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Hinckley 60520 Prairie View
470 Prairie View Lane
$439,000
● House - Off Market

470 Prairie View Lane

Hinckley, IL 60520
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$2,887
Est. Monthly
6.89%
Cap Rate

About This Property

Located on a double lot, this home offers SO MUCH! Features include: Large 3 car garage ~ Beautiful brick patio with walls, bench, fire pit and cooking area ~ New hardwood floors in most of first floor ~ Large covered front porch ~ Two story foyer ~ Two sided stone fireplace in living room and family room ~ Extra large kitchen with gorgeous island, Sub Zero refrigerator and Viking range ~ Gorgeous finished basement with bonus area, movie room and bar with beverage refrigerator ~ Master suite with hardwood floors, large bath with two sinks and walk-in shower plus extra large walk-in closet AND SO MUCH MORE~  An absolutely stunning property!
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1997

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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 #12040868)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 26, 2024 Listed by @properties Christies Internat $439,000
Listed by @properties Christies Internat

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Full 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: 200
  • Living Units: 1
  • 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: 22,651
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,732
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: 1
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE VIEW
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOTS 5 & 6 IN PRAIRIE VIEW UNIT 1 - A SUBDIVISION OF LOT 102 OF DAUMS PLAT IN SECTION 15, TOWNSHIP 38 N, RANGE 5 E

Neighborhood

  • School District Name: Hinckley-Big Rock Community Unit School District 429
  • Census Tract: 001700

Geography

  • Account Number: 1515226030
  • District: SQ
  • Parcel: 15-15-226-030
  • Lot: 5,6,1
  • Municipality: SQUAW GROVE
  • Latitude: 41.7744
  • Longitude: -88.6456

    Address

  • Full Address: 470 Prairie View Ln
  • Legal Unit: 1
  • Address - House Number: 470
  • Address - Street Name: Prairie View
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hinckley
  • Carrier Code: R002
  • 4-Digit Zip Code: 9327
  • Zip Code: 60520

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $797,444
  • Tax Rate Code Area: SQ05

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 404,921
  • High Value: 467,096
  • Low Value: 342,747

    Market Valuation

  • Market Total Value: $338,781
  • Market Land Value: $78,558
  • Market Improvement Value: $260,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,927
  • Assessed Land Value: $26,186
  • Assessed Improvements Value: $86,741

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 27, 2007
  • Current Sale Recording Date: Jan 07, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2008000311
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 Prairie View

Stats & Trends

Median Asking:

$357,000

Sale Price/ft²

$189

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1773 ft²

Average Home Age

30 years

Currently For Sale

2 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

Rentals Near You

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MRED

Listed by: Julie Goodyear, @properties Christies Internat
Last Updated: 3 years ago
Data Source: MRED, MLS# 12040868
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 470 Prairie View Lane built and last sold?
The property at 470 Prairie View Lane was built in 1997 and last sold on Nov 27, 2007 for $332,000.
How much is this home worth?
The estimated value of the home located at 470 Prairie View Lane is $0.
What are some comparable homes to 470 Prairie View Lane?
There are currently no comparable homes to 470 Prairie View Lane.
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