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Beecher 60401
501 Meadow Lane
$280,000
● House - Off Market

501 Meadow Lane

Beecher, IL 60401
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,736 Ft²
$297,287
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Solid face brick ranch features custom cabinetry in the eat in kitchen. Downdraft Jenn-Aire range. Sliding doors to composite deck. Large living room with bay window. Three generous sized bedrooms. Great closet space! Two full baths. Massive clean basement! Main floor utility room. Attached two car garage is finished and heated! Has a 220 outlet. Central vacuum system. Roof & furnace eight years old. Most windows and doors replaced two years ago. Twelve inch on center floor joists. Coined brick corners. Very well-built home! ASSUMABLE 2.75% mortgage to qualified buyer! Tremendous savings!
Unit Size
1,736 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
House
Property Taxes
$514
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 #11763463)

Price History

Date / Event Date Event Price
May 15, 2023 Sold
Premium
Sold
Apr 20, 2023 Listed by Coldwell Banker Realty $295,000
Listed by Coldwell Banker 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: 13,655
  • 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: KONOW GRAHAM FIRST ADDITION
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 3 THE S1/2 OF LOT 4, IN KONOW GRAHM FIRST ADDN, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC 16 T34N-R14E.

Neighborhood

  • School District Name: Beecher Community Unit School District 200U
  • Census Tract: 883902

Geography

  • Parcel: 22-22-16-103-048
  • Lot: 3
  • Meridian: SEC 16 TWN 34N RNG 14E
  • Municipality: WASHINGTON
  • Latitude: 41.3487
  • Longitude: -87.6217

    Address

  • Full Address: 501 Meadow Ln
  • Address - House Number: 501
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Beecher
  • Carrier Code: R777
  • 4-Digit Zip Code: 6614
  • Zip Code: 60401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $594,892
  • Tax Rate Code Area: 2201

    Appraisal Valuation

  • Standard Deviation: 0.1484
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 293,666
  • High Value: 337,250
  • Low Value: 250,082

    Market Valuation

  • Market Total Value: $241,107
  • Market Land Value: $51,636
  • Market Improvement Value: $189,471

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $80,369
  • Assessed Land Value: $17,212
  • Assessed Improvements Value: $63,157

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24186
  • Previous Sale Recording Date: Jul 19, 1993
  • Previous Sale Contract Date: Jul 19, 1993
  • Previous Sale Amount: $27,500
  • 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 Beecher

Stats & Trends

Median Asking:

$324,900

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1986 ft²

Average Home Age

29.3 years

Currently For Sale

23 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: Bud Caruso, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11763463
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 501 Meadow Lane built and last sold?
The property at 501 Meadow Lane was built in and last sold on May 11, 2023 for $280,000.
How much is this home worth?
The estimated value of the home located at 501 Meadow Lane is $297,802.
What are some comparable homes to 501 Meadow Lane?
There are currently no comparable homes to 501 Meadow Lane.
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