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Peotone 60468
432 Locust Lane
$398,000
● House - Off Market

432 Locust Lane

Peotone, IL 60468
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$2,477
Est. Monthly
$8
HOA / Fees
4.42%
Cap Rate

About This Property

True Pride in Ownership! Nothing but quality throughout this amazing custom built 3 bedroom brick ranch. Home features beautiful hardwoods and volume ceilings. Amazing Country Kitchen with seated island and eat in space. French doors lead outside to a 3 seasons room, with an added bonus of no neighbors behind you! Spacious Living Room, Formal Dining Room with arched doorways, custom blinds and shutters. Custom touches are evident throughout this home. Full Basement with drywall and sealed floor boasts a blank canvas for your ideas. Workshop, stunning marble walk in shower., battery back-up for sump, House Generator Power Supply (no generator) & Egress windows. Heated 3 car garage, Outdoor shed, paver patio, Ring camera...No expense was spared! Showings to begin March 17th. Property is being sold AS-IS.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$164
Property Type
House
Property Taxes
$539
HOA Dues
$8
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: 3 years ago (MRED MLS #12002716)

Price History

Date / Event Date Event Price
Apr 19, 2024 Sold
Premium
Sold
Mar 14, 2024 Listed by CRIS Realty $392,980
Listed by CRIS Realty

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: 15,160
  • 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: WESTGATE MANOR UNIT THREE
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 30 IN WESTGATE MANOR UNIT THREE, BEING A SUB IOF PRT OF THE SE1/4 OF SEC. 23, T33N-R12E.

Neighborhood

  • School District Name: Peotone Community Unit School District 207U
  • Census Tract: 883904

Geography

  • Parcel: 17-20-23-418-007
  • Lot: 30
  • Meridian: SEC 23 TWN 33N RNG 12E
  • Municipality: PEOTONE
  • Latitude: 41.3284
  • Longitude: -87.8099

    Address

  • Full Address: 432 Locust Ln
  • Legal Unit: 3
  • Address - House Number: 432
  • Address - Street Name: Locust
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peotone
  • Carrier Code: R002
  • 4-Digit Zip Code: 9246
  • Zip Code: 60468

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $647,832
  • Tax Rate Code Area: 1705

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 396,564
  • High Value: 459,391
  • Low Value: 333,736

    Market Valuation

  • Market Total Value: $309,477
  • Market Land Value: $52,698
  • Market Improvement Value: $256,779

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,159
  • Assessed Land Value: $17,566
  • Assessed Improvements Value: $85,593

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 05, 2016
  • Current Sale Recording Date: Aug 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2016064452
  • Previous Sale Recording Date: Oct 23, 2007
  • Previous Sale Contract Date: Oct 12, 2007
  • Previous Sale Amount: $316,500
  • 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 Peotone

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2891 ft²

Average Home Age

65 years

Currently For Sale

4 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: Kim Van Ordstrand, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12002716
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 432 Locust Lane built and last sold?
The property at 432 Locust Lane was built in and last sold on Aug 5, 2016 for $260,000.
How much is this home worth?
The estimated value of the home located at 432 Locust Lane is $0.
What are some comparable homes to 432 Locust Lane?
There are currently no comparable homes to 432 Locust Lane.
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