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Minooka 60447
412 Rivers Edge Drive
$325,000
● House - Off Market

412 Rivers Edge Drive

Minooka, IL 60447
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,507 Ft²
$342,973
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

FIRST TIME ON THE MARKET! 2057 SF, 3 BEDROOM, 2 BATH CUSTOM BUILT BRICK FRONT RANCH IN MINOOKA'S RIVERS EDGE! GREAT ROOM, VAULTED CEILINGS, 27X10 FOUR SEASON/SUNROOM WITH SKYLITES, MASTER BEDROOM BATH, WALK IN CLOSET, CERAMIC TILE, 1ST FLOOR LAUNDRY/ MUD ROOM, FULL UNFINISHED BASEMENT, NICELY LANDSCAPED WITH COVERED PATIO, BEAUTIFUL YARD BACKS TO WOODED AREA ! QUALITY BUILT 2X6 CONTRUCTION WITH 2X12 FLOOR JOISTS, NEWER FURNACE AND AC (1 YEAR), SUPER CLEAN AND MOVE IN READY! THIS IS THE ONE YOU'VE BEEN WAITING FOR! HURRY!
Unit Size
2,507 Ft²
Days on Market
-
Land Size
-
Price per sqft
$130
Property Type
House
Property Taxes
$620
HOA Dues
-
Year Built
1996

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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 #11612459)

Price History

Date / Event Date Event Price
Nov 29, 2022 Sold
Premium
Sold
Aug 24, 2022 Listed by Century 21 Circle $325,000
Listed by Century 21 Circle

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,601
  • Total Building Area: 2,540
  • Building Area: 2,057
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 2,057
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERS EDGE, UNIT TWO A SUB
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 IN RIVERS EDGE, UNIT TWO A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC 6, T34N-R9E.

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 883303

Geography

  • Parcel: 04-10-06-306-018
  • Lot: 16
  • Meridian: SEC 06 TWN 34N RNG 09E
  • Municipality: CHANNAHON
  • Latitude: 41.4548
  • Longitude: -88.2468

    Address

  • Full Address: 412 Rivers Edge Dr
  • Legal Unit: 2
  • Address - House Number: 412
  • Address - Street Name: Rivers Edge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R004
  • 4-Digit Zip Code: 9399
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $792,754
  • Tax Rate Code Area: 0433

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 366,821
  • High Value: 425,307
  • Low Value: 308,335

    Market Valuation

  • Market Total Value: $317,532
  • Market Land Value: $65,238
  • Market Improvement Value: $252,294

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,844
  • Assessed Land Value: $21,746
  • Assessed Improvements Value: $84,098

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 14, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 84814
  • Previous Sale Recording Date: Mar 27, 1995
  • Previous Sale Contract Date: Mar 23, 1995
  • Previous Sale Amount: $35,500
  • 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 Minooka

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$180

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2288 ft²

Average Home Age

26.4 years

Currently For Sale

35 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 144 Zapata Lane, Minooka, IL, 60447

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,232 ft²
144 Zapata Lane, Minooka, IL, 60447 Listing by Vytautas Sruoga

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Chris Caputo, Century 21 Circle
Last Updated: 3 years ago
Data Source: MRED, MLS# 11612459
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 412 Rivers Edge Drive built and last sold?
The property at 412 Rivers Edge Drive was built in 1996 and last sold on Nov 14, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 412 Rivers Edge Drive is $0.
What are some comparable homes to 412 Rivers Edge Drive?
There are currently no comparable homes to 412 Rivers Edge Drive.
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