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Wayne 60184
4N590 Magnolia Lane
$599,000
● House - Off Market

4N590 Magnolia Lane

WAYNE, IL 60184
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,900 Ft²
$1,206,511
RealtyHop Estimate
85.67%
Since Apr 1, 2008
National-US
Primary Model

About This Property

Custom built Prairie style home on a gorgeous .93 acre lot in the prestigious Woods of Wayne!  Wonderful open floorplan, very light and bright!  2-story familyroom w/stone fpl, first floor master bdrm plus first floor guest bdrm w/full bath, lovely sunroom w/fpl over-looking wonderful backyard!  Finished basement, 3-car sideload garage!  Great house! Great price! Must see! Quick close is OK!
Unit Size
3,900 Ft²
Days on Market
-
Land Size
-
Price per sqft
$167
Property Type
House
Property Taxes
$1,185
HOA Dues
$55
Year Built
1991

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Full Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Depth Feet: 2,860
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,925
  • Building Area: 3,925
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 3,925
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE WOODS OF WAYNE
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: R
  • Legal Description 1: THE WOODS OF WAYNE ALL

Neighborhood

  • School District Name: School District U-46
  • School Tax School District: DISTRICT 46
  • Census Tract: 841310

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 2966-B4
  • Parcel: 01-21-104-017
  • Lot: 68
  • Municipality: WAYNE
  • Latitude: 41.9399
  • Longitude: -88.2149

    Address

  • Full Address: 4n590 Magnolia Ln
  • Address - House Number: 4n590
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wayne
  • Carrier Code: R101
  • 4-Digit Zip Code: 2488
  • Zip Code: 60184

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,352,510
  • Tax Rate Code Area: 1110

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 695,835
  • High Value: 813,316
  • Low Value: 578,354

    Market Valuation

  • Market Total Value: $552,990
  • Market Land Value: $115,140
  • Market Improvement Value: $437,850

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $184,330
  • Assessed Land Value: $38,380
  • Assessed Improvements Value: $145,950

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2020-154834
  • Previous Sale Recording Date: Mar 19, 2008
  • Previous Sale Contract Date: Mar 17, 2008
  • Previous Sale Amount: $599,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Wayne

Stats & Trends

Median Asking:

$850,000

Sale Price/ft²

$232

Above Asking

0.00%

Average Days on Market

52

Average Home Size

6215 ft²

Average Home Age

35 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: Wayne Reuter, RE/MAX Professionals East
Data Source: MRED, MLS# MRD06698445
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 4N590 Magnolia Lane built and last sold?
The property at 4N590 Magnolia Lane was built in 1991 and last sold on Oct 29, 2020 for $525,000.
How much is this home worth?
The estimated value of the home located at 4N590 Magnolia Lane is $530,250.
What are some comparable homes to 4N590 Magnolia Lane?
There are currently no comparable homes to 4N590 Magnolia Lane.
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