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Plano 60545
505 Gregory Lane
$268,000
● House - Off Market

505 Gregory Lane

Plano, IL 60545
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,382 Ft²
$1,762
Est. Monthly
$42
HOA / Fees
6.99%
Cap Rate

About This Property

***SOLD DURING PROCESSING***
Unit Size
1,382 Ft²
Days on Market
-
Land Size
-
Price per sqft
$188
Property Type
House
Property Taxes
$445
HOA Dues
$42
Year Built
2005

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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

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,368
  • Total Building Area: 1,602
  • Gross Building Area: 1,602
  • Building Area: 1,382
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,382
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD SPRINGS
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 1228 LAKEWOOD SPRINGS UNIT 5 (EXC COM NE COR SD LT SE 30.16 S 19.53 SW 110.93 TO PT CURVE NW 31.69 ALG CURVE NE 110.27 TO POB) CITY OF PLANO

Neighborhood

  • School District Name: Plano Community Unit School District 88
  • Census Tract: 890501

Geography

  • Parcel: 01-24-302-026
  • Lot: 1228
  • Municipality: LITTLE ROCK TOWNSHIP
  • Latitude: 41.6681
  • Longitude: -88.5065

    Address

  • Full Address: 505 Gregory Ln
  • Address - House Number: 505
  • Address - Street Name: Gregory
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Plano
  • Carrier Code: R005
  • 4-Digit Zip Code: 2258
  • Zip Code: 60545

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $490,224
  • Tax Rate Code Area: LR003

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 79
  • Final Value: 191,707
  • High Value: 223,180
  • Low Value: 160,233

    Market Valuation

  • Market Total Value: $137,877
  • Market Land Value: $15,246
  • Market Improvement Value: $122,631

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,959
  • Assessed Land Value: $5,082
  • Assessed Improvements Value: $40,877

    Sales

  • Current Sale Contract Date: Nov 14, 2006
  • Current Sale Recording Date: Dec 04, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200600038835
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 Plano

Stats & Trends

Median Asking:

$289,450

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1745 ft²

Average Home Age

27.3 years

Currently For Sale

16 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 3102 Alyssa Street, Plano, IL, 60545

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,324 ft²
3102 Alyssa Street #3102, Plano, IL, 60545 Listing by Gino Picciola
Unit for rent at 4409 Klatt Street, Plano, IL, 60545

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,382 ft²
4409 Klatt Street, Plano, IL, 60545 Listing by Annette Panzek

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Melissa Garcia, Legacy Properties
Data Source: MRED, MLS# MRD12216081
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 Gregory Lane built and last sold?
The property at 505 Gregory Lane was built in 2005 and last sold on Nov 14, 2006 for $150,500.
How much is this home worth?
The estimated value of the home located at 505 Gregory Lane is $262,045.
What are some comparable homes to 505 Gregory Lane?
There are currently no comparable homes to 505 Gregory Lane.
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