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Wilmington 60481
413 CENTRAL Drive
$221,000
● House - Off Market

413 CENTRAL Drive

Wilmington, IL 60481
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$1,360
Est. Monthly
11.70%
Cap Rate

About This Property

HIGHEST AND BEST OFFERS DUE BY MONDAY, APRIL 22nd. MULTIPLE OFFERS RECEIVED.    Great country setting for this affordable 3 bedroom 1.5 bath NO STEPS ranch home!!!  Located at the end of the street in a quiet and peaceful neighborhood along with a large fenced yard.  This 1300 square foot well laid out floorpan offers great entertaining options with a large dining area looking out onto the fenced backyard.  It is currently setup as a 4 bedroom and can easily be used as a home office or as a variety of other options.  There is some new flooring installed recently and the roof replaced 3 years ago(2021),  Plenty of storage options with 2 sheds and nice long driveway leading to a 2 car garage.  This is definitely a great property for new owners to enjoy and offers many possibilities!!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1969

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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 #12027338)

Price History

Date / Event Date Event Price
Jun 4, 2024 Sold
Premium
Sold
Apr 18, 2024 Listed by @properties Christie's International Real Estate $214,900
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT #1 OF ROPPS
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 83 (EX THE SLY 25 FT THRF) ALL OF LOT 84 IN UNIT 1 OF ROPP'S SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC 24,

Neighborhood

  • School District Name: Wilmington Community Unit School District 209U
  • Census Tract: 883402

Geography

  • Parcel: 03-17-24-306-023
  • Lot: 83
  • Meridian: SEC 24 TWN 33N RNG 09E
  • Municipality: WILMINGTON
  • Latitude: 41.3221
  • Longitude: -88.1448

    Address

  • Full Address: 413 Central Dr
  • Legal Unit: 1
  • Address - House Number: 413
  • Address - Street Name: Central
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Wilmington
  • Carrier Code: C002
  • 4-Digit Zip Code: 1004
  • Zip Code: 60481

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $364,872
  • Tax Rate Code Area: 0302

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 208,866
  • High Value: 245,174
  • Low Value: 172,558

    Market Valuation

  • Market Total Value: $159,690
  • Market Land Value: $54,633
  • Market Improvement Value: $105,057

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,230
  • Assessed Land Value: $18,211
  • Assessed Improvements Value: $35,019

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2010
  • Current Sale Recording Date: Jun 21, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2010061969
  • Previous Sale Recording Date: Feb 18, 2010
  • Previous Sale Contract Date: Nov 10, 2009
  • Previous Sale Amount: $134,324
  • 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 Wilmington

Stats & Trends

Median Asking:

$272,500

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1682 ft²

Average Home Age

37 years

Currently For Sale

7 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: Dominick Clarizio, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12027338
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 413 Central Drive built and last sold?
The property at 413 Central Drive was built in 1969 and last sold on Jun 17, 2010 for $120,000.
How much is this home worth?
The estimated value of the home located at 413 Central Drive is $219,026.
What are some comparable homes to 413 Central Drive?
There are currently no comparable homes to 413 Central Drive.
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