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Minooka 60447
96 lots fully improved Indianridge sub
$2,400,000
● Land - Off Market

96 lots fully improved Indianridge sub

MINOOKA, IL 60447
bedrooms
Studio
bathrooms
0 Bath
$3,814,827
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

OPPORTUNITY KNOCKS! THE ONE YOU HAVE BEEN WAITING FOR. 96 FULLY IMPROVED HOMESITES IN MINOOKA SCHOOLS WITH GREAT COMMUNITY LOCATION. MULTIPLE PINS AVAILABLE FROM AGENT.COMMUNITY PARK, LAKE,MARKED ENTRY SIGN. STREETS AND ALL IMPROVEMENTS ARE IN! READY TO BUILD NOW ---WHILE THE MARKET IS H-O-T FOR NEW CONSTRUCTION! AFFORDABLY PRICED! 89 HOME SITES ARE IN INDIAN RIDGE COMMUNITY & 7 HOME SITES ARE IN HEATHER RIDGE SUBDIVISION. CALL LISTING AGENT FOR FURTHER DETAILS!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2018

Payment Calculator

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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.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • 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: 9,583
  • Total Building Area: 2,452
  • Gross Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,668
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN RIDGE SUBDIVISION
  • Land Acres: 0000000220
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: INDIAN RIDGE SUB PHASE 1A, AMENDED PLAT LT 15 SEC 11-34-8

Neighborhood

  • School District Name: Minooka Community High School District 111
  • Census Tract: 000102

Geography

  • District: 01
  • Subdivision Phase Number: 1A
  • Parcel: 03-11-231-022
  • Lot: 15
  • Meridian: SEC 11 TWN 34N RNG 08W
  • Municipality: AUX SABLE TOWNSHIP
  • Latitude: 41.4437
  • Longitude: -88.272

    Address

  • Full Address: 505 Edgewater Dr
  • Address - House Number: 505
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Minooka
  • Carrier Code: R005
  • 4-Digit Zip Code: 8924
  • Zip Code: 60447

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,070,588
  • Tax Rate Code Area: 1002

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 69
  • Final Value: 384,074
  • High Value: 468,772
  • Low Value: 299,375

    Market Valuation

  • Market Total Value: $400,407
  • Market Land Value: $67,341
  • Market Improvement Value: $333,066

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $133,469
  • Assessed Land Value: $22,447
  • Assessed Improvements Value: $111,022

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 607388
  • Previous Sale Recording Date: Sep 26, 2019
  • Previous Sale Contract Date: Sep 20, 2019
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 68
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 Minooka

Stats & Trends

Median Asking:

$374,950

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2232 ft²

Average Home Age

27.3 years

Currently For Sale

38 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

Unit for rent at 144 Zapata Lane, Minooka, IL, 60447

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,232 ft²
144 Zapata Lane, Minooka, IL, 60447 Listing by Vytautas Sruoga

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kathy Dames, RE/MAX Ultimate Professionals
Data Source: MRED, MLS# MRD09512196
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 Edgewater Drive built and last sold?
The property at 505 Edgewater Drive was built in 2018 and last sold on Feb 25, 2021 for $330,000.
How much is this home worth?
The estimated value of the home located at 505 Edgewater Drive is $465,274.
What are some comparable homes to 505 Edgewater Drive?
There are currently no comparable homes to 505 Edgewater Drive.
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