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Iroquois 60948
480 Rulison Drive
$249,000
● House - Off Market

480 Rulison Drive

Loda, IL 60948
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,931 Ft²
$270,353
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

One-story ranch home on the water at Bayles Lake with over 1900 square feet, 3 bedrooms, 1.5 bathrooms, extra library/office/bedroom, workshop space and 2-car attached garage. Home sits on an extra large and beautifully landscaped lot with a circle driveway. Property has picturesque back yard lake views from the living room and Florida/family room, and incredible front views of the wooded park setting. Other notable features include: vaulted living room ceiling, newer carpeting, 2 furnace/AC systems, newer roof, newer windows, wood siding, screened back porch, flag stone rear patio and private boat dock.
Unit Size
1,931 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$140
Property Type
House
Property Taxes
$474
HOA Dues
$150
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.

Last updated: 3 years ago (MRED MLS #11646319)

Price History

Date / Event Date Event Price
Jun 8, 2023 Sold
Premium
Sold
Oct 28, 2022 Listed by Kief Realty $269,900
Listed by Kief Realty

Property Highlights

Air Conditioning
Fireplace

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: 23,629
  • 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: BAYLES LAKE SD
  • Land Acres: 0000000542
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BAYLES LAKE SD PT LTS 78, 80 & 82 BLK 4

Neighborhood

  • School District Name: Paxton-Buckley-Loda Community Unit School District 10
  • Census Tract: 950700

Geography

  • District: 14
  • Parcel: 36 20 179 011
  • Block: 4
  • Lot: 78,80
  • Municipality: LODA TOWNSHIP
  • Latitude: 40.5265
  • Longitude: -88.0909

    Address

  • Full Address: 480 Rulison Dr
  • Address - House Number: 480
  • Address - Street Name: Rulison
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Loda
  • Carrier Code: R003
  • 4-Digit Zip Code: 9743
  • Zip Code: 60948

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $627,102
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 14007

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 67
  • Final Value: 271,371
  • High Value: 334,616
  • Low Value: 208,126

    Market Valuation

  • Market Total Value: $278,760
  • Market Land Value: $78,240
  • Market Improvement Value: $200,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,920
  • Assessed Land Value: $26,080
  • Assessed Improvements Value: $66,840

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1640
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 Iroquois

Stats & Trends

Median Asking:

$150,000

Sale Price/ft²

$110

Below Asking

0.04%

Average Days on Market

70

Average Home Size

1830 ft²

Average Home Age

75.3 years

Currently For Sale

104 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: Craig Kief, Kief Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11646319
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 480 Rulison Drive built and last sold?
The property at 480 Rulison Drive was built in and last sold on Jun 8, 2023 for $249,000.
How much is this home worth?
The estimated value of the home located at 480 Rulison Drive is $270,040.
What are some comparable homes to 480 Rulison Drive?
There are currently no comparable homes to 480 Rulison Drive.
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