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Mazon 60444
505 Center Street
$90,000
● House - Off Market

505 Center Street

Mazon, IL 60444
bedrooms
2 Beds
bathrooms
1 Bath
square feet
952 Ft²
$93,844
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

****MULTIPLE OFFERS RECEIVED.  PLEASE SUBMIT HIGHEST AND BEST OFFERS BY 4:00 P.M. SUNDAY, JULY 11.******Make this cozy ranch home your own. The natural light floods the living room with it's over-sized corner windows. The open concept of the kitchen and living room provide a spacious area for entertaining. The exterior has been very well maintained.  This home has great potential for an owner with a vision.  The deep lot would allow for a garage to be built with an entrance from the street. Many updates have been recently made including a new roof, central a/c unit, water heater, and vinyl windows. This home is an estate and is being sold "as is".
Unit Size
952 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$86
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
1955

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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 #11148458)

Price History

Date / Event Date Event Price
Aug 19, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed by Century 21 Coleman-Hornsby $82,000
Listed by Century 21 Coleman-Hornsby

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 6,970
  • Total Building Area: 952
  • Gross Building Area: 952
  • Building Area: 952
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAZONVILLE ORIGINAL TOWN
  • Land Acres: 0000000160
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ORIG TN MAZON LT 13 BLK 4 SEC 21-32-7

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 000600

Geography

  • District: 11
  • Parcel: 08-21-226-020
  • Block: 4
  • Lot: 13
  • Meridian: SEC 21 TWN 32N RNG 07W
  • Municipality: MAZON TOWNSHIP
  • Latitude: 41.2401
  • Longitude: -88.423

    Address

  • Full Address: 505 Center St
  • Address - House Number: 505
  • Address - Street Name: Center
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mazon
  • Carrier Code: R777
  • 4-Digit Zip Code: 3607
  • Zip Code: 60444

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $292,973
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 71
  • Final Value: 124,133
  • High Value: 150,264
  • Low Value: 98,003

    Market Valuation

  • Market Total Value: $96,420
  • Market Land Value: $12,015
  • Market Improvement Value: $84,405

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,140
  • Assessed Land Value: $4,005
  • Assessed Improvements Value: $28,135

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 606789
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 Mazon

Stats & Trends

Median Asking:

$204,950

Sale Price/ft²

$168

Above Asking

0.00%

Average Days on Market

38

Average Home Size

1922 ft²

Average Home Age

69.8 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: Teresa Kief, Century 21 Coleman-Hornsby
Last Updated: 3 years ago
Data Source: MRED, MLS# 11148458
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 505 Center Street built and last sold?
The property at 505 Center Street was built in 1955 and last sold on Aug 12, 2021 for $90,000.
How much is this home worth?
The estimated value of the home located at 505 Center Street is $0.
What are some comparable homes to 505 Center Street?
There are currently no comparable homes to 505 Center Street.
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