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Decatur 62522 Lincoln Park
428 Powers Lane
$35,000
● House - Off Market

428 Powers Lane

Decatur, IL 62522
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,566 Ft²
$331
Est. Monthly

About This Property

Spacious 4-bedroom 2 Bath home with dining room , unfinshed basement and front porch, patio and 2 car detached house. This is a Fannie Mae HomePath property!
Unit Size
1,566 Ft²
Days on Market
-
Land Size
-
Price per sqft
$21
Property Type
House
Property Taxes
$169
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.

Property Highlights

Garage
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: 2,856
  • Lot Size Depth Feet: 421
  • Lot Size Frontage Feet: 682
  • 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: FOREST HILL ADD
  • Land Acres: 0000000066
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: FOREST HILL ADD ~S42.05 LOT 2 BLOCK 1 ~ 68.22X42.05

Neighborhood

  • School District Name: Decatur School District 61
  • Census Tract: 000501

Zoning

  • Zoning: MUNICIPAL

Geography

  • Account Number: 041215409004
  • District: 04
  • Parcel: 04-12-15-409-004
  • Block: 1
  • Lot: 2
  • Municipality: DECATUR
  • Latitude: 39.8377
  • Longitude: -88.9614

    Address

  • Full Address: 428 Powers Ln
  • Address - House Number: 428
  • Address - Street Name: Powers
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Decatur
  • Carrier Code: C014
  • 4-Digit Zip Code: 3343
  • Zip Code: 62522

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $190,748
  • Tax Rate Code Area: 04055

    Appraisal Valuation

  • Standard Deviation: 0.2668
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 61
  • Final Value: 68,345
  • High Value: 86,584
  • Low Value: 50,106

    Market Valuation

  • Market Total Value: $55,958
  • Market Land Value: $4,143
  • Market Improvement Value: $51,815

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,651
  • Assessed Land Value: $1,381
  • Assessed Improvements Value: $17,270

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 1987742
  • Previous Sale Recording Date: Jun 01, 1988
  • Previous Sale Contract Date: Jun 01, 1988
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: 27
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 Lincoln Park

Stats & Trends

Median Asking:

$32,900

Sale Price/ft²

$21

Below Asking

0.18%

Average Days on Market

62

Average Home Size

1259 ft²

Average Home Age

76 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

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MRED

Listed by: Alan Birlingmair, BHHS Central Illinois, REALTORS
Data Source: MRED, MLS# MRD12541987
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 428 Powers Lane built and last sold?
The property at 428 Powers Lane was built in and last sold on Oct 26, 2021 for $57,000.
How much is this home worth?
The estimated value of the home located at 428 Powers Lane is $0.
What are some comparable homes to 428 Powers Lane?
There are currently no comparable homes to 428 Powers Lane.
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