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Sammons Point 60901
4438 S US State Highway 45/52 Highway
$300,000
● House - Off Market

4438 S US State Highway 45/52 Highway

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$323,180
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Very rare rural location two parcels complete ten acres of trees and country living on main highway, newer small two bedroom home with newer well and septic system. Wild life all around the property, this is a rare find  that is close to town but is hidden in the woods. be the first to view this special place.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$325
Property Type
House
Property Taxes
$197
HOA Dues
-
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 #11778888)

Price History

Date / Event Date Event Price
Aug 29, 2023 Sold
Premium
Sold
May 9, 2023 Listed by Smith's Real Estate Services, $325,000
Listed by Smith's Real Estate Services,

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: 98,010
  • 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
  • Land Acres: 0000002250
  • Standard Land Use Code: 1008
  • County Land Use Code: 0011
  • Legal Description 1: E PART NH SH SEQ NEQ BAL 2.25AC 30-30-13W

Neighborhood

  • School District Name: Central Community Unit School District 4
  • Census Tract: 012600

Geography

  • District: 13
  • Parcel: 13-17-30-200-009
  • Municipality: OTTO
  • Latitude: 41.0565
  • Longitude: -87.8693

    Address

  • Full Address: 4438 S Us Highway 45 52
  • Address - House Number: 4438
  • Street Direction: S
  • Address - Street Name: Us Highway 45 52
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R007
  • 4-Digit Zip Code: 7218
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $224,674
  • Tax Rate Code Area: 13019

    Market Valuation

  • Market Total Value: $84,573
  • Market Land Value: $23,466
  • Market Improvement Value: $61,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,284
  • Assessed Land Value: $10,141
  • Assessed Improvements Value: $26,143

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8205
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 Sammons Point

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$156

Above Asking

0.00%

Average Days on Market

28

Average Home Size

1472 ft²

Average Home Age

62 years

Currently For Sale

0 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: Richard Smith, Smith's Real Estate Services,
Last Updated: 3 years ago
Data Source: MRED, MLS# 11778888
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 4438 South State Rte 45 built and last sold?
The property at 4438 South State Rte 45 was built in and last sold on Aug 28, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 4438 South State Rte 45 is $0.
What are some comparable homes to 4438 South State Rte 45?
There are currently no comparable homes to 4438 South State Rte 45.
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