy morning coffee in the inviting sunroom with views of the expansive backyard, nearly a full acre, backing up to farm ground for ultimate privacy. The backyard faces west, providing stunning sunsets that add to the home's allure. The detached garage provides ample storage or workspace, and the full unfinished basement offers endless possibilities for customization. Despite its peaceful setting, the home is conveniently close to town, providing easy access to local amenities. Don't miss this unique blend of rural charm and modern updates. Make it yours today!
Unit Size
1,245 Ft²
Days on Market
-
Land Size
-
Price per sqft
$137
Property Type
House
Property Taxes
$259
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 #12079599)

Price History

Date / Event Date Event Price
Oct 8, 2024 Sold
Premium
Sold
Sep 7, 2024 In contract -
In contract
Aug 6, 2024 Price Decreased $169,999
↓ $10K (5.6%)
Price Decreased
Jun 10, 2024 Listed by Village Realty Inc $179,999
Listed by Village Realty Inc

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: 36,400
  • Lot Size Depth Feet: 2,600
  • Lot Size Frontage Feet: 1,400
  • 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
  • Land Acres: 0000000836
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: 140X260 TRACT SEQ SEQ SEQ

Neighborhood

  • School District Name: Momence Community Unit School District 1
  • Census Tract: 010800

Zoning

  • Zoning: A1

Geography

  • District: 6
  • Parcel: 06-10-12-400-034
  • Municipality: GANEER
  • Latitude: 41.18
  • Longitude: -87.6636

    Address

  • Full Address: 4072 N State Route 1 17
  • Address - House Number: 4072
  • Street Direction: N
  • Address - Street Name: State Route 1 17
  • State: IL
  • City Name: Momence
  • Carrier Code: R002
  • 4-Digit Zip Code: 3480
  • Zip Code: 60954

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $297,062
  • Tax Rate Code Area: 6008

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 160,721
  • High Value: 203,554
  • Low Value: 117,887

    Market Valuation

  • Market Total Value: $129,747
  • Market Land Value: $24,996
  • Market Improvement Value: $104,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,249
  • Assessed Land Value: $8,332
  • Assessed Improvements Value: $34,917

    Sales

  • Current Sale Contract Date: Aug 29, 2018
  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9700
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 Kankakee

Stats & Trends

Median Asking:

$234,900

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1865 ft²

Average Home Age

59.9 years

Currently For Sale

198 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

Rentals Near You

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MRED

Listed by: Dustin Kooy, Village Realty Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12079599
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 4072 North State Rte 1 built and last sold?
The property at 4072 North State Rte 1 was built in and last sold on Aug 29, 2018 for $110,000.
How much is this home worth?
The estimated value of the home located at 4072 North State Rte 1 is $0.
What are some comparable homes to 4072 North State Rte 1?
There are currently no comparable homes to 4072 North State Rte 1.
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