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McLean 61754
408 W Charles Street
$132,500
● House - Off Market

408 W Charles Street

Mclean, IL 61754
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,066 Ft²
$132,220
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Enjoy small-town living in this ALL-BRICK RANCH in a desirable neighborhood. NEW ROOF 2022! This sweet home offers 2 bedrooms with hardwood floors, an updated bathroom, large living room, spacious eat-in kitchen with NEW stove and refrigerator, plus lots of cabinetry. Plumbing in place for a dishwasher. Awesome 20 x 13 three seasons room is icing on the cake! Main floor laundry offers easy one-floor living. Heated garage with pull-down stairs to floored attic storage space. Also addition storage shed. Just one block from Park District Facility offering many programs. Low utilities: Ameren gas and electric averages only $115/month. Radon mitigation in place. Don't miss out on this cozy, comfortable MOVE-IN READY home!
Unit Size
1,066 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1962

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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 #11669727)

Price History

Date / Event Date Event Price
Jan 20, 2023 Sold
Premium
Sold
Nov 8, 2022 Listed by Keller Williams Revolution $124,900
Listed by Keller Williams Revolution

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 4
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,018
  • Total Building Area: 1,066
  • Gross Building Area: 1,066
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPAULDINGS 2ND SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: SPAULDINGS 2ND SUB PT OUTLOT 2 TO MCLEAN LOT 3

Neighborhood

  • School District Name: Olympia Community Unit School District 16
  • Census Tract: 006000

Geography

  • District: 23
  • Parcel: 26-35-403-018
  • Lot: 3
  • Meridian: SEC 35 TWN 22N RNG 01W
  • Municipality: MOUNT HOPE
  • Latitude: 40.3173
  • Longitude: -89.1758

    Address

  • Full Address: 408 W Charles St
  • Address - House Number: 408
  • Street Direction: W
  • Address - Street Name: Charles
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mc Lean
  • Carrier Code: R003
  • 4-Digit Zip Code: 9377
  • Zip Code: 61754

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $245,992
  • Tax Rate Code Area: 2301

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 140,442
  • High Value: 172,476
  • Low Value: 108,407

    Market Valuation

  • Market Total Value: $107,925
  • Market Land Value: $11,418
  • Market Improvement Value: $96,507

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,975
  • Assessed Land Value: $3,806
  • Assessed Improvements Value: $32,169

    Sales

  • Current Sale Contract Date: Jan 20, 2023
  • Current Sale Recording Date: Feb 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2268
  • Previous Sale Recording Date: Dec 17, 2021
  • Previous Sale Contract Date: Dec 09, 2021
  • Previous Sale Amount: $107,000
  • 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 McLean

Stats & Trends

Median Asking:

$159,900

Sale Price/ft²

$115

Above Asking

0.00%

Average Days on Market

33

Average Home Size

1379 ft²

Average Home Age

73 years

Currently For Sale

3 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: Judy Glenn, Keller Williams Revolution
Last Updated: 3 years ago
Data Source: MRED, MLS# 11669727
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 408 West Charles Street built and last sold?
The property at 408 West Charles Street was built in 1962 and last sold on Jan 20, 2023 for $132,500.
How much is this home worth?
The estimated value of the home located at 408 West Charles Street is $0.
What are some comparable homes to 408 West Charles Street?
There are currently no comparable homes to 408 West Charles Street.
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